Institutions Are Here and They’re Tokenising With Interop Protocols
Last Weeks In The Multi-Chain Ecosystem (4 - 17 Nov '24)
Welcome to LI.FI’s Cross Chain Insider newsletter, a weekly curation of the major updates and announcements from the industry’s leading interop protocols and ecosystems.
Bridge Updates
1) Polymer Hub mainnet is live, delivering real-time interop to rollups.
2) LayerZero introduces lzRead, a new data primitive.
3) PayPal USD (PYUSD) integrates LayerZero.
4) M^0 is expanding its $M stablecoin to Base via Wormhole’s NTT framework.
5) 10 protocols integrate LI.FI for in-app swaps in the last few weeks.
Multi-Chain Ecosystem Updates
1) Eclipse mainnet is live. (Hyperlane is one of the main connectors).
2) Espresso Network is now live on mainnet.
3) Zerion users can now trade, mint, and create with zero gas fees on the ZERØ Network.
4) Franklin Templeton expands its $410M money market fund to Ethereum.
5) L2BEAT launches DABEAT for assessing Data Availability (DA) layers.
Intents & Chain Abstraction
1) Klaster merges with Biconomy and launches Modular Execution Environment.
2) Introducing chain abstraction framework.
3) Symbiotic integrates Omni.
4) Vooi x OneBalance: The First Chain Abstracted Perp DEX.
5) Pod: Rethinking Value Accrual in a Chain Abstracted World ft. Austin (Omni)
Interesting Reads
1) On Solver Economics (How value flows in DeFi).
2) What are we looking for when chain abstracting?
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