Overview

Snowbridge, a trustless Polkadot-Ethereum bridge, has been now been live for over a year, running successfully with no onchain issues and zero onchain downtime. With our launch, we shifted to doing extensive marketing and business development work — the main milestone in our 2024 proposal was to successfully integrate with 6 parachains and we’ve radically surpassed that milestone:

• Snowbridge now has integrations with ~24 parachains, wallets, apps, and other services across the Polkadot ecosystem.
• Snowbridge has also grown to over $75M TVL, the second highest across all protocols on the Polkadot network.
• Snowbridge has seen an additional ~$15M in growth over the last month since our last failed proposal and we expect growth to continue further through the year.
• Snowbridge has become a key piece of infrastructure for most of the top products in the Polkadot ecosystem including Hydration, Asset Hub and Mythical:

This proposal is for a roadmap for the next year that covers:

• Deploying V2, an overhaul of our protocol with many new improvements
• Adding support for major Ethereum L2 chains
• Support for single-click, multi-hop swap and bridge transactions
• Simplifying the SDK developer experience and documentation
• Optimizing our light client for faster, cheaper bridging
• Giving OpenGov new superpowers that it can use to poach liquidity from Ethereum products
• Ramping up support for stablecoins and improve the UX of stablecoin-based payment flows
• Improving our consumer-targeted marketing efforts
• Improve the decentralisation of our off-chain components