23 days ago on September 16, cross-chain bridges held around $7.79 billion total value locked (TVL) and since then the TVL has increased 89% since then to $14.75 billion. Currently, the top bridges include network connections like Polygon Bridges with $4.5 billion, Fantom Anyswap Bridge with $4.1 billion, and the Avalanche Bridge with $3.2 billion.

Cross-Chain Bridge Technology Swells

Decentralized finance (defi) and cross-chain bridge technology have continued to grow in value this year. A cross-chain bridge allows users to connect to another blockchain, which in most cross-chain cases the other network has been the Ethereum chain, and users can swap assets back and forth between each blockchain.

Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL

Last month, Bitcoin.com News reported on an in-depth study that covers the myriad of multi-chain bridges that exist today. At that time on September 16, metrics from Dune Analytics’ “Bridge Away (L1 Ethereum)” dashboard indicated that bridges held $7.79 billion total value locked (TVL).

Cross-Chain Bridge Value Increases by 89% in Less Than a Month Surpassing $14 Billion TVL

Since then statistics show the TVL…

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Source: https://news.bitcoin.com/cross-chain-bridge-value-increases-by-89-in-less-than-a-month-surpassing-14-billion-tvl/