Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
$100M Moves from Solana to BNB Chain via Debridge in 7 Days

$100M Moves from Solana to BNB Chain via Debridge in 7 Days

coinfomaniacoinfomania2025/10/05 17:39
By:coinfomania

Quick Take Summary is AI generated, newsroom reviewed. Approximately $100 million flowed from Solana to BNB Chain via Debridge, accounting for 30% of Solana’s total outflows recently. Over the past 7 days, Debridge processed 72,781 transactions with a total volume of $427 million, averaging ~$61 million daily. Solana’s market cap is ~$90B; the $100M outflow reflects ecosystem shifts like profit-taking, network congestion, or DeFi rebalancing. BNB Chain’s market cap is ~$110B; inflows are driven by lower ga

Solana (SOL) transferred around $100 million to BNB Chain through Debridge in recent times, and 30 percent of all its outflow in that period. In the last 7 days, Debridge had 72,781 on-chain transactions having a volume of $427 million.

Debridge X-Chain Activity

Will be released in 2021, Debridge is a decentralized cross-chain bridge compatible with Solana, BNB Chain, Ethereum, and more blockchains. Its weekly volume of 427 million is averagely 61million per day and has approximately 10,397 per day transactions. This is a great improvement to the 2024 daily averages of $1020 million, exhibiting high adoption. A price of 170 and a market cap of 90 billion, Solana experienced an outflow of 100 million dollars as a result of which the total outflows during the past time are about 333 million dollars. Some of these factors can be profit-taking, network congestion, or DeFi rebalancing.

Cross-Chain Security or Trends

Bridges are at risk, and in 2022 2.1 billion dollars worth of hacks occurred, but the low-fee, high-liquidity model proposed by Debridge looks to help reduce this. The weekly volume which Debridge offered may be higher than that of competitors such as Wormhole. Stablecoins are very useful in such transfers as they help to move money without any risk.

Debridge recorded a volume of 427 million and 72,781 transactions within 7 days which highlights its increasing presence in cross-chain finance. The outflow of Solana of 30 percent and the inflow of BNB Chain underlines the dynamics of the ecosystem through cost and speed as well as staking rewards. Cross-chain activity is a promising idea, but it is fraught with regulatory and security risks, pointing to a maturing and volatile crypto environment.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!