The Cross-Chain Roundup #37
Week Roundup (July 31 – August 6, 2023)
Welcome to another edition of The Cross-Chain Roundup, your weekly most-trusted source for the latest updates in the cross-chain ecosystem. In this week's issue, we bring you a diverse array of groundbreaking announcements and advancements that highlight the rapid evolution of cross-chain technology. From pioneering testnet token distribution to strategic partnerships fostering cross-chain trading experiences, the cross-chain landscape is thriving with innovation. Explore the integration of cutting-edge technologies, network expansions, and user-centric solutions that are driving the future of cross-chain connectivity.
Join us as we delve into the most recent developments, partnerships, and integrations that are shaping the future of cross-chain connectivity. Let's uncover the most exciting developments in the ever-evolving cross-chain ecosystem and bridge the gap between blockchain networks as we unravel the potential of a seamlessly interconnected decentralized future.
📰 Cross-Chain Updates
In a momentous stride towards inclusivity, World Mobile Token ($WMT) makes a strategic move by bridging to the BNB Chain ecosystem, home to the highest number of daily active users across all blockchains. Beyond bolstering the interoperability and liquidity of $WMT, this move provides robust support for the continuous growth of the AyA sidechain. This exciting cross-chain bridge unleashes new possibilities, fostering collaboration and innovation among blockchain communities, and propelling the growth of an all-encompassing mobile ecosystem. With this groundbreaking development, World Mobile Token sets a remarkable precedent for a more interconnected and accessible blockchain landscape, promoting the collective spirit of building together.
Aura Finance has cast its vote for cross-chain deployment on Gnosis Chain, marking its fourth expansion after successful rollouts on Arbitrum, Optimism, and Polygon PoS. The proposed deployment holds immense potential, enabling users to deposit BPTs on Gnosis Chain for cross-chain veBAL delegated boosts and bridging AURA tokens from the Ethereum mainnet to Gnosis Chain. With Balancer's rapid growth on the chain, attracting over $20M in TVL and an impressive 19% increase in the past month, Aura's expansion comes at a strategic time. Gnosis Chain's surge in daily transactions and active addresses, boasting over 16K daily active users and a highly decentralized validator set, creates an ideal environment for Aura and other DeFi protocols to thrive and contribute to a vibrant cross-chain DeFi ecosystem.
Clearpool, the decentralized lending marketplace, has taken a significant step towards cross-chain interoperability by expanding its services to Polygon zkEVM. This move allows users to experience high-speed transactions, increased funding diversification, and enhanced capital efficiency, aligning with Clearpool's multichain protocol goals. With this integration, Clearpool broadens its ecosystem, catering to a diverse range of users seeking cost-effective and seamless cross-chain DeFi solutions. Notably, market makers Fasanara and Portofino have already established permissionless lending pools on Polygon zkEVM, reinforcing Clearpool's presence on its third blockchain solution alongside Ethereum mainnet and Polygon PoS.
Sprynt announces the official launch of its cross-chain and decentralized payment tools on the lightning-fast, cost-efficient, and eco-friendly BNB Chain. This game-changing deployment brings a range of cutting-edge payment tools, including 1-click checkout, pay links, and subscriptions, offering users seamless and secure transactions across multiple blockchain networks. As BNB Chain continues to impress with its speed, affordability, and sustainability, Sprynt's integration amplifies the platform's potential and enhances the overall cross-chain ecosystem. Sprynt has also integrated its decentralized cross-chain payment infrastructure with Fantom enabling all builders on Fantom to seamlessly collect, send & manage Web3 payments.
Exciting news for the crypto community as Decent.xyz introduces The Box, a revolutionary platform built on Stargate Finance's composability. Leveraging Stargate's omnichain liquidity transport protocol, The Box empowers users with one-click cross-chain checkouts for seamless NFT purchases, making the future of cross-chain transactions a reality. With The Box, Decent.xyz aims to connect audiences by bridging the gaps between rollups, offering single-click checkout support for any token on any chain, and eliminating fragmentation in the DeFi space. As The Box facilitates transactions with any token across any chain, developers can integrate one-click checkout into their dApps, expanding their addressable audience and embracing the power of cross-chain interoperability.
Coinbase, the renowned crypto exchange, takes a significant step into the Layer 2 market with the introduction of Base, a Layer 2 solution aiming to enhance scalability and reduce costs while maintaining security. In a pivotal move, deBridge has integrated with Base to provide high-performance cross-chain trading and interoperability between Base and all supported chains. This strategic collaboration allows decentralized applications access to Coinbase's vast user base and developer tooling, unlocking new opportunities for innovation in the crypto space. deBridge's solution enables native cross-chain trades to and from Base, offering faster transactions, higher capital efficiency, guaranteed rates, MEV protection, and a seamless experience without the limitations of traditional bridging infrastructures. Synapse has also gone live on Base, providing users with access to a highly liquid pool for seamless bridging. With the ability to bridge to and from Base from any of the 20 supported chains, Synapse empowers users with enhanced cross-chain capabilities and broader market access. By leveraging Synapse Labs' protocol, users can participate in the most liquid pool on Base, earning yield while bridging assets.
As of today, Wormhole, the cutting-edge interoperability protocol, unlocks bidirectional bridging capabilities, enabling seamless transactions both to and from Base Mainnet. With support for over 20 connected blockchains across 6 runtimes, Wormhole empowers users with enhanced cross-chain connectivity and a wider range of interoperable options. Users can initiate bridging today using Portal or any dApp integrated with Wormhole Connect, ensuring a smooth and efficient experience for cross-chain transactions. This significant development marks a major step forward in bridging blockchain networks and fostering a more interconnected ecosystem.
In a significant move towards enhancing DeFi experiences, the 1inch Network has announced an exciting partnership with Ground X, an affiliate of South Korean Internet giant Kakao. The collaboration kicks off with the integration of the 1inch Swap API into Klip, a multichain mobile wallet introduced by Ground X. Klip, accessible within KakaoTalk, engages a vast portion of the South Korean population and supports networks like Klaytn, Ethereum, and Polygon. The integration of the 1inch Swap API aims to provide Klip users with optimized token swap paths, offering them enhanced trading experiences and access to the best rates across multiple DEXes. This partnership underlines the commitment of both entities to broadening their presence in the APAC region and fostering innovation in the cross-chain trading landscape.
📊Bridge Stats
Key data insights from the bridging ecosystem in the past week👇
Bridge Volume
Bridge Inflows
Disclaimer: Data sourced from DefiLlama
📜Interesting Reads
Unlocking High-Performance Cross-Chain Trading: Embracing the Asynchronous Paradigm.
What is a cross-chain swap, and why are they so important to the future of Web3?
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