Author: Kyle
Reviewer: Sandy
In the past two months of the bull market, MEME concept coins have performed well and are becoming value coins. While the public is still struggling with the lack of innovative technologies to drive this round of bull market, the super-parallel computer AO has emerged and is slowly being recognized by the market.
The subtlety of AO lies in the separation of computing and storage. Arweave ensures the security and verifiability of data, and AO is responsible for the computation and state generation of off-chain data. As a result, AO's modular architecture is highly scalable, supports any number of processes running in parallel, theoretically has unlimited computing resources, and supports any programming language and virtual machine access. Importantly, AO makes it possible to put AI models on-chain, and is particularly suitable for building autonomous AI agent financial applications.
Just when everyone was delighted by the "greenness" brought by AO, the ao Venture incubator was like a "timely rain", which revitalized the entire Arweave&AO ecosystem. In the past two months, more than 4,000 developers have joined the AO ecosystem, and new projects have sprung up like mushrooms after rain. This article will comprehensively understand the development status and future potential opportunities of the AO ecosystem from the dimensions of network overview, new projects, token status and important events.
AO Network Overview
Image source: AOLink
As of May 14, the AO testnet has been released for nearly two months (80 days) and has entered a rapid growth channel. During this period, the total number of network messages exceeded 66 million. The average daily message volume in the past 20 days is 2.75 million, which is a 750% increase from the average daily message volume in the month before AO was released. At the same time, developers in the AO network are also very active, with the highest number of people per day reaching 4,580, and most of the time there are more than 1,000 active developers.
Ecological Events
AO Ecosystem Overview
Image source: everPay
New Project
AI-driven autonomous financial infrastructure: Autonomous Finance
Due to the architecture and characteristics of AO, it is possible to run the LLM model on the chain. At the same time, this technological breakthrough is particularly suitable for financial scenarios, so Autonomous Finance came into being.
Autonomous Finance is an autonomous financial infrastructure built on AO, which aims to introduce AI models on-chain to build new AI-driven decentralized financial applications. It consists of three basic pillars: core infrastructure, AgentFi and ContentFi.
Core infrastructure: Leverage on-chain machine learning algorithms and Web2 data streams to improve transaction speed and accuracy, optimize order routing to maximize liquidity, and provide real-time liquidity protection services. Key applications include stablecoins, decentralized exchanges, derivatives, money markets, lending markets, synthetic assets, and cross-chain bridges.
AgentFi: AgentFi is a new DeFi primitive created by Autonomous Finance based on the AO architecture. It is an intelligent financial market that combines autonomous agents, machine learning, and full automation. Examples include asset management agents, self-balancing autonomous index funds, customizable autonomous hedge funds, income aggregation agents, on-chain prediction agents, high-frequency trading agents, self-optimizing risk balancing agents, and financial agent algorithm markets.
ContentFi: ContentFi can provide valuable data resources for the Autonomous Finance ecosystem by attributing and monetizing data stored on Arweave as a composable asset for AO threads. It can encourage individuals or DAO organizations to contribute data to the Permaweb for profit, thereby building a liquid data market.
The launch of Autonomous Finance is expected to completely change the landscape of traditional DeFi and officially usher Web3 finance into an intelligent and automated era without permission.
🗨️ Official website: https://www.autonomous.finance/
X platform: https://twitter.com/autonomous_af
AO’s third DEX: ArSwap
ArSwap is the third DEX to be launched on the AO ecosystem after Permaswap and Bark. It was developed by the Pianity team (Arweave ecosystem music NFT project). Currently, test tokens such as $AR, $AOCRED, $Fire, $Earth, $Water and $Air have been launched. Users can experience transactions and establish LP liquidity pools on ArSwap by receiving faucets. At the same time, the team has recently optimized the product to further increase the speed of transactions.
🗨️ Official website: https://arswap.org/swap
X Platform: https://twitter.com/ar_swap
AO's first cross-chain bridge: AOX
AOX is AO's first cross-chain bridge project, developed by the everVision team. It provides cross-chain asset services between the AO network and other blockchain networks based on MPC (multi-party secure computing) technology.
Currently, AOX is in the Beta stage and only supports the cross-chain function of $AR between Arweave and AO networks. At the same time, a cross-chain incentive activity was recently launched to encourage users to transfer $AR from the Arweave network to AO through AOX. Users earn $TAOX test tokens by completing tasks to obtain airdrops of official tokens in the future.
It is reported that AOX will launch cross-chain services for networks such as Ethereum, BTC and BSC in the future, allowing more public chains and more types of assets to seamlessly enter the AO network.
