THORChain’s Base L2 Integration May Enhance Liquidity Ahead of Major Crypto Events This January
The post THORChain’s Base L2 Integration May Enhance Liquidity Ahead of Major Crypto Events This January appeared on BitcoinEthereumNews.com.
Base L2 integration boosts THORChain’s liquidity and cross-chain swaps, enhancing user experience and ecosystem growth. Upcoming airdrop of 700M JUP tokens on Solana fuels user activity, with staking rewards mitigating potential sell-offs. Terra founder’s January 8 trial revisits fraud charges, with significant implications for crypto regulations and accountability. Explore the latest in crypto news, including THORChain’s L2 integration, Jupiter’s massive airdrop, and pivotal legal cases impacting the market. THORChain Integrates Base L2 In October, Nine Realms, which supports the THORChain ecosystem, revealed the network’s roadmap, indicating plans to start supporting Base L2 for cross-chain swaps. “Base may be the next major chain connected to THORChain. Nine Realms team is working on delivering to mainnet,” an excerpt from their Medium post read. The integration is expected to happen in the second week of January. In her 2025 preview, Jade, well-known for her THORChain ecosystem insights, emphasized that this development is imminent. THORChain employs the IBC (Inter-Blockchain Communication Protocol) to enhance its App Layer by bringing additional assets into the ecosystem. By connecting more chains, THORChain aims to boost its liquidity and improve the experience for Liquidity Providers (LPs). USUAL Fee Switch Activation The fee switch mechanism for Usual (USUAL) will be activated on Tuesday, January 7, 2025. Usual, a real-world asset (RWA) stablecoin protocol, announced this in a January 1 post on X (Twitter). “The fee switch era begins. 2025 marks a turning point for DeFi: real value, real distribution. Get your USUAL ready for January 7th. It’s a new year, a new standard. Let’s make 2025 the year of USUAL,” the network stated. Fee switches are gaining traction in the decentralized finance space, transforming passive token ownership into a more rewarding experience. They enable the redistribution of collected fees to key stakeholders, such as liquidity providers, stakers, and token holders.…
Filed under: News - @ January 6, 2025 11:21 am