No Quorum, No Fee For LZ — See You in 6!
Last Week In The Multi-Chain Ecosystem (23 - 29 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) LayerZero protocol fee switch fails to reach quorum — will remain off. Next vote is in 6 months.
2) eBTC, USDa, PEAQ, are now OFTs.
3) Wormhole and Mayan are now live on Rango.
4) $NEIRO now uses Cross-Chain Token (CCT) standard via Chainlink CCIP.
5) xPortal and Blazpay integrate LI.FI for swaps and bridging.
6) Introducing Openfort Chain Abstraction Framework (uses Polymer for onchain poofs)
Multi-Chain Ecosystem Updates
1) Security researcher raises concerns Hyperliquid's 4 validators, highlighting potential links to North Korean trading activity on the platform.
2) Over 600M has been processed via Phantom’s in-wallet swap tool (powered by LI.FI).
3) MetaMask introduces swapping without ETH on Ethereum.
4) Sui Bridge now supports $USDT transfers from Ethereum.
5) Berachain Teases Q5 Mainnet Launch.
Interesting Reads
1) Pod: 2024 Interop Recap: Winners, Losers, & Surprises
2) Interoperability of Tokenized Assets (Northern Trust)
3) Wormhole 2024 Recap + 2025 Preview
4) Hyperlane’s 2024: Year 1, Expansion Era
5) 69 Theses: Predictions, lessons and longs for 2025
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