Fintech PR
Interchain Foundation’s 2024 Cross-Chain Interoperability Report Spotlights Top Ten Cross-chain Routes Exceed $41Bn in Volume in Ten Months
- The total value locked (TVL) across 43 interoperability protocols exceeded $8 billion as of October 2024, with Ethereum leading cross-chain inflows and outflows at 38.9% and 47.9%, respectively.
- The IBC protocol stands out in its scale, connecting over 117 blockchains, while LayerZero’s Stargate and Circle’s CCTP had over $1B in monthly transaction volumes from May to October 2024.
- Improving the overall experience for users is paramount. Intent-centric/solver-based bridging protocols have emerged as the preferred method for quick and cheap cross-chain asset transfers.
ZUG, Switzerland, Jan. 14, 2025 /PRNewswire/ — Today, the Interchain Foundation (ICF), a Swiss non-profit that advances interoperable, sustainable, and community-owned decentralized networks in the Cosmos ecosystem, announces the release of its 2024 Cross-Chain Interoperability Report. The annual report offers a comprehensive overview and analysis of the rapidly evolving blockchain interoperability landscape including trends, critical challenges, and recommendations for future growth and innovation. It examines leading protocols like IBC, LayerZero, Circle CCTP, Axelar, and Wormhole from January to October 2024, highlighting how these protocols address scalability, security, and user-centric innovation.
Key findings include:
- As of October 2024, the total value locked (TVL) across a total of the 43 largest interoperability protocols sits at $8 billion.
- The IBC Protocol is the leader in network size; it connects 117 chains, followed by LayerZero with 93 chains.
- From May to October 2024, Stargate and Circle CCTP had over $1B in monthly transaction volumes.
- Ethereum leads both cross-chain USD inflows and outflows, representing 47.9% of value outflows and 38.9% of value inflows.
- Ethereum to Arbitrum was the most active cross-chain route, with a total volume of $10.7 billion.
- Circle CCTP and IBC dominate in active addresses, with over 1.5 million monthly active addresses each.
Key insights from this report include Ethereum’s dominant role in cross-chain liquidity and the rise of intent-centric protocols like Stargate, which speed up cross-chain asset transfers for users. Innovations such as Zero-Knowledge Proofs (ZKPs) are garnering interest for their ability to verify cross-chain transactions without relying on third-party validators. Their ability to enhance scalability makes them a key component for addressing ecosystem challenges and driving the next phase of decentralized innovation.
“The 2024 Cross-Chain Interoperability Report aims to highlight both the incredible progress and the key challenges we face in connecting blockchain networks that have operated in silos so far,” said Josh Cincinnati, Foundation Council President of ICF. “As blockchain adoption increases, so do the number of tokens, chains, and associated communities. It’s easy to feel overwhelmed by the complexity. This report aims to demystify this complex ecosystem and showcases the industry’s efforts to build a more seamless, secure, and user-centric future.”
“This report showcases the huge progress made in connecting blockchains and rollups and how offering an interoperability solution is a must-have for all successful blockchain projects,” said Susannah Evans, IBC Product Manager at Interchain Inc. “Interoperability is a critical onboarding pathway, and leads to better outcomes for users. With solid interoperability, applications can’t rely on high exit costs to retain users and instead must compete along other differentiating factors. It also leads to new possibilities in the application design by enabling cross-chain workflows.”
The findings not only highlight the current state of blockchain interoperability but also offer a roadmap for its future growth and development. By addressing the current security vulnerabilities and improving user experiences, the industry can overcome major barriers to seamless cross-chain interactions, driving innovation and enabling more accessible and scalable blockchain ecosystems.
For more information or to access the full report, please visit here.
Susannah Evans is available for interview.
About the Interchain Foundation:
The Interchain Foundation is a Swiss non-profit that funds, stewards, and responsibly advances the Cosmos and the broader interchain, an ecosystem of sovereign blockchains. The Interchain Foundation supports the development and adoption of the Interchain Stack, a software suite for building L1 blockchains, including IBC, Cosmos SDK, Comet BFT, and CosmWasm. The Interchain Foundation is shaping a new technological paradigm that is open-source, interoperable, and community-owned.
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Fintech
Blocks & Headlines: Today in Blockchain (
Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.
Sony Ventures Into Blockchain With New Identity Solutions
Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.
Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.
Source: Sony Press Release
TRON’s Daily Revenue Skyrockets 119% in 2024
TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.
This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.
Source: Bitcoin.com
MIGMIG Partners With XT.com to Bring Blockchain Rewards
MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.
The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.
Source: Bitcoinist
Nano Labs Supports the Inaugural Presidential Crypto Ball
Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.
The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.
Source: PR Newswire
Bybit Card Partners With EnTravel for Luxury Travel Perks
Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.
The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.
Source: PR Newswire
Key Insights and Industry Trends
- Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
- Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
- Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
- Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
- Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.
The post Blocks & Headlines: Today in Blockchain ( appeared first on News, Events, Advertising Options.
