Phantom Teases Cross-Chain Swaps to Solana & More!

Last Week In The Multi-Chain Ecosystem (13 - 19 Nov '23)

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.

Join this community of cross-chain aficionados, subscribe below. Check out LI.FI’s research articles, follow us on X, and swap + bridge on Jumper.exchange.

Bridge Updates

1) Ondo Finance partners with Axelar to introduce the Ondo Bridge, enabling cross-chain swaps for its RWA tokens.

2) LayerZero unveils ColorTrace — an implementation of the colored coin problem with $USDV, a stablecoin backed by tokenized short-term treasuries as launch partners.

3) deBridge and bloXroute Labs partner to integrate DLN into bloXroute’s Blockchain Distribution Network.

4) Jump Trading makes cross-chain protocol Wormhole a separate business.

5) Carbon Browser, Seamless, and Swell integrate LI.FI to power their swaps and cross-chain strategies.

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Here’s a quick snapshot of the performance of DeFi strategies across bridges.

Subscribe to the ‘Weekly DeFi Report’ for more such stats.

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Multi-Chain Ecosystem Updates

1) Phantom teases cross-chain swap feature between Ethereum and Solana.

2) Over 250,000 unique users bridge to Linea in Wave 1 of DeFi Voyage Campaign with MetaMask.

3) Optimism Canyon hardfork is now live on testnet.

4) Major slashing event on the beacon chain — 100+ validators slashed.

5) JP Morgan's Onyx is partnering with Avalanche to tokenize assets, utilizing an Avalanche subnet to link portfolios with WisdomTree's tokenized assets.

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Interesting Reads

1) The horrific inefficiencies of monolithic blockchains.

2) The Crucial Role of Solvers in an Intent-Focussed Future.

3) MEV market on Solana.

4) ColorTrace: Fungible token coloring and attribution

5) 'Intents' Are Blockchain's Big New Buzzword.

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