Polygon-Ethereum ERC-20 Bridge Is the Most Active, Locks $2.18 Billion

Polygon-Ethereum ERC-20 Bridge Is the Most Active, Locks $2.18 Billion


The Ethereum-Polygon ERC-20 bridge is the most active, data on January 23 reveals.

Polygon-Ethereum Bridge Dominant

As of January 23, there were $2.18 billion of assets locked in the Ethereum-Polygon ERC-20 Bridge, almost twice the value of assets locked between the Ethereum and Arbitrum bridge which, at the time of writing, stood at $1.36 billion. Another Plasma bridge, connecting Ethereum and Polygon, is also the third most active, locking over $894 million as of press time. 

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The Arbitrum: L1 Custom Gateway, Arbitrum: L1 ERC20 Gateway, the Optimism: Gateway; and the Polygon (Matic): Ether Bridge connectors locked significant amounts of tokens. Meanwhile, dYdX: L2 Perpetual Smart Contract; Synthetix: L2 Deposit Escrow; and AnySwap: Fantom Bridge were the other links that capped the top 10 most active.

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