Decentralizētās apmaiņas (DEX) agregatora, kas darbojas Solana blokķēdē, dibinātājs Jupiter, Meow, paziņoja, ka komanda pēdējos vairākus mēnešus ir veltījusi plašam darbam pie galvenajām aizmugures arhitektūrām un nozīmīgiem pētniecības un attīstības centieniem. Šie centieni bija vērsti uz tādu izaicinošu problēmu risināšanu kā izslīdēšanas automatizēšana un inovatīvu pieeju testēšana ilgstošām lietotāju pieredzes (UX) problēmām, piemēram, marķieru sarakstiem un automatizētai izpildei. Tā kā šīs izstrādes tuvojas pabeigšanai, platforma tagad gatavojas nākamo dažu nedēļu laikā ieviest virkni galveno atjauninājumu.

Ethereum Layer 2 mērogošanas risinājums Polygon paziņoja par sava pārvaldības centra palaišanu, kas izstrādāts sadarbībā ar atvērtā pirmkoda programmatūras nodrošinātāju Aragon. Pārvaldības centra mērķis ir kalpot kā pilns pārvaldības risinājums un vienota saskarne kopienai, dodot tai iespēju iesaistīties daudzstūra tehnoloģijas attīstības veidošanā. 

Sākotnēji centra uzmanības centrā būs divi galvenie poligonu pārvaldības aspekti: protokola pārvaldība un sistēmas viedā līguma (SSC) pārvaldība.

Protokolu pārvaldība daudzstūrī ļaus uzlabot daudzstūru protokolus, izmantojot daudzstūra uzlabošanas priekšlikumu (PIP) sistēmu un ekosistēmas mēroga vienprātību, ievērojot procesu, kas ir līdzīgs Ethereum protokola pārvaldībai. No otras puses, SSC pārvaldība pārraudzīs 1. līmeņa viedo līgumu jauninājumus, kas ir būtiski daudzstūra protokolu darbībai.

Kriptovalūtu birža Binance ziņoja, ka šogad tās platformā tirdzniecībai līdz šim ir reģistrējušies vairāk nekā 30 miljoni jaunu lietotāju. Kopš 2024. gada sākuma vidējais Binance apmeklējumu skaits dienā ir dubultojies, kas liecina par būtisku platformas aktivitātes pieaugumu.

Turklāt Binance ir pieredzējis ievērojamu platformā ieplūstošo kriptovalūtu aktīvu pieaugumu, pirmo reizi pārsniedzot kopējo klientu aktīvu apjomu 100 miljardu dolāru apmērā. Šis pieplūdums ir veicinājis tūlītējās tirdzniecības apjomu pieaugumu, kas kopš marta pieauga par 121% līdz 1,12 triljoniem ASV dolāru, kas ir augstākais tūlītējo darījumu apjoms kopš 2021. gada maija, liecina CCData. Atvasināto instrumentu tirdzniecības apjomi arī pieauga par 89,7% līdz 2,91 triljonam USD, sasniedzot augstāko līmeni kopš 2021. gada maija.

Iespaidīgā MMORPG blokķēdes spēle Laniakea paziņoja par tās izvietošanu 1. slāņa publiskajā blokķēdē Monad, atzīmējot vienu no sākotnējiem GameFi projektiem, lai izveidotu klātbūtni šajā tīklā. Spēle arī atklāja nodomus izlaist jaunu versiju iekšējai pārbaudei Monad testa tīkla posmā.

Monad ir blokķēde, kas ir saderīga ar Ethereum virtuālo mašīnu (EVM), kas spēj apstrādāt līdz 10 000 transakciju sekundē ar vienas sekundes bloka laiku un vienas slota galīgumu. Tas integrē tādas tehnoloģijas kā MonadBFT, Deferred Execution, Parallel Execution un MonadDB, lai sasniegtu šīs iespējas.

Šīs nedēļas ieguldījumu darījumi Web3, kriptovalūtu un mākslīgā intelekta jomā liecina par ievērojamiem sasniegumiem un saistībām dažādās nozarēs. Intelion iegulda 135 miljonus USD AI, tostarp jaunā datu centrā Samaras apgabalā. Nexus savāca 25 miljonus USD par nulles zināšanu kriptogrāfiju un verificētu skaitļošanu. Zyfi nodrošināja 2 miljonus ASV dolāru gāzes ieguves slāņa uzlabošanai, un fonds NEAR savāca 13 miljonus ASV dolāru uzņēmumam Nuffle Labs, lai decentralizētu pētniecību. Binance Labs investēja Zircuit — AI iespējotā Layer-2 tīklā.

Intelion iegulda 135 miljonus USD AI

Modulārā blokķēdes platforma, kas specializējas nulles zināšanu (ZK) lietojumprogrammās, Manta Network, atklāja Manta CeDeFi integrāciju ar Ethena Labs, decentralizētu protokolu, kas koncentrējas uz USDe stabilo monētu, kas nes peļņu.

