The Cross-Chain Roundup #2
Week Roundup (28 November - 2 December 2022)
Welcome to the latest edition of the Swing newsletter, a weekly digest of everything that’s happening in the rapidly evolving world of cross-chain. New interoperability breakthroughs; integrations; innovative tech and much more. It’s all here, broken down into bite-size chunks for you to digest at your leisure.
This week we’ve got a lot to unpack.
📰Cross-Chain Updates
1. Stripe Releases Web3 Fiat Onramp
Payment provider Stripe has released its first web3 product. Its fiat-to-crypto onramp supports Ethereum, Solana, Ethereum, Bitcoin, and Polygon. This will make it easier for web3 projects to offer their users a fiat gateway via Stripe’s embeddable payment widget.
2. Aboard Exchange Expands to Avalanche
Aboard, a central limit order book exchange on Arbitrum, has expanded to Avalanche network. The move brings onchain perpetual swaps to the Avalanche ecosystem and features an integrated fiat onramp.
3. Pantera Invests in NEAR DEX Jumbo Exchange
Pantera Capital has announced an investment in Jumbo Exchange. The dominant NEAR DEX, Jumbo supports swaps, pooling, and staking. Jumbo recently introduced smart pools that provide homogeneous distribution of liquidity across pools and detect the most optimal opportunities for providing liquidity.
4. Axelar Network Confirms AXL Token Airdrop
Cross-chain bridge Axelar has released its long awaited token with confirmation of an airdrop to users of its protocol. Users of satellite.money, Osmosis, and Robot NFT holders in MintDAO will all be eligible for AXL.
5. Synapse Protocol Added to DeBridges.com
DeBridges.com is the leading blockchain bridges aggregator. It’s basically the subway map of blockchain ecosystems, revealing how to get from A to Z via B, C, and D. Cross-chain bridging and messaging system Synapse Protocol has now been added to DeBridges.com complete with data on TVL and 24-hour volume.
6. Uniswap Launches NFT Aggregator
Uniswap has finally made good on its Genie purchase by launching its own NFT aggregator. Seven marketplaces are supported by Uniswap’s new aggregator, allowing traders to view floor prices and bulk-buy NFTs in a single tx. Smart contract improvements should deliver trading fees 15% less than those of rival aggregators.
7. LayerZero Adds Chainlink Oracles
Chainlink’s oracles are now live on LayerZero mainnet. This will bolster the security of the LayerZero ecosystem, enabling applications to select Chainlink for pricing data. The integration will facilitate secure cross-chain messaging across LayerZero courtesy of secure oracles including those that connect to off-chain data.
8. Multichain Confirms Support for zkEVM Scroll
Scroll is building a fully EVM-compatible general-purpose zk-Rollup for scaling Ethereum. It aims to become the most developer friendly zk-based scaling solution by offering a seamless dApp migration experience between Ethereum L1 and Scroll. Cross-chain bridging protocol Multichain has integrated with Scroll’s pre-alpha testnet and confirmed that it will be supporting the zxEVM on mainnet.
9. Across Protocol Airdrops ACX and Launches Staking
Users of cross-chain Ethereum bridge Across Protocol can now claim their ACX rewards. A staking program will pay holders of the native ACX asset 18-54% APY. ACX will also be used to incentivize pooling of assets such as ETH, WBTC, and DAI.
📊Bridge Stats
Key data insights from the bridging ecosystem in the past week👇
Total Bridge Volume (7 Days) 👉 ~$1.06B
Top Bridges with the most Volume (7 Days) 👉 Multichain ~$233M
Top Protocols with the most TVL (7 Days) 👉 MakerDAO ~6.69B
Bridge Inflows by Chain
-by DeFiLlama’s Bridge Dashboard
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