Nuffle Labs, previously tied to the NEAR Foundation, has rebranded to MoreMarkets and is now focused on building an integrated liquidity market. According to The Block, citing a project spokesperson, MoreMarkets aims to enable users to earn yield within the Ethereum ecosystem without needing to bridge tokens from other blockchains.
Formerly known as NEAR Modular, Nuffle Labs became an independent entity in June 2024, securing $13 million in funding, including a strategic grant from the NEAR Foundation and investments from external backers. Now operating as MoreMarkets, the infrastructure project is shifting its focus to creating a seamless liquidity market. This will allow users to generate returns on cryptocurrencies and tokens issued outside Ethereum by swapping them for “wrapped” receipt tokens in the target network.
MoreMarkets is developing a system of smart contracts to power its integrated liquidity market, including:
“Instead of forcing assets to cross bridges between networks or locking them into fragmented liquidity pools, we enable native assets to remain on their home blockchains while granting them direct access to DeFi,” said Altan Tutar, co-founder and CEO of MoreMarkets.
Tutar added that this innovation will unlock cross-chain liquidity: “Our integrated liquidity system allows XRP and other valuable assets to not only generate yield but also serve as collateral—all without leaving their original networks. This will unlock hidden capital and create a truly open liquidity market.”
The team plans to launch MoreMarkets on the mainnet on April 19, 2025. By enabling assets like XRP to participate in Ethereum’s DeFi ecosystem without bridging, MoreMarkets aims to bridge the gap between blockchains, enhancing liquidity and opening new opportunities for crypto holders. This development could reshape how cross-chain assets are utilized, offering a streamlined solution for yield generation and collateral use.
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