Solana, SVM Chains & Cross-Chain Swaps w/ LI.FI & More!

Last Week In The Multi-Chain Ecosystem (31 Oct - 05 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, and follow us on X!

Bridge Updates

1) Catalyst enables ‘first ever swap between a Cosmos rollup and an Ethereum rollup’ — Connecting inEVM with Scroll Sepolia.

2) Hyperlane launches Nexus — the interface for the modular world.

3) deBridge introduces Interoperability-as-a-Service (IaaS) — interop subscription service for both EVM & SVM ecosystems.

4) Synapse launches Synapse X — routes txs through external pools like Curve, Velodrome, Uniswap, etc.

5) Router Protocol’s Nitro Testnet is live on Goerli Testnet.

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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) Arbitrum DAO has approved a proposal for ARB token holders to stake tokens in return for a yield.

2) Celestia mainnet is live — Codenamed Lemon Mint, Celestia Mainnet Beta is early and experimental.

3) Trend: Whales are actively bridging millions of DAI to deposit sDAI on Gnosis Chain.

4) Avalanche’s explorer, Snowtrace, will discontinue services from 30th Nov due to high service costs. It will be replaced by a new version run by Avascan.

5) IBC is coming to Avalanche — Landslide is building the IBC light client on Avalanche and will launch testnet on Nov 1.

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TradFi 🤝 Crypto

1) SEC charges SafeMoon and its executive team for fraud and unregistered offering of crypto securities.

2) Former FTX CEO Sam Bankman-Fried was found guilty on seven charges of fraud and conspiracy.

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Interesting Reads

1) Decoding MEV: Past, Present, Future

2) Reflecting on The Stablecoin Bridge Almanac & Bridge Token Standards

3) Bridges Mega Issue

4) A comparison of UniswapX and Jumper

5) Anoma Intents: To Infinity And Beyond

6) Why shared sequencers are a key component of the modular design space

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LI.FI Updates

1) LI.FI has integrated Allbridge to enable cross-chain swaps between EVM chains and Solana.

This is a call for users, developers, and teams to explore Solana bridging through our Staging API and contribute to making it production-ready. Details: Solana MVP Docs.

2) X Spaces — $BIFI Goes Live as an xERC20

3) OpenLiq, Transit Swap, Hyperliquid, Teahouse Finance, integrate LI.FI to power their swaps and cross-chain strategies.

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Newsletter Recommendation: The 🔴Optimist

The 🔴Optimist is a unique Newsletter on the Optimism Superchain written by users for users — if you want to learn and earn with DeFi on L2s, this is a must-follow.

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