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The Near-Term Outlook for Chain Abstraction: Part 2

DATE POSTED:September 18, 2024

The second part of our chain abstraction report focuses on the valuation of deBridge, a vertically integrated intent-based bridging and messaging protocol. As cross-chain activity grows due to fragmented liquidity and demand for faster transfers, deBridge is well-positioned to capture a share of this market, particularly in bridging to Solana, where competition is minimal. While we expect slower growth in overall bridging volumes and reduced pricing power due to the commoditization of messaging, deBridge's dominance in Solana bridging supports a Q2 2026 fully diluted valuation (FDV) forecast of $235 million, reflecting Solana's increasing role in onchain bridging.

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