Nov. 5, 2021: Bridges to Sell You 🌉💰
Most Curve Sidechains Approaching a Billion TVL
Last time we looked at cross-chain action it was a wildly different world. Bitcoin prices were stuck in the $40K range. Curve hadn’t launched on Avalanche and Harmony.
Now lest this chart gets you all “up and to the right” — crypto prices shot up about 50% in early October. Nonetheless, the trend is still pointing in the right direction.
Bridging should help Curve, since Curve has been so busy launching on several chains. Don’t look now, but Curve has over half a billion in volume locked on over half of the chains it has launched. While mainnet TVL remains dominant (87% on ETH as opposed to other chains), this number has declined from 95% just a few months back.
Even though Ellipsis (BSC) is not technically a Curve fork, we’re including it here because eff you, it’s our write-up and we’ll do what we want.
These numbers are all pulled manually at the moment, so we don’t have nice continuous data, but you can compare these numbers to how they looked a month and a half ago and draw your own conclusions.
Or you can pay us a nominal fee and we’ll do the thinking for you.
Plus you get to support PAC DAO crypto activism! It’s a great way to both have your chains and maybe even stay out of jail too (note: we cannot guarantee you will stay out of prison)
Avalanche
Where did this come from? Suddenly Avalanche shoots from nothing to Curve’s largest fork outside of Ethereum? Without a factory as well? And with rewards that could barely make TradFi jealous?
