Swing Highlights | Across
Let's take a look at behind-the-scenes action at Across.
Dubbed “the bridge Ethereum deserves,” Across Protocol supports cross-chain asset transfers to rollups and L2. But there’s a lot more going on beneath the hood.
Let’s pop the lid and take a look 👇
#SwingHighlights
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🔗 Across is optimized for capital efficiency with a single liquidity pool, no-slippage fees, and a competitive relayer landscape.
👉 It's a cost-effective solution for users looking to transfer assets across different blockchain networks.
https://across.to/
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~ Daily Active Users
March 2023, a month of high footfall for the industry due to the highly anticipated $ARB airdrop & the effects can be seen everywhere.
After months of stagnation around ~1K DAU, there was a more than a 50% jump recorded last month for DAU on Across.📈
⬆️+15.5% (90 days)
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~ Total Value Locked
Seeing an increase of +8.2% in the last 90 days⬆️:
👉 Across is ranked the 140th most value-locked protocol.
👉 With more than $50M locked into the protocol as of April 7, 2023.
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~ Fees
There are two types of fees associated with using Across:
👉 Destination gas fees
👉 Bridge fees
Bridge fees are up +89.35% to $321.87K for the last 30 days⬆️
Bringing its annualized fee collection to $3.92M 😲
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~ Bridge Volume
⬆️ More than 800,000 txns by 100,000+ users
⬆️ More than $1.3B in total bridge volume
⬆️ Annualized transfer volume is up by +58.98% to $2.12b
⬆️ Average weekly bridge volume of $20M
The month of March had one of the best-performing weeks in the last 90 days (+38.4%) for Across.
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~ Transactions vs Fees
👉 Number of txns from launch till date ~ 871,893📊
👉 Generated fees from launch till date ~$3,320,181💰
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~ Treasury
⬆️ Across treasury is up +60.8% (90 days) to $45.3M
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~ Protocol Statistics
Across supports all the popular blockchains namely:
👉#Ethereum
👉#Arbitrum
👉#Boba
👉#Optimism
👉#Polygon
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~What’s next for Across?
🔗 With @AcrossProtocol, we will say goodbye to cross-chain roadblocks! The Across Universal Bridge Adapter is launching soon, eliminating cross-chain roadblocks and supporting more tokens.
🌉 The UBA combines native and incentivized rebalancing, plus a novel interest rate lending model, optimistic verification, and dynamic pricing for a seamless cross-chain experience.
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👉 The new Universal Bridge Adapter enables trustless messaging using ZK technology, broadens token support to include wstETH and MATIC, and offers dynamic pricing based on the global pool state. A game-changer for cross-chain transactions.
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This is an edition highlighting key metrics from cross-chain bridges, blockchains, and decentralized liquidity sources from our partnered ecosystem.
Stay tuned as we bring you regular #SwingHighlights.
Join the conversation here.
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