Droidfeats
No Result
View All Result
  • Login
  • APPS
  • WALLPAPERS
    Google Pixel-6 Pro

    [2160×2400] Google Pixel 6 series new wallpapers – Download in High resolution

    OnePlus 9 Wallpapers [Download ZIP]

    iPhone 12 Pro Max Wallpapers / Live (HQ resolution) in ZIP

    Google Pixel 5 Wallpaper

    Download Google Pixel 5 Wallpapers and Live Wallpapers in ZIP (1080×2280)

    Samsung Galaxy S20 FE Wallpapers Stock Collection [2400 x 2400 pixels]

    Download Asus ROG Phone 3 Wallpapers – Gaming (2340×2340 resolutions)

    macOS Big Sur wallpapers

    Download WWDC ’20 (iOS 14 + macOS Big Sur) wallpapers in 5K resolution

    Google Pixel 4a wallpapers

    [ZIP] Download Google Pixel 4a (HQ) Wallpapers (Official designs)

    Xiaomi Black Shark 2 Pro Wallpaper

    Download Xiaomi Black Shark 2 Pro Stock Wallpapers (1440×3120 pixels)

    Trending Tags

    • Wallpapers
  • #TheBest
    • Get Google Camera
    • USB Drivers
    • Get Xposed Framework
    • Get Magisk
    • Get SuperSU
    • Get Play Store
    • Get ADB binaries
    • Get YouTube Vanced
    • Theme engine
  • Commands
  • BloatwareHOT
USB DRIVERS
MAGISK ROOT
  • APPS
  • WALLPAPERS
    Google Pixel-6 Pro

    [2160×2400] Google Pixel 6 series new wallpapers – Download in High resolution

    OnePlus 9 Wallpapers [Download ZIP]

    iPhone 12 Pro Max Wallpapers / Live (HQ resolution) in ZIP

    Google Pixel 5 Wallpaper

    Download Google Pixel 5 Wallpapers and Live Wallpapers in ZIP (1080×2280)

    Samsung Galaxy S20 FE Wallpapers Stock Collection [2400 x 2400 pixels]

    Download Asus ROG Phone 3 Wallpapers – Gaming (2340×2340 resolutions)

    macOS Big Sur wallpapers

    Download WWDC ’20 (iOS 14 + macOS Big Sur) wallpapers in 5K resolution

    Google Pixel 4a wallpapers

    [ZIP] Download Google Pixel 4a (HQ) Wallpapers (Official designs)

    Xiaomi Black Shark 2 Pro Wallpaper

    Download Xiaomi Black Shark 2 Pro Stock Wallpapers (1440×3120 pixels)

    Trending Tags

    • Wallpapers
  • #TheBest
    • Get Google Camera
    • USB Drivers
    • Get Xposed Framework
    • Get Magisk
    • Get SuperSU
    • Get Play Store
    • Get ADB binaries
    • Get YouTube Vanced
    • Theme engine
  • Commands
  • BloatwareHOT
No Result
View All Result
Droidfeats
No Result
View All Result

Top-volume cross-chain bridges for transferring assets between blockchains

Saeed Ashif Ahmed by Saeed Ashif Ahmed
0

WHAT ARE CROSS-CHAIN BRIDGES?

Also known as the blockchain bridge, cross-chain bridges allow users to transfer assets, tokens, smart contract instructions, and data between the Ethereum Code. With different protocols, rules and models, two blockchain bridges are connected together via interoperation securely. 

Blockchain cross-chain bridges enable users to –

  • Enjoy low operational difficulty
  • Utilise lower transfer fees on the non-scalable network
  • Execute dapps on multiple channels
  • Deploy digital asset transactions in a faster and easier way 

CHOOSING THE RIGHT CROSS-CHAIN BRIDGE

One should keep in mind the following factors while choosing the right blockchain bridge – 

1. Stable TVL excessing USD 1 billion with safe cross-chain procedure along with a conceivable execution environment. The environment should change gradually instead of rapid fluctuations. Moreover, a blockchain verification information and management approach is crucial too. 

2. High security to prevent hackers and third-party attacks, from taking the advantage of vulnerabilities.

3. The bridge should have a reasonable transfer cost ranging from USD 1 TO USD 2, with an interaction speed of at least 10 to 30 minutes of arrival time. 

4. Apart from this, aggregation tools are also provided by some cross-chain bridges, for example, CoinTodu provides a remarkable experience with respect to estimated arrival times, transaction fees, user experience rations and reaching the page within a click. 

TOP VOLUME CROSS-CHAIN BRIDGES FOR TRANSFERRING ASSETS BETWEEN BLOCKCHAINS

1. SYNAPSE (SYN)

A cross-chain layer protocol designed to provide users interoperability between different blockchain networks is termed the synapse cross-chain bridge. Synapse hit an all-time high value of $1.16 billion recently and is currently supporting 12 different chains all combined together to form a total bridge volume of $5.33 billion. 