🗨️ Official website: https://www.aox.xyz/
X Platform: https://twitter.com/aox_xyz
AO native wallet: aoWebWallet
aoWebWallet is the first native AO network wallet, designed to securely manage assets on AO and support sending, receiving and tracking AO network assets.
Users can log in directly by connecting to the Arconnect wallet (Arweave wallet), or by importing the wallet's .JSON file. Currently, aoWebWallet supports a variety of AO assets, including $AO-CRED, $Bark, $TRUNK, $0rbit, $Fire and $Earth.
🗨️ Official website: https://aoww.net/
X Platform: https://twitter.com/aoWebWallet
AO’s first RWA project: Harvest
Harvest is the first RWA project to attempt to build on AO. It was announced by software development company 2048k in collaboration with Leaf Labs. Unlike common bond-based RWA projects, the real assets behind Harvest are land and livestock assets, with a total value of more than $1.5 million. By investing in livestock assets (such as cows), users can periodically receive income from animal husbandry.
Harvest will also soon launch its mobile app, making it easy for users to participate anytime, anywhere. At the same time, the project is also working on compliance and is now studying how to introduce a sound legal framework to set new standards for the security and transparent trading of its digital assets.
🗨️ Official website: https://goharvest.app/
X Platform: https://twitter.com/HarvestMkpl
AO's first metaverse game center and distribution platform: Permaverse
Permaverse is AO's first metaverse, Web3 game center and distribution platform. It has designed a green elephant pet named dumdum. Users can "pet" dumdum pet every 12 hours to earn points, and can earn more points by staking $AOCRED. Points can be used to vote for dumdum pet's clothing, and can also be exchanged for future $DUM airdrops.
🗨️ Official website: https://dumdum.g8way.io/
X Platform: https://twitter.com/ThePermaverse
AO full-chain game distribution platform: AO GAMES
AO GAMES is a full-chain game distribution platform built on AO, which will provide a Web2-level gaming experience with low entry barriers, extremely fast transaction speeds, and extremely low costs. Importantly, AO GAMES also supports the introduction of AI models to build AI-driven Web3 game projects.
🗨️ X platform: https://twitter.com/aogamesorg
Token Status
AO Test Token: $AOCRED
$AOCRED is the test token of the AO network. It is currently issued to builders of the AO network, mostly developers. The following is the basic information of the token provided by AOLink:
Contract address: Sa0iBLPNyJQrwpTTG-tWLQU-1QeUAJA73DdxGGiKoJc
Coin holding address: 4,111
Image source: Permaswap
$AOCRED has been listed on Permaswap with an issue price of $0.015 USD, a peak price of $0.8 USD (53 times increase), and a current price of $0.254 USD (17 times increase). It should be noted that the total supply of $AOCRED has not yet been finalized, and the official has not yet disclosed the actual use of $AOCRED.
The first Memecoin in AO ecosystem: $TRUNK
$TRUNK is the first meme concept token issued by the AO ecosystem. It was first issued with a 1:1 exchange with $AOCRED. The following is the basic information of the token provided by AOLink:
Contract address: OT9qTE2467gcozb2g8R6D6N3nQS94ENcaAIJfUzHCww
Total Supply: 40,000
Total Circulation: 34,198
Coin holding address: 163
Image source: Permaswap
After being launched on Permaswap on April 1, the highest price reached over $200. The current price of $TRUNK is $43. In terms of currency, it has increased 250 times compared to the current price of $AOCRED. Currently, you can also participate in Permaswap's TRUNK/AR liquidity incentive activities and share the $HALO bonus pool.
AR tokens cross-chain to AO network: $Wrapped AR
$Wrapped AR is a packaged $AR that is cross-chained to the AO network. Currently, the cross-chain of $AR assets can be realized through the AOX cross-chain bridge. The $Wrapped AR token is not yet open for circulation. The following is the basic information of the token provided by AOLink:
Contract address: xU9zFkq3X2ZQ6olwNVvr1vUWIjc3kXTWr7xKQD6dh10
Total Circulation: 362
Coin holding address: 1780
important events
ao Ventures incubator established, receives $35 million in funding
Community Labs launched the incubator ao Ventures, which received $35 million in investment from Faction, Distributed Global and other institutions, and will be committed to promoting the development of Arweave and AO. ao Ventures will start a ten-week incubation program on April 23, open to all developers and provide technical support and guidance, and hold a Demo Day in June. It is reported that more than 100 projects have participated in the incubation program, and several technical seminars and keynote speeches on Arweave and AO have been completed during this period.
