W's the Buzz? Wormhole's Big Week
Last Week In The Multi-Chain Ecosystem (12 - 18 Aug '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) Native Token Transfers (NTT) via Wormhole are now live on Backpack Wallet.
2) LI.FI unlocks native BTC swaps, powered by THORChain.
3) Lido’s wstETH is live on BNB Chain with NTT, powered by Wormhole and Axelar.
4) Catalyst is now building on LayerZero.
5) deBridge Foundation and the DBR Checker live.
6) Wormhole shares roadmap.
Multi-Chain Ecosystem Updates
1) OP Labs outlines the path towards bringing native intros to the OP Stack.
2) Saga introduces Liquidity Integration Layer (LIL) for its ecosystem of chains.
3) Introducing Tandem, a partner studio by Offchain Labs.
4) NEBRA Universal Proof Aggregation (UPA) is launching on Ethereum Mainnet.
5) Swell and Ether.fi launch Bitcoin LRTs, Symbiotic introduces Bitcoin restaking.
Intents & Chain Abstraction
1) Introducing the XION Foundation and $XION token.
2) Proposal to upgrade Everclear’s $NEXT token to $CLEAR.
3) Read: Does Chain Abstraction make chains irrelevant?
Interesting Reads
1) BitVM bridges: A novel trust-minimized protocol to bridge Bitcoins to second layers.
2) Why is everyone so quiet about cross-chain honey pots?
3) Base’s Blueprint for Crypto Adoption.
4) Is everything really moving towards AppChains?
5) A deep dive into Minitswap — an Initia native system for instant bridging.
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