The Cross-Chain Roundup #35

Week Roundup (July 17 – July 23, 2023)

Jul 24, 2023

Welcome to the latest edition of the Cross-Chain Roundup, your weekly source of updates and news from the ever-evolving world of cross-chain technology. This week, we delve into the exciting developments that are shaping the future of blockchain interoperability and driving innovation in the cross-chain space. From Coinbase International Exchange Expands Cross-Chain Accessibility to Chainlink's CCIP launch, the cross-chain ecosystem is buzzing with activity.

The following highlights showcase innovative partnerships, cutting-edge integrations, and revolutionary technologies that bridge multiple blockchain ecosystems.

Happy cross-chaining!

📰 Cross-Chain Updates

Coinbase International Exchange Expands Cross-Chain Accessibility with Multichain USDC Support.

In an exciting development for cryptocurrency users, Coinbase International Exchange has introduced multichain support for USDC (USD Coin). This expansion enables Coinbase users to deposit and withdraw USDC on multiple blockchain networks, including Arbitrum, Avalanche, Ethereum, Polygon, and Solana. By offering cross-chain compatibility, Coinbase aims to enhance the accessibility and flexibility of USDC transactions, allowing users to seamlessly interact with various decentralized finance (DeFi) platforms across different blockchains. With the integration of USDC on these diverse networks, Coinbase reinforces its commitment to fostering a more interconnected and inclusive blockchain ecosystem, empowering users to utilize USDC's stable value and utility on a broader scale.

BuildOnBeam Collaborates with LayerZero Labs to Boost Cross-Chain Asset Bridging Capabilities.

BuildOnBeam has announced a strategic partnership with LayerZero Labs to enhance cross-chain asset bridging on its platform. Through this collaboration, BuildOnBeam aims to leverage LayerZero Labs' expertise in providing essential software for seamless asset transfer across different blockchain networks. The integration of LayerZero Labs' technology will enable BuildOnBeam users to bridge new assets onto the platform more efficiently, fostering greater cross-chain interoperability. Additionally, the partnership explores omni NFTs which facilitate the management and exchange of multi-chain assets.

Fuji Finance and Gnosis Chain Collaborate to Enable Cross-Chain Lending and Borrowing.

Fuji Finance, the leading DeFi lending and borrowing aggregator, has announced its integration with Gnosis Chain. Formerly known as xDAI, Gnosis Chain is renowned for its Ethereum sidechain, compatible with the Ethereum Virtual Machine (EVM) and secured by a global network of over 100,000 stakers. Through this partnership, Fuji Finance users can now enjoy cross-chain capabilities, allowing them to seamlessly deposit, borrow, and repay loans across supported chains, including Gnosis Chain.

Prohibition Art Integrates DLN Widget, Enabling Native Cross-Chain Trades and Value Transfers.

Prohibition Art, an open on-chain generative art NFT platform, has made a strategic move to integrate the DLN Widget, allowing users to engage in swift and secure cross-chain transactions across BNB Chain, Arbitrum, Polygon, and Solana. The DLN Widget's simplicity and scalability make it easy for any application or website to implement native cross-chain trading and value transfers with just a few lines of code. Powered by DLN API, the widget provides users with faster transactions, higher capital efficiency, MEV protection, and guaranteed rates without AMM slippage. This integration also expands the possibilities for users of Prohibition Art and offers access to diverse yield opportunities across various ecosystems.

Stargate Launches Cross-Chain USDC Pool on Fantom with STG Liquidity Rewards.

Stargate has officially launched its USDC pool on the Fantom network, allowing users to earn STG rewards by providing liquidity. This new feature enables seamless USDC transfers between Fantom, Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism, enhancing cross-chain interoperability for DeFi enthusiasts. With the USDC pool now available on Fantom, Stargate solidifies its position as a leading cross-chain platform, offering users increased flexibility and utility across multiple blockchain networks. Through STG liquidity rewards, participants have the opportunity to optimize their yields and actively participate in the growing decentralized finance ecosystem on Fantom and other supported networks.

Moonbeam Empowers Cross-Chain Interoperability on Polkadot with Runtime 2401 Upgrade.

Moonbeam has announced the release of advanced interoperability features through its latest upgrade, runtime 2401. This upgrade introduces three crucial updates for developers on the platform, including a precompiled smart contract for bridging liquidity, the ability to access Moonbeam's EVM-based environment from other Polkadot parachains, and an upgraded governance process called OpenGov. The GMP precompile enables developers on other Polkadot-based chains to leverage Moonbeam's connected contracts and transfer tokens, data, and payloads across blockchains, facilitating DeFi and interoperability. With XCM to EVM, developers can initiate function calls on Moonbeam's EVM from their home chains, enabling cross-chain communication and expanding possibilities for decentralized applications.

Celer Enables Seamless Token Bridging with cBridge Support on Linea Mainnet.

Celer has announced the launch of cBridge support for the Linea Mainnet, a zkEVM L2 for Ethereum. This development marks a significant milestone in their partnership with Linea and aims to achieve seamless interoperability across various blockchain ecosystems. With cBridge integration, users can now easily transfer BNB, BUSD, AVAX, and MATIC tokens between different blockchain networks. The move unlocks the potential of web3 and contributes to the ongoing journey of scaling Ethereum. Additionally, discussions are underway to further enhance cross-chain application logics on Linea through Celer's Inter-chain Messaging Framework, promising a more interconnected blockchain ecosystem.

Pontoon Finance Integrates DLN API, Offering Lightning-Fast Cross-Chain Trading.

Pontoon Finance has announced the integration of DLN API into its cross-chain meta-aggregator, revolutionizing cross-chain trading in the DeFi space. With this integration, users can now enjoy lightning-fast and efficient cross-chain trading without the need for liquidity pools. DLN API, built on deBridge's generic messaging infrastructure, enables native cross-chain transactions that finalize within seconds, with fees as low as 4bps and without the concerns of MEV or slippage. Pontoon Finance's meta-aggregator now offers deeper liquidity by efficiently drawing from the entire market, providing users with enhanced capital efficiency on larger cross-chain trades and value transfers. The integration allows users to experience breakthrough cross-chain experiences, executing seamless trades and value transfers across chains with ease.

Chainlink's CCIP Brings Seamless Cross-Chain Interoperability to Mainnet Early Access.

Chainlink's Cross-Chain Interoperability Protocol (CCIP) has entered Mainnet Early Access on Avalanche, Ethereum, Optimism, and Polygon, offering secure and flexible cross-chain functionality. DeFi leaders, including Synthetix and Aave, have already adopted CCIP, enabling frictionless value transfers and asset interactions across multiple blockchains. CCIP's unique features, powered by Chainlink's decentralized oracle networks, set the stage for a new era of interconnected Web3 applications and open the door to mass adoption of cross-chain solutions.