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New technology for interoperability between the chains
Several teams are making strides to improve the crypto developer experience by offering cutting-edge tech stacks with the ultimate goal of simplifying the onboarding experience for new users.
OKX has launched OKX OS, an open-source infrastructure suite of tools, SDKs and APIs needed to build applications for a wide range of blockchains including Ethereum, Bitcoin and Solana.
This new stack allows developers to use the same technology that powers the OKX Wallet, and aims to simplify and scale development for more than 100 chains, the company announced Monday.
Another new path to an omnichain user experience is Axelar’s Mobius Development Stack (MDS).
The tech stack unveiled today is offered as a vendor-independent architecture, integrated into popular OpenZeppelin libraries.
Axelar’s MDS also marks the mainnet debut of its Interchain Amplifier for permissionless cross-chain connections at the smart-contract layer. The Interchain amplifier is secured by staked AXL, or redeployed assets such as ether and bitcoin.
This approach puts cross-chain interoperability at the forefront and includes several L1s including Solana, Stellar and XRP Ledger – without the need for bridges. But it also provides a way to connect off-chain resources, such as zk or AI coprocessors.
Features like the Interchain Token Service (ITS) natively facilitate cross-chain tokens, with use cases such as tokenizing real-world assets, improving liquidity, and enabling fractional ownership across chains.
According to Georgios Vlachos, co-founder of Axelar, MDS “enables developers to build decentralized applications that freely compose resources, logic, value, and network effects in a truly global Internet landscape.”
The recent launches of OKX and Axelar align with a broader trend in the Web3 space around improving developer experiences and user onboarding through improved infrastructure.
Launched in September, W3.io is building the Orchestration Cloud, an industrial tool that aims to bring the benefits of an orchestration layer – long proven in Web2 environments – to Web3.
Backed by an impressive cadre of crypto builders, W3 functions as a sophisticated oracle and is designed to connect multiple services together to support complex transactions via Web3.
Like Axelar’s MDS, W3 also aims to enable developers to build applications that not only function efficiently across blockchains, but also integrate off-chain resources.
W3.io can simplify the process of coordinating multiple actions, said Scott Dykstra, co-founder and CTO at Space and Time.
“The challenge developers now face is bringing together a number of different services to perform very complex onchain tasks,” Dykstra told Blockworks.
For example, it can help a game manage steps such as tracking player performance, creating NFTs, and updating the game server with new data. W3.io acts as a middleware that seamlessly connects off-chain and on-chain actions.
Together, these technologies point to the creation of a holistic ecosystem in which developers can build decentralized applications that are interoperable, scalable, and easier to use across the Web3 space.
– Macauley Peterson
Chart of the day
Base increases gas limits:
Source: Basic
In the pursuit of scalability, Base continues to increase the gas limits per block. 1 Megagas/s is added per block every week, with the increase this week from 11 to 12 Megagas/s. Base’s goal is to ultimately achieve a capacity of 1 Gigagas/s.
L2’s dramatically increasing gas limits have some subtle, but far-reaching implications for Ethereum’s grand roadmap. As explained on The Rollup podcast by Justin Drake, increasing gas limits reduces the base profitability that comes from user-paid priority transaction fees, which in turn increases the reliance on centralized sequencer profits (MEV).
Because the MEV profits for L2s are greater than the profits from transaction fees, this may ultimately reduce the incentive for L2s to decentralize its sequencer and adopt a multichain-like shared sequencer arrangement, also known in Ethereum research circles as ‘synchronized composability ‘ named.
—Donovan Choy