Research Summary
The article provides an in-depth analysis of Synapse, Ethereum Layer2 Bridges, and LayerZero. Synapse, a cross-chain bridge and inter-chain network, has seen significant growth, with over 1.53M users and $40B in volume. It has also seen a shift in bridge inflows, with Layer 2 solutions overtaking alternative Layer 1 EVM chains. Ethereum Layer2 Bridges, particularly zkSync, have seen a surge in ETH bridging activity. LayerZero, an omnichain interoperability protocol, has processed over 35 million messages in less than 18 months since its deployment.
Actionable Insights
- Monitor Synapse’s growth: With its user base and volume increasing, Synapse’s growth trajectory could provide investment opportunities.
- Consider Ethereum Layer2 Bridges: The surge in ETH bridging activity, particularly on zkSync, indicates a growing trend towards Layer 2 solutions.
- Keep an eye on LayerZero: LayerZero’s high message processing rate suggests a robust and efficient system, potentially making it a key player in the omnichain interoperability space.
