ChainCatcher message, Frax Finance announced a partnership with NEAR Protocol on X, further realizing the multi-chain vision through programmable money and user-owned artificial intelligence.Currently, over $5.5 million of FRAX has been bridged and provided to NEAR ecosystem DeFi projects Burrow Finance and Ref Finance. Frax's yield-bearing dollars and ETH assets sFRAX and sfrxETH will also power NEAR DeFi.Additionally, through this collaboration, Frax will integrate NEAR DA into Fraxtal, serving as a liquidity hub for all cryptocurrencies.

ChainCatcher news, according to official sources, the NEAR Data Availability Layer (DA) has been integrated with Polygon CDK for developers to build Ethereum ZK Rollups.In addition, the officials stated that NEAR DA is 80,000 times cheaper than DA on Ethereum, and it boasts ultra-high speed and high reliability. Through the NEAR DA integration, Rollups can benefit from lower data availability costs to reduce their overall expenses.

ChainCatcher news, the NEAR Foundation announced that its NEAR Data Availability layer (NEAR DA) is now available for Arbitrum Orbit, a tech stack that allows developers to launch their own configurable lightweight chains based on Arbitrum's technology. Arbitrum Orbit is a platform that provides L2/L3 scaling solutions for Ethereum, enabling developers to build dedicated chains with their own configurations. By integrating NEAR DA, lightweight chain builders can benefit from lower data availability costs, significantly reducing the overall overhead of lightweight chains.