Cross-chain bridges are easily going to be the most profitable business in web3 🔥

Co-founder & CEO @goldchain a gaming L3 | Space cadet on @skyoneer | MIT | Blockchain dev since 2016 | /lostfounder

That’s a good point 👌 Wallets may capture most if not all the cross-chain fees

The thing is they can quickly become commoditized as more paths between chains come online.

I would say the majority of the value accrues at the wallet layer since they abstract away the specifics of the blockchain, choose which bridge to take, get paid by the block builders and higher switching costs for end users

At least for now they are… but I expect all bridges to take small fees yet the volumes will grow exponentially

Why, is it because they also do cross chain swaps?

All ibc transfers are free

Yep but only after they find a way to NOT GET HACKED🥲

cross-chain bridges, like centralized exchanges, most likely have a turkey problem. They‘ll go great linearily for a long time until they get brutally rekt. https://i.imgur.com/tkzUTQc.jpg

Stablecoin businesses are also making bank