Market Analysis

Bridging Market Size

• The total value locked (TVL) in cross-chain bridges surpassed $20 billion as of 2023.

• Popular bridges like Wormhole, Stargate, and Multichain facilitate millions of transactions monthly, highlighting the demand for cross-chain solutions.

• Despite high adoption, bridging fees often range from $5 to $50, creating barriers for smaller traders.

---

User Adoption

• Around 420 million cryptocurrency users globally, with more than 10% interacting with DeFi protocols like swaps, bridges, and liquidity pools.

• Bridges account for 14% of DeFi interactions, illustrating the critical role they play in multichain liquidity.

---

Decentralized Exchanges (DEXs)

• There are over 800 DEXs, including major players like Uniswap, PancakeSwap, and Raydium, generating billions in daily trading volume.

• Many smaller chains (e.g., Sui, TON, Base) have launched their own DEXs, indicating an expanding landscape for multichain trading.

---

Active Blockchain Networks

• Over 20 active blockchain networks now regularly host new token launches, including meme tokens, governance coins, and NFTs.

• Smaller chains like PulseChain and Base are gaining traction, creating new opportunities for early adopters.

---

Revenue Potential

• Cross-chain infrastructure projects generate significant revenue:

  • Multichain: $15M+ annually from bridging fees.

  • Stargate: $10M+ in protocol revenue.

• Cerebro Bot can tap into this lucrative market by offering a streamlined, user-friendly alternative to existing bridging methods.

REFERENCE APPENDIX

1. Total Value Locked (TVL) in Cross-Chain Bridges: https://defillama.com/bridges

2. Popular Bridges Facilitating Transactions: https://www.cryptoeq.io/articles/multichain

3. Bridging Fees: https://www.binance.com/research/analysis/decoding-cross-chain-interoperability

4. Global Cryptocurrency Users: https://www.chainalysis.com/blog/western-europe-cryptocurrency-adoption

5. Bridges' Role in DeFi: https://www.binance.com/research/analysis/decoding-cross-chain-interoperability

6. Number of DEXs: https://www.coingecko.com/en/exchanges/decentralized

7. Emerging DEXs on Smaller Chains: https://symbiosis.finance/blog/ton-bridge-v2-by-symbiosis

8. Token Launches on Active Blockchains: https://coinweb.com/trends/how-many-crypto-exchanges-are-there

9. Emerging Chains: https://symbiosis.finance/blog/ton-bridge-v2-by-symbiosis

10. Multichain Revenue: https://www.cryptoeq.io/articles/multichain

11. Stargate Revenue: https://app.blockworksresearch.com/research/hop-protocol-entering-the-cross-chain-messaging-war