WBTC Goes Omnichain!
Last Week In The Multi-Chain Ecosystem (09 Sept - 15 Sept '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) WBTC is now an OFT — BitGo selects LayerZero as official interop provider.
2) Squid 2.0 is live — 10x faster, with same-chain swaps, enhanced routing, API response time down to 500ms.
3) CeDeFiAi integrates LI.FI to power cross-chain swaps.
4) Polaris, the token portal for trading all tokens across all chains.
5) Hyberbridge secures $2.5M in funding to build ‘the endgame of interoperability.’
Multi-Chain Ecosystem Updates
1) cbBTC, an ERC20 backed 1:1 by Bitcoin (BTC) held by Coinbase, is now onchain.
2) Arbitrum Stylus is now live on mainnet.
3) OP Succinct: a method to upgrade OP Stack chains to utilize ZKPs
4) TON hits a high of 1.2m daily active wallets.
5) Announcing 1-Click Clusters: 1-click address generation across all chains.
Intents & Chain Abstraction
1) Everclear partners with TokkaLabs for intent auctions monitoring.
2) Pod: A Masterclass on Cross-Chain Intents ft. Hart Lambur (Across).
3) Pod: Why Solving Is The Biggest Onchain Opportunity In Crypto with Catalyst.
4) Read: 1inch’s whitepaper on intent-based atomic swaps.
5) Read: Chain Abstraction thesis.
Interesting Reads
1) Stargate vs. Across (ft. data on Jumper)
2) Pod: WBTC is an OFT. Why?
3) Insights into the Layer 2 landscape
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