- Oct 25, 2021
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Cross-Chain Bridge TVL Continues to Climb
While the total value locked in decentralized finance (defi) is
Many of these defi networks leverage a connection to the Ethereum Virtual Machine (EVM) which allows the protocols to do various things like access liquidity pools and stake tokens. Users leverage cross-chain bridges to connect their assets to the EVM and to utilize Web3 wallets like Metamask, Safepal, and others.
Close to a month ago, on October 29, Bitcoin.com News
Besides Ronin, other cross-chain bridges connect to blockchains such as Avalanche, Polygon, Arbitrum, Fantom, Optimism, Boba Network, and Harmony. While Ronin’s bridge TVL is $7.4 billion, the AVAX TVL tied to cross-chain bridge technology is $6.7 billion. Bridges like Arbitrum and Optimism are used as a means to leverage Ethereum transactions but with lower fees.
Ethereum fees have dropped in recent times as the average ether fee according to
What do you think about the increase in cross-chain bridge usage during the last 30 days? Let us know what you think about this subject in the comments section below.