Embrace the Blobs — Dencun is Live on Mainnet & L2 Gas Fee Hit New Lows! (づ｡◕‿◕｡)づ

Last Week In The Multi-Chain Ecosystem (11 - 17 March '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) Ethena’s USDe and sUSDe are now OFTs, powered by LayerZero with Axelar as DVN.

2) Wrapper — swap native assets (like ETH) for wrapped versions (like WETH) & vice versa, 1:1 across any chain on Jumper.

3) Skip integrates Hyperlane’s Warp Routes.

4) Connext hits 30D volume milestone — $100 million.

5) Karak partners with Hyperlane to power its interop needs across L2s.

6) ZK + intent based bridge between zkSync and Ethereum.

7) OpenEden, a tokenized RWA investment platform integrates LI.FI.

8) XDEFI Wallet’s XDEFI token is now an InterchainToken, powered by Axelar.

9) PancakeSwap integrates Wormhole Connect.

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Multi-Chain Ecosystem Updates

1) Ethereum Dencun upgrade is now live — fees on L2s is down 50-99%.

2) Bitcoin surpasses market cap of Silver.

3) uRamp, an innovating on and off ramping solution for the Gnosis chain ecosystem — powered by LI.FI.

4) Metis launches first ever decentralized sequencer on an L2.

5) Brinkscan — the first multi-network intent explorer.

6) Berachain becomes unicorn in $69 million funding round.

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Interesting Reads

1) The Untold Trade-Offs in Intent-Based Bridges.

2) The Bitcoin L2 landscape.

3) Polymer — Building Bridges with IBC.

4) Layer 2 Be or Not 2 Be.

5) Allbridge — A Deep Dive.

6) The L2 fees competitive landscape.

7) Modular infrastructure in blockchain.

8) X Spaces — Crossing the chains: Future of Web3 Interop.

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Get Started With LI.FI Today

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