ChainCatcher news, Web3 security company ExVul stated on the X platform that Stargate has been down for nearly 6 hours. According to the Stargate team, the outage issue is due to a failure of DVN's Executors, and the LayerZero team is currently working on a fix.According to data on layerscan, there are currently 25.6k transactions stuck.ChainCatcher previously reported that PeckShield posted on the X platform stating that community reports indicate that Stargate is currently suspected to be down, with transactions experiencing delays. Please do not use Stargate for cross-chain fund transfers at this time.

ChainCatcher news, the cross-chain interoperability protocol LayerZero tweeted that it has launched on the re-staking chain Swellchain. In addition, users can now use Superbridge or Stargate to cross-chain assets such as weETH, USDe, rsETH, SWELL, swBTC, rswETH, or swETH.

ChainCatcher news, Gravity announced that during the launch process of its Layer-1 blockchain, it will upgrade from LayerZero to Chainlink CCIP as its standardized cross-chain infrastructure. This enhances the security and programmability of Gravity.Key update highlights are as follows:The native token of Gravity, G, will become a cross-chain native asset (CCT), providing developers with self-service deployment, zero slippage transfers, and greater programmability, while maintaining the high security standards of CCIP.Chainlink CCIP, relying on its decentralized oracle network, will greatly enhance the ability of Gravity network developers to build secure cross-chain applications.CCIP supports programmable cross-chain messaging and token transfers, providing developers with the necessary tools to build cross-chain applications.

ChainCatcher news, LayerZero announced on platform X that USDtb has been launched on Ethereum, Arbitrum, Solana, and Base, supported by LayerZero.ChainCatcher previously reported that according to official news, Ethena Labs announced the launch of a new stablecoin product USDtb supported by BlackRock BUIDL.

ChainCatcher news, Risitas Capital shared that LayerZero (ZRO) will hold a public referendum on December 19 to initiate fee conversion.According to previous official documentation, ZRO holders will always control the accumulation of protocol fees. An immutable voting contract enforces a public on-chain referendum every six months, allowing ZRO holders to vote on whether to enable or disable the protocol's fee switch.The LayerZero protocol may charge fees equal to the total cost of validating and executing cross-chain messages. For example, if the DVN and executor configuration chosen by the application charges a fee of $0.01 for transactions between Arbitrum and Optimism, LayerZero may also charge a fee of $0.01.If the fee switch is activated through governance, the referendum treasury contract will collect fees on the local chain and burn those fees.

ChainCatcher news, according to official sources, Aethir GPU has generated cross-chain multifunctionality demands due to its cloud infrastructure expansion. Based on this, Aethir is collaborating with the full-chain solution LayerZero to help bring multi-chain functionality into the Aethir DePIN stack and assist Aethir in migrating to the Sophon ZK chain. LayerZero's full-chain technology will ensure the smooth transition of ATH token rewards for checking nodes and Aethir Edge operators from the Arbitrum L2 network to Sophon, while maintaining network stability and ensuring a frictionless experience for the Aethir community.In addition, Aethir will utilize the Stargate full-chain liquidity protocol for cross-bridging, allowing users to easily perform cross-chain exchanges of ATH tokens.

ChainCatcher news, according to The Block, Across Protocol co-founder Hart Lambur proposed to permanently set a supply cap of 1 billion ACX tokens. If this proposal is approved by the community, Across Governance will relinquish all ownership control over the ACX tokens and set it to the 0x0 address to prevent any future minting or burning operations on the token supply.This move stems from previous criticisms by LayerZero Labs CEO Bryan Pellegrino regarding the Across token contract. Pellegrino pointed out serious issues with the contract, stating that its errors exposed an internal private burn function in the OpenZeppelin ERC-20 token implementation, allowing the contract owner to freely empty any wallet's tokens. He also noted that the Across Protocol and UMA protocol contracts have unlimited minting privileges.In response, the community believes this is more of a transparency issue rather than a security issue. Although Lambur initially denied these allegations, he later acknowledged that there were flaws in the design choices and stated that the new proposal reflects the "spirit of decentralization and transparency." The proposal is currently undergoing a temperature check vote, with a support rate as high as 99.5%.

