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. 

Trending: BREAKING: Brunson Brothers Case Is Back On!

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.

Continue reading


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend