Interoperability Is Turning a Corner
Last Week In The Multi-Chain Ecosystem (1 Dec - 8 Dec '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) Union Labs raises $12M Series A round.
2) NodeKit launches DVN on LayerZero.
3) Neptune Protocol will use Hyperlane to unlock new collateral assets on Eclipse.
4) Wasabi Protocol joins Solana, powered by Wormhole.
5) DEGEN token is now an OFT, available to bridge on Stargate.
6) Jet, Pulse, Sahal Wallet, Majora integrate LI.FI.
Multi-Chain Ecosystem Updates
1) Safe introduces Safenet, a transaction processor network.
2) You can now swap tokens between Base, Solana, and Ethereum on Phantom.
3) Pudgy Penguins introduces $PENGU on Solana.
4) Starknet releases StarkGate v2.0, introducing an updated canonical bridge.
5) Phantom announces plans to support Sui.
6) Movement announces launch of Movement Network Mainnet Beta.
Intents & Chain Abstraction
1) Particle launches UniversalX, a trading platform powered by Universal Accounts.
2) Omni releases private mainnet.
3) Kamino Swap, an intents-based exchange platform on Solana. (read more)
4) Everclear approves proposal to migrate NEXT to CLEAR as the native token.
5) Squid introduces CORAL, their latest intent-based system.
6) Read: Intents are taking over DeFi
Interesting Reads
1) a16z: A few of the things we’re excited about in crypto (2025)
2) Vitalik: What I would love to see in a wallet
3) The Opinionated Application (The App-Infra Thesis)
5) Sovereignty Over Your Application’s Security Matters
6) Succinct Network whitepaper: Prove the World’s Software
7) Pod: Interoperability may be 'turning a corner' (Jon Kol, Hyperlane)
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