Introduction to Across Protocol
The cryptocurrency landscape is increasingly fragmented with numerous rollups and Layer 1 chains emerging. This fragmentation creates inefficiencies as users and liquidity become siloed across different ecosystems. Across Protocol addresses these challenges through its innovative intents-based interoperability solutions, offering faster, more secure, and cost-effective cross-chain transactions.
Key Products of Across Protocol
1. Across Bridge
Across Bridge revolutionizes cross-chain transactions through its intents-based design. Unlike traditional bridges that rely on slow and costly cross-chain messaging, Across allows users to specify desired outcomes rather than execution paths.
Key features:
- Instantaneous asset delivery: Transactions typically complete within 1-4 minutes
- Enhanced security: Relayers bear capital risk instead of end-users
- Capital efficiency: Single liquidity pool supports seven EVM chains
👉 Discover how Across Bridge works
2. Across+
Across+ is a chain abstraction tool that enables seamless protocol integration:
- Liquidity bootstrapping: Consolidates TVL across chains
- Improved UX: Single-signature cross-chain deposits
- Expanded accessibility: Users can interact with protocols from any chain
3. Across Settlement
This settlement layer optimizes cross-chain intent order flow:
- Handled over $8 billion in transactional value
- Optimized for RFQ order flow
- Modular design ensures cost-efficiency
ACX Tokenomics
- Total Supply: 1 billion ACX
- Circulating Supply: 359.4 million
- Current Price: $0.236
- Market Cap: $84.9 million
- FDV: $236.1 million
Growth Metrics and Valuation
Across Protocol has demonstrated impressive growth:
- March 2024: First $1 billion+ transfer volume month
- April 2024: 300k+ active users
- 30-day volume: $910 million
👉 Compare Across to competitors
Valuation Analysis
When comparing transfer volume to valuation:
- Current Price/Transfer Volume: 0.021
- Industry Average: 0.30
- Implied Valuation Range: $2.10-$3.35 billion (7.9x-13.2x potential)
Risks to Consider
- Competition: Highly contested interoperability space
- Chain Limitations: Currently supports 7 EVM chains
- Smart Contract Risk: Potential vulnerability to exploits
- Token Utility: ACX currently limited to governance
Future Outlook
Across Protocol is positioning itself as a leader in:
- Intents-based standardization (Uniswap partnership)
- Cross-chain settlement infrastructure
- Chain abstraction technology
Frequently Asked Questions
Q: How does Across differ from traditional bridges?
A: Across uses intents-based design where relayers compete to fulfill transactions, offering faster settlement and better security.
Q: What chains does Across support?
A: Across currently supports seven EVM-compatible chains with plans for expansion.
Q: How secure is Across Protocol?
A: The canonical asset model reduces attack vectors compared to synthetic asset bridges, though smart contract risk remains.
Q: What's the advantage of Across Settlement?
A: It optimizes cross-chain order flow through batch settlements and optimistic verification.
Q: How can developers integrate Across?
A: Through Across+'s bridge abstraction framework using specialized hooks.
Q: Why is Across considered undervalued?
A: Its transfer volume significantly outpaces its market valuation compared to competitors.
Conclusion
Across Protocol has emerged as a leader in intents-based interoperability with:
- Robust technological infrastructure
- Impressive growth metrics
- Significant valuation upside potential
As the protocol continues to expand its offerings through Across+ and Settlement Layer development, it's well-positioned to capture greater market share in the cross-chain interoperability space.