November 19, 2021 – Singapore, Singapore
Celer’s cBridge, the multi-chain network that enables instant and low-cost value transfers into Ethereum and its layer 2s, has surpassed $1 billion in total cross-chain transaction volume and assets bridged.
Celer’s cBridge has shown steady and rapid progress since launching in July 2021, reaching a daily peak of $25 million in assets bridged on November 17, 2021. The introduction of layer 2 rollups such as Arbitrum and Optimism in September was the main driver behind cBridge’s growing popularity.
Celer’s cBridge fills the gap in interoperability brought by next-generation layer 2 solutions. Despite offering excellent