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
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.
Kontos
Kontos reaches a new milestone of 8M Kontos.
Wallet Abstraction
Particle Network
Particle announces the release of UniversalX, the first chain-agnostic trading platform, powered by Universal Accounts.
Arcana Network
Arcana hints about an expansion, with demo details to be announced.
Xion
XION announces mainnet.
XION introduces the $XION token whitepaper and tokenomics, powering its consensus mechanism.
Orchestration
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
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.
Uniswap Protocol
Uniswap announces Arbitrum as the first L2 to cross $20B in monthly volume on the Uniswap Protocol.
Aori
Aori announces partnership with Union, speeding up the propagation of intents across multiple chains.
Across Protocol
Across announces that its volume on Uniswap from same-asset bridging has surpassed 200M.
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.
Relay
Relay announces that bridging and swapping to Sei network is now live on Relay.
Clearing
Everclear
Everclear announces migration from NEXT to CLEAR, introducing mainnet Beta and revamped tokenomics, unlocking liquidity for solvers.
Settlement & Infra
Transport Layers
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.
Hyperlane
Hyperlane announces that Neptune Protocol will leverage Hyperlane to enable cross-chain stablecoin functionality for $USDN on EclipseFi.
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.
Wormhole
Wormhole announces that the Wormhole W Staking Rewards Program (SRP) is now.
Omni
Omni announces release of private mainnet.
Rollup Cluster
Dymension
Dymension hints on its 3D launch.
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.
Thanks for reading, and if you like it, leave a feedback and forward it to your Friends. There is love in Sharing, and see you next time.
DeFi Saint
Founder, Layer 2 M.