The market is finally starting to rise, and the cross-chain sector may be worth watching

➤ Why are we optimistic about the cross-chain sector?

The logic is simple. There are over 100 Layer1 and Layer2 projects in the market, can you believe that? However, there may be fewer than 10 cross-chain interoperability projects connecting these ecosystems.

At least the commonly used cross-chain interoperability projects like ChainLink, LayerZero, Wormhole, Axelar, Debridge, Celer, etc., add up to less than 10.

In 2021, there were almost only Ethereum and BSC ecosystems that were relatively active. By 2025, there are more Layer1 projects like Solana, SUI, Sonic, and Bear Chain, as well as Layer2 projects like Base and Arbitrum.

The more intense the competition between ecosystems, the stronger the demand for cross-chain will be.

Perhaps, the cross-chain sector may not be as crazy as MEME, but it will definitely be a stable and growth-oriented sector.

With the market recovery, various on-chain ecosystems will gradually begin to compete, and funds are about to start flowing back and forth within these cross-chain protocols...

➤ Which cross-chain project are you more optimistic about?

In fact, ChainLink, LayerZero, Wormhole, Axelar, Debridge, and Celer are all good projects. However, as investors, we need to consider which project has more investment space.

Therefore, Brother Bee has compiled the FDV of these 5 projects: LayerZero, Wormhole, Axelar, Debridge, and Celer, along with the ratio of cross-chain trading volume and number of trades, in order to find undervalued projects.

Trading volume and number of trades can reflect the market size of cross-chain products; FDV/cross-chain trading volume is similar to the price-to-earnings ratio, as cross-chain trading and the income of cross-chain protocols are positively correlated.

The comparison clearly shows that DeBridge ($DBR) is the most undervalued cross-chain project. Whether on a monthly, weekly, or daily basis, the ratio of $DBR's FDV to trading volume and number of trades is the lowest.

Apart from $DBR, LayerZero ($ZRO) also has relatively low ratios.

In fact, DeBridge's cross-chain scale is only slightly lower than Wormhole's. In February, DeBridge's cross-chain scale once surpassed Wormhole's. However, the exchanges where $DBR is listed are also the fewest, so the potential of $DBR may be the greatest.