Allbridge Core

**Important Update**: Allbridge Core is deprecating Polygon USDC.e following the ecosystem's transition to Circle-issued native USDC. **Key Dates**: - Aug 19: Swap and bridge functionality ends - Sept 12: Final deadline for LP liquidity withdrawal - Nov 10: Circle ends support for USDC.e deposits/withdrawals **Native USDC Benefits**: - Direct integration with 400+ Polygon DeFi protocols - Eliminates bridge requirements - Enhanced liquidity and accessibility - Backed by Circle's $25B+ market cap stablecoin *Action Required*: LPs must withdraw liquidity by Sept 12. Users should verify correct contract addresses for both USDC and USDC.e tokens.

ForkLog has published an analysis examining the critical role of messaging systems in cross-chain bridge infrastructure. The article explores: - Technical aspects of cross-chain communication - Security considerations in bridge messaging - Current challenges and solutions This follows their earlier coverage of permissionless bridging developments, highlighting the growing focus on interoperability in blockchain infrastructure. [Read the full article](https://bit.ly/4meRCe0)

The stablecoin market has reached a significant milestone with total market capitalization hitting $233 billion. Key developments include: - USDT (Tether) maintains market leadership with 63% share - USDC shows strong growth, now controlling 25.7% of market - Regulatory adoption driving USDC's expansion - New entrant USDe (Ethena) joins top 5 with $6B+ in circulation This growth signals increasing mainstream adoption of digital assets and highlights stablecoins' crucial role in bridging traditional finance with crypto markets. The multi-stablecoin ecosystem continues to evolve, with different tokens serving various market needs.

AllbridgeCore reports $1.4 billion in total bridged volume between Solana and various blockchain networks, marking significant growth in cross-chain activity. The milestone highlights increasing adoption of Solana's ecosystem for inter-blockchain transfers. This volume has remained stable since October 2024, when the platform first reached the $1.4B mark. - Solana maintains position as preferred chain for AllbridgeCore users - Volume indicates sustained trust in cross-chain infrastructure - Stable growth pattern observed over recent months

Allbridge Core, a cross-chain bridging protocol, has achieved $2 billion in total transaction volume. This represents significant growth from their previous milestone of $1.4 billion reported in October 2024. Key metrics: - Current volume: $2 billion all-time - Previous milestone: $1.4 billion (October 2024) - Growth: $600 million in ~2 months The platform continues to show steady adoption in cross-chain transfers.

**@avelykyy** from the Allbridge Core team will be attending **Devcon 2024**. - Team encourages community members to connect during the event - Opportunity for in-person meetings and discussions - Attendees can reach out directly to @avelykyy or the team *Looking to meet? Drop a line to coordinate meetups during the conference.*

Allbridge Core marked significant developments in October with several key achievements: - Successfully integrated USDT support on Solana network - Presented platform progress at Meridian 2024 conference - Established new strategic partnerships - Reached important product metrics milestones The integration expands cross-chain capabilities for stablecoin transfers, enhancing the platform's bridging infrastructure. *Want to learn more?* Check out the detailed monthly report for comprehensive insights.