The Cross-Chain Roundup #38
Week Roundup (August 7 – August 13, 2023)
In the latest edition of The Cross-Chain Roundup, numerous developments have unfolded within the cross-chain landscape. Noteworthy highlights include KriyaDEX listing CelerNetwork's bridged tokens on SuiNetwork, and expanding cross-chain trading possibilities. Aura's integration with GnosisChain and Circle's launch of Programmable Wallets are poised to reshape the cross-chain experience. LayerZero's dominance on Fantom and Carbon Browser's integration with Cronos Chain further illustrates the momentum in this domain. Furthermore, zkLink's integration with Avalanche, Bunzz's partnership with Aurora, and the launch of Wormhole's Gateway on the Cosmos Interchain reflect the continual drive toward innovative cross-chain solutions.
From enhanced cross-chain trading accessibility to revolutionary product launches, and strategic collaborations to innovative solutions, the past week has been a whirlwind of activity shaping the future of interconnected blockchain ecosystems. Join us as we delve into the comprehensive array of developments that underscore the ever-evolving cross-chain realm.
📰 Cross-Chain Updates
KriyaDEX has taken a stride towards fostering cross-chain compatibility by adding support for CelerNetwork's bridged tokens on the SuiNetwork platform. This integration includes trading pairs such as $cUSDTe / $cUSDCe and $cUSDCe / $SUI, amplifying the accessibility of CelerNetwork's tokens across diverse chains. Through the dedicated bridging interface, traders can seamlessly engage in cross-chain transactions, unlocking new opportunities for trading Celer-bred USDC and USDT tokens. This move underscores the broader adoption of CelerNetwork's technology in enhancing cross-chain liquidity and convenience.
Aura, the cross-chain solution, has achieved another milestone by integrating with the streamlined product ecosystem of GnosisChain. Users can now seamlessly utilize Aura within Gnosis' comprehensive range of products, enhancing their cross-chain experience. The collaboration brings together the strengths of both platforms, empowering users to explore new possibilities in the cross-chain landscape.
Circle has marked a significant achievement with the launch of their pioneering Web3 services product, "Programmable Wallets." The beta version is now accessible on major blockchain platforms, including Avax, Ethereum, and 0xPolygon, enabling developers to seamlessly integrate Web3 functionalities for their users. This breakthrough empowers developers to deploy blockchain-powered experiences and crypto wallets while streamlining complex Web3 intricacies for end-users. During the beta phase, Circle collaborated closely with early adopter developers, NFT marketplaces, and payment apps to create a purpose-built wallet infrastructure, mitigating common hurdles in app launches. Circle's Programmable Wallets offer enhanced functionality, blockchain agnosticism, flexible infrastructure options, operational monitoring, and instant user accessibility.
LayerZero's assets have gained remarkable traction on the Fantom blockchain, particularly with LayerZero USDC. The data reveals that LayerZero USDC constitutes more than 75% of non-Multichain USDC in the Fantom ecosystem. This impressive adoption is spread across 16,000 unique wallets, underlining the widespread support and interest in LayerZero's offerings. The impact of other LayerZero (LZ) assets is equally substantial, signifying the platform's growing influence and value within the cross-chain landscape. As the ecosystem continues to thrive, LayerZero's dominance on Fantom showcases its significance in the broader cryptocurrency community.
zkLink, the pioneering cross-chain platform, has officially launched the integration of Avalanche, the native asset of Avalanche Network, on its Alpha Mainnet. This development allows users to seamlessly deposit, withdraw, and transact with AVAX-based assets directly on the zkLink platform, eliminating the need for bridging from Avalanche Network. The decision to integrate Avalanche stems from its reputation as a fast, scalable, and developer-friendly Layer1 blockchain with a vibrant community and unique digital assets. By linking to Avalanche, zkLink gains the capacity to aggregate liquidity across multiple chains and networks, advancing its mission to redefine DeFi through enhanced user experiences.
Bunzz, the Smart Contract Hub, has made an exciting announcement of a new partnership with Aurora Network. This collaboration enables Bunzz to extend support to the Aurora network, which leverages an Ethereum Virtual Machine (EVM) as a smart contract on the NEAR Protocol. Aurora's innovative Ethereum-compatible blockchain, running on NEAR Protocol, facilitates the groundbreaking Aurora Cloud — a swift pathway for Web2 enterprises to harness the potential of Web3. Developers can now efficiently deploy their Dapps on the Aurora network using Bunzz's user-friendly GUI, streamlining cross-chain development.
Threshold Network's tBTC has achieved a significant milestone by launching on Base, the Ethereum Layer 2 blockchain incubated by Coinbase. This integration, made possible by the cross-chain communications protocol Wormhole, empowers Bitcoin holders with enhanced access to the decentralized finance (DeFi) realm. As an embodiment of Bitcoin's core principles, tBTC aims to seamlessly integrate with Ethereum's DeFi ecosystem while preserving security and decentralization. The Base integration offers improved stability, scalability, and lower costs for tBTC users, further bridging the gap between Bitcoin and Ethereum in the evolving cryptographic revolution.
In a significant move, QuarashiNetwork has unveiled its strategic alliance with Aurora Network, marking an exciting new chapter in cross-chain collaboration. The integration expands Quarashi's support to the Aurora Network, a revolutionary Ethereum-compatible blockchain built atop the NEAR Protocol. This partnership introduces the innovative Aurora Cloud, empowering Web2 enterprises to seamlessly transition into the Web3 era. As the synergistic relationship between Aurora and Quarashi unfolds, the horizon brims with potential for groundbreaking advancements.
In a groundbreaking move, Fuji Finance has announced its strategic integration with Connext Network for the launch of Fuji's V2, aptly named Himalaya. This partnership comes as a result of Connext Network's pioneering efforts in bridging technologies, having established their presence since V1. With their recent launch of V2, Amarok, Connext Network empowers developers to construct native cross-chain applications (xApps) seamlessly. This development has fueled the excitement within the Fuji Finance team, as they prepare to leverage Connext Network's capabilities to build the world's first cross-chain money market aggregator. By utilizing Connext Network's trust-minimized bridge, Fuji Finance is set to pave the way for secure and innovative xApps on their protocol.
Wormhole Foundation has introduced "Gateway," a groundbreaking application-specific blockchain powered by Cosmos SDK, revolutionizing interchain connectivity. The Gateway project aims to foster transparency, security, and sovereignty for Wormhole's extensive network of 23+ connected blockchains across various runtimes. Leveraging Cosmos' Interchain Stack, Gateway enables users to bridge funds seamlessly across IBC-enabled chains without incurring additional fees. This innovation was unveiled at Osmoscon 2023, marking a significant stride towards the realization of the Internet of Blockchains. Gateway's integration with IBC, CosmWasm, and strategic middleware positions it as a pivotal force driving the free flow of information and value across the interconnected blockchain landscape.
1inch, the prominent decentralized exchange aggregator, has officially integrated Retro Finance into its platform. This strategic move holds significance due to 1inch's standing as the largest aggregator by trading volume. With this integration, the ecosystem anticipates a positive chain reaction: increased aggregation leading to amplified trading volume, resulting in higher fees. The generated revenue will contribute to the veRETRO lockers, promising enhanced financial well-being and satisfaction within the Retro Finance community.
Key data insights from the bridging ecosystem in the past week👇
Disclaimer: Data sourced from DefiLlama
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