Crypto Bridges Tend To Collapse: How Uniswap Is Optimizing for Safety

The Uniswap Bridge Assessment Committee will look at eight bridges and three bridge-agnostic solutions


Aleksandra Sova/ modified by Blockworks


Uniswap has assembled a team of six engineers to evaluate bridge providers as the protocol plots expansion after a record year for bridge hacks in 2022.

The Uniswap Bridge Assessment Committee will look at eight bridges and three bridge-agnostic solutions, the protocol announced Thursday. The team is tasked with evaluating the providers and making recommendations. 

“With a focus on the needs of Uniswap governance, they will leverage this diligence to provide a short-term recommendation for how the Uniswap community might approach bridges in the coming weeks,” Devin Walsh, executive director of the Uniswap Foundation, wrote in the governance forum.

The eight bridge providers the committee will focus on are Axelar, Celer, deBridge, Hyperlane, LayerZero, Multichain, Router Protocol and Wormhole. The bridge-agnostic solutions are multi-bridge implementation, built by the Celer team; Block Header Oracle based solution, being built by the Gnosis team; and ERC-5164

Bridges in DeFi allow two or more blockchains to share data, allowing for users to participate and engage with multiple protocols and access assets across networks. The newer technology seeks to solve a major pain point for the industry, but they are also vulnerable to hacks and security breaches. Bridge-agnostic solutions are not tied to one blockchain and can be used across many protocols. 

Cross-chain bridge thefts exceeded $1 billion in 2022, according to analytics and compliance firm Elliptic. Harmony, Sky Mavis and Wormhole were among the largest to suffer blockchain exploits last year, totaling more than $100 million. 

Uniswap assembled their committee members with technical experience and high-level understanding of bridge architecture and risk points, Walsh said in the post. The protocol tapped Sean Casey, the co-chief technology officer and head of Enzyme Protocol Development at Avantgarde Finance, and Ben O’Neill, vice president of business operations at Chaos Labs — among others. 

The team plans to expand in the next few weeks, Walsh added, noting that anyone qualified can reach out to her.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png


Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.



Do Kwon may miss the start of the March 25 trial in the SEC’s case against the former executive and Terraform Labs


Riot Platforms bought 31,500 more mining machines while CleanSpark has begun operating in Mississippi


Dencun was activated on all testnets, a blog post Tuesday said


Hut 8 also announced it broke ground on a Texas mining site


Uniswap aims to become a “complete platform for swapping” following its latest product releases


Continued demand for bitcoin ETFs coupled with greater demand for bitcoin from exchanges is contributing to price moves, analysts say