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31 Aug 2023

4 min read

Cross-Chain Monthly: August 2023

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Welcome to the Cross-Chain Monthly, an update on all news, events, and developments in the Wormhole & Cross-Chain ecosystem. In this edition we'll cover:

  1. Introducing the Wormhole Foundation: The WF is a core contributor to Wormhole, with the aim to support teams building secure, open-source, and decentralized products
  2. Base is here: Coinbase's Ethereum L2 has been supported by Wormhole from Day 1
  3. Wormhole Gateway is live: After last month's announcement at Osmocon, August 31 marks the official launch of Wormhole Gateway
  4. Powered by Wormhole: Introducing Moonbeam Routed Liquidity (MRL), tBTC is now live on Base & Solana, and SmarDex, Folks Finance, Pike and more integrating Wormhole
  5. Proposals to integrate Wormhole: Osmosis, Interlay, Uniswap V3 Celo and Uniwhale
  6. More Cross-Chain News: learn about news that aren't directly related to Wormhole

Let's get into it!

🛸 Introducing the Wormhole Foundation

We are thrilled to officially introduce the Wormhole Foundation as a core contributor to Wormhole. The Wormhole Foundation's focus is to support teams building secure, open-source, and decentralized products within the Wormhole ecosystem.

Wormhole is supported by a set of core contributing organizations aimed at building a decentralized internet where information can move freely and securely, everywhere.

  • Read the official announcement (blog post)
  • Stay tuned for the introduction of the other contributing teams

⛓️ Base is here

Bridgers and builders can now onboard to and from Base from any of Wormhole’s 20+ connected chains. Base is an Ethereum Layer 2 (L2) network, built by Coinbase, that’s goal is to offer a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps on-chain. Coinbase’s hope with Base is, “to make on-chain the next online” and onboard one billion users into the cryptoeconomy.

If you’re interested in connecting your application to Base or simply want to bridge tokens to or from Base, you can easily do so using Wormhole.

  • Read the full announcement (blog post, tweet)
  • How to connect your app to Base (Wormhole Connect)

Wormhole Gateway is live

After last month's announcement at Osmocon (tweet), August 31 marks the official launch of Wormhole Gateway. Gateway is an application-specific blockchain powered by the Cosmos SDK. It aims to bring liquidity to the Cosmos ecosystem while also enhancing Wormhole's security and sovereignty.

  • Read the full announcement - and learn how Gateway works (blog post)

🤝 Powered by Wormhole

  • Introducing Moonbeam Routed Liquidity (MRL), a one-click feature that can route Wormhole assets to anywhere in the Polkadot ecosystem (blog post, tweet, Moonbeam tweet)
  • Check out how Sphere, a robust API & no-code platform, uses Wormhole (YouTube)
  • tBTC is live on Base (tweet) and  Solana (tweet), powered by Wormhole
  • Wombat is launching their cross-chain swap feature, enabling users to swap between native assets on different chains using Wombat’s cross-chain pools (tweet)
  • HydraDX utilizes Wormhole via the MRL to bring liquidity to Polkadot (tweet)
  • Thanks to Folks Finance, new Cross-Chain Tokens arrive on Algorand (tweet)
  • SmarDex integrated Wormhole (tweet, in-app bridge)
  • Pike uses Wormhole to ensure cross-chain verification and transfers (tweet)
  • Acala Multichain Asset Router 1.0, powered by Wormhole, launches (tweet)
  • DackieSwap, the top DEX on Base, integrates Wormhole Connect (tweet)
  • The first ever NFT cross-chain swap between y00ts on Polygon, and DeGods on Ethereum, has been performed (tweet)
  • MadFi launched "creator subscriptions" on Base, utilizing Wormhole (tweet)

🗳️ Proposals

  • Osmosis Proposal #582, which suggests recognizing Wormhole as a canonical bridge service provider (BSP) for Osmosis, has been passed (tweet, proposal)
  • Uniwhale UIP-7 proposal to expand to Arbitrum, using Wormhole (tweet, blog post)
  • Wormhole Selected to Become Cross-Chain Protocol for Uniswap V3 on Celo’s Layer 2 (blog post)
  • A proposal to register Wormhole assets on @InterlayHQ is up for discussion (tweet)

👨‍👩‍👦‍👦 Community

  • Dan Reecer, EVP of the Wormhole Foundation, joined CoinDeskTV for a Q&A session (tweet)
  • Twitter Space: Osmocon 2023 recap & Wormhole developments (tweet)
  • Encode Hackathon recap (blog post)
  • August 9th marked two massive milestones: @BuildOnBase's launch and Wormhole’s 2nd birthday! (tweet)
  • Full  Encode Hackathon workshop "How do Cross-Chain dApps Work?" (YouTube)

💻 Tech Developments

  • We're building in the open. Always. Below, you can find August's Github stats. (GitHub)

💍 Wormhole Fellows

📬 More Cross-Chain News

To delve deeper into the broader interoperability landscape and cross-chain ecosystems, check out some news below that aren't directly related to Wormhole:

  • Galaxis integrates Chainlink CCIP to unlock cross-chain token-gated Communities (blog post)
  • Plexus integrates zkSync (blog post)
  • Supra's cross-chain HyperNova tries to eliminate the need for centralized Web3 bridges (press release)
  • LiFi launches multi-bridge governance solution after Uniswap debate (news article)
  • ZetaChain raises $27M in equity round to enable chain-agnostic interoperability (news article)
  • SushiSwap furthers cross-chain functionality with Core integration (news article)
  • Stargate Deploys to Kava Chain (news article)

⏭️ What’s next?

Subscribe to the Wormhole Newsletter and be the First to Know about new announcements!

👋 Join the Wormhole Community

If you have questions, need support, or simply want to connect, join the Wormhole community and keep up-to-date with our upcoming announcements. We’re always happy to hear your feedback.

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