With the explosion of layer 1 chains post 2020 and the fast-paced demand for capital velocity across the chain by capital chasing incentives and opportunities, bridges are considered to be an essential utility.

A running inside joke is that centralised exchanges are the best bridges, which used to be somewhat true, but market demand for non-KYC solutions is thriving.

Blockchains like Bitcoin network, Ethereum, Avalanche, Solana, while great at making consensus and all the things we love them for, they are very siloed networks. unaware of outside world data including that of other blockchains.

Colloquially called the oracle problem, these siloed networks cannot talk to each other. send out messages and listen to them in a sufficiently trustless way. Bridging problem can be thought of this way too.

Over $12B in TVL across various bridges (ETH<->Chain)

A quick comparison on some attributes of popular bridges.

Connext with its underlying network - Noncustodial Xdomain Transfer Protocol(NXTP), has among lowest in the industry fees. One key feature is it deals with native assets across all chains, which reduces the extra step to swap an intermediate bridge token that incurs slippage and additional LP fees.

This is first post of a series exploring why Connext with its underlying tech NXTP can be the leading cross chain protocol for bridging assets and the bigger opportunity of xApps, cross chain apps built on top of NXTP.

My Twitter and Discord.

With the explosion of layer 1 chains post 2020 and the fast-paced demand for capital velocity across the chain by capital chasing incentives and opportunities, bridges are considered to be an essential utility.

A running inside joke is that centralised exchanges are the best bridges, which used to be somewhat true, but market demand for non-KYC solutions is thriving.

Blockchains like Bitcoin network, Ethereum, Avalanche, Solana, while great at making consensus and all the things we love them for, they are very siloed networks. unaware of outside world data including that of other blockchains.

Colloquially called the oracle problem, these siloed networks cannot talk to each other. send out messages and listen to them in a sufficiently trustless way. Bridging problem can be thought of this way too.

Over $12B in TVL across various bridges (ETH<->Chain)

A quick comparison on some attributes of popular bridges.

Connext with its underlying network - Noncustodial Xdomain Transfer Protocol(NXTP), has among lowest in the industry fees. One key feature is it deals with native assets across all chains, which reduces the extra step to swap an intermediate bridge token that incurs slippage and additional LP fees.

This is first post of a series exploring why Connext with its underlying tech NXTP can be the leading cross chain protocol for bridging assets and the bigger opportunity of xApps, cross chain apps built on top of NXTP.

My Twitter and Discord.