Crypto Briefing’s Post

Current intent-based applications like CoW Swap and UniswapX operate in isolation, creating fragmented ecosystems that limit broader market efficiency and user experience. A new framework, the Modular Intent Stack, along with the ERC-7683 standard from Across and Uniswap, aims to create a unified infrastructure for cross-chain intents and solver integration. The implementation's three components, standardized intent representation, propagation via DA networks, and decentralized solver selection through Auction AVSs, could transform the fragmented landscape into an “invisible garden” with seamless interactions and composability. #crypto #web3 https://lnkd.in/gr7q9E3M

Tinkered around the complexities of multi-chain interactions until I uncovered the latest developments is Web3 - Chain Abstraction. In simple terms, it’s about making Web3 as seamless and intuitive as your favorite apps. Imagine no more switching networks, managing multiple tokens, or dealing with fragmented liquidity. Just a smooth, one-step experience for everything. Here’s my latest article, where I break it all down: ✨ Why traditional Web3 is so complex. ✨ How Chain Abstraction simplifies the game. ✨ Solutions from Particle Network , Okto, and SOCKET Protocol. 🔗 Check it out here: https://lnkd.in/gtwiax5V What are your thoughts on the Web3 adoption puzzle? #Web3 #ChainAbstraction #BlockchainSimplified #DeFi #NFTs #FutureOfTech

This excerpt is from the Ethereum yellow paper. I'm calling it the Web3 Paradox: we put code on chain to make interactions between individuals "trustless" but then we ask "who wrote the code?" 🧐 Achieving this initial vision of Ethereum is probably much more challenging than making the chain fast and cheap, or decentralized. The debates on which chain is superior often revolve around decentralization. While decentralization is important and contributes to censorship resistance it actually has very little to do with a "trustless" system - as we know from the many rugs every day. While it is disappointing that there is no real solution to this currently, as a developer, I also see it as an opportunity - building a reputation around integrity and trust, something that no AI can take from you... in foreseeable future at least!

Uniswap 🤝 Optimism Today we’re excited to welcome Uniswap Labs and Uniswap Foundation to the Superchain with the launch of Unichain, an L2 purpose-built for DeFi developers - exclusively on the OP Stack. Uniswap joins powerhouses like Coinbase, Sony, and Worldcoin, who are all choosing to build on the OP Stack as part of the Superchain. Rather than compete, we’re all working together to advance technology, drive adoption, and bring Ethereum to scale. As part of the Superchain, Unichain will:  - Support core development of the OP Stack  - Dedicate revenue back to the Optimism Collective - Participate in Optimism governance - Join a global network of values-aligned builders. Powering nearly half of all L2 transactions, the OP Stack is leading the way in scaling Ethereum’s technology and values.

Uniswap Launches Layer-2 Unichain to Optimize Cross-Chain Interactions Uniswap Labs launched a new L2, which will be part of the Optimism Superchain. The Uniswap DEX, which already runs on 23 separate chains, will finally have its native network. Uniswap will build a protocol similar to Base, which is also part of the Optimism Superchain. https://lnkd.in/e8CtyRWA

TL;DR "On Cross-chain Pathfinding and Bridge Selection for Decentralized Finance": As DeFi moves toward a multi-chain future, seamless cross-chain value transfer is crucial. Our paper introduces the Pathfinding and Bridge Selection (PBS) problem, modeling cross-chain transfers as a multi-connected graph. Using an Integer Linear Programming (ILP) approach, we optimize bridge selection and routing to minimize fees, time, or their trade-offs. Results show our method significantly outperforms heuristics, offering faster, cheaper transfers across large networks. #DeFi #Optimization #Multi-chain https://lnkd.in/eY3jYQjv

Yesterday, we announced that FDUSD is natively available on Sui Foundation. This integration brings the power of FDUSD to Sui's ultra-fast network, fueling stablecoin transactions with cost-effective fee and superior scalability. From our early discussions at Sui Basecamp in Paris to this moment, our commitment to creating a seamless, secure stablecoin transaction continues to grow. This collaboration opens new avenues for enhanced interoperability, increased liquidity, and more opportunities for global users across the digital asset space. FDUSD is also available on Cetus for swaps and liquidity options on-chain. Read more about this milestone: https://lnkd.in/gYRvzDmy #FirstDigital #FDUSD #Sui

Key Takeaways Arbitrum has completed its Nitro upgrade. Arbitrum says Nitro increases transaction throughput, reduces fees, and provides a better user experience for developers building applications. Now that Nitro has expanded Arbitrum’s transaction throughput, the network will likely restart its Arbitrum Odyssey Campaign. Share this article The Arbitrum Nitro upgrade brings faster transactions, lower fees, and a better user experience for developers building applications. Arbitrum Upgrades to Nitro Arbitrum Nitro is live.  The Ethereum Layer 2 network successfully migrated the existing Arbitrum One network to Arbitrum Nitro Wednesday, exactly one year after the network’s mainnet first went live. Offchain Labs, the company developing Arbitrum, announced the completion of the upgrade on Twitter.  Arbitrum Nitro removes the limitations placed on the network and introduces several key improvements. Previously, Arbitrum’s transaction throughput was throttled to maintain network performance and stability. However, now the network has upgraded to Nitro, these limitations have been lifted, vastly increasing the number of transactions the network can handle. The Nitro upgrade has also helped compress the transaction data sent back to Ethereum mainnet for validation. Nitro should reduce the number of zero bytes in Arbitrum transaction batches, resulting in even lower transaction fees for end users. While Arbitrum already offers 90 to 95% lower fees than Ethereum mainnet, calculations suggest that by eliminating zero bytes, the Nitro upgrade could reduce fees by a further 27%.  However, the bulk of the Nitro upgrade comes in the form of a new prover, which can process Arbitrum’s interactive fraud proofs using WebAssembly code. This means that the Arbitrum engine can now be written and compiled using standard languages and tools, replacing the custom-designed language and compiler that was previously used. The result is a much more streamlined and intuitive experience for those building on Arbitrum, which the team hopes will lead to increased development on the network.  Offchain Labs CEO and co-founder Steven Goldfeder told Crypto Briefing that the update would “massively increase network capacity and significantly reduce costs,” which should in turn attract more projects to the ecosystem. He added that Arbitrum is “the most Ethereum-compatible rollup ever created,” explaining that Nitro’s internal composition matches Ethereum’s, meaning the network can support developer and user tooling built for Ethereum. In addition to the core updates to Arbitrum mainnet, Nitro has also implemented the network’s AnyTrust technology, providing a secure and cost-efficient scaling solution optimized for gaming and social applications. The same technology is behind the recently announced Abritrum Nova chain that features a “Data Availability Committee” with participation from Google Cloud, FTX, Reddit, Consensys, P2P, and

What is DePIN? Top 10 DePIN Crypto Projects in 2024 - CryptoPotato: DePIN, which stands for decentralized physical infrastructure, is one of the fastest-growing crypto narratives. It has reached notoriety due to ...

Arbitrum Stylus is reducing the barrier of entry for developers by allowing EVM-compatible smart contracts programmed in C, C++, and Rust. Stylus improves execution by 10x and scales memory by 50-100x. Since Solana programs are written in Rust, Stylus applications can be interoperable with the Solana ecosystem. It's expected to go live on mainnet in the coming months. #crypto #web3 #ethereum https://lnkd.in/g_iuMVeR