• Coinbase (NASDAQ: ) and FTX are tech alternatives for avoiding crypto bridges.
• Over $1 billion was spent on hacking attacks like Wormhole or Ronin Bridge.
• Maple may expand its market reach by partnering with other networks like.

As an alternative to cryptocurrency bridges, crypto networks and businesses are developing next-generation technology. This comes in response to the increasing hacking issue surrounding swap bridges within the crypto-verse. Over $1 billion has been spent on hacking attacks like Ronin bridge and Wormhole.

Coinbase and FTX, two examples of cryptocurrency platforms that have strengthened their technology to offer their users a secure bridge across various blockchains. The platform allows users to transact securely with other gaming platforms and networks. Technology used to remove bridges is demonstrated by the FTX marketplace.

There are many other platforms available in this space, plus the ones mentioned. Maple, an exchange that was launched in, has created a blockchain version to aid users with avoiding bridges.

Maple Finance’s CEO Sid Powell said:

“The institutional and the corporate partners that we’ve dealt with really wanted this security. As security and performance of decentralized bridges get better, more people will likely begin to use them.”

Maple has been discussing expanding their network to include Avalanche. Maple, through this initiative will not only be able expand its reach in Solana but also the Avalanche communities.

However, the blockchain technologies are not designed to replace swap bridges. The community can choose what suits them best. However, it is important to do extensive research on cryptocurrency before you invest. These will enable users to prevent unexpected losses, which is common within the cryptocurrency space.

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