Autonomous Finance launches autonomous investment agency
Autonomous Finance launched the first decentralized autonomous investment agent (AIA) application on AO, which can use the dollar cost averaging (DCA) strategy to execute transactions in various liquidity pools in the AO ecosystem.
Autonomous investment agents have complete autonomy. Once launched, they will run autonomously on the AO ecosystem without the need for off-chain signals or human intervention. Users can configure the agent's parameters through the front-end interface, including the type of fixed investment assets, slippage range, DEX's AMM liquidity pool, etc. After depositing funds, it will start to run automatically, and users can also modify parameters or stop running at any time.
Stablecoin protocol Astro testnet launched
Astro is a stablecoin protocol on AO, launched by Community Labs, which aims to mint $AR into the native stablecoin USDA of the Arweave ecosystem through overcollateralization. Recently, Astro launched a testnet and launched the faucet tAR token for users to test the minting of the stablecoin USDA.
AOS now supports relational database SQLite
AO's decentralized operating system AOS already supports SQLite. SQLite is a lightweight relational database that helps developers organize data for smooth storage and retrieval. It also unlocks the possibility of building full-stack applications on AO using indexers.
AR.IO migrates to AO, launches domain name system and points activities
AR.IO is the core gateway project of Arweave and is migrating to the AO network. AO will bring it more efficient interaction processing capabilities, support cross-chain signatures, and expand ecosystem connectivity. At the same time, AR.IO has also launched the domain name system ArNS for the AO ecosystem, allowing users to use more concise and friendly names. In addition, it has recently launched the EXPerience event, where users only need to complete tasks on Zealy to obtain EXP in order to obtain token airdrops for future AR.IO projects.
The typr (AO Twitter) project is being continuously updated and optimized
As one of the few social applications in the AO ecosystem, typr (AO Twitter) has frequent product updates. Currently, it has 419 users and 561 posts. Soon after the product was launched, it launched the test token AOT-Test and connected tokens such as $AOCRED, $TRUNK, and $Wrapped AR for platform rewards. In addition, typr has also integrated Othent to support users to log in using mobile browsers.
AO and PADO team up to create privacy data solutions
PADO is a decentralized computing network whose core encryption technology zkFHE combines fully homomorphic encryption and zero-knowledge proof algorithms to achieve privacy protection of user data and verifiable confidential computing. PADO will build a trustless and verifiable confidential computing market based on AO, while using Arweave as a privacy data storage layer to provide comprehensive privacy protection functions for the AO ecosystem.
0rbit released v1
0rbit is the first oracle project built on AO. It recently officially released version v1, which allows everyone to access and use blockchain data more easily and efficiently, including providing unlimited data (LIMITLESS DATA) on any AO process. This also means that 0rbit can access any type of data through the AO process. Currently, 0rbit has issued a test token $0RBT, which users can obtain by completing the development bounty tasks it has released.
Weavers Launches Bounty Raid II
Weavers is a community of developers and content creators in the Arweave ecosystem. It recently launched the Bounty Raid II event to encourage developers, creators, and designers to participate in the ecosystem. This bounty event has set up a development bounty and a creative bounty, with a total prize pool of $10,000, and additional $WVR token rewards.
WeaveVM released a new open source tool elciao
WeaveVM is an extensible EVM protocol on Arweave, combining Arweave's data storage capabilities with EVM compatibility to manage complex, large-scale data computations. WeaveVM can provide Arweave ecosystem support for ERC20/ERC721 tokens and enable EVM contracts to access Arweave, thereby building a new EVM ecosystem.
At the same time, WeaveVM also released the open source tool elciao, an EVM light client indexer designed for AO, which permanently stores EVM data on Arweave, enabling AO-based dApps to easily access Ethereum historical data and provide data verification and bridging functions. In addition, WeaveVM is about to launch a $WVM faucet.
Summarize
The two months since the launch of the super-parallel computer AO have been a journey of accumulating energy. Whether it is the surging amount of network data, the growing construction team, or the continuous emergence of various infrastructure or projects, it shows that the AO ecosystem is moving towards the path of "fuzzy correctness". At the same time, the author intuitively found that the attention of AO has increased significantly. Whether it is investment research institutions, media platforms or KOLs, they have begun to invest in research and output related content. In addition, it is worth noting that the AO ecosystem has begun to show a wealth-creating effect, and early participants may have made more than 100 times the profit.
The AI track has become the darling of this bull market, and the market is looking forward to the birth of a usable Web3+AI application. The strength of AO lies in its opening up a new path, bringing the talent of AI to Web3. In the future, the story of the integration of Web3 and AI will frequently happen on AO.
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