Blockchain Weekly Digest — June 3rd, 2024
Pioneering the DePIN Revolution with Cosmos SDK, Realio Enter Interchain, Stargaze: The Interchain NFT Hub, Cardano Weekly Development Update, SubQuery Boosts Data Access for Agoric Developers, Swing and Kava Chain Integration, Stride Integrates with Namada for Onchain Data Protection, and Stride’s Hyperlane Bridge Live: Bridge TIA to Forma.
The Blockchain Weekly Digest covers key updates and developments across multiple blockchain projects. Leading the way this week — The DePIN movement uses blockchain for decentralized infrastructure, leveraging Cosmos SDK for efficient blockchains. Realio partners with evmOS to enhance PoS blockchain interoperability, while Stargaze offers an NFT platform with zero gas fees and on-chain royalties. Cardano’s updates include scaling and governance advancements. SubQuery boosts Agoric’s data querying, and Swing integrates Kava for cross-chain swaps. Stride and Namada collaborate on data protection, and Stride’s Hyperlane bridge facilitates seamless TIA transfers in the Celestia ecosystem. Navigate through the quiet, yet captivating waters of the crypto world in this weekly roundup. Keep reading for a detailed exploration of each update.
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Cosmos
Pioneering the DePIN Revolution with Cosmos SDK
The DePIN movement is gaining traction by leveraging blockchain to decentralize critical infrastructure like wireless networks and power grids. With a market cap exceeding 32 billion, it signifies a shift towards decentralized systems. The Cosmos SDK benefits DePIN by enabling tailored, high-performance blockchains with sub-second block times, low fees, and scalable performance. It supports diverse security models, predictable fees, and secure connectivity. Notable projects using Cosmos SDK include Akash and Soarchain. The SDK’s flexibility and efficiency make it ideal for DePIN projects, paving the way for innovative and scalable decentralized infrastructure solutions.
Check it out the blog post 👉 here.
Realio Enter Interchain
The Realio Network partners with Evmos to upgrade to evmOS, enhancing its capabilities for building customizable, interoperable PoS blockchains with EVM compatibility. This partnership leverages IBC for transactions across over 90 chains and introduces a multi-staking PoS consensus mechanism for RIO and RST tokens. Realio developers can access Cosmos native functionality within the Solidity environment, enabling the issuance and transfer of user-created assets across multiple Layer-1 blockchains. This collaboration aims to foster innovative dApp development, automate compliance, widen investor access, and create a more efficient and transparent financial system through the interconnected strengths of Realio and evmOS.
Check it out the blog post 👉 here.
Stargaze: The Interchain NFT Hub
Stargaze is a community-owned NFT platform on the Cosmos SDK, featuring enforced on-chain royalties and zero gas fees. It utilizes the Interchain Stack for interoperability and integrates CosmWasm for secure smart contracts in Rust. Stargaze aims to simplify NFT creation and trading across blockchains, addressing high gas fees and interoperability issues. Unique features include on-chain live auctions and a loyalty program for STARS stakers. Future plans include a Marketplace v2 for NFTs denominated in any IBC asset and the launch of a native DEX for NFT-fi applications, fostering a decentralized, community-driven environment.
Check it out the blog post 👉 here.
Cardano
Cardano Weekly Development Update
The weekly development report highlights key advancements across multiple areas. In core technology, significant progress was made on the UTXO-HD project, and updates were provided on the quickcheck-state-machine library and technical working groups under Intersect. Scaling efforts included the Hydra team’s release of version 0.17.0, protocol upgrades, and the Mithril team’s work on transaction certification and new protocol insights. SanchoNet updates focused on on-chain governance and community participation, while the Catalyst initiative featured community engagement and voting registration for Fund12. The education team is developing lectures for the Cardano Developer Course and content for Mastering Cardano.
Check it out the blog post 👉 here.
Agoric
SubQuery Boosts Data Access for Agoric Developers
SubQuery welcomes Agoric as a new customer, offering them a robust data indexing solution for blockchain developers. By leveraging SubQuery’s capabilities, Agoric enhances data querying efficiency, transaction processing, and real-time analytics, providing users with valuable insights into liquidity and asset movements. SubQuery powers the Inter Protocol Dashboard, enabling comprehensive information on the Inter Stable Token (IST) and other key metrics. Agoric developers benefit from SubQuery’s developer support, open-source SDK, and managed services, driving innovation in web3 infrastructure and decentralizing the future of blockchain development.
Check it out the blog post 👉 here.
Kava
Swing and Kava Chain Integration
Swing proudly integrates Kava into its ecosystem, enabling seamless cross-chain swaps between Ethereum Virtual Machine (EVM) and the Kava app-chain, a significant move toward democratizing decentralized cross-chain crypto liquidity. This integration empowers Web3 developers to build dApps on the Kava app-chain, offering cross-chain swap functionality to end users while leveraging Swing’s seamless integration capabilities. Users can swap tokens from various chains for KAVA/USDT on the Kava app-chain, supported by Ethereum, Polygon, Arbitrum, BSC, Avalanche, Optimism, Fantom, and Moonbeam. With Kava Network’s blend of Cosmos SDK speed and scalability and Ethereum’s developer support, developers can innovate for Web3 and next-gen blockchain technologies, making KAVA token crucial for network governance and staking. Swing’s streamlined development process and dedicated pipeline for accessing decentralized cross-chain crypto liquidity offer a seamless experience for Web3 and Web2 businesses, providing SDK, API, Widget, and No-Code tools for developers to explore decentralized cross-chain swaps effortlessly.
Check it out the blog post 👉 here.
Stride
Stride Integrates with Namada for Onchain Data Protection
Stride protocol is integrating with Namada to build onchain data protection solutions. Namada, a shielded asset hub, supports Stride’s liquid staking tokens (LSTs) in its multi-asset shielded pool (MASP), rewarding users with NAM tokens for shielding assets using zero-knowledge technology. This integration enhances data protection across Cosmos, Ethereum, and beyond, while Stride ensures high security through interchain measures and open-source audits. This collaboration promises revolutionary data protection and simultaneous staking rewards for users.
Check it out the blog post 👉 here.
Stride’s Hyperlane Bridge Live: Bridge TIA to Forma
Stride has launched its Hyperlane bridge, enabling seamless transfers of Forma’s native token (TIA) from Celestia to Forma. Forma, the first sovereign rollup on Celestia, focuses on NFTs and artistic expression. Stride’s Hyperlane makes IBC extensible, routing TIA transfers to many non-IBC chains and enhancing its utility in the Celestia ecosystem. Users can now bridge TIA to Forma to mint their first Celestia NFT.
Check it out the blog post 👉 here.
Thank you for reading.
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We aim to decentralize the Proof-of-Stake blockchain ecosystem. We’re highly familiar with the Tendermint-based blockchains such as Cosmos, Kava, Quicksilver; Ethereum and EVM-chains like Harmony; and substrate-based chains such as Cardano. Our global team is continuously improving our automations and constantly monitoring our operations to ensure high availability and resilience.
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