ChainCatcher message, LayerZero CEO Bryan Pellegrino addressed the Across Protocol team on social media, stating, "I want to inform you that there is a critical issue with your token contract. You have incorrectly exposed a function that should have been an internal private function, which was written by Open Zeppelin in its ERC20 token implementation, designed to burn tokens, and granted it to the contract owner—this allows you to withdraw tokens from any wallet at any time and arbitrarily set any account's balance to 0.Additionally, both your Across Protocol and UMA Protocol contracts have the ability to mint unlimited tokens, but I have already notified you of these two issues, and you seem unconcerned. To resolve this issue without needing to reissue tokens:Transfer the contract ownership to a new smart contract to prevent the minting amount from exceeding the total supply and also disallow burning. Since this is a permanent vulnerability, the new contract must be immutable and should not include any functionality to transfer ownership. If you have an active bug bounty program, you can credit this information to the LayerZero team."

ChainCatcher news, LayerZero announced on platform X that it has launched on the ApeChain mainnet.ApeChain is built on Arbitrum and integrates with LayerZero's OFT standard, allowing APE to achieve seamless cross-chain transfers, enhancing utility across multiple blockchains while ensuring scalable and efficient transactions. At the same time, APE also serves as the native gas token supporting the ApeCoin ecosystem.

ChainCatcher message, LayerZero officially announced that it has been deployed to the Initia testnet and integrated with the interwoven stack. Through LayerZero's interoperability services, every chain built on the Initia interwoven stack can connect to external blockchains, such as Ethereum, Solana, Arbitrum, and Tron. Developers and applications from over 90 chains already connected to LayerZero can start exploring the interwoven ecosystem on the Initia testnet.

ChainCatcher news, LayerZero Labs CEO Bryan Pellegrino posted on X that LayerZero has recently been processing a stable 36,000 messages daily, which is equivalent to about 1,500 transactions per hour (25 transactions per minute, or approximately one every 2 seconds).It is worth noting that the current daily message count for LayerZero is still about 95% lower than last year's peak (766,000 messages/day).

ChainCatcher news, the cross-chain interoperability protocol LayerZero announced that it has launched on the Unichain testnet. Developers and applications connected through LayerZero to over 90 chains can now explore Unichain.Previous news, the Uniswap development team Uniswap Labs announced the launch of its own L2 network Unichain. This network is built on the Optimism OP Stack technology.

ChainCatcher news, Sonic Labs (formerly Fantom) chooses LayerZero to provide interoperability for Sonic.

ChainCatcher news, stablecoin protocol Usual has partnered with LayerZero. With LayerZero's cross-chain interoperability, the Usual protocol will introduce Layer 2 networks.In addition, Usual stated that it is also focusing on collaborations in CeFi and other areas, aiming to establish a seamless bridge between decentralized finance and traditional finance.

ChainCatcher news, according to The Block, the cross-chain messaging protocol LayerZero is experiencing a revival of activity after announcing its second airdrop event, with the average daily message volume rising to 98,000 on Saturday. This recent surge represents a 433% increase compared to the previous low of 18,400 messages, indicating that the protocol has rekindled interest. The protocol's recent activity had been sluggish, with the average daily message volume hovering around 20,000 for several weeks.The announcement of the second round of airdrops appears to be the catalyst for this sudden increase in activity. Wallets that received ZRO tokens in the first round but showed no subsequent activity will be excluded from this round of airdrops, thereby incentivizing genuine users to continue engaging with the protocol.

ChainCatcher message, the LayerZero Foundation posted on social media that the claim period for its token ZRO has ended, and all unclaimed tokens will be redistributed to the wallets that previously claimed the airdrop. However, wallets that claimed ZRO but did not conduct any transactions after the TGE will no longer receive any tokens. Additionally, wallets identified as witches in the first or second round of audits are also ineligible. Wallets that claim ZRO after the TGE and have used LayerZero at least once are eligible for additional tokens.

ChainCatcher news, the LayerZero Foundation announced a collaboration with a16z Crypto, Animoca Brands, Atrum, Delphi Ventures, Faction, Franklin Templeton, King River, Lightspeed, PayPal Ventures, and Spartan to launch the lzCatalyst program, aimed at providing a total investment of up to $300 million for new full-chain applications built around LayerZero.