The market is finally starting to raise its eyebrows, and the cross-chain track may be worth paying attention to ➤ Why are you optimistic about the cross-chain track? The logic is simple. There are more than 100 Layer 1 and Layer 2 on the market, can you believe it? However, there may be fewer than 10 cross-chain interoperability projects connecting these ecosystems. At least the commonly used cross-chain interoperability projects ChainLink, LayerZero, Wormhole, Axelar, Debridge, Celer, etc., add up to less than 10. In 2021, almost only Ethereum and BSC ecosystems were more active. In 2025, there will be more Layer 1s such as Solana, SUI, Sonic, and Bear Chain, and Layer 2s such as Base and Arbitrum. The more incentivized the competition between ecosystems, the stronger the demand for cross-chain. Perhaps, the cross-chain track is not necessarily as crazy as MEME, but it must be a stable and growing track. As the market recovers, the various on-chain ecosystems will gradually begin to compete, and funds will soon begin to flow back and forth in these cross-chain protocols...... ➤Which cross-chain project is more optimistic? In fact, ChainLink, LayerZero, Wormhole, Axelar, Debridge, and Celer are all good projects. But as investors, we have to consider which project has more room for investment. Therefore, Brother Bee counted the FDV of the five projects of LayerZero, Wormhole, Axelar, Debridge, and Celer, and the ratio of the number of cross-chain transactions and transactions, in order to find undervalued projects. The trading volume and number of transactions can reflect the market size of the cross-chain product, FDV/cross-chain trading volume, similar to the price-to-earnings ratio, because cross-chain transactions and cross-chain protocol revenue are positively correlated. The comparison is clear that DeBrdge ($DBR) is the most undervalued cross-chain project. Whether on a monthly, weekly, or daily basis, $DBR has the lowest ratio of FDV to volume and number of transactions. In addition to $DBR, these ratios of Layerzero ($ZRO) are also relatively low. In fact, DeBridge's cross-chain scale is only a little lower than Wormhole's, and in February, DeBridge's cross-chain scale once surpassed Wormhole's. However, $DBR also has the fewest exchanges listed, so $DBR potential is likely to be the greatest.