Wormhole x Axelar Multibridge Solution Wins Lido Temp Check!
Last Week In The Multi-Chain Ecosystem (22 - 28 Jan '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) Wormhole x Axelar multibridge solution has won the temp check to develop wstETH bridge for Lido DAO on BNB chain.
3) Direct to solver swaps are live on LI.FI with PropellerHeads.
4) Router Nitro is live on mainnet.
5) GMX launches BNB markets on Arbitrum GMXv2, supported by wBNB using LayerZero.
6) Polymer Labs announces $23M Series A.
7) Socket recovers 1,032 ETH following Bungee exploit.
8) Synapse releases 2024 roadmap.
9) Multibit (BRC-20 bridge) introduces NFT bridge.
10) Polyhedra will use EigenLayer restaking and dual staking for its Bitcoin zkBridge.
11) Symbiosis has integrated THORchain to offer native Bitcoin swaps.
12) Palmswap, ShapeShift (with multihop), DappRadar, Offramp.xyz, Sonar, integrate LI.FI to power their cross-chain strategies.
13) Campaign: Bridge to Base with Jumper.exchange and win a HoneyComb NFT.
Multi-Chain Ecosystem Updates
1) Polygon introduces a new thesis: aggregated blockchains.
2) Solana introduces Token Extensions.
3) Lyra and Aevo are now using Celestia for DA.
4) Lido’s wstETH goes to Mantle.
5) AIT protocol becomes a subnet on Bittensor.
Interesting Reads
1) Analysis of effectiveness of 'Coincidence of Wants' concept.
2) On wallets & new business models.
3) Aggregators are intent solver by default.
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