Over the last couple of months, the Across market share raised considerably on all available chains. Record volume was recorded from and to the Ethereum mainnet from Polygon, Optimism, Arbitrum, zkSync and Base.
The growth in bridged volume was fueled by low fees and fast transactions, direct perks for being secured by UMA's Optimistic Oracle. The OO made lowered the fees by removing the need for on-chain validation, which improves gas efficiency and lowers the bridging costs.
The OO verifies the cross-chain transactions optimistically, which improves capital efficiency and gets funds moving more quickly The higher level of security is achieved through the Oracle decentralized design that allows anyone to raise a transaction dispute. Many of the innovations that Across enjoys in the bridging space are results of the ingenuities that UMA has pioneered in the oracle space!
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