Bridge


Finance

Crypto Startup LI.FI Spins Up Bridge, DEX Aggregator

The retail-facing platform uses a noncustodial setup, CEO Philipp Zentner said.

LI.FI CEO Philipp Zentner (Danny Nelson/CoinDesk)

Markets

Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC

Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.

Interest in bridging BTC to Avalanche continues to swell. (Matthew Lancaster/Unsplash)

Tech

Cross-Chain Protocol Swing Says ‘No-Code’ Product to Speed Up App Deployment

Decentralized applications that straddle multiple blockchains are becoming more common, though the cross-chain “bridges” often used to move digital assets back and forth between the different networks are frequently targeted by hackers.

Despite declining Wednesday, BTC may be in a potential upswing. (Luke Chui/Unsplash)

Markets

Open-Source Protocol Ren Token Surges 18% Amid Rising Interest in Multichain Projects

In November, following the protocol's loss of funding from Alameda, Ren accelerated its shift from Ren 1.0 to a more efficient, secure version.

Crypto prices rallied on Friday (Gerd Altmann/Pixabay)

Markets

Volt Inu Community Passes Vote for $75M Token Burn, Plans Polygon Network Expansion

Some 12 trillion VOLT were staked in favor of the token burn proposal.

(Christopher Burns, Unsplash)

Finance

Synapse Token Surges 44% as Cross-Chain Momentum Builds

The token has outperformed the broader DeFi sector since the turn of the year as investors flock to its cross-chain bridge.

Elliptic says RenBridge was used to launder $540 million in illicit funds. (Charlie Green/Unsplash)

Tech

Wormhole Wins Vote to Be Uniswap’s Designated Bridge to BNB Chain

Uniswap aims to deploy its version 3 decentralized exchange on BNB Chain before its business source license expires on April 1. LayerZero, a target of recent criticism for under-publicized security risks, finished second in the voting.

Wormhole concept (Getty)

Tech

Bridge Platform LayerZero Denies Allegations It Kept ‘Backdoor’ Secret

The allegations from the head of Nomad, a LayerZero competitor, come just before Uniswap votes on whether to partner with LayerZero.

LayerZero CEO Bryan Pellegrino at Crypto Bahamas 2022 (Danny Nelson/CoinDesk)

Finance

Swapping More Than $157M of ETH for stETH and Levering Up, the Wormhole Network Exploiter Is a DeFi Degen

The address that hacked one of the most popular cross-blockchain bridges Wormhole started moving capital in the DeFi ecosystem.

Cypher Protocol suffers exploit (Clint Patterson/Unsplash)