The Protocol: Bitcoin Gets a DEX, Union Labs Gets $12M

The Protocol: Bitcoin Gets a DEX, Union Labs Gets $12M

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Marc Hochstein, CoinDesk’s deputy editor-in-chief for features, opinion and standards.
In this issue:
Bitcoin gets a DEX, thanks to the Nomic bridge
Union Labs gets $12M to build more bridges
Base’s Jesse Pollak looks back on BALD
Justin Drake discusses Ethereum’s Beam Chain plan … and Solana
Network News
STRENGTH FOR ETH: The Ethereum blockchain’s transaction revenue has increased substantially since Donald Trump’s U.S. election victory, Steno Research said in a Monday report. „This outcome is crucial for all on-chain activity,” wrote analyst Mads Eberhardt. The surge has led to higher staking rewards and more ether (ETH) being burned via transaction fees, the report said. „This combination strengthens Ethereum’s tokenomics,” Steno said, making ether a more appealing asset. Steno noted that the amount of USDT on the Ethereum network surpassed supply on the Tron bl

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