Prime Protocol is not just a decentralized platform that aims to solve the scalability problem of DeFi by using a sharding mechanism, but it also aims to become the first natively cross-chain prime brokerage.

A prime brokerage is a specialized financial institution that provides services such as securities lending, margin financing, and trade execution to hedge funds and other institutional clients. Prime Protocol aims to provide these services to DeFi users by leveraging its cross-chain interoperability feature.

Cross-chain interoperability allows users to move assets between different blockchains, which increases liquidity and reduces fragmentation. This means that users can access a wider range of assets and markets, which is essential for a prime brokerage.

Prime Protocol plans to offer services such as lending, borrowing, margin trading, and execution across multiple chains. This will allow users to access the best prices and liquidity across different markets, without having to worry about the technical complexities of moving assets between chains.

The first step towards becoming a natively cross-chain prime brokerage is the integration of Ethereum and Binance Smart Chain (BSC). Prime Protocol has already completed this integration and plans to add more chains in the future.

In addition to its cross-chain capabilities, Prime Protocol also offers other innovative features such as privacy, governance, and staking. Privacy features such as zero-knowledge proofs and ring signatures protect user data and transactions from prying eyes. Governance features allow users to participate in the decision-making process of the network and ensure that it remains decentralized and transparent. Staking PRIME tokens allows users to participate in the network and earn rewards for validating transactions.

In conclusion, Prime Protocol is not just a scalable DeFi platform, but also aims to become the first natively cross-chain prime brokerage. Its innovative features and strong community support make it a project to watch in the coming years. As DeFi continues to grow and mature, Prime Protocol could play a significant role in shaping the future of finance.

The data provided by Flipside has been used to handle this analysis.

• The contract of Prime protocol on blockchains are:

• Ethereum-> 0xfb3330531E3f98671296f905cd82CC407d90CE97

• Arbitrum-> 0xbe54BaFC56B468d4D20D609F0Cf17fFc56b99913

• Avalanche-> 0x0cD070285380cabfc3be55176928dc8A55e6d2A7

• In this investigation, first of all, the activity of the Prime platform is investigated on various blockchains by the use of these metrics:

  • Deposit and borrow volume, average volume per user, total paid fee in USD
  • Users interacted with this program divided into borrowers and depositors
  • The utilized tokens from each blockchain have been determined
  • The TVL of prime protocol on various blockchains determined in USD

• Finally, draw a conclusion based on the outcomes of the investigation to determine the trend of utilization by various blockchains and the use of the Axelar bridge.