multi-chain ecosystem

Web3 OS Lowers Operating Costs Without Sacrificing Blockchain Security – Brendan Cooper

March 16, 2024 Bitcoin.com

bitcoin.com

According to Brendan Cooper, a core contributor at Andromeda, the widespread distribution and adoption of the Web3 operating system (OS) will likely result in the emergence of new business models, much like what happened with the Web2 OS. The Web3 OS is also likely to simplify “how developers and users interact with the resources provided […]

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Do We Even Need Bitcoin ETFs

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

May 19, 2022 Bitcoin.com

16 cross-chain bridges

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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Do We Even Need Bitcoin ETFs

Polygon Reveals Supernets Project to Bolster Web3 Adoption, Pledges $100 Million to Early Users

April 23, 2022 Bitcoin.com

$100 million fund

On April 22, the layer two (L2) scaling network Polygon introduced the new Supernets network, a blockchain protocol that’s built to bolster Web3 technology. Furthermore, Polygon is pledging $100 million to early Supernet users “who can help fast-track adoption.” The announcement details that Supernets is essentially the team’s Polygon Edge network “on steroids.” Polygon Supernets […]

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Do We Even Need Bitcoin ETFs

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

November 27, 2021 Bitcoin.com

Arbitrum Bridges

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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Do We Even Need Bitcoin ETFs

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

October 29, 2021 Bitcoin.com

Arbitrum Bridges

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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Do We Even Need Bitcoin ETFs

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

October 10, 2021 Bitcoin.com

Arbitrum Bridges

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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Do We Even Need Bitcoin ETFs

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

September 16, 2021 Bitcoin.com

Arbitrum Bridges

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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Do We Even Need Bitcoin ETFs