Phantom's Cross-Chain Swapper w/ LI.FI | Circle's Bridged USDC Standard & More!

Last Week In The Multi-Chain Ecosystem (20 - 26 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) Circle Introduces Bridged USDC Standard.

EVM blockchains & rollup teams can now deploy a bridged USDC token contract with optionality for Circle to upgrade to native issuance in the future.

Bridged USDC standard integration is live on Scroll and Linea.

2) Synapse now supports Solana.

Their Solana implementation currently uses deBridge in the backend.

3) HTX and Heco Cross-Chain Bridge compromised hacked for ~97M.

4) TeleportDAO exploited — exploiter swapped $197K in TELEBTC tokens to MATIC.

5) Cross-Chain Transfer Protocol (CCTP) is going live on Noble this week.

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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 Introduces Cross-Chain Swapper.

Users can bridge across Ethereum and Solana right in Phantom. The in-wallet cross-chain swap feature is enabled via LI.FI, which uses Allbridge currently.

2) Blast: Ethereum L2 with native yield (Blast responds to security concerns).

3) Uniswap X Volume has surpassed $1b since the launch.

4) Cosmos community approves capping Atom inflation rate at 10%.

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Interesting Reads

1) Towards an intent-centric topology

2) MEV & The Evolution of Crypto Exchanges: Part I

3) The L2 Paradox - or why a lack of users leads to rising costs on emergent L2s

4) Across' Intent: Aligning Market Dynamics to Achieve PMF

5) Crosschain DEXs: The Next Frontier (my key takeaways)

6) OP Labs: Preparing the ecosystem for multiple chains

7) Virtual Blockchains In The Modular Era

8) Deep dive into order flow auctions

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Get Started With LI.FI Today

For more information about the LI.FI protocol,

• Head to our link portal at link3.to/lifi

• Read our SDK’ quick start’ at docs.li.fi

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