$83,360.00
8.58%$1,677.24
14.84%$2.07
14.33%$583.01
4.81%$119.51
12.74%$0.999965
0.01%$0.162569
13.79%$0.64103
14.66%$0.237446
2.88%$1,672.82
14.57%$83,278.00
8.50%$9.36
4.06%$12.76
17.07%$3.19
6.70%$18.64
16.31%$1.00
0.00%$0.243756
9.38%$2.26
15.38%$0.171362
15.51%$2,003.03
14.15%$0.00001209
13.72%$6.69
8.28%$306.77
13.85%$77.02
11.32%$3.71
9.01%$0.999583
0.13%$4.24
5.08%$0.999305
0.09%$14.03
25.76%$1,674.00
14.31%$0.609921
7.08%$28.22
1.99%$205.70
4.68%$1,781.78
14.47%$5.47
14.91%$53.65
4.71%$1.047
0.09%$0.00000702
17.08%$4.78
9.94%$83,396.00
8.56%$0.871997
21.71%$21.96
7.18%$2.12
11.90%$0.088894
10.51%$5.03
10.29%$29.97
4.24%$0.712112
5.96%$15.52
10.37%$144.51
15.68%$1.00
0.00%$1.16
0.13%$4.52
7.42%$230.76
17.58%$0.02242639
13.59%$0.99797
-0.00%$0.069779
15.45%$0.321717
17.00%$3.42
20.46%$83,525.00
8.93%$4.03
0.02%$8.25
9.99%$2.51
10.71%$0.187741
12.46%$0.493199
24.49%$0.182478
17.96%$2.57
10.06%$83,204.00
8.74%$0.296827
12.75%$3.66
7.44%$10.21
12.53%$4.58
9.18%$1,400.40
14.69%$0.443069
16.45%$0.670768
13.99%$0.71464
6.49%$0.37679
11.60%$0.06806
7.07%$1.038
7.76%$1,679.53
15.04%$124.85
12.61%$1.00
0.07%$67.44
11.82%$1,740.44
14.52%$0.01499009
33.54%$0.611849
14.63%$15.97
2.00%$0.703824
13.88%$0.0000112
16.43%$0.99978
0.02%$0.338504
8.94%$1,889.78
14.74%$0.999663
0.05%$1.00
0.01%$8.09
15.56%$0.998497
0.05%$0.775762
12.34%$0.080905
11.97%$0.157691
11.20%$0.425239
13.59%$3,086.95
3.03%$0.761603
39.10%$81,821.00
7.33%$583.33
5.01%$3,092.26
2.98%$0.526862
17.66%$83,364.00
8.73%$0.737268
18.54%$1,782.79
15.08%$0.261078
12.54%$0.01437457
12.73%$0.999801
0.12%$0.599303
4.41%$0.104555
10.47%$0.163129
13.39%$0.0000006
7.07%$37.03
6.47%$0.469014
17.13%$28.86
11.57%$0.01164333
17.73%$1.93
14.20%$0.34947
12.33%$153.19
12.82%$3.40
24.24%$1.74
8.96%$0.00005502
16.09%$0.999666
0.03%$1.78
12.49%$0.513572
8.19%$1,743.88
14.49%$2.78
12.16%$0.998943
0.17%$131.46
12.85%$14.64
16.85%$1.00
0.01%$81,773.00
8.70%$0.434325
7.00%$0.00507315
29.48%$0.127936
11.27%$0.066772
-1.47%$0.491358
22.30%$1.00
0.00%$1.64
-1.89%$4.09
12.64%$0.564827
9.52%$0.229769
11.53%$1.084
-2.12%$83,271.00
8.78%$0.00749709
21.81%$0.01265546
50.59%$83,931.00
9.28%$0.162612
13.96%$0.156457
1.45%$0.00000041
2.03%$1.006
0.76%$0.999861
-0.02%$1.082
0.01%$110.63
0.01%$5.71
12.60%$0.138313
15.07%$1,782.64
15.30%$14.29
13.20%$0.999679
-0.04%$1.13
12.86%$2.43
10.63%$1.83
30.37%$83,487.00
8.61%$0.074658
14.03%$0.03943522
10.17%$0.00001882
11.78%$0.373903
16.85%$22.42
-3.86%$1,678.38
15.13%$40.42
10.26%$0.581073
12.31%$5.47
11.15%$0.17657
8.63%$77,106.00
0.00%$1.002
-0.08%$1,678.18
14.93%$0.075919
8.63%$0.00656852
15.03%$0.00000167
7.69%$0.425242
11.53%$1,678.39
15.09%$1,682.69
10.42%$0.188128
12.54%$0.784183
6.73%$1.001
0.24%$0.999853
0.06%$0.488139
10.13%$0.00005841
10.19%$3.99
8.75%$0.39303
25.28%$0.329375
10.24%$1,672.86
14.30%$1,692.75
14.04%$0.00356103
10.79%$0.03011769
3.77%$0.999458
-0.10%$2.61
14.40%$0.02893332
16.46%$0.004467
13.42%$0.999877
0.12%$0.132829
6.91%$0.234375
22.69%$105.25
10.65%$83,179.00
8.43%$1,652.81
15.17%$0.213655
10.81%$3,081.02
3.39%$1,678.37
15.23%$1.039
14.10%$1.075
13.36%$20.93
9.48%$83,239.00
9.35%$2.67
3.71%$0.00042213
77.54%$0.440224
7.34%$0.548363
9.91%$0.488135
7.48%$0.174973
13.33%$1.001
0.08%$0.240439
9.49%$21.72
7.00%$1,768.33
14.22%$0.02957664
7.35%$1,836.24
14.86%$0.03296379
10.18%$13.81
12.16%$1,675.34
8.80%$0.663189
13.94%$1,824.29
15.18%$0.909591
5.12%$18.67
16.52%$0.095581
10.94%$0.998105
0.05%$0.479615
22.35%$12.82
1.09%$0.509935
3.32%$0.01079439
11.66%$83,387.00
8.85%$1,670.08
13.68%$1.00
0.02%$0.00280073
16.72%$2.65
3.25%$0.055998
13.48%$1.93
12.74%$0.999544
0.01%Reading
It’s not all efficiency and solving trilemmas when it comes to Ethereum layer-2s.
