Today in DeFi - Multichain Routes Paused, Matcha DEX Upgrade, TWAP Trading, and more...
Multichain Routes Paused
Some bridging routes (Kava、zkSync、Polygon zkEVM) on Multichain are paused and some traders’ funds are stuck on the bridges. There are also unconfirmed rumors of the cofounder's arrest in China and an investor sell-off of its token.
The team did not confirm the rumors but only claims the pauses were due to a network upgrade issue. The team promised compensation for the victims, while the time for service to resume stays unknown.
Matcha DEX Upgrade
0x Labs releases the latest upgrade to the Matcha DEX aggregator. The new Matcha has faster trade confirmations and reduces failed trades by 85% with re-submission costs handled.
Magic Eden NFT Aggregation
NFT marketplace Magic Eden enables NFT aggregation on Solana, increases protocol composability, and offers a -0.25% maker fee for a limited time.
Nolas Mainnet Live
Nolus, a Cosmos-based chain that offers interoperability, launches its mainnet. Nolus will launch a leveraged lending protocol on the chain and a token launch event on StreamSwap.
Penumbra Testnet Live
Penumbra, a Cosmos-based appchain that focuses on privacy, launches its testnet with its first dApp available - a private, concentrated-liquidity DEX.
