nitrocourse
Module 3: Introduction to Router Nitro & its Statistics
Welcome to the Module 3 Of the Router Nitro CookBook. In this module, we’ll be Understanding what Router Nitro is and what are its Latest Statistics. Since the Launch of Router Nitro Mainnet, it has been Dominating the Industry so let’s understand how it has been doing this. Let’s Begin…
Introduction To Router Nitro
-
Router Protocol is a Solution introduced to address the issues Hindering the Usability of cross-chain Liquidity Migration in the DeFi Ecosystem. It acts as a Bridge Connecting various Layer 1 and Layer 2 Blockchains, allowing for the flow of contract-level Data across them. The Router Protocol can either Transfer Tokens between Chains or initiate Operations on one Chain and Execute them on another.
-
Router Nitro is a cross-chain Swapping Engine or Protocol Designed to enable cross-chain Asset Transfers. It serves as a Mechanism for Seamlessly moving Digital Assets or Tokens between Different Blockchain Networks.
-
Router Nitro employs a Trustless Method for managing cross-chain Asset Transfers. In this system, a Forwarder Entity delivers the Requested Asset to the user on the Destination Chain. After Confirming the Forwarder’s Successful Settlement on the Destination Chain, they can access the user’s Deposited Funds on the Source Chain.
Statistics Of Router Nitro
-
At the time of Writing, 27760+ Transactions have been made on the Mainnet of Router Nitro, with a traffic of more than 1130 unique users.
-
Within just 25 days of launch, 110+ assets have been Bridged with a Total Volume of Transactions of $17.57M.
-
To learn more about the current statistics, click here.
Chains Supported
Currently Router Nitro is Supporting 14+ Chains and Collaborating with other Chains too. At the time of Writing the supported chains are- Arbitrum, Avalanche, Base, BNB, Ethereum, Linea, Manta, Mantle, Optimism, Polygon, Polygon zkEVM, Scroll, TRON, zkSync.
Conclusion
In Conclusion, Module 3 has provided an insightful Introduction to Router Nitro and highlighted its Statistics since the launch of its Mainnet. Router Nitro serves as a Crucial Solution addressing the Challenges faced in cross-chain Liquidity Migration within the DeFi Ecosystem.
To Explore the Current Statistics and Track the Progress of Router Nitro, users can visit the Official Explorer at Router Nitro Explorer.
As we move forward in the cCurse, we will Delve Deeper into the Technical Aspects and Practical Applications of Router Nitro, equipping Participants with the knowledge and skills to Leverage its Capabilities Effectively in the Blockchain Ecosystem.
Quiz
Play Nitro Quiz and earn Rewards.
Share Your Learnings!
Share your learnings on Twitter. Click here