Layer-2-based DeFi and DEX platforms have seen an incredible surge in user activity, revenue and total value locked since the launch of Arbitrum and Avalanche’s cross-chain bridge.
Bitcoin will always be the boss, but the real innovative and groundbreaking developments are happening in layer-2 solutions, DAOs, NFTs with utility and the emerging Metaverse.
Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO.
A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low.
The DYDX governance token becomes the latest airdrop to surpass $100,000 for the most active users, and the DEX’s transaction volumes highlight the rising popularity of layer-2 platforms.
1inch indicated that its launch on the Optimistic Ethereum network will lead to faster confirmation times and lower fees.
The funds will be used to develop a “multichain relayer network” that provides solutions to Web 3.0 development issues.
High yield opportunities and a steady resurgence in DeFi tokens helped push DinoSwap’s TVL above $330 million just one week after launch.
The launch of cBridge Version 1.0 comes with a user interface and node software.
TEL, MATIC and AXS soared higher as Bitcoin’s relief rally to $32,800 lifted the entire market.