LI.FI Update - August 2024
We've designed these updates to keep you informed about the latest integrations, numbers, partnerships, and any noteworthy developments in our day-to-day operations — aka the juicy alpha from the core team!
In this article you will find:
LI.FI Recap: What happened in the past month
Dev Update
Community Update
New Integrations & Partnerships 🥁

1) LI.FI x Sphere Finance
https://x.com/lifiprotocol/status/1828115232868155879
https://x.com/lifiprotocol/status/1830621605325623718
Developer Updates 🧰

LI.FI Widget & SDK Improvements 🧰
i) Widget Release (3.4.4)
Optimized wallet SDKs and load them lazily on demand
Updated the widget layout so it can be better presented on mobile
Added a hook to adjust fees per each route request
Added additional fee tool options and improved fee collection card
Improved integrator step details with configurable options to enable
/disable showing fees
Improved the display of estimated transfer duration with seconds precision
Avoid from amount and from token reset if those fields are disabled
Enabled provenance for the @lifi /widget package, so now we have a nice green checkmark on NPM
Added dynamic wallet management and deposit flow examples
ii) SDK Release (3.1.5)
Added address fallback for locally created wallet clients
Enabled provenance for the @lifi/sdk package, so now we have a nice green checkmark on NPM
Solana Swaps LIVE 🔁
Integrate LI.FI on Solana and equip your app to provide users with a simplified and user-friendly experience. Get started today: https://docs.li.fi/li.fi-api/solana
https://x.com/lifiprotocol/status/1825837109464179187
LI.FI adds Bitcoin Support 💡
Thanks to our Thorchain integration, native $BTC swaps are just a few lines of code away. It’s time to bring Bitcoin directly to your users—no hoops, no hurdles. Start today: https://docs.li.fi
https://x.com/lifiprotocol/status/1829459086976618882
Marketing Mania 🎉

Vibe Check: Hyperlane Edition AMA 🎙️
https://x.com/lifiprotocol/status/1824085906002727268
Thorswap X Space 🎙️
https://x.com/lifiprotocol/status/1826310994605605082
Sphere Finance X Space 🎙️
https://x.com/lifiprotocol/status/1827043141179871550
Are Bridges Just Multi-Sigs ❓
https://x.com/lifiprotocol/status/1825611028182479039
Ecosystem Updates 💡

A Primer on Bitcoin L2s 💡
Bitcoin has always been at the heart of crypto. However, by design, it processes a limited number of transactions per second, leading to slower transaction times and higher fees, especially during periods of high demand.
This scalability issue is compounded by the periodic halving of block rewards, which reduces the incentives for miners and can lead to higher transaction fees.
So, how can Bitcoin evolve to meet growing demands of the rapidly expanding DeFi ecosystem without sacrificing its core principles? This is where Bitcoin L2s come in.
Let's dive in and explore the world of Bitcoin L2s. Read More: https://li.fi/knowledge-hub/a-primer-on-bitcoin-l2s/
https://x.com/lifiprotocol/status/1825535289185423588
LI.FI Unlocks Bitcoin 🔓
We’re thrilled to announce a big step forward in unlocking Bitcoin for everyone. LI.FI now supports native $BTC swaps via ThorChain, a leading cross-chain liquidity protocol. This integration, facilitated by SwapKit, unlocks seamless swaps between native Bitcoin ($BTC) and popular EVM chains, making Bitcoin more accessible than ever before.
https://x.com/lifiprotocol/status/1823751660830908768
Base’s Blueprint for Crypto Adoption 🔵
L2s are everywhere, but what makes Base interesting? How did Base become the fastest-growing L2 in under a year? We had the same questions, so we put together a piece answering all of them.
https://x.com/lifiprotocol/status/1823011585629339845
Zaps: One-click Solution for Apps ⚡️
Single-chain limitations can stunt your app's growth.
Zaps combine swap, bridge, and deposit actions into one action, enabling your app to tap into new ecosystems and reach more users—just with a click.
Scale your app with Zaps: https://docs.li.fi/li.fi-api/xchain-zaps
https://x.com/lifiprotocol/status/1825472839417581942
Community Updates 🫂

https://x.com/lifiprotocol/status/1828454578884677988
Coming Soon:
New Articles / Interviews — More deep dives for bridges and DEXs we’re integrating. Additionally, we’ll also be working on interesting topics related to the multi-chain ecosystem as we continue building our Knowledge Hub. Partnerships — New integrations and partnerships are being worked on around the clock by our biz-dev maestros, we will keep you posted as they go live.
Till next time LI.FI fam!
Disclaimer:
This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.
