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The high gas fees prompted by the Ethereum network’s congestion contributed to the quick adoption and increase in TVLs of other, cheaper and higher transaction throughput-capable blockchains like Avalanche and Solana.
If you bridge BNB — Binance Smart Chain’s native BEP-20 token — to Polygon, a wrapped BNB-equivalent, ERC-20 token will be deposited to your wallet, connected to Polygon. This allows you to take advantage of potentially higher yields on farms and tap on liquidity that would otherwise not be available on the Binance Chain, for example.
Following Qureshi’s example, the role that bridges play, similarly to chain agnostic, interoperability-focused protocols like Cosmos and Polkadot is of roads that connect and allow for the connectivity between different chains.
Blue chips like Aave and Sushi followed the flow of users and forked their own projects into new ecosystems, bringing their user base with them and opening huge opportunities for new ones to use their products.
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