Cross-chain Bridges
The astonishing growth of DeFi over the past two years is attracting greater numbers of users, as well as higher transactional volumes, continues to be crypto’s ongoing success story. However, at least for the Ethereum network, on which the majority of DeFi activity takes place, this success hasn’t come with its own problems.
The Ethereum network has struggled to cope with the increasing inward migration of users, as the blockchain infrastructure was not built to manage the sheer volume of transactions coming in at any given time. In essence, despite a much higher transaction capacity than Bitcoin, and with every block filled up with transactions as they come, the transaction queue in the Ethereum network faces various states of congestion. As users seek to jump the queue, they also pay higher gas prices in the hope that miners prioritize transactions that bring in more fees. These gas wars have resulted in costly transaction fees, and longer waiting times for confirmations – hardly ideal situations for DeFi transactions that require speed and predictability to settle at the desired rates and liquidity.
Until the complete roll out of Ethereum 2.0, expected to address the major issue of Ethereum scalability to fix the gas price problem, PlasmaFinance continues to work on developing gas efficiency solutions such as Plasma Gas Station, as part of an overall framework for cross chain functionality in its own Plasma Hyperloop Protocol – a second layer DeFi solution that will bring the features of its proprietary, superfast blockchain, PlasmaDLT, to all other DeFi chains.
Until then, PlasmaFinance continues to work on this cross-chain philosophy which we believe will be part of the future solution for a unified DeFi, bringing together every opportunity in one place in line with our vision of β€œDeFi for all”.
With PlasmaFinance, users are able to access DeFi opportunities across multiple chains, without the need to use separate platforms. This is all possible from the same dashboard, using a growing list of cross-chain bridges.

Polygon Official Bridge

​Polygon is a scaling solution aiming to provide multiple tools to improve the speed and lower the cost and complexities of transactions on blockchain networks.

Multichain Bridge

​Multichain allows users to create and track native assets at the blockchain network level. It has built-in blockchain tokens, including native currency of the chain for transaction fees and additional assets issued on top.
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