if you are not using any bridge for some reason, here are its benefits! 😘
Benefits of cross-chain swaps:
Liquidity:
They facilitate the transfer of assets between blockchains, increasing liquidity and trading opportunities.
Diversification:
They allow for portfolio diversification and taking advantage of opportunities from different blockchain ecosystems.
DeFi Application Development:
They are essential for cross-chain decentralized finance (DeFi), enabling the creation of applications that operate on multiple networks.
Innovation:
They drive collaboration and innovation in blockchain networks, facilitating the exchange of knowledge and technology.
Scalability:
They help mitigate scalability challenges by allowing transactions to occur on multiple blockchains simultaneously.
Now, if you want to start using a bridge, you can look for Layerzero or Wormhole, the most well-known ones! 🔥😎😘