High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) và các mã thông báo không thể ăn mòn (NFT) led to record-high levels of activity across the cryptocurrency ecosystem.

Since the completion of Ethereum’s London hard fork, cross-chain bridges and layer-2 solutions have been revised as options for mitigating the high fees on the Ethereum network. Trong hai tuần qua, Rau cần tây, a layer-two scaling solution that utilizes off-chain transaction handling to help increase the throughput capacity of its network, has seen an uptick in user activity.

Dữ liệu từ Cointelegraph Markets Pro và TradingView cho thấy rằng kể từ khi chạm mức thấp $0.0398 vào tháng 9. 8, the price of CELR has surged 400% to reach a new all-time high at $0.199 vào tháng 9. 26 khi khối lượng giao dịch 24 giờ của nó tăng vọt lên $1.27 tỷ.

CELR/USDT 4-hour chart. Nguồn: TradingView

Three reasons for the price rally in CELR are the release of the protocols cross-chain software cBridge, new integrations that have led to the expansion of its ecosystem and the increase in overall strength and demand for layer-two solutions.

Cross-chain connections through the cBridge

Arguably the biggest development to come out of the Celer protocol in 2021 has been the release of its cBridge cross-chain bridging solution, which went live on the mainnet on July 22.

Tại thời điểm viết, the cBridge supports the transfer of assets between 10 different protocols, bao gồm Ethereum, Chuỗi thông minh Binance (BSC), Đa giác, Fantom and Avalanche.

Networks supported by cBridge. Nguồn: Celer Network

Data provided by Celer shows that in the two months since the launch of cBridge, the protocol has facilitated the transfer of more than $242 million worth of value between networks as it continues to rise in popularity amongst the crypto community.

Daily transaction volume on cBridge. Nguồn: Celer Network

Celer’s ecosystem expands

A second reason for the gains seen in CELR over the past month has been the expansion of the project’s ecosystem.

The launch of Optimism and Arbitrum and Celer’s cross-bridge integration to the layer-2 solutions are likely the primary factors backing the rally in CELR price.

When the cBridge was first released, it supported Polygon, Ethereum, BSC, Arbitrum and Optimism. In the two months following the initial launch, it added support for Fantom, xDAI, Tuyết lở, OKExChain and Heco, effectively doubling its reach and the number of users interacting with the token.

The functionality of the protocol has also led to a handful of integrations such as being added to the TokenPocket and ONTO cryptocurrency wallets. CELR token was also listed on WOO Network and BarterTrade exchanges recent.

Có liên quan: Ethereum alternatives and layer-one solutions see steady gains in September

Increased demand for layer-2 solution

A third reason for the overall strength of CELR has been the increase in demand and activity on layer-two protocols and data from Etherscan shows that the gas price continues to spike higher as Ethereum network activity increases.

Giá gas Ethereum trung bình. Nguồn: Etherscan

Arbitrum and Optimism had their full launches within the past few months following years of development and users have now begun the process of migrating assets to these scaling solutions as DeFi protocols slowly integrate this new technology.

As a way to further capture some of the energy generated following the release of Arbitrum, Celer’s cross-chain bridge offers a work-around to the seven-day withdrawal period required when users want to migrate assets from Arbitrum back to Ethereum.

Theo dữ liệu từ Cointelegraph Markets Pro, market conditions for CELR have been favorable for some time.

VORTECS™ Ghi bàn, độc quyền cho Cointelegraph, là một so sánh thuật toán giữa các điều kiện thị trường lịch sử và hiện tại bắt nguồn từ sự kết hợp của các điểm dữ liệu bao gồm cả tâm lý thị trường, khối lượng giao dịch, biến động giá gần đây và hoạt động trên Twitter.

VORTECS™ Ghi bàn (màu xanh lá) vs. CELR price. Nguồn: Cointelegraph Markets Pro

Như đã thấy trên biểu đồ trên, VORTECS™ Score for CELR began to pick up on Sept. 7 và leo lên cao 75 vào tháng 9. 8, xung quanh 48 hours before the price increased by 275% trong hai tuần tới.

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