MAP Protocol September Updates

Hello MAP Protocol community! September has been a bustling month filled with significant technical developments, interactive community engagements, and exciting new partnerships. Dive in to get a detailed overview of all the accomplishments and advancements we’ve made this month.

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Key Technical Updates

🌀 Omnichain Connectivity

Cosmos

✅ Successfully developed support for the ibc-go v7 with Cosmos relayer.

✅ Achieved development support for the ibc-go v7 with the MAP relayer.

✅ Completed the ibc-go v7 TendermintMockClinet contract development, enabling the storage and validation of the state on the Cosmos chain.

🚧 Undertook cross-chain tests from Cosmos to MAP Protocol, identifying and resolving issues encountered during the testing process. Currently, there’s a revert issue when relaying messages to contracts that need further investigation.

Wrap-up: The technical team made significant strides, especially with the Cosmos integration, though some prototype validation tests are still ongoing.

Klaytn

✅ Cross-chain connectivity achieved, MAP Protocol has successfully connected with Klaytn.

For more details please view our documentation on Chains Connected and Corresponding Addresses.

🪙 MRC-20

Aiming to make it possible for dApp tokens to coexist on any chain and for users to transact without worrying about which chain they should be using, MRC-20 will empower seamless token interaction governed by trustless data cross-chain mechanisms, free from bridges or complex coding.

• 🚧 Browser display enhancements are underway.
• 🚧 The design and development of the landing page are in progress.

📊 Latest cross-chain data

Cross-chain data insights on MAPO Scan

• MAP Relay Chain has 581,227 active addresses and over 3.9 million cross-chain transactions.
• The total volume of cross-chain assets supported by MAP Protocol’s omnichain infrastructure has reached 🔥 over 297 million 🔥.
• Polygon accounts for 52.4% of the total cross-chain volume, reaching over $155 million; NEAR Protocol about 31.2%, reaching over $93 million. Klaytan, BNB Chain, and Ethereum come next.

Data Insights of MAP Protocol on Defillama

• The Total Value Locked (TVL) in MAP Protocol now stands at $457,201 with $15,891 volume in the past 7 days.
• View details here: https://defillama.com/chain/Map?tvl=true&currency=MAP&volume=true

Community

🎤DOKDODAO AMA

Our core dev Calpa joined another insightful AMA hosted by DOKDODAO.

Topic: How was the #KBW2023 and #Token2049? and What should we do next?

🇰🇷 KBW 2023 — Pioneer the Future of Web3

Together with over 300 innovators, industry leaders, and blockchain builders, MAP Protocol and NKN’s #KBW2023 Pioneer the Future of Web3 night was a huge success. Thanks to everyone who made the night possible!

FIL Seoul Network Base

Our core dev Jason for the detailed walkthrough on innovative use cases of MAP Protocol’s peer-to-peer cross-chain technology in 852DAO and omnichain payment.

Block Buzz Meet

Topic: Unlocking the Potential of Zero Knowledge

Another exciting and insightful discussion offline at the meetup hosted by Metis and Leland Ventures. Together with speakers from ZK Pass, Project ZKK, OKX Ventures, Leland Ventures, and Neo Blockchain, our core dev Jason is sharing how MAP Protocol has innovatively used ZK technology for more efficient peer-to-peer #crosschain verification & his insights on zero knowledge use cases.

🙌 Partnerships

MAP Protocol x Klaytn

MAP Protocol and Klaytn Foundation, the non-profit entity driving global adoption of Klaytn — a prominent public blockchain platform in South Korea — have announced a strategic partnership that signals a significant leap forward in the blockchain technology landscape.

Details: https://twitter.com/MapProtocol/status/1704722283355574505

MAP Protocol x everPay

We’re on everPay, the Arweave All-In-One Web3 Infrastructure Provider! everPay has officially listed the $MAP token. All the $MAP holders can now benefit from instant transactions, no fees, and enhanced security, all powered by everPay.

Details: https://twitter.com/MapProtocol/status/1705135060494807057

MAP Protocol x Vortex

Vortex, a liquidity aggregation orderbook based on ZK-SNARk, is joining the MAP Protocol omnichain ecosystem.

Details: https://twitter.com/MapProtocol/status/1698830897800491218

Thank you for taking the time to stay updated with the latest happenings in our MAP Protocol community. For real-time conversations and immediate updates, we encourage you to join our vibrant Telegram community.