Top ten mainstream ecological cross-chain bridges
Cross-chain spans permit information move between cryptographic forms of money, shrewd agreement guidelines, and blockchains. Albeit two blockchains may have various conventions, rules, and administration models, a cross-chain scaffold can safely interface them together through interoperability.
Clients can utilize cross-chain spans:
1) Quickly and effectively acknowledge advanced resource exchanges.
2) Take benefit of low functional trouble.
3) Take benefit of lower move expenses on non-adaptable blockchains.
An instance of moving cross-chain resources: when a client needs to switch ERC20 A tokens on Ethereum over completely to BEP20 A tokens on BSC chain through O3 Swap , ERC20 A will be locked on the source chain and tell the extension at BEP20 An is created on the BSC chain and afterward moved to clients.
Issues that cross-chain spans address Cross-chain spans work with cross-chain development by giving multi-resource interoperability and more noteworthy security.
The cross-chain span additionally tackles the accompanying issues:
1) Reduce the gas expense and accelerate the exchange speed.
2) User resources can communicate uninhibitedly, giving a decent client experience.
3) Increased efficiency and utility of existing crypto resources.
4) Better security and protection.
Cross-chain spans are appropriate in the accompanying cases:
1) Token trade among Ethereum and layer 2 organizations, resources are interoperable between chains, quicker and simpler asset stores, resource withdrawals to diminish functional intricacy.
2) Investors can utilize cross-affix extensions to speed things up while putting resources into another chain, yet they should initially take a look at its finished system and security.
3) Arbitrage exchanging through Optimism, Arbitrum and Polygon on decentralized trades.
Coming up next is an arrangement of some cross-chain span benefits ordinarily utilized in the best ten standard environments (Ethereum, BSC, Solana, Terra, Avalanche, Fantom, Polygon, Arbitrum, Optimism, Harmony), expecting to help everybody
1-XY Finance
Token: No Category: Third-Party Bridge Connection Form: Many-to-Many
Support ecology: Ethereum, BSC, Fantom, Polygon
Introduction: XY Finance is positioned as a Bridge Smart Contract Development Services aggregator. Similar to the Li.Finance and other cross-chain + transaction projects mentioned above, XY Finance also supports the exchange of a token on network A to network B another token on . The structure of XY Finance is composed of X Swap and Y Pool. X Swap is responsible for finding the best quotation and executing transactions. Y Pool is responsible for providing liquidity for X Swap and using transaction fees to motivate liquidity providers.
2-xPollinate (Connext)
Token: No (🐑) Category: Third-party bridge Docking form: many-to-many
Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Arbitrum, xDAI, Moonriver
Introduction: Connext is a cross-chain protocol for fast asset transaction and contract invocation between EVM-compatible networks. xPollinate is an application of Connext’s general cross-chain transaction protocol NXTP. Currently, it supports Ethereum, BSC, Avalanche, Fantom, Eight networks including Polygon, Arbitrum, xDAI, Moonriver, etc.
From the physical point of view, the user experience of xPollinate is quite excellent. The mainstream EVM ecology has basically been covered. Although the supported currencies are not as many as AnySwap, they are enough to meet the needs of most scenarios. The cross-chain time can generally be within 5 minutes. It’s not too expensive to complete.
3-Wormhole
Token: No Category: Official Bridge Connection Form: Many-to-many
Support ecosystem: Ethereum, BSC, Solana, Terra, Polygon
Introduction: Wormhole is an asset cross-chain tool jointly developed by Solana and Certus.One. It was originally created to realize the two-way conversion between Ethereum and Solana assets, but now it can also realize the exchange between other ecosystems (such as Ethereum and Polygon). Asset transfer.
Since the native token of the Solana network is the SPL standard, before the launch of Wormhole, users who want to transfer assets from other blockchains must switch to the standard through a centralized exchange such as FTX. Wormhole allows users to directly convert Ethereum ERC-20 assets into Solana’s SPL standard assets. When users withdraw SPL assets from the Solana chain to Ethereum, they can also be directly converted into ERC-20 standard assets without additional Switching steps simplifies the user’s operation process.
4-Terra Bridge
Token: No Category: Official Bridge Connection Form: Many-to-One
Support ecology: Terra and Ethereum, BSC, Harmony (only supports interoperability between Terra and the latter three)
Introduction: Terra Cross chain bridge development is the official cross-chain bridge of the Terra ecosystem. Currently, it supports the exchange of assets between the three ecosystems including Ethereum, BSC, and Harmony and the Terra ecosystem. In terms of currency, it mainly supports LUNA, ANC, UST, and synthetic assets in the Terra ecosystem. Cross-chain transfer of tokens such as (mBTC, mETH), synthetic stock assets (mBABA, mCOIN, mGOOGL).
