The market is finally starting to recover, and the cross-chain sector might be worth paying attention to.
➤ Why is the cross-chain sector promising?
The logic is simple. Can you believe there are over 100 Layer1 and Layer2 chains in the market? Yet, there are probably fewer than 10 cross-chain interoperability projects connecting these ecosystems.
At least the commonly used cross-chain interoperability projects like ChainLink, LayerZero, Wormhole, Axelar, Debridge, and Celer add up to fewer than 10.
In 2021, only Ethereum and BSC ecosystems were relatively active. By 2025, we have added Layer1 chains like Solana, SUI, Sonic, and Bear Chain, as well as Layer2 chains like Base and Arbitrum.
The more intense the competition between ecosystems, the stronger the demand for cross-chain solutions.
Perhaps the cross-chain sector won't be as crazy as MEME tokens, but it is certainly a stable and growth-oriented sector.
With the market recovery, various on-chain ecosystems will gradually start competing, and funds will soon begin flowing back and forth through these cross-chain protocols...
➤ Which cross-chain project is more promising?
Actually, ChainLink, LayerZero, Wormhole, Axelar, Debridge, and Celer are all good projects. But as investors, we need to consider which project has more investment potential.
So, BeeBro analyzed the FDV (Fully Diluted Valuation) of LayerZero, Wormhole, Axelar, Debridge, and Celer, along with the ratio of cross-chain transaction volume and transaction count, to identify undervalued projects.
Transaction volume and transaction count reflect the market size of cross-chain products. FDV/cross-chain transaction volume is similar to a price-to-earnings ratio, as cross-chain transactions are positively correlated with the revenue of cross-chain protocols.
The comparison clearly shows that DeBridge ($DBR) is the most undervalued cross-chain project. Whether measured monthly, weekly, or daily, $DBR's FDV-to-transaction volume and transaction count ratios are the lowest.
Besides $DBR, LayerZero ($ZRO) also has relatively low ratios.
In fact, DeBridge's cross-chain scale is only slightly lower than Wormhole's. In February, DeBridge's cross-chain scale even surpassed Wormhole's at one point. However, $DBR is listed on the fewest exchanges, which means $DBR might have the greatest potential.
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