Introduction
Yesterday, Yellow Network unveiled its Q3 2024 achievements and outlined an ambitious roadmap for the future. With solid growth in community engagement and significant media recognition, the network is gearing up for an exciting quarter ahead. Here are the key highlights from the report.
Key Achievements
Media Presence and Funding
Yellow Network has gained remarkable visibility, being featured in over 100 media outlets globally. This surge in media attention coincides with a successful $10 million seed raise, bolstered by the support of industry luminary Chris Larsen of Ripple (#XRP ).
User Growth
The community has experienced impressive growth metrics:
- Daily Active Users: Increased to 20,000
- Registered Wallets: Surpassed 600,000 registered Smart Accounts
- Social Media Engagement:
- Twitter followers: Increased to 132,000
- Telegram community: 54,000 members
In addition, nearly $100,000 worth of tokens were locked during the soft launch of the Locking Campaign, demonstrating strong community investment and participation.
Token Listing & Partnerships
Yellow Network is actively negotiating with top-tier exchanges for the upcoming $YELLOW token listing. The team is also close to finalizing a partnership with a leading launchpad for their public token launch. Furthermore, the investment round is open for venture capitalists and key opinion leaders (KOLs), signaling robust interest in the project.
Locking Campaign & Rewards
The recently launched Locking Campaign invites participants to contribute liquidity to the network, acting as market makers and supporting brokers. Participants not only bolster the ecosystem but also qualify for $YELLOW rewards. To learn more about the campaign, visit [Vault Yellow](https://vault.yellow.com/seasons).
Expanding in the Telegram Ecosystem
In an innovative move, #YellowNetwork is developing #DexyFi, a new #Telegram Mini App aimed at driving user engagement. This app will integrate essential features and gamify the user experience, tapping into the vast potential of the TON Telegram ecosystem, which boasts 950,000 monthly users.
Product Development & Roadmap for 2025
Looking ahead, Yellow Network has outlined a comprehensive development plan for 2025, which includes:
- Scaling the broker network
- Expanding the builder program
- Organizing hackathons
- Enhancing multi-chain abstraction and cross-chain swaps through account abstraction
- Adding support for six #EVM chains and non-EVM chains
- Improving cross-chain trading systems
- Growing the Yellow ambassador program
For more details on the roadmap, visit [Yellow Network Documentation](https://docs.yellow.org/about/roadmap).
As Yellow Network heads into Q4 2024, the focus on community growth and product innovation positions the project for a promising future. The team's commitment to transparency and engagement is evident in their community reports, making it an exciting time for stakeholders and supporters alike. To watch the full Community Report, head over to the #YellowNetwork YouTube channel.
With these developments, Yellow Network is not just poised for growth; it is actively shaping the future of decentralized finance within its community. Stay tuned for more updates as they continue to evolve!
