Interchain News #1

Over the past week, many exciting announcements and product updates have been unveiled. In this article, we'll highlight the latest and hottest news from the Interchain, including token launches, airdrop announcements, chain upgrades, and much more.

Noble launches EURe

A collaboration between Noble and Monerium brings the first authorized and fully regulated Euro stablecoin to the Interchain.

- EURe allows for instant on- and off-ramping from your IBAN bank account to all IBC enabled chains via Noble.
- Turning your Web3 wallet into a bank account & vice versa.
- €1.7+ billion volume since launch.
- EURe is already live on Polygon, Gnosis Chain & Ethereum

HALO - Cosmos Hub powered Rollups ⚛️

The Cosmos Hub announced HALO, a $ATOM powered Shared Sequencing & Settlement Layer.

- Halo will be built as a consumer chain on the Cosmos Hub.
- It allows Cosmos chains to massively reduce operational cost by up to 90% and become rollups.
- Offering instant bridging to EVM chains + L2s, Solana and all Cosmos chains.
- 0.5 - 1.5 second blocks, free pricing oracles.
- Pay-per-transaction model; no dilutive staking rewards required.
- TLDR: Low cost, highly performant & secure Cosmos rollups!

Celestia Updates:

Lemongrass is live on Mainnet 🍋

Lemongrass is the first ever mainnet upgrade on Celestia, introducing novel features like:

- 1-Click interactions over IBC (1-click bridging to rollups, 1-click buying of Sloths via $TIA, etc.)
- Interchain Accounts (ICA)
- Packet Forward Middleware
- Minimum gas price

Private Messaging on Crypto Rails

Prism revealed a verifiable authentication standard for private messaging & beyond.

With Celestia underneath, Prism enables users to directly verify their encrypted chats, replacing trusted intermediaries with embedded light nodes.

Celestia is about to surpass ETH in DA

- Ethereum's lead in Data Availability (DA) market share is shrinking, as Celestia is catching up fast.
- Celestia is almost at parity, with Initia, Eclipse, Movement and many others not even live.
- How much longer will it take for Celestia to become the #1 data availability provider in crypto?

Osmosis News 🧪

Polaris live Demo at Solana Breakpoint

The first product demo of Polaris - The Token Portal, has been showcased by Sunny at Solana Conference in Singapore last Saturday, September 21st.

- All tokens, All chains, One app.
- Solving The Great Chain Divide.
- Cross-chain swaps with one single wallet.
- Portfolio tracking across all ecosystems.

Alloyed Assets are live on CoinGecko

Osmosis' latest invention "Alloyed Assets" like allBTC, allETH, allSOL, allTON, allUSDT, etc. can now be tracked on CoinGecko.

▶️ What are alloyed assets you might ask?

In short, alloyed assets represent a unified version of similar assets, like different versions of BTC or USDT from various bridges, into a single asset.

Alloyeds are interoperable, enhance liquidity and UX by reducing fragmentation across different chains and ecosystems.

ckBTC is coming to the Interchain DEX

- This collaboration between Osmosis and Omnity Network marks the first connection between ICP and the Interchain.
- ckBTC is powered by ICP's Chain Fusion tech.
- It will further diversify the composition of Alloyed BTC (allBTC) on the Osmosis DEX.

dYdX is exploring Leveraged Prediction Markets

Prediction markets offer a unique opportunity to make DeFi great again and to differentiate crypto from TradFi. (Charles d'Haussy)

- Allowing users to place leveraged bets on the outcome of binary events like sports, political events (elections), financial assets, or the weather.
- Prediction markets will be part of the Unlimited Upgrade coming later in Q4 to dYdX, including Permissionless Markets and MegaVaults.

Airdrop Updates 🪂

Another SAGA snapshot has been taken 📸

- The 5th SAGA "Power Level Over 9000" snapshot is in the books.
- Vault 5 eligibility will be shared later this week.
- Most likely, loyal SAGA stakers are eligible for another round of NFT airdrops, in-game items like special skins or weapons, partner tokens along with some additional $SAGA tokens.

Emoji Airdrop on Unicorn 🦄

Another emoji airdrop is live on Unicorn Chain. This time fruit emoji holders were the lucky ones.

Holders of the following emojies 🍉🍑🍊 can now claim the Ape-Banana emoji on the Unicorn Memoji Market.

Double Stride Airdrop

1: Stride genesis airdrop goes into round 21!

- Uncliamed $STRD from previous rounds are redistributed.
- Stakers of multiple Cosmos chains are eligible (ATOM, OSMO, STARS, etc.)
- Run through the three quests and claim your STRD.

2: STRD airdrop for stSAGA holder

Mantra Mainnet is coming in October

- RWAs are coming to the Interchain.
- And with it the 50M $OM GenDrop.
- 50M $OM will be distributed to various communities.
- Worth more than $55M as of now.
- Mantra's vision is to become the preferred ledger of record for real-world assets.

Dymension 3D Playground Testnet

Dymension introduced the next era of modular blockchains with the launch of their 3D Playground testnet.

- Deploy RollApps as easily as tokens
- Only possible on Dymension

NFT NEWs:

Trait Floor Prices are live on Stargaze 🌟

NFT traders can now immediately see the floor price of each individual trait in the metadata of every NFT.

- Like showcased below: The floor of the Love trait = 600K STARS
- Clicking on a trait automatically filters for it.

After The Filter Chapter: 4 👻

A new chapter of the animated, post apocalyptic series After The Filter has dropped, telling the story of the remnants of humanity left behind after the singularity.

Can you spot the legendary character shortly appearing in this episode? 👀

That's it for today, thanks for reading folks.

We hope this article helped you stay up-to-date with the latest developments in the Interchain.

#InterChainNews1

Disclaimer

This article is intended to educate readers about certain topics and should not be considered financial advice in any way.