Chain Abstraction is DeFi's New Narrative
Last Week In The Multi-Chain Ecosystem (20 - 26th May '24)
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Lately, it feels like “Chain Abstraction” is the buzzword on everyone’s lips (or maybe it’s just my X feed that’s full of it). Thread, articles, and discussions are everywhere, and there’s a new wave of product launches riding the trend. Naturally, our latest newsletter is packed with all the updates on Chain Abstraction and ofcourse, some good old bridge and multi-chain action.
Let’s dive in!
Bridge Updates
1) Catalyst is now live — Swap native ETH between Optimism, Base, and Blast.
2) Stargate V2 to launch on 29.05.24.
3) Axelar Interchain Amplifier is coming to Rollkit’s sovereign rollup framework.
4) Union becomes the official interoperability partner of Berachain for all IBC assets.
5) deBridge introduces $DBR token.
6) Caddi, FoxWallet integrate LI.FI for swaps and bridging.
7) Mantle is live on Jumper.
8) Connext crosses $1B in TVL.
Multi-Chain Ecosystem Updates
1) Trustless cross-chain state access is now available for Arbitrum developers.
2) ZkSync planning on token generation this week with airdrop in middle of June.
3) Taiko announces airdrop.
4) NEAR protocol launches AI-focused incubator and investment wing.
5) Introducing OneBalance.
6) Introducing 1inch Fusion 2.0.
Interesting Reads
1) How do layer 2s really differ from execution sharding — Vitalik
2) An explanation of Union in (very) simple terms.
3) Chain Abstraction for the Modular Era.
4) Intents vs. Chain Abstraction.
5) Axelar x Chain Abstraction.
6) Chain Abstraction — The solution to fragmentation.
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