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A recent post by LookOnChain has shown that ZetaChain has the potential to cut gas fees by up to 83.7% compared to LayerZero. The experiment included bridging assets from Ethereum to Binance Smart Chain.
Which is Cheaper for Bridging Assets from #Ethereum to #BSC: Using #LayerZero or #Zetachain?
— Lookonchain (@lookonchain) July 22, 2024
We were pleasantly surprised to find that using #ZetaChain to bridge $USDC from #Ethereum to #BSC costs 83.7% less gas than using #LayerZero!
Using #LayerZero to bridge 10 $USDC from… pic.twitter.com/qKWh3z06FQ
Moving assets between Ethereum and Binance Smart Chain (BSC) is a key concern for developers and users. They always seek the cheapest solution. The recent comparison revealed a big advantage for ZetaChain.
First, they bridge just 10 $USDC tokens from Ethereum to BSC using LayerZero. It reportedly costs a high 0.0135 $ETH (about $47.61) in gas fees. On ZetaChain, for the same bridging, It just costs 0.0022 $ETH (about $7.87). This is an 83.7% drop in gas fees.
While the technology behind each solution differs, the results speak for themselves. Developers and users want the cheapest way to bridge $USDC between Ethereum and BSC.
About ZetaChain
ZetaChain ($ZETA) is a highly adaptable blockchain platform that features omnichain capabilities. It provides a seamless interaction and operation across a variety of Web3 blockchain networks. It provides a uniform and safe platform for users and developers to interact with the whole cryptocurrency ecosystem.
ZetaChain can bridge the gaps between different blockchain ecosystems making it a unique proposition. Its proven low gas fee structure makes it an amazing platform for crypto bridging from Ethereum to Binance Smart Chain.