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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.