Bridges – DIGIT INFO

Circle launches ‘bridged USDC standard’ for deploying to new networks

DIGIT — Tue, 21 Nov 2023 16:02:22 +0000

Circle published a new standard that allows developers to launch an unofficial bridged version of USDC that can later become native and official.

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Connext founder proposes ‘Sovereign Bridged Token’ standard after Multichain incident

DIGIT — Mon, 10 Jul 2023 19:50:00 +0000

EIP-7281 will allow token issuers to list official bridges and limit the rate at which they can mint tokens, potentially limiting losses from bridge hacks.

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Coinbase layer-2 network Base closes in on mainnet launch

DIGIT — Fri, 30 Jun 2023 01:27:14 +0000

While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled 4 out of 5 of their criteria for launch.

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Dfinity Foundation Launches Chain-Key Bitcoin, a Native Internet Computer BTC Derivative Token

DIGIT — Mon, 03 Apr 2023 22:05:03 +0000

On April 3, 2023, the Dfinity Foundation, a development team behind the Internet Computer (ICP) network, announced the launch of a native ICP token called “chain-key bitcoin” or “ckBTC.” The bitcoin derivative is backed 1:1 with the leading cryptocurrency asset. On Monday, Dfinity detailed that the technology “builds on the protocol-level integration with the Bitcoin […]

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Noble Partners With Circle Financial to Integrate USDC on Cosmos Blockchain

DIGIT — Wed, 29 Mar 2023 05:30:47 +0000

According to the token protocol startup Noble, the second-largest stablecoin, USDC, will be integrated into the Cosmos blockchain, as the company has partnered with Circle Financial for the rollout. Noble details that the integration will give access to Circle’s USDC stablecoin to more than 50 Inter-Blockchain Communication (IBC) networks. USDC Native Support Is Coming to […]

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Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain

DIGIT — Wed, 22 Mar 2023 20:00:25 +0000

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours.
Defi Value Swells Close to 2% Higher to Over $50 Billion
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Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

DIGIT — Fri, 03 Mar 2023 20:00:30 +0000

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged […]

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State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months

DIGIT — Sat, 22 Oct 2022 17:49:41 +0000

During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down more than […]

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‘New frontier’ of crypto laundering involves cross-chain bridges and DEXs: Elliptic

DIGIT — Wed, 05 Oct 2022 04:16:19 +0000

Curve, Uniswap, 1inch, and the Ren bridge were the top platforms of choice for laundering illicit crypto, according to Elliptic.

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Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

DIGIT — Sat, 24 Sep 2022 16:10:56 +0000

The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant defi protocol today is Makerdao, leading […]

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