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.
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.
Interesting Reads
1) The Untold Trade-Offs in Intent-Based Bridges.
3) Polymer — Building Bridges with IBC.
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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Thank you for this valuable and updated information