Building better L2 bridging tools is key to facilitating smooth cross-chain DeFi transactions.
Helium Price Recovers & Infinaeon Crypto Bridge Draws Praise
Despite the market dip, Helium (HNT) continues a remarkable price recovery, while demand for Layer-2 bridges, such as the Infinaeon Infinity Bridge, is not slowing down. Data from CoinMarketCap shows that the recent low Helium price of $6.147 on August 26th did not last long, with an upward surge of 25% to $7.688 by August 29th.
This change of fortune is due to some on-chain development work designed to expand Helium’s DePIN capabilities. In this article, we will explore how Helium is using internal development to boost its resurgence while Infinaeon redesigns gas fees as a key USP for its ongoing presale.
Helium Announces Major Update
The update in question is Helium Mobile, recently voted on by the community in the MOBILE subDAO, through two separate Helium Improvement Proposals (HIP) – HIP 130 and HIP 131. HIP 130, also named “Data-Only Hotspots,” suggests that the Helium network should expand by using any hotspot with passpoint authentication, even if they are non-certified Helium Hotspot vendors.
The second proposal, HIP 131, is titled “Bridging the Gap Between Verification Mappers and Anti-Gaming Measures” and is designed to protect Helium’s reward system from those who might try to game it. Both HIP 130 and HIP 131 passed, receiving 96% and 99% votes in favor, respectively. As a result of these votes, the Helium price surged.
Infinity Bridge promises to collect gas fees and use them to appreciate token values.
Bridging the Gap – A New Kind of Frictionless L2 Bridge
Helium price is not the only crypto bucking the bearish trend. Infinaeon’s “Infinity Bridge” continues to grow in popularity. Thanks to its seamless low-fee conversions between ETH, Base, BNB, and Arbirtum, Infinity Bridge aims to solve the immediate problems experienced by those using Layer-2 bridges, namely high costs and complex processes. It also comes with the added benefit of smooth bidirectional conversions.
The Infinaeon team believes that its approach to bridging assets between Ethereum, BSC, and Base is more streamlined and efficient than other options, driving a better user experience, new collaborative opportunities, and the potential for further cross-chain interoperability.
Infinity Bridge aims to continue minimizing friction in asset transfers by developing even more fluidity and usability within the ecosystem while also redistributing funds generated from bridge fees through a revenue-sharing model.
The gas fee allocation model from Infinaeon distinguishes it from rivals, leveraging these transaction fees to increase token value sustainably. Rather than implementing gas fees as a necessary evil of doing business, Infinaeon aims to use them to drive value instead of extracting it. Their model uses collected gas fees to repurchase Infinaeon tokens and burn them, removing them from circulation to create scarcity and exact a deflationary effect.
During unfavorable market conditions, traditional blockchains often experience a situation where the depreciation of native assets leads to a decline in the value of other tokens. In contrast, Infinaeon is designed to try to guarantee that every token paired with it maintains a stable baseline value that will only grow.
Infinaeon’s Reimagined Gas Fees Perfect for the Long-Term
In addition to helping to appreciate token value, the design of Infinaeon’s system solves another crucial dilemma in the current cryptocurrency industry – longevity. Too many projects arrive, scale, and then crash and burn (whether intentional or due to poor design). With this new gas fee structure in place, Infinaeon plans to bring long-term sustainability and a well-defined strategy, encouraging users to stay involved in the project and allowing them to continue developing Layer-2 blockchain innovations.
Infinaeon’s Infinity Bridge aims to compete with key L2 bridge rivals, such as Across Protocol, by differentiating themselves and fixing user complaints, such as a small selection of bridgeable assets, weak community incentivization, and a complex learning curve for new users.
With Across Protocol launching just two years ago and already handling over $7bn in transactions, the Infinaeon camp is very optimistic that there’s plenty of market share to be enjoyed.
Final Thoughts
Those looking to capitalize on Infinaeon’s innovations and growing demand are invited to join their presale. Purchases can be made in ETH, BSC, ARB, BASE, MATIC, or with a debit or credit card. Tier 1 contributors will receive the dollar value of their contribution plus an additional 8% worth of tokens.
Join The Infinaeon Presale Now
Presale: https://presale.infinaeon.com/
Telegram: https://t.me/Infinaeon/
Discord: https://discord.com/invite/WSy65uAYfd
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.
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