Taiko Celebrates 90 Days Since Mainnet Launch
Taiko, a groundbreaking Ethereum-based rollup, has reached a significant milestone of 90 days since the launch of its mainnet. The platform has achieved remarkable progress in the blockchain space, reshaping the Ethereum community’s perception of rollups. According to taiko.mirror.xyz, Taiko has not only achieved significant milestones but has also made substantial contributions to the Ethereum ecosystem.
Explosive Growth in Network Activity
Within a short span of three months, Taiko’s mainnet has witnessed an impressive increase in network activity. With over 110 million transactions processed, Taiko has set a new standard in the crypto industry. The daily transaction volume has reached 2.2 million, showcasing the network’s scalability and popularity. Moreover, Taiko has attracted more than 1.2 million unique wallet addresses, highlighting a strong user base.
Profitable Decentralization
Taiko has demonstrated the viability of decentralized and permissionless rollups by proving their profitability. This challenges the existing beliefs about Ethereum and opens up new opportunities for scaling solutions. This milestone is expected to have a lasting impact on the perception of Ethereum and rollups within the blockchain community.
Ecosystem Growth
Since its mainnet launch, Taiko has onboarded over 100 decentralized applications (dApps), leading to increased activity and assets locked on the platform. The DeFi ecosystem on Taiko has experienced significant growth, with decentralized exchanges, lending platforms, and derivatives all operating on the network. Notable integrations include Oku Trade, iZiswap, Meridian Lending, Symbiosis, and XY Finance.
Technical Advancements
Taiko has made notable strides in technical development, such as reducing gas costs by 30% in the TaikoL1 contract to enhance proposer profitability. The platform has also lowered the liveness bond and SGX proofs’ validity and contestation bond by 50%, allowing more participants to engage in Taiko’s permissionless transaction sequencing with lower costs.
Looking Ahead: The Ontake Fork and Beyond
Future plans for Taiko include introducing protocol enhancements like the Ontake fork, which will enhance the platform’s functionality. This fork will initiate DAO governance on the testnet, paving the way for community-driven decision-making. Additionally, Taiko aims to introduce Based Booster Rollups (BBRs) to address the challenges of fragmentation and enable seamless transactions across various Layer 2 solutions within the booster network.
Ongoing Initiatives
Taiko is actively working on multiple initiatives to strengthen its ecosystem, including a grants program, the Trailblazers Program, hackathons, educational content, and user experience enhancements. The grants program, launched in July 2023, has witnessed significant growth, with a $30 million commitment supporting 54 projects in its second cycle. The Trailblazers Program and hackathons are geared towards increasing user adoption and developer engagement.
These past 90 days have been monumental for Taiko, but the journey is far from over. As Taiko continues to push the boundaries of Ethereum scaling, it invites the community, developers, and partners to join in this exciting endeavor.
Hot Take: Embracing the Future of Ethereum with Taiko
As a crypto enthusiast, you should keep an eye on Taiko’s groundbreaking advancements in the Ethereum rollup ecosystem. With significant achievements in scalability, profitability, and ecosystem growth, Taiko is paving the way for a new era of decentralized finance and blockchain innovation. Join the community and be part of this transformative journey towards a more efficient and inclusive blockchain ecosystem.
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