The Ethereum-BounceBit cross-chain bridge has surpassed $120 million in locked assets just one week after launch, signaling strong demand for cross-chain DeFi opportunities.
The bridge allows users to transfer BB, BTC, and stablecoins between BounceBit and Ethereum with minimal fees and near-instant settlement. This has enabled a wave of new liquidity mining strategies, particularly in BB/ETH pairs on decentralized exchanges.
According to on-chain analytics, more than 60% of bridge activity has been driven by liquidity providers moving assets to take advantage of higher APY opportunities on BounceBit. The other 40% consists of Ethereum-based DeFi users testing BounceBit’s staking and yield farming options for the first time.
Security has been a major focus for the bridge launch. BounceBit’s development team partnered with two top-tier blockchain auditing firms to review the bridge’s smart contracts before deployment, and an ongoing bug bounty program remains in place to encourage community security contributions.
The rapid adoption of the bridge is a strong indicator that BounceBit’s multi-chain expansion strategy is working. With future bridges to Solana and Arbitrum in development, the network is positioning itself as a central hub for cross-chain BTC and BB liquidity.