Ethena darbojas kā Ethereum finanšu protokols, ieviešot sintētisko dolāru, kas pazīstams kā USDe. USDe uztur cenu stabilitāti, izmantojot “delta-neitrālu” riska ierobežošanas stratēģiju, kas ietver operācijas centralizētās un decentralizētās platformās. Ethena nodrošina USDe īpašniekiem ikgadēju atlīdzību, kas galvenokārt tiek iegūta no Ethereum fjūčeru īstermiņa.

Singapūras kriptovalūtu tirdzniecības uzņēmums QCP Capital publicēja savu neseno analīzi, norādot, ka, lai gan akciju tirgus uzrādīja spēcīgu impulsu, Bitcoin turpināja cīnīties ar atveseļošanos pēc Federālās atvērtā tirgus komitejas (FOMC) sanāksmes. Kā prognozēja lielākā daļa analītiķu, komiteja saglabāja federālo fondu etalonlikmi esošajā diapazonā no 5,25% līdz 5,50%.

Uzņēmums norāda, ka atšķirības rodas no tā, ka Bitcoin kalnračiem tiek veikta kapitulācija pēc sadalīšanas uz pusi, kas tieši ierobežo cenas. Turklāt Flowbank, kas ir iesaistīta trīs pušu banku līgumā ar kriptovalūtu biržu Binance, šobrīd virzās bankrota procedūrā. Tādējādi QCP Capital sagaida salīdzinoši klusu vasaru, ko raksturo minimāla nepastāvība un trūkst tirgus kustības katalizatoru.

Decentralized finance (DeFi) asset management platform Zapper introduced the Zapper Protocol, an open protocol designed to incentivize the interpretation and contextualization of onchain information. This protocol will be powered by the ZAP token, which is anticipated to launch in the fourth quarter of this year. The token will serve as a reward for interpreting onchain data and will support the entire Zapper ecosystem.

The interpretation aspect of the Zapper Protocol will enable any individual to contribute and assist Zapper in making blockchains more readable. Additionally, the protocol introduces indexing templates that open up the interpretation layer, enabling users to add a new integration for a DeFi protocol or to present human-readable transactions. This process does not necessitate coding knowledge. At launch, there will be two types of interpreters: Position Interpreters and Event Interpreters, with more types planned for future implementation.

Position Interpreters will allow users to add missing positions or balances to Zapper. Meanwhile, Event Interpreters will convert complex onchain transactions into clear, human-readable outputs.

To participate and begin interpreting data for the Zapper Protocol, individuals are encouraged to choose between two roles: curators and reviewers. Curators are responsible for identifying uninterpreted data and creating interpreters. Reviewers serve as the final layer of validation, reviewing and verifying the submissions from curators to ensure accuracy before the data is made publicly available.

1/ Introducing Zapper Protocol

An open protocol incentivizing the interpretation and contextualization of onchain information

Powered by $ZAP pic.twitter.com/LBrKAiuHnT

— Zapper (@zapper_fi) June 13, 2024

Zapper Reveals Upcoming GraphQL API Launch And Future Plans For Decentralized Protocol

Zapper intends to provide more information in the future about how developers can utilize human-readable data in their applications through the new open GraphQL application programming interface (API). The protocol’s interpreted onchain dataset will support the development of enhanced social features.

Zapper functions as a DeFi dashboard that allows users to monitor their portfolios, encompassing assets, debts, liquidity pools, staking activities, claimable rewards, as well as  yield farming operations. Importantly, Zapper and the Zapper Protocol are separate entities: Zapper acts as a client of the protocol, while the Zapper Protocol serves the initial interpretation layer developed by Zapper.

According to the protocol’s roadmap, the launch of the API and the Token Generation Event is anticipated in the fourth quarter. Following this, decentralization of the protocol and the introduction of new interpretation primitives are anticipated to occur in 2025-2026.

The post Zapper Introduces Protocol To Make Blockchains Readable, Powered By ZAP Tokens Release In Q4 appeared first on Metaverse Post.

United States Securities and Exchange Commission (SEC) Chairman Gary Gensler, speaking during a budget hearing with United States Senator Bill Hagerty, expressed his expectation that the S-1 applications for spot Ethereum exchange-traded funds (ETFs) could potentially receive approval later this summer.

According to a post on social media platform X by FOX News Business reporter Eleanor Terrett, Chairman Gensler highlighted that he envisions the approval “sometime over the course of this summer.”

Furthermore, Gary Gensler informed a subcommittee of the Senate Appropriations Committee during a hearing discussing the market regulator’s budget that the process is progressing smoothly following the initial approval of a group of ETFs.

Clarifying on details here: Gensler said “over the course of this summer” and Hagerty said “by the end of the summer.”

