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This piece provides a recap of some of the key metrics and insights in the cross-chain bridge landscape in February 2023.
Cross-chain bridge TVL increased overall for the second straight month of 2023, led by greater capital flows to the Arbitrum One and Optimism bridges
Monthly volume on multi-chain bridges increased by about 16%, with LayerZero’s Stargate bridge seeing significant gains in both TVL and stablecoin volume
Among two-chain canonical bridges, TVL continued to skew toward L2 chains, where stablecoins also command a major presence in cross-chain activity
Footnotes
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