Susannah Evans, a product lead behind the Inter-Blockchain Communication (IBC) protocol at the Interchain Foundation, told Decrypt that Ethereum’s layer-2 ecosystem “fragments user and liquidity,” referring to the separation of liquidity pools across various networks with no solution for interoperability.
“Layer-2s are no holy grail,” she said. “Each layer-2 ecosystem is a silo of its own.”
Arbitrum, an Ethereum rollup with assets worth $5.77 billion bridged to it, continued to see increased growth last quarter. The activity comes after a highly anticipated airdrop in March this year. The layer-2 blockchain witnessed strong activity based on the “consistently higher” transaction count and “influx of new participants,” according to a Nansen report shared with Decrypt. Notably, the blockchain has supported more activity since the airdrop in March. Industry Still Isn’t Close to Solvin...
According to her, the Cosmos ecosystem has advantages over the Ethereum counterpart as all Cosmos-based application chains are “natively interoperable over IBC.”
Inter Blockchain Communication (IBC) is a protocol built atop Cosmos using the network’s software development kit and made to connect Cosmos-based blockchains.
Evans said that the migration of projects like dYdX–and potentially Maker–is proof that developer teams are realizing the problem of liquidity fragmentation.
The decentralized derivatives exchange is expected to launch a new Cosmos-based chain by year-end.
David Gogel of dYdX discusses how the decentralized exchange is building a custom blockchain to fully decentralize derivatives trading. He explained how the new dYdX chain will allow validators to run order books in memory, enabling decentralized order matching at scale. This shift aims to increase security and transparency for traders while maintaining the performance of centralized exchanges.
While several projects like Cronos, Kava, Osmosis, Canto, Thorchain, Secret Network, and Sei have been built using Cosmos SDK, they all still face a much different dilemma: low liquidity.
According to DeFi Llama data, the cumulative deposits across 32 Cosmos-based blockchains are just $524.3 million.
In comparison, the total deposits in Ethereum roll-ups are $2.89 billion, per DeFi Llama.
This figure excludes the massive $21.5 billion in assets locked in Ethereum-based DeFi applications and other chains that borrow from Ethereum’s security like Polygon and its $757 million in deposits.
The lack of liquidity adversely affects the efficiency and functionality of DeFi applications in the Cosmos ecosystem, restricting growth and adoption.
One solution is bridging the two networks, allowing the Cosmos ecosystem to tap Ethereum’s deep liquidity.
Still, Evans says that the difference in Cosmos and Ethereum’s design makes compatibility “impractical.” Cosmos is designed for “instant finality” after consensus, while Ethereum is based on “probabilistic finality.”
Probabilistic blockchains like Ethereum and Bitcoin do not guarantee that all nodes will always agree on the same blocks after transaction confirmation, but they guarantee that the probability of agreement is very high.
The probability increases as more blocks are added to the one that contains said transaction.
Nevertheless, there are efforts made by the projects to extend IBC compatibility to EVM chains.
Evans mentioned developments such as the launch of native USDC in the Cosmos ecosystem. She added that teams such as Polymer Labs and Agoric are working to enable connections with Ethereum at reasonable costs specifically via Metamask Snaps–the wallet provider's functionality that lets third-party developers build atop the crypto wallet.
At the same time, the Interchain Foundation is working to set up connections between IBC and the popular scaling toolkit Optimism stack.
SatLayer, a Bitcoin restaking platform, announced Wednesday it’s extending Bitcoin’s use in decentralized finance to Sui, the speedy layer-1 blockchain launched last year. With Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to leverage Bitcoin’s $2.1 trillion footprint in building DeFi applications, which aim to exclude third parties from transactions in areas like trading and lending, SatLayer said in a statement. Sui’s network is already home to a budding...
It's been a big week of DeFi news for the Donald Trump-backed crypto venture, World Liberty Financial (WLFI). Earlier this week, the project expanded its portfolio with $5 million worth of investment in three major assets: Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). The acquisitions include 2,631 ETH at $3,801 each, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8, according to on-chain analytics platform Lookonchain. The purchases mark WLFI’s first foray into LINK and AAVE, diversifying it...
Crypto yield marketplace Superform announced Wednesday the launch of SuperUSDC, a product billed as a “set and forget” opportunity for earning high yield on Circle’s stablecoin. Since its launch in early access this year, the platform has functioned as a decentralized marketplace for yield protocols. Projects can list vaults on Superform, which are linked to yield opportunities on Ethereum as well as dedicated scaling solutions like Arbitrum or Base. SuperUSDC offers DeFi users “automated, non...
