Bridging Away From Mainnet, to Ronin and AvalancheNov 23, 2021
As scaling solutions come, we see high bridging activity as funds move away from the expensive Ethereum chain and continue staying there. Of all the chains, Ronin and Avalanche have seen the highest activity and funds moved.
Ronin recently released Katana, a DEX in Ronin, that reduces the need for scholars/managers to bridge back to Ethereum for swaps. This reduced the need for scholars to move funds to and fro to realize their income. Alongside this, Binance’s Ronin integration allowed for a much cheaper bridging process.
As previously mentioned, Avalanche serves as a cheaper alternative chain to Ethereum, which attracted massive capital due to its cheap fees. As of today, the Avalanche bridge is the most used bridge on Ethereum.