According to Coincu, Worldcoin has introduced a major update to its World App wallet, aimed at making transactions more cost-effective and scalable. The update employs mixing and compression technologies to significantly reduce L1 Gas fees, addressing a common issue in the cryptocurrency space. Additionally, the update reduces the optimism load by two-thirds, resulting in faster transaction confirmations and improved reliability of the World App wallet.
Following the release of the update, World App experienced a surge in activity, recording its highest-ever single-day transaction volume of over 500,000 transactions. This achievement highlights the impact of the update and the growing popularity of Worldcoin and its associated technologies. The increase in transaction volume also demonstrates the scalability of the World App wallet and the rising adoption of cryptocurrencies for everyday transactions.
