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Layer by Layer Issue 26: Solana, NEAR, and Polkadot

March 31, 2022, 8:37AM EDT • 21 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding New cross-chain protocols continue to emerge, spurred on by persistent demand for interoperability and shared liquidity between chains. Unified strategies between L1s, bridges, and DeFi protocols are proving to be effective at streamlining user adoption This week, we take …

Acala announces $250 million fund to fuel adoption of aUSD stablecoin on Polkadot

Acala, a parachain project on Polkadot, has launched a $250 million ecosystem fund to boost the adoption of its stablecoin.  Acala’s $250 million ecosystem fund is being stood up with the aim of accelerating the development of DApps that make use of its stablecoin, Acala USD (aUSD), on Polkadot. Polkadot is an interoperability network that connects many application-specific blockchains, dubbed parachains. The ecosystem fund drew participation from an array of industry firms, including Alameda Research, Arrington Capital, Digital Currency Group, …

Layer by Layer Issue 20: Polkadot, Cosmos, Terra, and Avalanche

February 10, 2022, 7:00AM EST • 16 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding L1 blockchains are now utilizing a variety of strategies to establish connections with other networks, building cross-chain communication protocols and expanding their native tokens to a range of different ecosystems As networks prepare for upgrades that will impact their …

Layer by Layer Issue 18: Avalanche, Cosmos, Osmosis, Terra, Polkadot

January 27, 2022, 8:22AM EST • 18 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Facing elevated user demand from ongoing growth and recent market volatility, L1 blockchains are continuing to confront the difficulties of scaling As new chains begin to emerge at an accelerated pace, deliberate strategies for concentrating liquidity are showing effectiveness …

Layer by Layer Issue 16: Governance Update

December 23, 2021, 9:18AM EST • 14 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Some of the most significant changes to L1 blockchains this year have come from protocol upgrades enacted through on-chain governance This week, we check in with the latest governance decisions and proposals among L1 ecosystems, including Terra, Cosmos, Tezos, …

Parachains officially launch on Polkadot network

The long-in-the-making process of bringing multiple blockchains to the Polkadot network culminated this weekend with the official kick-off of five parachains. The five parachains that went live this weekend — Acala, Astar, Clover, Moonbeam, and Parallel Finance — were chosen following successful parachain auctions. All told, nearly 99 million DOT, worth approximately $2.4 billion, was garnered by the five projects during the auction period. Winning projects effectively lease their parachain slots, which last for 96 weeks. “The launch of parachains …

Mapping out the Polkadot ecosystem

November 29, 2021, 4:01PM EST Quick Take Polkadot is an open-source cloud computing platform that enables cross-chain transfers of data or assets, without being solely limited to token transfers The Substrate blockchain is used by developers to catalyze the building and launching of Polkadot compatible projects and dApps The actual workings of Polkadot function through the implementation of a Relay Chain, Parachains, Parathreads, and bridges The network contains a native DOT token which plays a substantial role in Polkadot’s governance …