TON's TVL Hits Record $600M!
Last Week In The Multi-Chain Ecosystem (17 - 23 June '24)
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.
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Bridge Updates
1) LayerZero airdrops ZRO to 1.28 million wallets.
2) Layer Leap for the Orbit ecosystem — bridge directly from L1 to L3. Skip L2 entirely.
3) Stargate launches Hydra on IOTA EVM and Taiko.
4) All-time LI.FI volume hits $9 billion.
5) LayerZero introduces claiming mechanism called Proof-of-Donation.
6) Binance Labs invests in Rango.
7) Router announces strategic funding round.
Multi-Chain Ecosystem Updates
1) Introducing ZK compression to Solana.
2) TON blockchain’s TVL surges above $600 million to set record high.
3) Introducing The Bazaar, a sovereign rollup with Celestia underneath.
4) Introducing Ronin zkEVM — leveraging Polygon CDK.
5) Blast airdrop goes live this week.
Intents & Chain Abstraction
1) Particle Network raises $15 million Series A.
2) Revealing the Universal Protocol.
3) Oku, Bando, and Xellar integrate LI.FI.
4) Read — What is an intent machine (IM)?
5) Thread — Chain Abstraction ≠ Intents.
6) Spaces — Whats next for Modularity.
7) Tweet — Intent market makers are the new AMMs.
Interesting Reads
1) How I made a Bitcoin L2 in a week for ~20 bucks.
2) LayerZero Fought the Sybils and Airdropped Its Token. Did the Team Win?
3) Is Account Abstraction abstract enough?
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