1/ We ran an experiment on @JumperExchange to look at how CCTP fares against other solutions for $USDC transfers, starting with $100 on Ethereum.
The results will surprise you 🧵
2/ CCTP was widely expected to eat all of $USDC volume share, when it launched in mid-2023 to support native $USDC transfers between independent chains.
However, we can see that Across wins on price *and* speed—beating @circle’s canonical bridge, CCTP, when factoring gas costs.
3/ Here’s what it costs to move $100 in $USDC from Ethereum to L2s via Jumper. To head to @arbitrum, our total transfer cost (transfer fee + gas fee) came to:
2/ Our thesis is that the most valuable applications will always require solutions to transfer value across chains.
Accordingly, Across will continue to focus on building the best technology to transfer value & hyper-optimize capital efficiency.
3/ Universal Bridging enables Across to connect to any EVM-compatible chain, allowing for more routes and more supported tokens--extending Across' capital efficient design to more ecosystems and users.
1/ Are some of your Across Rewards Dashboards looking like this?
The first 100 days of our #lockedandlongACX initiative is just a few decimals away. 👀
2/ First & foremost, we want to thank all of our $ACX holders who participated in our Reward Locking program, which has been a true innovation in DeFi through tokenomic design.
Thank you for believing in us & we hope you've enjoyed your multiplier increase day by day 📈
3/ There are plenty of reasons to stay #lockedandlongACX, which we will showcase later this week through the release our public roadmap.
We've been taking advantage of the bear market and building an even better product. We can't wait to show you what we've kept under wraps.