The post Blockchain Cross Chain Bridge Flows Show Base, Solana Lead appeared on BitcoinEthereumNews.com.

Key Points: Blockchain Cross Chain Bridge Flows rank Base, Solana, and Sui as leaders in the net fund movement. Polygon outflows, mostly returning to Ethereum, reflect cyclical liquidity trends. Blockchain Cross Chain Bridge Flows highlight Base, Solana, and Sui as the top performers, while Polygon sees significant outflows likely returning to Ethereum. Top Performers in Blockchain Cross Chain Bridge Flows By Artemis data, Base, Solana, and Sui are the top three blockchain cross chain bridge flows in terms of net fund flows in the last week. These platforms are outnumbering all others in the top 15 for leading liquidity movement, which indicates strong favoritism toward their ecosystems in cross-chain transactions. This can be hugely contributed to by Base’s growing popularity and the resurgence of Solana. Base’s and Solana’s leading positions are indicative of how dynamic cross-chain choices can be, while Sui itself is getting popular because of its advanced functionality. Inter-chain bridges are a critical element in enabling free flows of assets across ecosystems, confirming the connectedness of the blockchain industry. Read more: FTX Sues SkyBridge Capital Founder To Recover $100 Million Polygon Outflows and Their Ethereum Return Polygon registered one of the lowest net fund flows, in concert with Ethereum and Blast, which was quite representative of a big outflow. According to Artemis data, about 96% of Polygon’s outflows are expected back on Ethereum’s mainnet, highlighting the cyclical movement likely driven by the Polymarket Trump election. While Ethereum remains a pivotal destination for the return of funds, the outflow from Polygon underlines the transient changes in liquidity. This shows clearly that exogenous factors, like market events, serve as the primary driving elements for cross-chain bridge flows across blockchains, thus requiring adaptive strategies in managing one’s liquidity. DISCLAIMER: The information on this website is provided as general market commentary and does…

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Filed under: News - @ November 18, 2024 2:22 am