Asset bridging refers to the process of transferring digital assets between different blockchain networks. This technology allows assets that exist on one blockchain to be represented or utilized on another, thereby increasing liquidity and interoperability. It is a fundamental mechanism for expanding the utility of digital assets across diverse blockchain ecosystems.
Context
Asset bridging is a critical area of development and scrutiny within the cryptocurrency space, particularly concerning cross-chain decentralized finance (DeFi) applications. News often highlights the launch of new bridging protocols, the total value locked in bridged assets, and, unfortunately, security incidents involving bridge exploits. Discussions frequently focus on the security models employed by different bridges, the risks of asset lock-ups, and the ongoing pursuit of more secure and decentralized bridging solutions.
The Snowbridge launch and rollup adoption created a new composability primitive, driving Polkadot's transaction volume up 200% by unifying cross-chain liquidity.
The miAssets primitive abstracts away cross-chain friction, establishing a universal liquidity standard to maximize capital efficiency across EVM ecosystems.
Cardinal introduces the first Bitcoin DeFi primitive on Cardano, enhancing ecosystem liquidity and expanding interoperability for decentralized applications.
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