Celer’s cBridge Tops $1 Billion in Transaction Volume

Celer Network's cBridge Transaction Volume Doubles to $200M Within a Week

cBridge – the multi-chain community that’s designed to allow worth transfers into Ethereum and its layer-two scaling options, has surpassed $1 billion in phrases of whole cross-chain transaction quantity and property bridged.

  • According to a press launch shared with CryptoPotato, Celer Network’s cBridge has achieved a substantial milestone, surpassing $1 billion in whole cross-chain and transaction quantity and property bridged.
  • This comes solely 4 months after cBridge was launched.
  • To additional capitalize on the achievements made by the primary model of cBridge, Celer lately launched the beta of its cBridge v2.0
  • The concept behind it’s to speed up blockchain adoption and additional develop the bridging initiatives – one thing that ought to permit connectivity between Ethereum and different layer-one chains reminiscent of Solana and Cardano, as an example.
  • Alongside cBridge 2.0, the staff additionally goals to launch a white-label front-end SDK that may permit multi-chain dApps to have a built-in cross-chain expertise, in addition to cross-chain messaging for non-fungible tokens (NFTs).
  • Speaking on the current developments, Dr. Mo Dong, Celer’s co-founder, stated:

Reaching $1 billion in transactions is a tremendous testomony to the trouble our staff put into designing what we consider is the most effective cross-chain bridge. cBridge 2.0 is constructed to supply a a lot easier person expertise with a extremely scalable and deep multi-chain liquidity administration system to assist billion-dollar each day cross-chain switch quantity for the complete ecosystem.

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