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Activity on cross-chain bridges spiked last week, with Base, Solana, and Noble taking in the most funds, and Ethereum, Arbitrum, and Avalanche losing the most, DeFiLlama data shows . Base saw net inflows double that of the next best, Solana. The Base protocol outperformed the other solutions in cross-chain bridges last week by accumulating a net inflow of $35.6 million. According to DeFiLlama’s data, cross-chain bridges on Solana fetched $17.01 million into the blockchain’s ecosystem. In comparison, the bridges on the Noble blockchain had a net inflow of $14.67 million during the same period. DeFiLlama’s overall rating shows that only seven blockchain networks recorded positive netflows last week. Besides the three blockchains mentioned above, cross-chain bridges on Mantle, Sonic, Peaq, and Polygon make up the remaining networks with positive netflows in the past week. Related: Chainlink Cross-Chain Interoperability Protocol Goes Live on L2 Base Ethereum led the networks with the highest outflows, with $59.01 million leaving the blockchain network via cross-chain bridges during the period under review. Other top networks with significant outflows from cross-chain bridges include Arbitrum, which has a $46.44 million net outflow, and Avalanche, which had a $43.4 million net outflow. Eight blockchains had more funds leaving their networks than coming in via cross-chain bridges in the past week. Besides Ethereum, Arbitrum, and Avalanche, Bera, Sei, Blast, Linea, and Sui blockchains comprise the remaining five blockchains in this category. Sui is the blockchain with the least net outflow, having recorded only $3.46 million in net outflows last week. Looking at individual bridges, the LayerZero solution claimed the top spot in terms of volume and found implementation across over 80 networks. Related: Coinbase Resolves Solana Backlogs, CEO Commits to Scaling Infrastructure Other top solutions under this category include Hyperliquid, Polygon POS Bridge, and Circle CCTP, according to DeFiLlama’s data. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Bitget’s native token, $BGB, plays a crucial role in the platform’s ecosystem, offering multiple benefits for traders and investors. Here’s a detailed breakdown of Bitget’s tokenomics and why BGB is an essential part of the platform: 1. Total Supply of BGB 📊 The total supply of BGB is capped at 2 billion tokens, ensuring scarcity and potential value growth over time. This fixed supply helps maintain the token's value and reduces inflation, making it an attractive long-term asset for holders. 2. Utility of BGB💡 BGB isn’t just a token for trading—it’s designed to enhance the entire Bitget experience. Here’s how: Fee Discounts: Users can pay trading fees with BGB and receive discounts on trading fees across the platform. The more BGB you hold, the higher the discount! Exclusive Access: Holding BGB gives you access to exclusive features, such as VIP services, special promotions, and early access to token listings or events. Participation in Launchpad: Bitget users holding BGB can participate in exclusive token sales on the Bitget Launchpad, gaining early access to promising projects. Staking Rewards: You can stake BGB to earn rewards, either through staking pools or by participating in Bitget’s staking programs, increasing passive income potential. 3. Bitget’s Buyback & Burn Mechanism 🔥 To keep the token’s value stable and encourage demand, Bitget utilizes a buyback and burn mechanism. A portion of the platform’s profits is used to buy back $BGB from the market and burn it, reducing the total supply over time. This helps drive scarcity and supports potential price appreciation in the long run. 4. Incentive for Bitget Traders 💰 Bitget’s tokenomics aim to reward loyal traders and incentivize platform use. Traders who actively engage with Bitget’s ecosystem are rewarded with additional BGB tokens, further increasing their potential for growth and profit on the platform. 5. Governance Role 🗳️ BGB token holders have a say in Bitget’s future by participating in governance proposals. This decentralized voting mechanism allows users to influence important decisions, such as platform upgrades or changes to the reward system. 6. Liquidity and Market Making 📉📈 Bitget also uses BGB to enhance liquidity across the platform. By providing liquidity incentives, users can earn BGB as rewards while helping to stabilize the trading pairs on the exchange. Conclusion: Why BGB Matters for Bitget Users 🌍💪 With its diverse use cases, governance rights, and burn mechanisms, BGB is more than just a token—it's a vital part of the Bitget ecosystem, designed to reward users, drive platform growth, and enhance the overall trading experience. For traders, investors, and crypto enthusiasts, BGB represents a promising opportunity to gain value while supporting a platform that's dedicated to innovation and user success. Are you ready to unlock the power of $BGB? Start trading on Bitget and join the growing community today! 🚀✨ $PZP $RMV $PI $CATGOLD $JELLYJELLY $ROAM $A8 $PGPT $APU $RED $QUBIC $SOON $PEAQ $SPELL $SERSH $TOMI $WOOF $NPC $TON