Across Protocol has been gaining traction as an emerging cross-chain bridge, built on UMA’s Optimistic prediction machine. Its unique approach combines the Optimism prophecy machine, relays, and a single-sided liquidity pool to deliver decentralized and instantaneous transactions between chains.
Across achieves instantaneous cross-chain transfers because its oracle verifies transfers optimistically, focusing on not just speed but security. Unlike other bridge designs, Across bridge LPs or users are never exposed to protocol or finality risk, ensuring that users enjoy a safe bridging experience.
Having received $10 million in funding at a valuation of $200 million, and high profile backings from Hack VC, Placeholder, and Blockchain Capital, its native token is expected to wlaunch on Bitget on 24th Jul 2024.
What are your expectations for this fast growing Protocol?