# Creating a Unified Liquidity Layer Across Web3 || Jonathan Lim,

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2024-07-12
- Duration: 12:39
- Topics: cryptocurrency, blockchain, fintech, developers, ethereum
- Watch: https://streameth.org/watch/66912db4204c615d53806696

## Description

Creating a Unified Liquidity Layer Across Web3 The video features Jonathan Lim, a product manager at Circle, discussing the current state and future of stablecoins. He begins by engaging the audience with a mood check and then proceeds to talk about his dislike for the term "stablecoins," suggesting that it implies a lack of dynamism, which he disagrees with. Lim highlights the market validation of stablecoins through traditional financial players entering the space. He shares statistics about the Cross-Chain Transfer Protocol (CCTP), including $10 billion transferred since launch, $250 million in weekly volume, 1 million unique transactions, and involvement from over 50 active developers.

Lim emphasizes the importance of network effects and shows how adoption increased as more chains were added to CCTP. He discusses capital efficiency in terms of USDC circulation moving cross-chain and presents data on increasing interchain velocity. The impact on users is shown through the generation of 47K multi-chain wallets since CCTP's launch.

He briefly touches on an incentive campaign spike in wallet creation due to airdrop farming but clarifies that it's not a primary use case for CCTP. Lim's vision is for CCTP to help users enjoy multi-chain benefits without drawbacks like fragmentation. He illustrates cross-chain volume with a chart showing thick lines between certain nodes, indicating high