I compared the data of cross-chain protocols before, and one of the conclusions of the analysis at that time was that#Debridge($DBR) was undervalued based on the data.

【Comparison】Cross-chain data of several cross-chain protocols

According to Chainalyis statistics, 69% of the stolen cryptocurrency funds in 2022 were related to cross-chain bridge attacks.

Where you fall may be where you have to climb up from. The cross-chain track has experienced 2 years of development, and its security and market size have experienced tremendous development. This may become one of the main narratives in this round of bull market.

As shown in the figure, the cross-chain transaction volume and transaction volume of the five major cross-chain projects in the past month, the past week and the past 24 hours are compared, and their FDV is divided by the cross-chain transaction volume and the number of cross-chain transactions respectively. And add a thick frame line to the number with the smallest ratio (relatively underestimated) after comparison.

Comparison:

LayerZero ($ZRO) has the highest FDV, and all six major exchanges have been launched.

Wormhole ($W) has a large cross-chain fund scale, and all five major exchanges except coinbase have been launched.

Axelar ($AXL) previously released a development stack, so it has spillover value in addition to cross-chain data. In addition to OKX, the other five major exchanges are listed.

Debridge ($DBR) From the data, FDV divided by the cross-chain capital flow and transaction number at each stage is mostly the lowest value, and the project may be undervalued. Among the six major exchanges, only bybit and bitget are listed.

Celer ($CELR) No data was found, only the number of cross-chain transactions in the past 24 hours. In addition to bybit and upbit, the other four major exchanges are listed.

Note: This article only compares cross-chain transaction data, and does not consider factors such as technology and background. Therefore, the fragmentary perspective is not enough to constitute an investment recommendation. DYOR!

The data source will be placed in the comment area.