The Cross-Chain Roundup #39
Week Roundup (August 14 – August 20, 2023)
In this week's edition of the Cross-Chain Roundup, we bring you a comprehensive collection of cross-chain updates, developments, and breakthroughs that have been shaping the dynamic world of blockchain interoperability. From cutting-edge token rewards for on-chain actions to innovative cross-chain protocols and partnerships, the past week has witnessed an array of advancements that redefine how we interact with blockchain networks.
Connext Network introduces NEXT to empower trust-minimized cross-chain interactions, while Moonbeam introduces routed liquidity for seamless cross-chain asset movement in the Polkadot ecosystem. From innovative bridging solutions to game-changing integrations, this week’s roundup covers a spectrum of advancements shaping the cross-chain landscape. Now, let’s dive into the details.
📰 Cross-Chain Updates
In an exciting development, Celer has officially announced its integration with Scroll to introduce cBridge support for the Sepolia testnet. This collaboration empowers users and developers alike with the groundbreaking ability to utilize Celer's innovative cBridge technology for the seamless bridging of digital assets to and from the Sepolia testnet. As an influential player in the blockchain interoperability space, Celer's bridging technology opens doors to a one-click user experience that encompasses tokens, DeFi, GameFi, NFTs, governance, privacy solutions, and much more across diverse blockchain networks. Augmenting this feat is Scroll's cutting-edge approach, utilizing zero-knowledge proofs and inventive scaling design to establish a secure scaling solution for Ethereum. With both Celer and Scroll united by their dedication to advancing blockchain adoption, this integration marks a significant stride toward a more interconnected and accessible decentralized landscape.
A new era dawns in the world of decentralized ecosystems as Connext Network introduces NEXT, a revolutionary xERC20 token designed to redefine cross-chain dynamics. NEXT propels the creation of a robust, antifragile environment fostering trust-minimized interactions between chains and tokens, enriching the user experience in the realm of Web3 applications. As the cornerstone of fair utilization and governance within the Connext network, NEXT ushers in a new wave of possibilities. The Connext DAO, empowered by NEXT, takes the reins in allocating resources for protocol development and ecosystem growth. With a forward-focused approach, NEXT's future role extends to decentralizing the network further, enabling activities like routing, chain support, and token listing through NEXT staking, subject to DAO consensus.
Moonbeam has once again shaken up the blockchain landscape, introducing a groundbreaking solution to alleviate fragmentation within the Polkadot ecosystem. This innovation, termed Routed Liquidity, opens the floodgates for easy access to billions of dollars in liquidity through the Wormhole protocol. Previously, parachains on Polkadot encountered challenges tapping into external assets and user bases without engaging in independent integrations with bridge providers. The release of Moonbeam's Routed Liquidity marks an era of fluid cross-chain interactions, offering users of platforms like HydraDX the ability to import crypto liquidity from ecosystems such as Ethereum, Solana, Polygon, and Avalanche, without navigating Moonbeam directly. By enabling a cross-chain connection with Moonbeam, Routed Liquidity leverages a combination of general message passing (GMP), Polkadot's cross-consensus messaging (XCM), and Moonbeam's XC-20 technologies to revolutionize decentralized finance possibilities across Polkadot's network.
Exciting news for the decentralized finance community as Celer announces the integration of its bridged tokens with Maverick Protocol, a leading DeFi infrastructure provider dedicated to enhancing industry efficiency. Through this strategic collaboration, users gain the opportunity to participate in liquidity provision and seamless swapping of the bridged $CBUSD tokens using Celer's cutting-edge cBridge technology on the Maverick platform, operating on the acclaimed zkSync era. The integration is now live, offering users a frictionless experience to interact with cross-chain assets and maximize their DeFi activities.
Thallo, a leading climate tech company, has achieved a groundbreaking milestone by deploying a cutting-edge two-way carbon bridge onto the Celo blockchain. This technological marvel facilitates the secure transfer of carbon credits between registries and the blockchain, ushering in a new era of sustainable finance. The bridge ensures that carbon credit representations on the blockchain remain linked to their underlying credits on the registry, enabling seamless and integrated management. Thallo's innovation aligns perfectly with Celo's commitment to regenerative finance projects, showcasing the potential of blockchain technology for environmental good. By introducing interoperability and transparency to the carbon credit landscape, Thallo paves the way for a more sustainable and accessible future.