5-Teleportr
Token: No Category: Third-party Bridge Connection Form: One-to-One
Support ecology: Ethereum, Optimism (for the time being, only one-way entry of Ethereum into Optimism is supported)
Introduction: Teleportr is a dedicated cross-chain bridge mainly serving the Optimism ecosystem. Although the development team claims that it may support other Layer 2 networks in the future, it will only focus on Optimism for the time being. The main concept of Teleportr is that it will be cheaper to enter Optimism through this bridge than the official bridge (Optimism Gateway), because “it is a centralized hosting bridge”.
6-cBridge (Celer Network)
Token: CELR (Ethereum contract address: 0x4f9254c83eb525f9fcf346490bbb3ed28a81c667)
Category: third-party bridge docking form: many-to-many
Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Arbitrum, xDAI, Heco, OEC
Introduction: cBridge is an atomic swap-type cross-chain bridge launched by the Layer 2 expansion platform Celer after extracting the core conditional payment function in its original state channel products, optimized and slimmed down. Similar to the existence of AB mentioned above, Celer Network also chooses to use ordinary addresses to complete the cross-chain process. When performing cross-chain operations, users do not need to send any funds to the contract. Instead, they need to send the node address through the contract. Send a transfer with a hash lock, and the main body that releases liquidity to the user-specified address on the target chain will no longer be the contract itself, but can send the node address with the same hash lock to the user.
7-ChainSwap
Token: ASAP (Ethereum contract address: 0xcc665390b03c5d324d8faf81c15ecee29a73bcb4)
Category: third-party bridge Docking form: many-to-many
Support ecosystem: Ethereum, BSC, Avalanche, Fantom, Polygon, Moonriver, Shiden, Heco, OEC, KuCoin Community Chain, Fusion, Telos
Introduction: Regarding ChainSwap, the most noteworthy are the two directions it is developing: one is a cross-chain aggregator, which aims to aggregate the cross-chain routes of Anyswap, Poly Network, and Connext, and find the best-priced cross-chain path for users. ; The second is to build a new cross-link route in its own V2 version, aiming to achieve a more open currency support capability.
8-FibSwap DEx
Token: FIBO (BSC contract address: 0x5067c6e9e6c443372f2e62946273abbf3cc2f2b3)
Category: third-party bridge Docking form: many-to-many
Support ecology: Ethereum, BSC, Fantom, Polygon,Build a cross chain bridge
Introduction: FibSwap DEx is a decentralized exchange that supports cross-chain, that is, it supports both cross-chain and asset exchange functions. We will also introduce some other similar projects below.
FibSwap DEx adopts the self-developed intelligent algorithm FibSwap Smart Algorithm, which allows users to exchange a token on network A for another token on network B through a simple transaction. At the same time, FibSwap’s DEX aggregation function will also help Users look for the best exchange offer.
9-Hop Protocol
Token: No (🐑) Category: Third-party bridge Docking form: many-to-many
Support ecosystem: Ethereum, Polygon, Arbitrum, Optimism, xDAI
Introduction: Hop Protocol is a cross-chain bridge mainly used for asset transfer between Ethereum and its Layer2 network. This bridge designs “hAssets” as an intermediate asset, and combines the AMM mechanism to achieve rapid cross-chain circulation of assets — when cross-chain, deposit assets into contracts 1:1 mortgage to cast hAssets, and when redeeming assets, 1 :1 Destroy hAssets.
Like Connext (xPollinate), Hop Protocol has not issued tokens for the time being, considering that its business scale has a certain scale, so, you know…
10-Horizon
Token: No Category: Official Bridge Connection Form: Many-to-One
Support ecology: Ethereum, BSC, Harmony (Ethereum, BSC are not supported)
Introduction: Horizon is the official bridge of the Harmony ecosystem. Its main function is to help users transfer assets from Ethereum and BSC to Harmony.
Horizon’s architecture is a set of smart contracts deployed on Ethereum, BSC, and Harmony chains, respectively. When token locking activity is detected on the originating chain, Build a token bridge the validator pool will validate the transaction and pass the final information to the destination chain, which will then generate an equal amount of bridge tokens 1:1, and vice versa .
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