ChainSwap to Launch Industry’s First Cross-Chain Aggregator

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	358,986,002,866	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

358,986,002,866

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	9.92	0.33%	2,983.80	2,983.69	2,983.77

Price Change

Price Change %

Current Price

Bid Price

Offer

9.92

0.33%

2,983.80

2,983.69

2,983.77

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,012.82	2,949.52	2,975.17	2,973.88	1,520.85 - 4,093.88

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,012.82

2,949.52

2,975.17

2,973.88

1,520.85 - 4,093.88

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:03:57	0.250627	2,983.80	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:03:57

0.250627

2,983.80

USD

Price x Volume	Volume	Base Symbol	Related Pairs
70,690,390.60	23,679.56	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

70,690,390.60

23,679.56

ChainSwap to Launch Industry’s First Cross-Chain Aggregator

06/12/2021 10:30am

NEWSBTC

ChainSwap, a cross-chain asset bridge & application hub for smart chains, launched its cross-chain bridge aggregator today. The initial version of ChainSwap Cross-chain Bridge Aggregator integrates three leading bridge solutions, namely Poly Bridge, Multichain, and AnySwap. More bridges are expected to be supported by the aggregator. ChainSwap’s final goal is to integrate all cross-chain bridges available on the market and become the go-to platform for cross-chain solution seekers. Why a Bridge Aggregator: Current Challenges Imagine that you want to transfer a token from ETH to BSC with a decentralized cross-chain bridge. Currently, there are a few challenges. First, you need to research which bridge supports the token on both chains. Second, you need to choose which bridge provides the best deal with the lowest slippage and transaction fee, on top of other information such as estimated bridge duration time. In order to do that, you have to spend time comparing all the currently offered bridge solutions. This is difficult and time-consuming as the currently offered bridge solutions do not have a common interface, this is where the Chainswap bridge aggregator comes in. Market Analysis According to Dune Analytics, the current combined TVL of Ethereum bridges is $26.65 billion as of Dec. 1, 2021, up by +100% from only 2 months ago. This data tracks the 17 leading Ethereum bridges and is demonstrating an ever-growing trend. Ethereum Bridges TVL There are a number of main cross-chain solutions currently available on the market, including Cambridge, Hop, Binance Bridge, Terra Bridge, Anyswap, Allbridge, Renbridge, Xpollinate, Polynetwork, etc. More cross-chain projects are expected to emerge in the future. Different projects adopt different approaches We have centralized ones V.S. decentralized ones; cryptographic algorithms V.S. trusted devices; multiple steps V.S. simple one-click. Each cross-chain solution has its pros and cons. But in terms of the overall structure, all of them are based on these five elements: source chain, source token, destination chain, destination token, and sender. When it comes to EVM-based cross-chain solutions, we also have a Source Mapping contract and a Destination Mapping contract. ChainSwap’s Cross-Chain Aggregator Solution ChainSwap’s ultimate goal is to create an aggregator platform that integrates all cross-chain solutions and allows users to enjoy the margin of these projects combined through the unified interface that we provide, thus making the cross-chain experience more convenient and effective. This ultimate goal will be rolled out in steps and the first step has just been completed through the integration of Poly Bridge and Multichain. Support for other bridges such as AnySwap and Wormhole, is already under development and is expected to go live shortly. The entire aggregator solution is presented in the form of one interface. Users first select the Source token they wish to transfer cross-chain, then the source chain, destination chain and enter the amount they wish to transfer. The platform then presents the user with a list of all cross-chain projects that can provide this service. Once selected, the cross-chain transfer can be done with one click.

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