Allbridge Core

Allbridge has published its November progress report highlighting several key developments. **Major Updates Include:** - New deposit addresses functionality - ABR0 reveal and implementation details - Achievement of new operational milestones The report covers progress across multiple areas of the platform's development. Users can access the full report and technical implementation details through the provided links. [Read the full November report](https://bit.ly/4rtCsol) [Explore implementation details](https://bit.ly/4rBaLdc)

**Allbridge Core** has introduced **Deposit Addresses** for DAO treasury management, allowing organizations to streamline multi-chain operations. **Key Features:** - Assign unique deposit addresses for each blockchain - **Automatic routing** of inflows to main treasury wallet - Eliminates manual wallet juggling and bridging - Supports stablecoins across multiple chains The solution addresses a common pain point for DAOs managing assets across different blockchains. Instead of monitoring multiple wallets, treasurers can now use a single system that consolidates all incoming funds. **Benefits for Organizations:** - Simplified treasury operations - Reduced operational overhead - Seamless cross-chain payment acceptance - Automated asset consolidation This builds on Allbridge Core's existing infrastructure for cross-chain stablecoin bridging between EVM and non-EVM networks. [Learn more about Deposit Addresses](https://bit.ly/4pmSKgJ)

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.