Cross-chain bridges play an important role in blockchain because they enable efficient funds transfer between different networks. In the last 30 days, huge transactions have been logged in such platforms, which is vital to users requiring cross-chain transactions for some valuable assets. Based on the current data from DeFiLlama, there are distinct cross-chain bridges because of the rising demands.
Circle CCTP Leading the Cross-Chain Bridges
Among the top performers, Circle CCTP is the leading cross-chain bridge, processing $979 million in transactions. This highlights its critical role in enabling users to move assets across different blockchain networks with ease and security.
Stargate and Arbitrum Bridge follow closely behind, recording transaction volumes of $978 million and $972 million, respectively. These bridges have become central to the current decentralized finance landscape, offering efficient solutions for users seeking to optimize their asset management.
Orbiter Finance saw volumes of $878 million, reinforcing its position as a reliable platform for cross-chain transfers. IBC also attracted significant attention, registering $808 million in transactions. As interoperability continues to gain traction across blockchain networks, these platforms have proven indispensable for ensuring smooth asset transitions.
Increasing Activity on zkBridge and Polygon PoS Bridge
zkBridge recorded $318 million in transaction volume, while Polygon PoS Bridge and deBridge showed increasing user engagement, with volumes reaching $249 million and $226 million, respectively. Their rise demonstrates the growing importance of bridging solutions in making decentralized applications accessible across networks.
Synapse posted a volume of $177 million, marking consistent growth. While lower in volume than its competitors, its gradual increase signals the potential for further expansion as cross-chain operations evolve.
Source: https://blockchainreporter.net/cross-chain-bridges-hit-new-heights-in-crypto-trading-volume/