Catalyst Lynx Testnet | Chainlink CCIP Goes Live on Base and BNB Chain & More!
Last Week In The Multi-Chain Ecosystem (25 Sept - 01 Oct '23)
Welcome to LI.FI’s Cross Chain Insider newsletter, a 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) Catalyst Launches Lynx Testnet 🔥
The Catalyst: Lynx Testnet is live. The first rollout of Lynx Testnet connects Mantle and Base. You can check out the testnet by completing Catalyst Missions to showcase the full power of the protocol.
2) MetaMask Bridges now Supports Across and Squid 💪
MetaMask has added two new bridges to their bridge feature on MetaMask Portfolio — Across and Squid.
3) Chainlink CCIP Goes Live on Base and BNB Chain 👏
Chainlink Cross-Chain Interoperability Protocol (CCIP) is now available on Base and BNB Chain.
4) Introducing Intent-Driven Interoperability via Orby and the Orb Stack 🤓
Orb Labs introduced Orby, an intent engine, and the Orb Stack, an intent-driven interop stack, to solve account fragmentation in a world of a million rollups.
5) LI.FI Partnerships and Integrations 🤝
LI.FI announced the following partnerships and integrations last week:
Mozaic, an automatic yield farming protocol using AI, has integrated LI.FI’s widget directly into its dApp.
OKX Web3 (NFT, Wallet & DeFi), now supports any-to-any swaps, cross-chain contract calls, and DEX aggregation across 14 chains via LI.FI.
Multi-Chain Ecosystem Updates
Monad is a high-performance Ethereum-compatible L1 that claims to be ‘the most performant EVM architecture to date’ with a throughput of 10,000 TPS.
Celestia announced its Genesis Drop, distributing 60M TIA (native asset of Celestia) across 7,579 developers and 576,653 onchain addresses.
3) Fhenix: The First blockchain powered by Fully Homomorphic Encryption 👏
Fhenix is the first blockchain powered by fully homomorphic encryption (FHE), enabling direct computation over encrypted data without ever revealing the data to the server. Learn more about FHE.
4) Conduit Elector: a New Standard for Sequencers 🫡
Conduit, a Rollup-as-a-Service (RaaS) provider, introduced Conduit Elector — a consensus protocol that allows any number of OP Stack sequencers to coordinate to decide which sequencer is currently producing blocks for the network.
TradFi 🤝 Crypto
1) VanEck announced it intends to donate 10% of its Ethereum Strategy ETF profits to ProtocolGuild for at least 10 years, recognizing the work of Ethereum contributors.
2) Chainlink released an industry report showcasing how ANZ Bank successfully demonstrated cross-chain tokenized asset settlement with CCIP.
3) Valkyrie announced it has received approval to add ETH futures contract to its existing bitcoin futures ETF, expected to be effective on Oct 3.
Interesting Reads
1) An Incomplete Primer on Intents
2) Why I’m Still Optimistic About Optimistic
3) Examining Rollup-as-a-Service (RaaS) Economics
4) Chimera Chains: Simplifying Cross-Blockchain Atomic Transactions
5) An Introduction to Intents and Intent-centric Architectures
Get Started With LI.FI Today
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