The synapse protocol developed its own native token, SYN with multiple uses. The token holders can utilise it to form community governance votes through SnapseDAO. The Liquidity providers also receive parentage of profit paid out for deposits and can also be used as a subsidy to pay for the expended network gas. 

2. MULTICHAIN

Also known as Anyswap, Multi is a cross-chain router protocol that was developed with an aim to be the go-to- router for the web3 ecosystem. The bridge is considered as a top-ranked swap protocol by its total value at $8.95 locked currently. The huge number of networks supported by this protocol is the reason behind its high TVL. Multichain currently provides access to 30 different chains on its network. 

The chain has a total value of $53.15 billion since its launch and a $19.08 billion transacted in the last 30 days alone, according to the multichain data itself. The multichain protocol currently has 485,399 users, summing to nearly 2.256 million transactions. A share of the transaction fee is generated by the pool in question for customers who have deposited tokens into one of the multichain supported pools. The multichain protocol has its own native token – MULTI which is used to vote and participate in the multichain ecosystem governance, along with a circulation supply of more than 18.64 million tokens out of the 100 million available on the protocol. 

3. CELER cBRIDGE

Considered as one of the most prevalent cross-chain protocols out there, celery cBridge is a multi-chain network that provides low-cost value and rapid value transfers among 19 different networks. The protocol is the subsector of the large celer ecosystem (CELR) employing its token for operation and as a reward for liquidity providers. Along with the LP’s token reward, a percentage of the transaction fee is also generated through liquidity pool users for bridging funds between chains. 

Coming to celer’s total value, the recent data from Bridge analytics states that the total value of locked funds in the pool-based bridge contact along with the locked funds of the canonical token bridge is at $240.93 currently. There are a total of 89,897 interacted addresses on the protocol since its beginning and have summed up a total of $2.842 billion transactional volume. 

SUMMARY:

The advancement and growth of the DeFi sector has certainly led to the increased popularity and more comprehensive acceptance of cross-chain bridges. When compared to traditional exchanges, blockchain protocols offer interoperability, mutual integration of applications to support blockchains, investors, as well as business owners. 


ShareTweetPin1Share
Previous Post

5 must-have Android apps for football fans

Next Post

How to build a Decentralised app (dApp)

Saeed Ashif Ahmed

Saeed Ashif Ahmed

Saeed Ashif Ahmed is a Blogger who has a keen interest in how emerging technology can help the world become a more just, equitable, and kind place. He enjoys interviewing CEOs of tech startups asking them what they are doing to bring greater opportunity and equity to our society.

Related Posts

Android Development

7 Android app development trends every developer should keep an eye on in 2022

August 12, 2022
Contributors

Industry 4.0 Transformation: How Data Drives Manufacturing Businesses

August 11, 2022
Contributors

Educational Technology: How Important Is It in Today’s Society?

August 9, 2022
Contributors

How to pick a reliable video editing service provider?

August 12, 2022
Contributors

King Billy Casino Canadian Review

August 10, 2022
Contributors

Tips for designing your website

August 12, 2022
Next Post

6 Best paraphrasing apps for Android in 2022

2022’s Best mileage tracker apps

How the Joker can save your game in Rummy

How to devise a winning fantasy cricket strategy on Howzat

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No Result
View All Result

Recommended Stories

Top best employee monitoring Apps to increase productivity

August 19, 2022

Is it worth installing GBWhatsApp pro in 2022?

August 19, 2022

5 Best Sports Gaming Apps for Android Users

August 18, 2022
Droidfeats

Droidfeats brings you the best tutorials and tips for Android firmware, tools, mods, themes, roots, and other hacks.

Disclaimer: DroidFeats.com isn’t affiliated with either Android or Google in any way!
LEARN MORE »

Tips

5 Best Sports Gaming Apps for Android Users

What to look for when searching for an internet casino to play at on your Android

How to Make Money with eSports

Must-Have Apps For Every NFL Fan

Popular Apps

Best VPN Service Providers (Buyers Guide and Review) for 2022

Gcam Port Hub (all device list): Best Google camera for your Android

Download YouTube Vanced APK V15.05.54 (with Guide)

Solitaire Gold: The best solitaire game in the market

No Result
View All Result

Wallpaper Gallery

Google Pixel 5 Wallpaper
  • Advertise
  • About us!
  • Privacy Policy
  • Terms & Conditions
  • Contact

© 2017–2022 | All Rights Reserved

No Result
View All Result
  • About us!
  • Advertise
  • Contact
  • Home
  • Job
  • Privacy Policy
  • Terms & Conditions

© 2017–2022 | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.