Loftier transaction costs have been a thorn in the side of investors and developers for more than a decade and the event became worse in 2022 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels of activity across the cryptocurrency ecosystem.

Since the completion of Ethereum's London hard fork, cross-concatenation bridges and layer-ii solutions have been revised equally options for mitigating the high fees on the Ethereum network. In the past two weeks, Celer, a layer-two scaling solution that utilizes off-concatenation transaction handling to assist increase the throughput chapters of its network, has seen an uptick in user activity.

Information from Cointelegraph Markets Pro and TradingView shows that since hit a low of $0.0398 on Sept. 8, the toll of CELR has surged 400% to accomplish a new all-time high at $0.199 on Sept. 26 as its 24-hour trading book spiked to $one.27 billion.

CELR/USDT 4-hour chart. Source: TradingView

Three reasons for the toll rally in CELR are the release of the protocols cross-chain software cBridge, new integrations that have led to the expansion of its ecosystem and the increase in overall strength and need for layer-two solutions.

Cross-chain connections through the cBridge

Arguably the biggest development to come out of the Celer protocol in 2022 has been the release of its cBridge cross-chain bridging solution, which went live on the mainnet on July 22.

At the time of writing, the cBridge supports the transfer of assets between 10 different protocols, including Ethereum, Binance Smart Chain (BSC), Polygon, Fantom and Avalanche.

Networks supported by cBridge. Source: Celer Network

Data provided by Celer shows that in the 2 months since the launch of cBridge, the protocol has facilitated the transfer of more than than $242 million worth of value between networks as information technology continues to rising in popularity amongst the crypto community.

Daily transaction volume on cBridge. Source: Celer Network

Celer's ecosystem expands

A second reason for the gains seen in CELR over the past month has been the expansion of the project's ecosystem.

The launch of Optimism and Arbitrum and Celer's cantankerous-bridge integration to the layer-2 solutions are likely the primary factors backing the rally in CELR price.

When the cBridge was outset released, it supported Polygon, Ethereum, BSC, Arbitrum and Optimism. In the two months following the initial launch, information technology added support for Fantom, xDAI, Avalanche, OKExChain and Heco, effectively doubling its reach and the number of users interacting with the token.

The functionality of the protocol has as well led to a handful of integrations such as existence added to the TokenPocket and ONTO cryptocurrency wallets. CELR token was likewise listed on WOO Network and BarterTrade exchanges recent.

Related: Ethereum alternatives and layer-one solutions see steady gains in September

Increased need for layer-two solution

A third reason for the overall strength of CELR has been the increase in need and activity on layer-two protocols and data from Etherscan shows that the gas price continues to fasten higher equally Ethereum network activity increases.

Average Ethereum gas price. Source: Etherscan

Arbitrum and Optimism had their full launches within the past few months following years of development and users have now begun the process of migrating assets to these scaling solutions as DeFi protocols slowly integrate this new technology.

Every bit a way to further capture some of the energy generated following the release of Arbitrum, Celer'due south cross-chain bridge offers a work-effectually to the seven-solar day withdrawal period required when users want to migrate assets from Arbitrum back to Ethereum.

Co-ordinate to information from Cointelegraph Markets Pro, market conditions for CELR accept been favorable for some time.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market atmospheric condition derived from a combination of data points including market place sentiment, trading book, contempo price movements and Twitter activity.

VORTECS™ Score (green) vs. CELR toll. Source: Cointelegraph Markets Pro

As seen on the chart above, the VORTECS™ Score for CELR began to pick up on Sept. 7 and climbed to a high of 75 on Sept. 8, around 48 hours before the price increased by 275% over the next ii weeks.

The views and opinions expressed hither are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should comport your own research when making a conclusion.