Celer continues to expand its services to new platforms, chains and more.
$11.5 billion moved via cBridge
Celer Network marked a significant milestone, surpassing $11.5 billion in total cross-chain transactions over its cBridge protocol.
Launched in July 2021, cBridge provides connections between more than a dozen blockchains, including Ethereum, BNB Chain, Avalanche, Ethereum Layer-Two-Chains, etc. With a monthly volume of $314 million, cBridge is in the top 10 according to DefiLlama -Bridges .
In addition to cBridge, Celer’s other key products include the Inter-Chain Messaging (Celer IM) Framework and Layer2.Finance. Celer continues to build relationships with projects and blockchains across the crypto universe.
For example, it was recently announced that Celer would be deployed on the new Layer One Chain Sei network.
Sei is pleased to announce that @CelerNetwork is being deployed on the Sei Ecosystem 🥳
Celer is a blockchain interoperability protocol that enables a one-click user experience when accessing tokens, DeFi, GameFi, NFTs, governance and more over the Web3.
Stay tuned for more details 🔔✅ pic.twitter.com/V5m2pc6AY5
— Six (@SeiNetwork) November 23, 2022
And in mid-November, the dominant BNB Chain Decentralized Exchange (DEX) implemented PancakeSwap Celer IM to enable cross-chain liquidity holding across BNB Chain, Ethereum and Aptos Network.
In terms of Total Value Locked (TVL), PancakeSwap is currently the #3 DEX on Aptos, but in the last 30 days its TVL has grown by more than 50% while all other top DEXs on Aptos are double according to DefiLlama TVL down one digit in the past month.
What is the Celer network:
Celer Network is the industry’s leading inter-blockchain and cross-layer communication platform. The protocol provides fast, secure, and inexpensive bridging between multiple chains. The Celer ecosystem includes three unique products: Inter-Chain Message Framework, cBridge and Layer2.Finance.
Where to find the Celer network:
Website | Telegram | Twitter | discord |
‍
What is PancakeSwap:
PancakeSwap is a decentralized exchange (DEX) built on top of the BNB chain. It offers users various features such as Liquidity Pools (LPs), Swaps, Yield Farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT Profile system, and other tools.
Additionally, the protocol helps users get the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volume in the market, PancakeSwap is the leading DEX on the BNB chain.
Where to find PancakeSwap:
Website | Twitter | Medium | GitHub
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.