| Brought to you by: | | | The Interchain Foundation (ICF) released its 2024 Cross-Chain Interoperability Report, offering a detailed analysis of the current state of blockchain interoperability. We bring you the key takeaways. | | | Spectra's TVL grows: | | Spectra Finance (previously APWine) is a DeFi yield trading dapp whose TVL has shot up to $225 million since December. Much like its primary competitor, Pendle, Spectra enables the trading of future fixed (principal tokens) or leveraged (yield tokens) yield. Where Spectra differentiates from Pendle is its permissionless creation of pools and use of ve-tokenomics with its native SPECTRA token. | Spectra's most popular pool at present is its PT/YT market (maturity date Feb. 22, 2025) on Resolv Labs' delta-neutral stablecoin USR. It offers a 35.3% fixed rate yield and 30.25x leverage. | — Donovan Choy | | Brought to you by: | | SKALE, the gas-free invisible blockchain, is "Built Different" for mass adoption: high-throughput, scalable, and fair. As a network of interoperable EVM-compatible L1s, SKALE's user experience focus has accelerated a strong ecosystem across gaming, AI, and more. Due to SKALE's gas-free nature, blockchain can be integrated invisibly, creating accessible Web2-like experiences for users and developers. | SKALE has: | | Dive in to learn more. | | | Cross-chain growth and challenges | The ICF's 2024 Cross-Chain Interoperability Report highlights the growth of cross-chain ecosystems, the role of key interoperability protocols and emerging trends shaping the future of decentralized networks. | As of October 2024 (the latest data the ICF included), total transaction volume across the top interoperability protocols exceeded $41 billion. Ethereum continues to dominate flows in nominal terms, leading both outflows (47.9%) and inflows (38.9%) across various blockchains. | The most active cross-chain route is from Ethereum to Arbitrum, the report notes, with a total volume of $10.7 billion. This underlines Ethereum's central position in facilitating the movement of assets between networks. | Key protocols and emerging trends | There are several major players in the cross-chain interoperability space. The ICF tallied October's total value locked (TVL) across 43 interoperability protocols at $8 billion. | In terms of connectivity, the Interchain's home-grown Inter-Blockchain Communication (IBC) protocol has led the field by connecting 117 blockchains, though more recent protocols Hyperlane (at 120 chains) and LayerZero (connecting 114 chains) have caught up. | Circle's CCTP established itself as the go-to for high volume cross-chain transactions, matching IBC for monthly active addresses upwards of $1.5 million. | A key trend identified in the report is the rise of intent-centric bridging protocols. These protocols, such as Stargate and Across, allow users to specify their desired outcomes (e.g., an asset transfer from one blockchain to another) without worrying about the underlying technical details of the transaction path. | "Intent-centric bridging protocols have emerged as the preferred method for quick and cheap cross-chain asset transfers," the report explains, thus underscoring their growing importance in improving user experience and streamlining cross-chain operations. | Future innovation and challenges | The report also points to the increasing interest in zero-knowledge proofs (ZKPs) as a tool for enhancing scalability and security in blockchain interoperability. ZKPs allow for the verification of transactions across different networks without relying on third-party validators, thus reducing costs and improving efficiency. As ZKPs continue to develop, they are expected to play a significant role in the next phase of blockchain interoperability, helping to address some of the challenges faced by existing protocols. | Fragmentation remains a significant challenge across the space. As new networks proliferate, interoperability becomes more complex. While interoperability protocols have made strides, the sheer diversity of blockchain ecosystems — including different consensus mechanisms, data structures and security models — presents barriers to seamless integration, the report notes. | Despite the progress of solutions like IBC and LayerZero, there is still no universal bridge connecting all the top chains, particularly when it comes to communication between Ethereum rollup solutions and other ecosystems. | This lack of uniformity hinders scalability as protocols designed for specific networks may struggle to adapt to others. Without addressing these fragmentation issues, the promise of a fully interconnected blockchain ecosystem cannot be realized. As the industry evolves, finding ways to connect disparate ecosystems will be critical to unlock the full potential of dapps. | — Macauley Peterson | | | Berachain speculation is wild | As the hyped Berachain L1 gears up for a mainnet launch, an astounding $1.6 billion of liquidity has been deposited into "Boyco," Berachain's pre-launch liquidity platform on Ethereum. This flood of liquidity from airdrop farmers would technically make Berachain the 10th largest blockchain by TVL today. | In the past week, four Berachain Pendle pools (by Ethena and Etherfi) have already amassed a collective $515 million in TVL. | | The largest Berachain Pendle market "liquidBeraBTC" (TVL of $271 million) is accumulating points across eight (yes, you read that correctly) different protocols, and four of them aren't even live yet. Withdrawals are also locked for 90 days on mainnet launch, but that isn't stopping airdrop farmers. This rabid pre-launch speculation makes Pendle akin to an ICO platform used by projects to bootstrap their tokens. | The YT for liquidBeraBTC is projected to return a 1,575% APY over three months, based on @PendleIntern's estimates, but beware the host of assumptions around projected FDV, TVL and airdrop allocations. | — Donovan Choy | | | This June, Permissionless IV in Brooklyn is bringing together developers, creators, and problem-solvers driving the next wave of onchain development. It's a space to exchange ideas, tackle challenges, and collaborate on the tools and protocols shaping tomorrow. | June 24-26, 2025 | Brooklyn, NY | A transformation is happening now. Be part of it. | | | |  | Paul Frambot | Morpho @PaulFrambot |  |
| |
Recent events have illustrated well how risk curation has been externalized on Morpho. Late last week, Usual made multiple announcements that significantly impacted the price of USD0+. Each risk curator reacted differently, and tbh, I was quite impressed with how they handled… x.com/i/web/status/1… | | | 9:09 AM • Jan 13, 2025 | | | | | | 166 Likes 21 Retweets | 7 Replies |
|
|  | Soneium 💿 @soneium | |
| |
Today is the day. Soneium Mainnet is LIVE! 💿 Launched by Sony Block Solutions Labs (Sony BSL), a @Sony Group company, Soneium is a Layer 2 blockchain that empowers creators, fans, and communities to protect their rights, connect globally, and build an open internet that… x.com/i/web/status/1… | |  | | | 2:11 AM • Jan 14, 2025 | | | | | | 2.99K Likes 692 Retweets | 287 Replies |
|
| |
|  | Route 2 FI @Route2FI | |
| |
Derive is launching their token tomorrow. It is a protocol that settles perpetuals and options trades. 2024 Achievements:
-Over 60% market share in onchain options
-$8.5 Billion in notional volume
-$120 Million in TVL
-$9M annual revenue run rate Some interesting stuff coming… x.com/i/web/status/1… |  Derive (formerly Lyra) @derivexyz
15.01.25 $DRV is near. Years of building, partnerships, and milestones have brought us to this moment. Let's take a moment. ↓ |
| | | 11:04 AM • Jan 14, 2025 | | | | | | 233 Likes 10 Retweets | 10 Replies |
|
|  | Vance Spencer @pythianism | |
| |
One hypothesis I want to test this year is on chain vs. on exchange buybacks MKR has been doing $100M of annual on-chain buybacks and now owns 10% of the supply While an effective accumulation mechanism, I don't believe it has had an impact on price discovery, as price… x.com/i/web/status/1… | | | 3:12 PM • Jan 14, 2025 | | | | | | 48 Likes 0 Retweets | 15 Replies |
|
| |
|
|
|
No comments:
Post a Comment