Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution

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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

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Źródło: https://cointelegraph.com/news/celer-celr-gains-400-after-traders-embrace-its-multi-chain-cbridge-2-0-solution

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