The Cross-Chain Roundup #29
Week Roundup (June 05 – June 11, 2023)
Last week witnessed a turbulent period in the crypto space, with significant implications for the industry's future. Altcoins experienced a severe downturn not seen since May 2022, signaling a potentially extended crypto winter. Despite the challenging circumstances, staying focused and continuing #BUIDLING is crucial. Over the past eight weeks, a bearish trend has weighed on cryptocurrency prices, leading to the lowest market capitalization in two months. Surprisingly, Bitcoin & Ethereum remained relatively stable.
In this week's edition of The Cross-Chain Roundup, we present you with more captivating news and updates from diverse projects and platforms that are shaping the future of cross-chain interoperability. These groundbreaking advancements, from strategic partnerships to seamless integrations, are poised to transform the trading landscape, streamline asset transfers, broaden ecosystems, and elevate user experiences. So, prepare yourself for another riveting compilation of highlights that awaits you:
📰 Cross-Chain Updates
1. Sei Community Thrilled with Tatami's Web3 Game Publisher Partnership.
Hello Tatami, the first dedicated Web3 game publisher, joins Sei Community's gaming ecosystem, offering an integrated Marketplace and Launchpad. With their extensive gaming and publishing experience, Tatami provides comprehensive support for game studios and empowers builders, gamers, and collectors. Exciting times lie ahead as Sei becomes the home base for Tatami, setting the stage for a vibrant GameFi ecosystem.
2. OKX Wallet Users Gain Direct Access to Celer's cBridge Decentralized Bridge.
OKX wallet users can now connect their wallets directly on Celer's cBridge webpage, granting them access to decentralized bridge and cross-chain trading services. With support for 46 chains and the lowest fees, this integration brings enhanced convenience and opportunities for seamless crypto transactions.
3. Celer's cBridge Enables Seamless $ARB Bridging to Binance Smart Chain.
The latest update from Celer's cBridge allows users to bridge $ARB tokens from Arbitrum to Binance Smart Chain, expanding the interoperability options. This integration enables zero-slippage trading of $ARB on PancakeSwap, providing users with convenient and efficient cross-chain transactions.
4. Exponential DeFi Introduces Connext Network’s LP Pools for Cross-Chain Transfers.
Exponential DeFi's dashboard now offers Connext Network’s LP pools, ensuring no impermanent loss and enhanced security through native bridges of the chains. The initial integration with Connext Network allows users to provide liquidity for cross-chain transfers between Ethereum, Polygon, Gnosis, BSC, and other networks, earning fees while enabling fast and cost-effective transfers for others. This promises increasing yields as more integrations go live!
5. MIM Spell Introduces Omnistable with LayerZero's OFT Standard.
MIM Spell leverages the OFT Standard developed by LayerZero Labs to launch an omnichain fungible token, enabling seamless movement of $MIM stablecoins across Ethereum, Arbitrum, BNB Chain, Avalanche, Polygon, Optimism, and more. The collaboration aims to further enhance cross-chain interoperability, with future plans including cross-chain borrowing, repayment, and liquidation, paving the way for a true omnichain future. Learn more about the OFT standard for building seamless interoperability capabilities.
6. Stargate Launches $USDD Pools for Cross-Chain Bridging.
Stargate announces the live availability of $USDD pools, allowing users to bridge $USDD tokens between Ethereum and BNB Chain using their platform. Exciting quests related to $USDD are also on the horizon, promising engaging opportunities for users.
7. Celer Expands Support for Filecoin Partners with cBridge and Celer IM Integration.
Celer extends its support to Filecoin partners by including cBridge and Celer IM for their Calibration testnet. The testnet now allows bridging of $USDC, $WETH, $WBTC, $USDT, and utilization of Celer IM, empowering participants in the upcoming HackFS hackathon with a diverse range of tools for development.
8. OptyFi and Connext Forge Partnership for Cross-Chain DeFi Aggregation.
OptyFi offers users a passive vault system powered by AI technology, optimizing DeFi strategies based on individual risk profiles. Integrating with Connext via the Chain Abstraction Toolkit enables OptyFi's V2 vaults to scout and manage high-yield assets across chains, removing previous limitations. As the collaboration progresses, OptyFi aims to become a comprehensive cross-chain DeFi aggregator, providing secure fund transfers and exciting opportunities for both communities.
📊Bridge Stats
Key data insights from the bridging ecosystem in the past week👇
Bridge Volume
2. Bridge Inflows
Disclaimer: Data sourced from DefiLlama
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