In a groundbreaking move, PWN, the versatile lending protocol, has announced its integration with the Cronos blockchain, marking a significant stride in cross-chain interoperability. The deployment of Cronos empowers users within the Cronos Chain ecosystem to leverage their assets and gain access to much-needed liquidity through PWN's innovative platform. Recognizing the gap in the Cronos dApp landscape, PWN steps in as a multipurpose solution that caters to diverse liquidity requirements. The platform's expansion to Cronos invites both major players and smaller participants to embrace the future of lending, where cross-chain possibilities redefine the lending ecosystem. With PWN's move, the vision of a seamlessly connected blockchain universe takes another step toward realization.
An electrifying announcement resonates through the blockchain space as XP.NETWORK and Aurora forge an exhilarating partnership, set to reshape the NFT realm. The dynamic collaboration introduces an unprecedented campaign that boasts of a staggering USD 200K pool in Aurora tokens. This campaign ushers in a new era of NFT bridging, promising boundless horizons for enthusiasts and collectors alike. Prepare to embark on a 12-week+ journey of discovery with Aurora Adventures, as they present an immersive experience powered by the Aurora+ blockchain platform. Learn more about this transformative multichain bridging campaign and get ready to unlock the limitless potential of NFTs.
DLN, the trailblazing high-performance cross-chain exchange, is making leaps in the realm of cross-chain trading by integrating Jupiter's robust API on the Solana blockchain. Driven by the vision of enabling fluid movement across the blockchain ecosystem, DLN's native cross-chain trading mechanism operates without liquidity pools, ensuring swift and efficient trades. By collaborating with Jupiter, a force in sophisticated routing solutions on Solana, DLN aims to revolutionize how users trade between assets across different blockchains. With Jupiter's intricate routing capabilities, DLN users gain access to an unparalleled trading experience, facilitating complex swaps and partial trades with utmost ease. This integration paves the way for a seamless cross-chain trading landscape, allowing traders to swiftly exchange any tokens on Solana while mitigating risks and ensuring optimal execution.
Eisen Labs, the pioneering force in decentralized exchange (DEX) aggregation, has unveiled its expansion to the Cronos ecosystem, cementing its role as a game-changer in cross-chain trading. By going live on Cronos, Eisen offers traders blazingly fast swap rates and an unprecedented DEX Aggregation experience that caters to both Cronos and Evmos users. The introduction of Eisen's cutting-edge trading infrastructure to app chains within the Cosmos and Layer 2 (L2) users reflects the brand's unwavering commitment to seamless, efficient, and secure cross-chain swaps. Eisen's integration with major Cronos DEXs like VVS-Finance, Fulcrom Finance, and Cronaswap further solidifies its position as a bridge connecting fragmented chains, promising a sizzling revolution in the world of decentralized trading.
The bridge is open, and the rabbit approves! Rabby Wallet has officially gone live on the Synapse platform, ushering in a new era of cross-chain accessibility. With this exciting integration, users can now effortlessly bridge funds to over 20 chains using their Rabby Wallet. The partnership between Synapse and Rabby Wallet signifies a leap forward in the mission to enhance the interoperability of blockchain networks, empowering users to navigate the multiverse of cryptocurrencies with ease. Explore the limitless possibilities and expand your reach across chains by bridging funds seamlessly on Synapse Labs today!
The cross-chain landscape just got more exciting as Across bridging goes live on zkSync! Unlock the potential of seamless asset transfers between different blockchain networks by exploring the newly launched route. With this cutting-edge integration, users can now navigate the multiverse of cryptocurrencies more efficiently, harnessing the power of zkSync's scalability and speed for cross-chain transactions. The launch of Across Bridging on zkSync is a game-changing step toward realizing the vision of frictionless interconnectivity in the blockchain ecosystem. This integration is solidifying zkSync’s commitment to fostering interoperability, empowering users to effortlessly bridge assets and data across different chains.
Key data insights from the bridging ecosystem in the past week👇
Disclaimer: Data sourced from DefiLlama
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