Sunny Abstraction Chills Edition #9

Biggest News Highlight: Particle announces the release of UniversalX, the first chain-agnostic trading platform, powered by Universal Accounts.

Sponsored by DIA

This is a weekly recap covering the chain abstraction landscape according to the market map by “The Rollup”.

Permissions and Orchestration

Account Abstraction

1. Safe

   Safe introduces Safenet, a transaction processor network aimed at unifying user experience across multiple blockchains, with implementation projected for 2025.

• Safe announces that Safe (Pass) airdrop is now live, with 2.5M SAFE tokens available for claim.

2. Kontos

   Kontos reaches a new milestone of 8M Kontos.

Wallet Abstraction

3. Particle Network

   Particle announces the release of UniversalX, the first chain-agnostic trading platform, powered by Universal Accounts.

4. Arcana Network

   Arcana hints about an expansion, with demo details to be announced.

5. Xion

   XION announces mainnet.

• XION introduces the $XION token whitepaper and tokenomics, powering its consensus mechanism.

Orchestration

6. Agoric

   Agoric announces partnership with Zeromile, enabling seamless asset transfer from any Cosmos chain to various DeFi platforms without bridges.

DIA launches Lasernet on Testnet; The world's first layer 2 rollup specifically built for Oracle Infrastructure. It combines trustless execution and permissionless access.

DIA is built in collaboration with the most innovative teams scaling Ethereum: Optimsm’s OP Stack (rollup framework), Conduit (rollup deployment), Hyperlane (interoperability protocol) and Celestia (Data Availability Layer).

Legacy Oracle models are limited in capabilities due to their reliance on external data providers: small support of data feeds, permissioned access, and transparent data processing.

News models like DIA have reimagined oracle infrastructure to address these challenges and future-proof oracles.

This is DIA’s vision:

DIA’s Lumina is a completely redesigned Oracle infrastructure built to operate as an open and permissionless network. This network allows it to gather data from any source and deliver it to any destination chain.

It consists of three main components: (data) Feeders, Lasernet (an L2 network), and a message-passing layer. The combination of these allows it to achieve completely decentralized and modular oracles to meet any data needs for dApps.

The core features of DIA Oracles embodies:

• Permissionlessness – for data access but also data sourcing

• Trustless processing – via immutable, aggregator oracle smart contracts

• Distributed data sourcing – via a decentralized network of nodes that source and publish data on-chain, to the DIA Lasernet

Notable Details on DIA Oracle:

• Testnet is now live on Ethereum Sepolia.

• Push and Pull Oracle models are available to test

• Lasernet Mainnet is expected to launch in Q1 2025.

Orderflow Sources & Auctions

7. Socket Protocol

   Socket announces $10,000 in prize for developers to build chain-abstraction protocols and applications at ETHIndia hackathon.

• Socket developer docs are now live.

8. Uniswap Protocol

   Uniswap announces Arbitrum as the first L2 to cross $20B in monthly volume on the Uniswap Protocol.

9. Aori

   Aori announces partnership with Union, speeding up the propagation of intents across multiple chains.

10. Across Protocol

    Across announces that its volume on Uniswap from same-asset bridging has surpassed 200M.

11. Squid Router

    Squid announces a new milestone of $3B in all-time swap volume.

• Squid introduces CORAL, a Cross-Chain Order Routing and Auction Layer, enabling sub second swaps, less slippage and 90% savings on gas.

12. Relay

    Relay announces that bridging and swapping to Sei network is now live on Relay.

Clearing

13. Everclear

    Everclear announces migration from NEXT to CLEAR, introducing mainnet Beta and revamped tokenomics, unlocking liquidity for solvers.

Settlement & Infra

Transport Layers

14. LayerZero

    LayerZero announces that OrderlyNetwork has expanded its protocol and native token, $ORDER, to Solana via LayerZero.

• Farcana goes Omnichain with LayerZero's OFT standard, taking its native token $FAR across chains.

• LayerZero announces that $DEGEN is live on DEGEN L3, Base, Arbitrum, and Ethereum mainnet via LayerZero's OFT Standard with bridging via Stargate finance.

15. Hyperlane

    Hyperlane announces that Neptune Protocol will leverage Hyperlane to enable cross-chain stablecoin functionality for $USDN on EclipseFi.

16. Union

    Union collaborates with Avalanche to launch Project Ridge: bringing trustless interoperability to Avalanche for Seamless liquidity and cross-chain communication.

• Union announces its $12M Series A round, led by GumiCryptos and LongHashVC, bringing total capital raised to $16M.

17. Wormhole

    Wormhole announces that the Wormhole W Staking Rewards Program (SRP) is now.

18. Omni

    Omni announces release of private mainnet.

Rollup Cluster

19. Dymension

    Dymension hints on its 3D launch.

20. Nodekit

    Nodekit announces an exclusive partnership with LayerZero, enabling apps building with LayerZero to leverage NodeKit’s DVN to unify their users and liquidity across multiple chains, and integrate NodeKit’s security stack.

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DeFi Saint

Founder, Layer 2 M.