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Celer Network Steps Up cBridge Integration in the First Week of July

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1 year ago

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Celer Network

Celer Network has seen a lot of exciting development in recent periods. This includes plenty of partnerships, participation in a variety of events, promotions, and alike. Plus, it has been adding project after project as part of its growing network of partners who are being supported by cBridge.

In fact, on July 1st, Celer Network announced that a total of $9 billion has gone through the cBridge in the form of transactions, which is a huge milestone for the project. And, with the projects that join up with cBridge having access to some great benefits, including interoperability, no vendor lock-in, low fees, no custody, etc, it is not difficult to see why cBridge has seen so many integrations lately.

Celer cBridge implements support for 3 new projects in a week

According to Celer’s first announcement on July 5th, the project’s cBridge has successfully implemented bridging support for Ontology. With Ontology itself being fast, secure, and low-cost, the integration was welcomed by the community that can now transact USDT, USDC, ETH, and WBTC between Ethereum’s network and Ontology EVM.

Only one day after adding support for Ontology, Celer Network announced that it is also supporting the bridging of WingRiders and its token WRT via the open standard. Thanks to this move, cBridge has made it possible for crypto users to earls bridge WRT tokens between Milkomedia and BNB Chain. Again, the fact that all cBridge-related transactions are quick, secure, and low-cost has brought a lot of attention to the move.

Then finally, on July 7th, Celer Network came back with yet another exciting announcement, noting that it is supporting the bridging of Wing Finance (WING), which became its newest partner. Not only that, but Wing Finance will be connected to four other networks, including Ontology, Ethereum, BNB Chain, and OKC Network.

Celer Network price grows in July

Celer Network has seen a number of important developments in July and it has barely been over one week. Still, so much development, combined with a relative peace in the market as of right now, allowed Celer Network’s CELR to see some growth over the last week. The project was initially sitting just above the support at $0.014 at the start of the month.

However, over the last few days, the price started climbing until it reached the current level at $0.017. This is the highest CELR has been in July, although on long-term charts, the project is still performing very badly. Its ATH was at $0.18, and its current levels are among the lowest that the project has experienced.

Still, the development that Celer has seen recently is a positive sign, indicating that users are still coming to the project, and that others are interested in its technology. The price can bounce back up once the market allows it, while the development and growth in partnerships and technology is what matters most for projects like this.

To learn more visit our Investing in Celer Network guide.

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Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.