LI.FI / Jumper

Jumper Exchange, a platform powered by Lifi protocol, achieved a new all-time high in daily transactions on March 26th, processing 46,000 transactions in a single day. Additionally, Jumper has surpassed 2 million transactions since the beginning of 2024, averaging 25,000 transactions per day. This data was provided by bilalkhan360 and Dune Analytics. Jumper Exchange is a developer solution offering advanced bridge aggregation with decentralized exchange connectivity.

On March 27th, 2024, an intern at Linea, a developer solution providing advanced bridge aggregation with decentralized exchange connectivity, made a change that resulted in significantly lower fees on the Linea platform. While the specific details of the intern's actions were not disclosed, the impact on fee reduction was substantial.

Jumper, a decentralized finance (DeFi) protocol, has emerged as one of the top platforms by user activity within the last 30 days. The protocol offers advanced bridge aggregation capabilities, allowing users to seamlessly transfer assets across different blockchain networks. Additionally, Jumper provides connectivity to decentralized exchanges (DEXs), enabling users to trade and swap tokens efficiently.

The Base chain has emerged as a popular destination for DeFi users seeking high yields and leveraged opportunities. Projects like Aerodrome, Beefy Finance, Aave, ExtraFi, and Avantis Finance offer attractive returns for liquidity providers, stablecoin lending/borrowing, and leveraged yield farming strategies. Aerodrome boasts over $350 million in liquidity and $330 million in weekly volume, with LP rewards up to 21% APY. Beefy Finance allows staking Aerodrome LP tokens for up to 88% APY. Aave and ExtraFi provide low borrowing rates and high yields on stablecoins, respectively. Avantis enables leveraged LP positions with potential yields up to 60% APY. However, these strategies involve risks, and users are advised to conduct thorough research before engaging.

A developer community has introduced a solution aimed at enhancing the user experience for cross-chain transactions. The solution provides advanced bridge aggregation capabilities along with connectivity to decentralized exchanges (DEXs). This development aims to streamline the process of transferring assets across different blockchain networks, potentially addressing a significant pain point in the realm of cross-chain interoperability.

Users who bridged assets to the Optimism network via the Across protocol on Jumper are now eligible to claim rebates in the form of OP tokens. Across, a developer solution providing advanced bridge aggregation with decentralized exchange connectivity, has facilitated this rebate program.

DeGuard VPN, a developer solution providing advanced bridge aggregation with DEX connectivity, is rewarding its Gold and Silver Tier Loyalty Pass Season One holders with entry to a raffle for 300 DeGuard Web3VPN NFTs. Platinum tiered users will have their DeGuard NFTs sent directly to them. Participation in the raffle campaign is required for eligibility.

According to reports, the bull market has been called off until further notice. Investors and traders are advised to exercise caution and manage their positions accordingly during this period of market uncertainty.

Transaction fees across major Layer 2 networks, including Arbitrum, Base, Optimism, and zkSync, have experienced a drastic overnight reduction of 50-99%. This development is attributed to the implementation of blobs, a technological solution. The new fees range from $0.01 on Optimism to $0.14 on Arbitrum, providing users with more cost-effective options for bridging and swapping cryptocurrencies on platforms like Jumper.

Connext, a developer solution providing advanced bridge aggregation with DEX connectivity, is currently incentivizing users to bridge from the Ethereum mainnet to Layer 2 solutions. The company is offering positive arbitrage opportunities for those who utilize their Jumper platform to bridge to Layer 2 networks. This move aims to alleviate congestion on the Ethereum mainnet and promote the adoption of scalable Layer 2 solutions.