A Week of Did That Really Just Happen?
Last Week In The Multi-Chain Ecosystem (19 - 25 Aug '24)
Welcome to LI.FI’s Cross Chain Insider newsletter, a weekly curation of the major updates and announcements from the industry’s leading cross-chain protocols and blockchain ecosystems.
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Bridge Updates
1) Axelar and OpenZeppelin announce partnership:
Axelar will integrated into OpenZepellin libraries and Contracts Wizard.
Interop Labs and OpenZeppelin to collaborate on interop EIPs for EVM chains.
2) The hat stays on — WIF is now an OFT.
3) Gravity goes live with Stargate’s Hydra for USDC, USDC, and ETH bridging.
4) Rabby, Ionic, Tivel, integrate LI.FI to power in-app swaps and bridging.
5) Superbridge for tokens — customizable bridge UIs for specific tokens.
Multi-Chain Ecosystem Updates
1) Introducing Corn, the first Ethereum L2 that uses Bitcoin as the gas token.
2) Sony launches Soneuim, an Ethereum L2 on the OP stack.
3) Introducing Conduit Marketplace — instant distribution to every chain on Conduit.
4) Introducing Puffer UniFi — a Based rollup that aims to unify Ethereum.
5) Institutional adoption for Avalanche:
Franklin Templeton’s BENJI is now on Avalanche.
Grayascale introduces Avalanche Trust ($AVAX).
Intents & Chain Abstraction
1) Optimism adopts ERC-7683 standard for cross-chain intents.
2) Flashbot launches Toliman on testnet, the first testnet for SUAVE.
3) Klaster demo’s AbtraktAAVE ft. Biconomy and LI.FI.
4) ParaSwap intent-based trading protocol is live.
Interesting Reads
1) There Is Nothing New Under The Sun (winter is coming for intents)
2) Why a high throughput L2 can capture demand for most applications.
3) L2BEAT on OP Mainnet disabled fault proof system.
5) Presentations from the Chain Abstraction Meetup.
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