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Altcoin Roundup: Cross-chain bridge tokens moon as crypto shifts toward interoperability

Published 01/30/2022, 06:45 PM
Updated 01/30/2022, 08:20 PM

Interoperability is shaping up to be one of the main themes for the cryptocurrency market in 2022 as projects across the ecosystem unveil integrations that make their networks Ethereum (ETH) Virtual Machine (EVM) compatible.

While this has been one of the long-term goals of the ecosystem as a step on the path to an interconnected network of protocols, it has also created a new decentralized finance (DeFi) market for multi-chain bridges and decentralized finance.

Multichain total value locked. Source: Defi Llama
Blockchain protocols supported by Multichain. Source: Multichain
Multichain network statistics. Source: Multichain
Total value locked on Synapse. Source: Defi Llama
Total bridged volume on each network supported by Synapse. Source: Synapse
Synapse bridge volume. Source: Synapse Analytics
cBridge usage statistics. Source: cBridge
Daily transaction volume on cBridge. Source: cBridge analytics

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