CELR soars to a new all-time high following the launch of its cross-chain bridge that allows traders to jump back and forth between various layer-1 and layer-2 platforms.
High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem. Since the completion of Ethereum’s London hard fork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network. In the past two weeks, Celer, a layer-two scaling solution that utilizes off-chain transaction handling to help increase the throughput capacity of its network, has seen an uptick in user activity.Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.0398 on
2 cryptocurrencies to reach $10 billion market cap in May
[[{“value”:” As May 2024 unfolds, the cryptocurrency market continues to feel the ripple effects of the Bitcoin (BTC)…