Fintech PR
REALTY ONE GROUP IS THE NO. 1 REAL ESTATE BRAND FOR THE FOURTH YEAR IN A ROW
While Others Decline, the UNBrokerage is Again Named to Entrepreneur’s Prestigious Franchise 500(R) List For its Explosive Growth and Viability
LAGUNA NIGUEL, Calif., Jan. 14, 2025 /PRNewswire/ — Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest-growing franchisors in the world, is the No. 1 real estate brand for the fourth year in a row on Entrepreneur’s highly-competitive 2025 Franchise 500® list, just as the global franchisor celebrates its 20th anniversary this year.
This is the ninth year that Realty ONE Group has made the list, continuing to climb the rankings every year, with its closest real estate competitor now nearly 20 positions behind.
“Claiming the No. ONE spot on this widely-esteemed list, for the fourth consecutive year, further fuels the momentum we’re bringing into 2025 and our 20th anniversary,” said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. “And every year, as a result of testimonials like this and from our own raving fans around the world, real estate professionals and entrepreneurs come to us looking to share in the success and be a part of something special and UNique in this industry.”
Entrepreneur named Realty ONE Group International to the list for its network growth, financial strength, and brand power and said in a press release that… “The Franchise 500 is more than a list. It’s really a collection of life-changing opportunities, featuring strong and resilient brands that future franchisees will be proud to be a part of.”
The lifestyle brand continues to evolve all aspects of its full-service offerings, including its proprietary technology zONE, business coaching platforms, ONE University and all aspects of its 6C’s. The UNBrokerage as it is known in the industry has more than 20,000 real estate professionals in more than 450 offices in 49 states, Washington D.C., and 24 more countries, recently expanding into Bonaire and Curacao.
Learn more at www.OwnAOne.com.
About Realty ONE Group International
Realty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 20,000 real estate professionals in over 450 locations across 24 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
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Fintech
Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data)
Welcome to Fintech Pulse, your comprehensive daily update on the latest in financial technology. Today’s edition dives into funding rounds, leadership changes, and the evolving landscape of decentralized finance (DeFi) and fintech innovation.
Float Financial Secures $48.5 Million Series B Funding
Float Financial, a fintech startup positioned as the “Brex of Canada,” has successfully raised $48.5 million in a Series B funding round. The company aims to revolutionize financial services for small and medium-sized businesses (SMBs) across Canada, providing corporate cards and spend management solutions.
The funding will be used to expand its product offerings, invest in technology, and scale operations. With a growing demand for SMB-centric financial tools, Float is poised to challenge traditional banking systems and redefine how Canadian businesses manage their finances.
Source: TechCrunch
Alza Fintech Shuts Down Amid Industry Challenges
Alza Fintech, a promising startup backed by Thrive Capital and Stripe, has announced its closure. Known for its focus on financial inclusion for Latino communities, the company cited difficulties in scaling its operations and meeting market expectations.
This development reflects the broader challenges faced by niche fintech players in a competitive landscape. It also underscores the importance of sustainable growth strategies and robust operational frameworks in the fintech sector.
Source: Fortune
The Next Phase of DeFi: Fintechs and Exchanges Take the Lead
The decentralized finance (DeFi) space is entering a new phase, with fintech companies and exchanges taking a more active role in its evolution. Industry leaders are integrating DeFi functionalities into their platforms, making decentralized financial tools more accessible to mainstream users.
This trend highlights a shift towards a hybrid model, combining traditional financial services with decentralized technologies. Experts believe this approach could bridge the gap between conventional finance and the blockchain ecosystem, driving broader adoption of DeFi solutions.
Source: Fortune Crypto
Leadership Update: Goetz Moeller Joins Unzer as CFO
German paytech Unzer has appointed Goetz Moeller as its new Chief Financial Officer (CFO). Moeller brings extensive experience in financial management and strategic planning, having held leadership roles in prominent European financial institutions.
Unzer’s decision to strengthen its leadership team comes as the company focuses on expanding its presence in the European payments market. Moeller’s expertise is expected to drive financial discipline and support Unzer’s ambitious growth plans.
Source: Fintech Futures
Agora Data Welcomes Jeremy Beck as VP of Sales Strategy
Agora Data has named Jeremy Beck as its Vice President of Sales Strategy. With a rich background in the auto industry, Beck is set to lead Agora’s efforts to enhance its data-driven financial solutions for auto dealerships.
This strategic hire aligns with Agora’s vision to leverage big data and AI to transform auto financing. Beck’s industry expertise will play a crucial role in strengthening client relationships and driving innovation in the auto finance sector.
Source: PR Newswire
Industry Trends and Analysis
The fintech sector continues to witness rapid advancements and dynamic shifts. Key trends to watch include:
- DeFi Mainstreaming: Increased integration of decentralized finance tools into traditional platforms.
- Leadership Transitions: Strategic hires to navigate growth and market complexities.
- Niche Challenges: Survival strategies for fintechs targeting specific demographics.
- Tech-Driven Solutions: Growing emphasis on AI and big data in financial services.
- Market Expansion: Scaling operations to address regional and global opportunities.
The post Fintech Pulse: Your Daily Industry Brief (Float Financial, Alza Fintech, Thrive Capital, Stripe, Unzer, Agora Data) appeared first on News, Events, Advertising Options.
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