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The entire cross-chain transaction volume and assets crossed on Celer’s cBridge, a multi-chain network that permits low-cost and rapid transfers into Ethereum, and its Layer2s has surpassed $1 billion.

Celer’s cBridge has made rapid and consistent development since its inception in July 2021. As a result, it hit a daily high of $25 million in assets crossed on November 17. Meanwhile, the development of layer two rollups like Arbitrum and Optimism is the main reason for cBridge’s expanding popularity.

The cBridge from Celer bridges the interoperability gap created by next-generation L2 technologies. However, despite their many benefits, solutions like optimistic rollups are inefficient in composability with Ethereum L1 and each other. Furthermore, traders are locked in their chosen rollup due to the 1-week delay timeframe. cBridge, on the other hand, allows consumers to withdraw their digital assets to L1 or another L2 instantaneously.

Furthermore, bridging procedures are less expensive in terms of gas prices than manual transfers, according to Celer’s exclusive State Channel technology.

Celer has now released cBridge v2.0 beta, following the success of its previous version. It plans to expand its bridge projects to connect Ethereum to other L1 chains, such as Solana and Cardano, and other L2 platforms to speed blockchain adoption.

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