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@decentxyz
Welcome to /Crosschain ! Each week we’ll curate news from the multi- & cross-chain ecosystems and companies. Launches, discourse, blogs - find it all here. Dive into this week's round-up below ⚡👇
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Community Discourse 🗣️ @socket builder @vaibhavchellani brings up some interesting points about the shortcomings of early intent based systems! https://twitter.com/vaibhavchellani/status/1754907643083190764 Also hot: Dymension draws attention for system failure upon launch...is it overvalued?
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Our highlights this week include updates from Layer Zero, @axelar-network, @clusters, Wormhole, @degods / Dust Labs, Decent, and more!
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LayerZero v2 LayerZero's v2 protocol upgrade is now live. The update includes new architecture and trust assumptions, and boasts better scalability + costs. LayerZero broke down exactly what’s new, important, and differentiated about their v2 below: https://x.com/LayerZero_Labs/status/1752406377744769279?s=20
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Clusters by Delegate Labs @clusters is the first app to launch with LayerZero v2. Clusters is a universal namespace (an ENS competitor). “All the chains. All your wallets. One Name.” This allstar team (led by @0xfoobar) just announced $9M of funding! https://twitter.com/clustersxyz/status/1753085067205951782
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Interchain Token Service by Axelar Axelar announced their new Interchain Token Service, which in few words is perhaps best described as their take on LayerZero’s OFT offering. It'll be interesting to see if interchain token standards take off…wdyt anon? https://twitter.com/axelarnetwork/status/1754919832691278330
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Cygaar Schools Us on Multi-chain @cygaar is well known for “explain[ing] crypto topics in simple terms.” This week we're blessed with 2 threads on hot multi-chain topics: Dymension and Eigenlayer. https://twitter.com/0xCygaar/status/1753174480732787046 https://twitter.com/0xCygaar/status/1754974815000371443
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Announcement Speed Round: Decent support for RARI Chain and native integration in Rarible.com: https://twitter.com/RariChain/status/1755281163214549392 Squid Raise: https://twitter.com/squidrouter/status/1752744770646990850 Socket Arbitrum Campaign: https://twitter.com/SocketDotTech/status/1755578356282916892?s=20
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Wormhole x Dust Labs: These teams made noise Tuesday with their partnership announcement. @frankdegods is great at the hype game, so stay tuned to see what’s next as DeGods and y00ts appear to be gearing up to activate across multiple chains. https://twitter.com/wormholecrypto/status/1754882681026781316
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If you like this content, follow /crosschain & /decent to stay in the loop and join the discussion around the most important and necessary scaling solutions in crypto. Feel free to let us know what news and content you’d like to see more of moving forward.
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