A recent post from LookOnChain showed that ZetaChain has the potential to reduce gas costs by up to 83.7% compared to LayerZero. The experiment involved bridging assets from Ethereum to Binance Smart Chain.
What is cheaper for bridging assets from #Ethereum to #BSC: using #LayerZero or #Zetachain?
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
— Lookonchain (@lookonchain) July 22, 2024
Moving assets between Ethereum and Binance Smart Chain (BSC) is a major concern for developers and users. They always look for the cheapest solution. The recent comparison showed a big advantage for ZetaChain.
First, they bridge just 10 USDC tokens from Ethereum to BSC using LayerZero. It reportedly costs a hefty 0.0135 ETH (about $47.61) in gas fees. On ZetaChain, the same bridge costs only 0.0022 ETH (approximately $7.87). This is a decrease in gas rates of 83.7%.
While the technology behind each solution differs, the results speak for themselves. Developers and users want the cheapest way to bridge USDC between Ethereum and BSC.
About ZetaChain
ZetaChain ($ZETA) is a highly customizable blockchain platform with omnichain capabilities. It provides seamless interaction and operation over a variety of Web3 blockchain networks. It provides a unified and secure platform for users and developers to interact with the entire cryptocurrency ecosystem.
ZetaChain can bridge the gap between different blockchain ecosystems, making it a unique proposition. Its proven low gas fee structure makes it a great platform for crypto bridging from Ethereum to Binance Smart Chain.