Thread by @CryptoGirlNova

1) Every individual wants the absolute 𝗯𝗲𝘀𝘁 𝗽𝗹𝗮𝘁𝗳𝗼𝗿𝗺 to trade in today's market.

But who's doing it best?

Who offers the lowest fees, highest security and largest cross-chain support?

Here's a 𝗰𝗼𝗺𝗽𝗮𝗿𝗶𝘀𝗼𝗻 of the most popular cross-chain bridges 🧵 👇

2) In today's market there's an abundance of different blockchain protocols.

The main issue we have is that these blockchains natively can't communicate with each other.

This makes it difficult to move assets from $ETH to $DOT for example.

Hence cross-chain bridging was born.

3) Bridges allow for data sharing between blockchains that previously had no connection.

They are the base-layer infrastructure that connects different blockchain ecosystems.

Not all cross-chain bridges introduced today are perfect though.

We are here to talk and see ↓

4) 1️⃣ @1inch

#1inch is an MLA that supports a total of 10 different blockchains.

It sources liquidity from approximately 200 sources attempting to provide the lowest cost trade possible.

Their swap engine connects DeFi users to centralized and
decentralized liquidity.

5) #1inch their pathfinder algorithm routes trades in the most efficient and cost-effective manner.

The pros in a nutshell:

• Popular
• Battle-tested
• Low fees

The cons in a nutshell:

• Only supports 10 chains

6) 2️⃣ @orion_protocol

$ORN is a chain-agnostic technology that creates an aggregated entry point into the crypto market.

Their liquidity Aggregator provides seamless and decentralized access to many different CEXs, DEXs, swap Pools and other applications in one protocol.

7) The Orion Bridge works as a peer-to-peer atomic swap bridge that lets users trade native assets across different blockchains.

Their atomic swaps allows the exchange of assets without wrapping them.

$ORN also made anm large integration with Binance bridge.

8) The pros in a nutshell:

• Truly decentralized
• Less prone to exploits

The cons in a nutshell:

• Transact in $ORN tokens
• Limited compatibility
• Broker risk

9) 3️⃣ @RangoExchange

#Rango is an example of a cross-chain DEX aggregator.

It combines the models and technologies of on-chain DEX aggregator to improve the users accessibility to liquidy.

Rango manages to connect 40 chains, 100 dex, 10 cross-chain
bridges and six wallets.

10) To manage this #Rango has implemented its own back-end technology to actually connect chains and facilitate transactions.

Pros in a nutshell:

• Huge amount of support
• Non custodial model

Cons in a nutshell:

• Pathway centralization
• Same integration vulnerabilities

11) 4️⃣ @THORChain

$RUNE primary use case is as a cross-chain decentralized exchange.

The network aims to improve the interoperability of the multi-chain space without compromising decentralization or security through third-party bridges or exchanges.

12) It also secures the protocol without needing pegged or wrapped assets.

#Thorchain serves as a unique cross-chain bridge that facilitates any-to-any token swaps.

This allows Thorchain to successfully enable cross-chain functionalities with the desirable qualities of a DEX.

13) Pros in a nutshell:

• Unique design
• cross-chain interoperability leverage
• Deploy non-utilized liquidity

Cons in a nutshell:

• Inherently complex
• Certain vulnerabilities (previously hacked)

14) 5️⃣ @MultichainOrg

$MULTI is a cross-chain bridge aiming to enhance interoperability between disparate and previously siloed blockchains and dApps.

Multichain has two mechanisms to bridge assets: cross-chain bridges and routers.

15) Cross-chain bridges first lock tokens in a secure address.

Then a smart contract mints the equivalent amount of wrapped assets on the destination chain into the user's wallet.

The router enables any asset to be transferred using $Multi's bridge infrastructure.

16) Pros in a nutshell:

• Native asset support
• Single-sided liquidity pools

Cons in a nutshell:

• Issues at low liquidity
• Third party trust

17) 6️⃣ @FinanceChainge

$Chng is the only cross-chain liquidity aggregator operating today.

#Chainge uses a universal interoperability solution that is decentralized, multi-operational and 100% secure.

18) Chainge makes this possible through their "Fusion DCRM tech".

A decentralized custodian model using the latest cryptography tech.

Developed for over a year and the only interoperability solution that has been around for as long as it has and was never hacked.

19) Pros in a nutshell:

• Simplicity for everyone
• Cross-chain liquidity aggregator
• Extremely secure

Cons in a nutshell:

• Second mover
• Only shines the most on multiple chains

20) ⭐ Conclusion

There are a lot of cross-chain bridge solutions in today's market and that's a good thing.

Many solutions mean more options to choose from.

While every protocol has their pros and cons, some might be slightly more favourable than the other.

21) I've used many different bridges in the past.

While my experience for the most part has been positive with most of them I have a slight preference towards using #Chainge for many of the reasons listed above.

Whatever you choose, you know the difference now.

Nova out ❤️

22) Ps:

I've tried to compile and summarize this comparison as briefly as possible.

I'm already at the limit of what I consider an acceptable length of a Twitter thread.

As such this thread doesn't include the whole depth of each protocol.

Do keep that in mind.

Thanks.

23) I hope you've found this thread helpful.

Follow me @CryptoGirlNova for more.

Like/Retweet the first tweet below if you can:

https://twitter.com/CryptoGirlNova/status/1657010155610075136