Perspective

What are the prospects for cross-chain bridges? Current trends indicate that a scenario where one blockchain dominates and displaces other solutions is unlikely. Despite Ethereum's broad capabilities, the emergence of L2 solutions offers significant advantages, including high transaction speed, lower fees, and greater flexibility and functionality.

Several ecosystems based on EVM-compatible blockchains (Binance Smart Chain, Huobi ECO Chain, and others) are rapidly developing. The existence of multiple competing blockchains necessitates the need for cross-chain transfers.

In these operations, stablecoins play a crucial role. These assets exist on different blockchains and are not subject to significant price fluctuations, making them convenient for storing value over an extended period.

With the growing popularity of decentralized finance (DeFi), cross-chain bridges are becoming more preferable compared to traditional exchanges. The technology is in demand, and new projects are continually emerging, indicating the promising future of this direction.

However, working with this technology often faces issues with unreliable L2 solutions, where tokens may be frozen after an exchange. In such cases, resolving the problem involves switching to a different L2 solution.