The market is finally starting to show its potential, and the cross-chain sector may be worth关注
➤ Why is the cross-chain sector promising?
The logic is simple. There are over 100 Layer1 and Layer2 projects in the market, can you believe that? However, there are probably fewer than 10 cross-chain interoperability projects connecting these ecosystems.
At least the commonly used cross-chain interoperability projects such as ChainLink, LayerZero, Wormhole, Axelar, Debridge, Celer, etc., add up to less than 10.
In 2021, only the Ethereum and BSC ecosystems were relatively active. By 2025, there will be more Layer1s like Solana, SUI, Sonic, and Bear Chain, as well as Layer2s like Base and Arbitrum.
The more intense the competition between ecosystems, the stronger the demand for cross-chain solutions will be.
Perhaps the cross-chain sector may not be as crazy as MEME, but it will definitely be a stable and growing sector.
With the market recovery, various on-chain ecosystems will gradually start to compete, and funds are about to begin flowing back and forth within these cross-chain protocols...
➤ Which cross-chain project do you have more confidence in?
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 potential.
Therefore, Brother Bee has compiled the FDV of these five projects: LayerZero, Wormhole, Axelar, Debridge, and Celer, along with the ratio of cross-chain trading volume and transaction count, in order to identify undervalued projects.
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Trading volume and transaction count 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 revenue of cross-chain protocols are positively correlated.
The comparison clearly shows that DeBrdge ($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 transaction count is the lowest.
Besides $DBR, LayerZero ($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 exceeded that of Wormhole. However, the number of exchanges where $DBR is listed is also the least, so the potential of $DBR may be the greatest.
