Celer Network Celebrates $11.5B in cBridge Transactions

by BSC News

November 29, 2022


Celer Continues to Expand Services to New Platforms, Chains, and more.

$11.5B Moved Across cBridge

Celer Network marked a significant milestone, surpassing $11.5 billion in total cross-chain transactions via its cBridge protocol.

Launched in July 2021, cBridge provides connections among more than a dozen blockchains, including Ethereum, BNB Chain, Avalanche, Ethereum layer-two chains, etc. Its one-month volume of $314 million puts cBridge in the top 10 bridges, according to DefiLlama.

In addition to cBridge, Celer’s other main products include Inter-Chain Messaging (Celer IM) framework and Layer2.Finance. Celer continues to forge relationships with projects and blockchains throughout the crypto universe.

For example, it was recently announced that Celer is being deployed on the new layer-one chain Sei Network.

And in mid-November, dominant BNB Chain Decentralized Exchange (DEX) PancakeSwap implemented Celer IM to enable cross-chain liquidity farming across BNB Chain, Ethereum and Aptos Network.

In terms of Total Value Locked (TVL), PancakeSwap is currently the No. 3 DEX on Aptos, but in the past 30 days, its TVL has grown by more than 50%, while all the other top DEXes on Aptos have experienced double-digit declines in TVL in the past month, according to DefiLlama.

What is Celer Network:

Celer Network is the leading inter-blockchain and cross-layer communication platform in the industry. The protocol offers fast, secure, and cheap bridging between multiple chains. The Celer ecosystem comprises three unique products: inter-chain Message Framework, cBridge, and Layer2.Finance.

Where to find Celer Network:

Website | Telegram | Twitter | Discord |

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools.

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

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