The State of Cross-Chain Interoperability In 2024
The report covers the market landscape, current trends, and challenges of blockchain interoperability while making predictions about how cross-chain communication will evolve in 2025 and beyond.
Interoperability In Focus
Latest Insights Into Cross-Chain Tech
Interoperability overcomes fragmentation in blockchain networks, unifying isolated blockchain islands into a cohesive ecosystem.
The Cross-Chain Interoperability Trends Report includes the fundamentals, market value, current trends, and future predictions of the leading technologies. It guides investors, innovators, and developers who are curious about shaping interoperability’s future to make realistic decisions.
More Liquidity
As of October 2024, the total value locked (TVL) across a total of 43 interoperability protocols sits at $8 billion
Address Growth
Circle CCTP and IBC dominate in terms of active addresses, with over 1.5 million monthly active addresses each.
Expanding Networks
IBC has the most connected chains at 117 chains, followed by LayerZero with 93 chains.
Security Challenges
A total of $1.28 billion has been lost in exploits from July 2021 till Aug 2024.
- •Granular analysis and comparison of different interoperability protocols
- •Increased focus on user experience and scalability in the future
- •Rising trends like Zero-Knowledge Proofs (ZKPs) and intent-centric approaches
- •Security, user experience, and extensibility challenges
- •The future potential of key technologies powering secure interoperability
Documentation
Overcome Fragmentation Without Compromising UX and Security
Innovation in blockchain technologies is shaping a new future with powerful applications that aggregate the strengths of multiple blockchains. This opens up new opportunities for investors and innovators to collaborate and develop scalable decentralized platforms.
The Cross-Chain Interoperability Report 2024 predicts emerging opportunities and future trends.
Get your report to make informed decisions.