Taraxa Progress Update: August, 2024
Published in
2 min readSep 3, 2024
State of the network as of September 2, 2024:
- 2.1 billion TARA staked and delegated
- 66 active consensus nodes on the Mainnet
- 2,384 active consensus nodes on the Testnet
- 13,182 unique wallet addresses on the Mainnet
Ecosystem Highlights:
- Taraxa’s Ficus Root Bridge successfully launched in August, 2024! This enables cross-chain transfers of assets, data, and enables subGraphs in the future on Taraxa!
- Taraxa’s Ficus Root Bridge’s audit report by Trail of Bits was published, giving the community full transparency into the security guarantees of the bridge.
- Taraxa completed its rebranding, bringing with it not just a new logo but a modernized look & feel to help enhance user experiences in the Taraxa community.
- LARA, a liquid staking Taraxa ecosystem project, completed its very successful pre-sale in August, 2024, and launched its first trading pair on HerbSwap. The liquid staking protocol will become functional very soon!
- TradingStrategy enters the Taraxa ecosystem by partnering with trendSpotter — a set of automated trading strategies built on top of Echo — by providing access to assets on DEXs across numerous decentralized ecosystems, check out the AMA recording.
- FusySwap, a DEX in the Taraxa ecosystem, launched in August, 2024 with v2 Uniswap pools and an ERC-20 launchpad. They’re currently working to optimize their front-end user experience, but feel free to check them out!
🪁 Keeping up with the latest in Taraxa
Stay tuned! 🪁
