Bitcoin scaling with Celestia Data Availability (DA)

BitLayer is partnering with Celestia to bring DA to the Bitcoin ecosystem.

- Scaling BTC L2s & Rollups.
- Supercharging Bitcoin liquidity.
- Unlocking the computing power of Bitcoin.

Bitcoin Appchains with Celestia underneath

Celestia provides low-cost & scalable DA, while Citrea ensures BTC liquidity and security for Bapps (Bitcoin Appchains).

This scales transactions by 200x and lowers fees by 1000x for Bitcoin Appchains.

Movement Mainnet is live!

- Next-gen blockchain using the MoveVM.
- Settling to Ethereum.
- Using Celestia for DA.
- $MOVE as the native gas token.

dYdX BuyBack Program approved

- 25% of protocol revenue will be used to buy $DYDX from the open market.
- These tokens will be staked for network security.
- Revenue share going to Megavault will drop from 50% to 25%.
- $9M in $DYDX to be bought back in 2025 (estimates).

dYdX Roadmap Update

Short Term goals:
- Indexer & Website reliability.
- Instant deposits & withdrawals.
- New mobile interface.
- Improved market listings & transparency.

Long Term goals:
- Trade Anything: RWAs, prediction markets & more.
- Spot trading: Leveraging IBC Eureka.
- Multi Asset collateral.
- Distribution: Integrate dYdX in leading wallets and aggregators.
- Native L1: Support for EVM SC that tightly integrate with the core product.
- Improved Tokenomics.

Berachain & Noble with massive inflows

- #1 & #3 in net inflows over the past week!
- Berachain = New DeFi chain best suited for yield farming.
- Noble = Best place to park stables, earning 4.2% by simply holding $USDN.

Almost $18M $USDN issued on Noble

1) Boosted Yield Vault: $3,9M $USDN earning 16,5% APY

2) Noble Points Vault: $11,6M $USDN farming Noble points.

ATOM - Alignment

- Interchain Labs (ICL) is encouraging to teams and dApps to deploy on the Hub.
- $ELYS, $STRD, $NTRN, $DVPN, $SHD, etc.
- Lots of new stuff coming this month to the Hub. @Mag

Shade Protocol is leading ATOM-Alignment.

- Shade has 585,000 $ATOM ($2.3M) on its platform.
- 0.1% of ALL $ATOM supply is on Shade
- Goal: To have 2.5% of all $ATOM supply on Shade by the end of year.

Monthly $OSMO burn kicks in 🔥

- 80K $OSMO were burned forever this week on Osmosis.
- Going forward, 50% of $OSMO collected via Taker Fees will be burned.
- Total Osmo burned: 2,5M $OSMO.

Axelar raises $30M - Lead by Electric Capital

Axelar is building towards a decentralized internet of blockchains that supports:

- Global adoption of stablecoins and RWAs.
- New products from regulated institutions.
- The next era of finance, payments, and the web.

Cross-Chain Send is now live on Keplr

- Users can now directly transfer between Cosmos and Ethereum.
- One-click send USDC from any Cosmos chain to Arbitrum, Base, etc. and vice-versa.
- More routes and assets are coming soon.

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 Cosmos ecosystem.

Disclaimer

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