Connecting Distributed Ledgers: Surveying Novel Interoperability Solutions in On-chain Finance
Fuente:
arXiv
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| Formato: | Preprint |
| Publicado: |
2026
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| _version_ | 1866913021987651584 |
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| author | Sevim, Hasret Ozan |
| author_facet | Sevim, Hasret Ozan |
| contents | This paper emphasizes the critical role of interoperability in enabling efficient and secure communication for the fragmented distributed ledger ecosystem, particularly within on-chain finance. The purpose of this study is to streamline and accelerate empirical research on the intersection of cross-chain interoperability solutions and their impact within on-chain finance. The analysis examines the relationship between financial use and interoperability while comparing the properties of novel cross-chain interoperability protocols (LayerZero, Wormhole, Connext, Chainlink Cross-Chain Interoperability Protocol, Circle Cross-chain Transfer Protocol, Hop Protocol, Across, Polkadot, and Cosmos), focusing on their design, mechanisms, consensus, and limitations. To encourage further empirical study, the paper proposes a set of network metrics and sample statistical models and provides a framework for evaluating the performance and financial implications of interoperability solutions. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2603_21797 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | Connecting Distributed Ledgers: Surveying Novel Interoperability Solutions in On-chain Finance Sevim, Hasret Ozan Cryptography and Security Emerging Technologies Econometrics Statistical Finance This paper emphasizes the critical role of interoperability in enabling efficient and secure communication for the fragmented distributed ledger ecosystem, particularly within on-chain finance. The purpose of this study is to streamline and accelerate empirical research on the intersection of cross-chain interoperability solutions and their impact within on-chain finance. The analysis examines the relationship between financial use and interoperability while comparing the properties of novel cross-chain interoperability protocols (LayerZero, Wormhole, Connext, Chainlink Cross-Chain Interoperability Protocol, Circle Cross-chain Transfer Protocol, Hop Protocol, Across, Polkadot, and Cosmos), focusing on their design, mechanisms, consensus, and limitations. To encourage further empirical study, the paper proposes a set of network metrics and sample statistical models and provides a framework for evaluating the performance and financial implications of interoperability solutions. |
| title | Connecting Distributed Ledgers: Surveying Novel Interoperability Solutions in On-chain Finance |
| topic | Cryptography and Security Emerging Technologies Econometrics Statistical Finance |
| url | https://arxiv.org/abs/2603.21797 |