Function X Celebrates Third Anniversary as It Prepares for a New Future
We are proud to celebrate the third anniversary of Function X!
We’d like to commemorate the occasion by reflecting on the accomplishments and milestones we have achieved from 2023 until today:
- $72+ million TVL
- 1.5+ million transactions
- 16+ million total blocks
- 132K+ addresses
- 73 validators
- 409+ million $FX tokens delegated to f(x)Core validators
- 35 governance proposals passed since the start of 2023 until now
- Launched our very own podcast FXcast with 15 episodes and counting
- Launched Meme and Culture Fund
- Revamped the website
Improvements to f(x)Core and Technical Contributions to Cosmos SDK
In 2023, the tech team conducted extensive custom development on the f(x)Core mainnet. Most of these developments on f(x)Core are based on the Cosmos SDK, with significant improvements made to the Cosmos SDK to meet our specific needs. The tech team has also innovated upon a transaction matching system for MarginX.
The tech team will continue to improve and contribute to the Cosmos SDK, and will soon launch a series of new features such as Omnichain, which will be detailed in the technical updates over the coming months.
New partnerships with renowned projects and institutions
2023 has been a productive year for partnerships. We have extended our network of partners to include Axelar, Supra, Leap Wallet, ChihuahuaChain, Coinhall, and Korean University’s Blockchain Valley.
Axelar has integrated f(x)Core into their cross-chain network through IBC, enabling interoperability between f(x)Core and other L1 chains such as Osmosis. Supra has deployed their Supra Pull oracle feeds on f(x)Core, enabling our users and DApps to access low latency on-demand price feed updates. Joining our list of validators is Blockchain Valley, a university student-run DAO at the esteemed Korean University. We also worked with Coinhall, which now supports the $FX/$OSMO pair on Osmosis. Last but not least, we partnered with the leading meme L1 in Cosmos, ChihuahuaChain, and are in the process of helping them launch a meme project on f(x)Core.
The Future of Function X
What’s more important than what we have achieved in the past are our plans for the future. Zac recently shared a temperature check post in StarScan forum, outlining a vision of where Function X will be headed. I’m glad to see that many members of our community have participated vigorously in the forum sharing their thoughts, opinions, and even disagreements. It’s a testament to the openness and vibrancy of our community.
We have also organized an AMA on X Spaces where Zac, Peko, and I shared the reasons behind the merging of the Function X and Pundi X Chain into a common brand as well as addressed the community’s concerns and questions. We will continue to work on refining and fine-tuning the Pundi FX vision and transition in order to remain competitive and forward-looking while taking into account feedback from our community.
Conclusion
We’re deeply grateful to our loyal community, whose persistent support has been invaluable to our journey and success. As we attempt to strike out on a new future amidst a radically changing world, we will continue striving for our mission to actualize a decentralized future where individuals have full control over their digital assets and personal information.
