Avalanche Bridge – DIGIT INFO

Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

DIGIT — Wed, 20 Sep 2023 04:45:09 +0000

The sanction of cryptocurrency mixer Tornado Cash in August caused the first major shift, but that is now accelerating even faster than projected.

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Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month

DIGIT — Thu, 19 May 2022 15:00:09 +0000

Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days. Value Locked in Cross Chain Bridge […]

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Coinbase Cloud launches Avalanche developer tools suite

DIGIT — Wed, 23 Mar 2022 02:04:39 +0000

The Avalanche ecosystem stands to gain from three tremendous developments announced this week with Coinbase Cloud’s integration, BTC support, and UST trading.

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Despite Crypto Market Rout, Total Value Locked in Cross-Chain Bridges Jumps 9% in 30 Days

DIGIT — Sat, 27 Nov 2021 19:00:00 +0000

30 days ago on October 28, the total value locked (TVL) in cross-chain bridges to Ethereum was around $22.48 billion and in the face of the recent market dump, the TVL still increased by 9.56%. At the time of writing, there are 135,148 unique depositors and Axie Infinity’s Ronin Bridge holds the largest TVL. Cross-Chain […]

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Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days

DIGIT — Fri, 29 Oct 2021 16:30:29 +0000

On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached […]

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Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL

DIGIT — Sun, 10 Oct 2021 14:00:51 +0000

23 days ago on September 16, cross-chain bridges held around $7.79 billion total value locked (TVL) and since then the TVL has increased 89% since then to $14.75 billion. Currently, the top bridges include network connections like Polygon Bridges with $4.5 billion, Fantom Anyswap Bridge with $4.1 billion, and the Avalanche Bridge with $3.2 billion. […]

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Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

DIGIT — Mon, 20 Sep 2021 02:30:58 +0000

During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to […]

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Study Shows Cross-Chain Bridge Technology Growth, Bridges to Ethereum Exceed $7 Billion

DIGIT — Thu, 16 Sep 2021 21:50:00 +0000

On September 8, 2021, Dmitriy Berenzon, research partner at 1kxnetwork, an early-stage crypto fund that helps founders bootstrap token networks, published a comprehensive research post concerning blockchain bridges. Berenzon’s study highlights the current “multi-chain market structure” and bridges that are making a myriad of blockchains compatible. Researcher: ‘We Are Finally in a Multi-Chain Market Structure’ […]

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