zkSync Era Live on LI.FI & Jumper | Visa Expands Stablecoin Settlement Capabilities to Merchant Acquirers & More!
Last Week In The Multi-Chain Ecosystem (04 - 10 Sept '23)
Welcome to LI.FI’s Cross Chain Insider newsletter, a 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) zkSync Era Now Live on LI.FI & Jumper 👏
LI.FI now supports zkSync Era:
Applications and developers can now integrate LI.FI’s API, SDK, or Widget to access liquidity on/to zkSync.
Users can bridge and swap to/from zkSync and 17+ EVM chains on Jumper.exchange.
2) Connext’s $NEXT Airdrop is Live 💪
Connext’s $NEXT was airdropped to eligible users on 5th September. Despite some early hiccups that prevented users from claiming, the token claims have now resumed.
$NEXT is a native cross-chain xERC-20 token and can be moved to any chain with 0 slippage.
3) Swell’s swETH is Now an OFT 🔥
Swell has integrated with LayerZero, turning swETH into an Omnichain Fungible Token (OFT). Users can now trade and LP swETH on Arbitrum, with other L2 supports coming soon.
4) Wombat Exchange’s Alpha Cross-chain Pool is Live 💸
Wombat Exchange has launched the Alpha Cross-chain Pool. Users can now swap USDT and USDC across BNB Chain, Arbitrum, and Ethereum.
5) Xenify Integrates LI.FI Into Cross-Chain Meta Aggregator 🤝
Xenify, a cross-chain meta-aggregator, has integrated LI.FI’s API to power cross-chain swaps. Xenify users now have access to seamless cross-chain swaps across 15+ leading chains & layer-2s, including Arbitrum, Optimism, and newly launched Base.
Multi-Chain Ecosystem Updates
1) Native USDC is Live on Optimism and Base 🔥
Circle has launched USDC on Optimism and Base, , two leading L2 scaling solutions for Ethereum built on the OP Stack.
2) Company Behind PUBG (Krafton) Plans to Launch a Cosmos Chain 💪
Josh Lee, the founder of Osmosis, announced that KRAFTON, the team behind PUBG, is launching Settlus, a new Cosmos-based chain. The main aim of this chain is to offer creators a transparent settlement system.
3) Gnosis Card is Now Live in Europe 🦉💳
Gnosis Pay launched the Gnosis Card, the first self-custodial payment card, in Europe. The team plans to launch Gnosis Card in the US, Brazil, and India.
4) Base Chain Stalls Temporarily 🤨
On 5 September, Coinbase’s Base chain experienced a delay in block production for about two hours due to the chain’s internal infrastructure requiring a refresh. The issue has been identified and remediated; the chain is operational again.
5) Token bridging to Cosmos via Wormhole Gateway is Live 👏
Bridging canonical $SOL, $SUI, $APT and $BONK to Osmosis is now live on the Portal interface, powered by the Wormhole Gateway, an application-specific blockchain that enables developers on Comsos to access seamless cross-chain liquidity.
TradFi 🤝 Crypto
1) Visa announced that it has expanded stablecoin settlement capabilities to merchant acquirers by launching pilots with Worldpay Global and Nuvei using the Solana blockchain.
2) CFTC issued an enforcement action against three DeFi protocols for offering digital asset derivatives trading. Opyn, 0x, and Deridex were ordered to pay civil monetary penalties of $250,000, $200,000, and $100,000, respectively.
3) Ark Invest and 21Shares have applied with the SEC for a spot Ether ETF. The new proposal comes as the SEC is already considering spot bitcoin ETFs and ether futures funds.
Interesting Reads
1) Blockchain Privacy and Regulatory Compliance: Towards a Practical Equilibrium — Vitalik, Ameen Soleimani, Jacob Illum, Mat Nadler & Fabian Schär.
2) SoK: Cross-Domain MEV — Rafael Belchior (Blockdaemon)
3) Micro-Rollup : A wave or just a shameless marketing term? — Kautuk (Stackr Labs)
4) Interoperability in Ethereum Rollup Frameworks: Polygon CDK, OP-Stack, ZK-Stack — Four Pillars
5) Consumer Crypto App Stack — BlockTower Capital
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