The Cross-Chain Roundup #11
Week Roundup ( January 30 - February 5, 2023)
It’s February and the crypto dream is still alive and thriving. Ethereum L2s such as Arbitrum and Optimism are buzzing with activity, Polygon is killing it on the partnership front and Avalanche Subnets are finally becoming a thing. It’s too soon to be busting out acronyms like WAGMI, but at the very least there’s a good chance we’re gonna make it to an L2 that works all of the time. And that’s progress.
With each passing week, the cross-chain ecosystem becomes better connected and more deeply integrated. Take this week’s news for example it’s all launch, launch, launch, integration, launch. Which is exactly how it should be. Strap in and we’ll take you on a whistle-stop tour of everything of note that’s happened in the cryptosphere of late.
📰Cross-Chain Updates
Calimero isn’t like other bridges. It will take you to places you’ve never been before – like to Calimero Private Shards. On Calimero Network, privacy and near-zero cost transaction fees come as standard. Now there’s a cross-chain bridge worth bothering with and it’s live on NEAR.
You can now execute cross-chain swaps between Polygon and 24 chains thanks to Squid’s integration. Its API and SDK allow developers to create Polygon applications that connect to dozens of EVM chains and Cosmos too. Pretty neat.
Optimism’s integration with Coinbase Wallet’s in-app DEX makes trading cheaper and faster than ever. With Polygon, Avalanche, Ethereum, Solana, and BNB Chain already supported, Coinbase claims that wallet users can now trade over 18,000 tokens.
It’s been a big year for Pudgy Penguins, the NFT PFP collection that you either love or hate. Pudgys, whose IP recently changed ownership in a 750 ETH deal, are now cross-chain thanks to a native bridge. This will allow holders to take their NFTs to other ecosystems starting with Arbitrum, Polygon, and BNB Chain.
Another week, another onchain derivatives platform comes onstream. Dopex will bring Atlantic Straddles and SSOVs (Single Staking Option Vaults) to the Polygon ecosystem. In addition, option buyers have the ability to borrow funds deposited to protect against liquidation.
The product of a year’s intensive development, Connext’s Amarok upgrade is finally live. It will make it easier for developers to create cross-chain applications. Users can now passively LP into the system in USDC and ETH and anyone can run a router to become an active LP. Expect to be hearing a lot more about Amarok from here on.
Following a community vote, Boba has been made the next EVM chain where Uniswap v3 will deploy. Boba Network makes use of Hybrid Compute, which connects AWS web2 services to web3, allowing for advanced smart contracts to be deployed with all the heavy lifting performed off-chain. Uniswap’s arrival will bolster Boba’s credentials as an up-and-coming L2.
App store censorship by Apple and Google is well documented. It stymies the web3 movement and forces developers to release neutered versions of their dApps to appease Apple’s stringent monetization policy. Meroku’s release of a dApp Store Kit on Polygon is as timely as it is welcome. It allows “anyone to build and launch their own EVM-compatible dApp store” and set “rules for distribution, curation, governance, branding, and pricing.” Clever stuff.
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