Gensler: “I would envision sometime over the course of this summer…”

Hagerty: “If you’re indicating to me that those applications will be approved by the end… https://t.co/zJiI3reNZT

— Eleanor Terrett (@EleanorTerrett) June 13, 2024

Industry Leaders Anticipate Ethereum ETF Trading To Begin Before November 

In May, the SEC granted approval to eight spot Ethereum ETFs from asset management companies such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise for listing. However, issuers are still awaiting SEC effectiveness on the S-1 registrations, which encompass disclosing proposed fee structures of the funds, among other details, before the ETFs can officially launch.

Industry leaders forecasted that following approvals, trading could commence sometime between July and August and potentially before November.

Once those filings receive approval, the new ETFs can be listed, thereby expanding access for investors to easily tradable funds that are backed by actual ETH, similar to the previous establishment of spot Bitcoin ETFs backed by BTC.

As of the writing time, Ethereum is traded at $3,445, marking a decline of more than 5% over the past 24-hour period, based on CoinMarketCap data. Following the announcement in May, the cryptocurrency saw a slight increase before experiencing subsequent volatility. Analysts from Singapore-based cryptocurrency trading firm QCP Capital earlier forecasted that upon approval of spot Ethereum ETFs, ETH’s price could potentially outperform that of Bitcoin.

The post SEC Chairman Gary Gensler Anticipates S-1 Filings For Spot Ethereum ETFs To Be Approved By Late Summer appeared first on Metaverse Post.

Tā kā cilvēki visā pasaulē pieprasa zemei ​​draudzīgu nākotni, kriptovalūtu nozare, tāpat kā jebkura cita nozare, pievērš uzmanību ilgtspējīgām tehnoloģijām un zaļajiem projektiem. Taču tajā pašā laikā nozari joprojām vajā kriptovalūtas ieguves ietekme uz vidi, kas ir tās pastāvēšanas pamats. 

Pēdējos gados ir bijusi slikta prese un drūma statistika par kalnrūpniecību un vidi. Bet, paskatoties pagātnē, vai kriptovalūtu nozare ir veikusi daudzsološus soļus zaļākas rītdienas virzienā?  

Organization dedicated to advancing modular blockchain solutions for zero-knowledge (ZK) applications Manta Network, Manta Foundation, introduced its new $50 million ecosystem fund, EcoFund. This initiative, scheduled to run for one year starting June 15th, aims to support the ecosystem of innovative blockchain projects.

Notably, via its EcoFund and Ecosystem Grant Program, Manta Foundation will provide funding and support to early-stage initiatives that can receive grants of up to $50,000 to facilitate the implementation of their ideas.

The fund will prioritize projects, demonstrating the potential for market disruption and sustainable growth within the Manta network ecosystem. Additionally, selected projects are expected to present business models that are geared toward long-term viability and success.

A significant part of the EcoFund, $35 million or 70% of the total funds, will be reserved for direct investments in promising projects, focused on building applications within the Manta network across Gaming, decentralized finance (DeFi), non-fungible tokens (NFTs) among other sectors. This allocation is aimed at driving the development of essential applications and fostering advancements across the ecosystem.

Meanwhile, a portion of $10 million, equivalent to 20% of the total funding, will be dedicated to grants aimed at supporting specific areas of interest within the ecosystem.  The focus will be on projects spanning diverse sectors, including AI, Decentralized Physical Infrastructure Networks (DePIN), ZK technology, and memecoins, bolstering the development of unique applications on the Manta Pacific network. Additionally, funding will be available for projects demonstrating product-market fit in any other emerging areas.

Additionally, $5 million, representing 10% of the funding, will be set aside for events and hackathons to attract new builders and users.

The Manta Foundation is excited to announce the opening of the Manta Foundation EcoFund, a $50 million pool that includes direct investment and our Ecosystem Grants Program.

Looking to build on Manta? Apply today:

https://t.co/FpNxpI1sCe pic.twitter.com/8K1R8KZ6Tv

— Manta Network (,) #MantaCeDeFi (@MantaNetwork) June 13, 2024

Manta Foundation Initiates Support For Collators With 50M MANTA Tokens

Manta Network is designed to support ZK applications. It comprises two networks: Manta Pacific and Manta Atlantic. Together, they create an environment that sustains the development and adoption of Web3 applications.

Recently, the Manta Foundation has begun supporting collators on Manta Atlantic by delegating 50 million MANTA tokens. These tokens are allocated to those collators who actively contribute to the security and expansion of the Manta Network ecosystem.

The post Manta Foundation Launches $50M Ecosystem Fund To Foster Thriving Ecosystem Of Blockchain Projects appeared first on Metaverse Post.

Team behind the ERC-7660 protocol, Benchmark Labs, announced the successful transfer of BENCH token liquidity to the Base mainnet today. The migration process has been completed, enabling trading to commence on Uniswap V3 Base.

According to the announcement on social media platform X, users now have the option to utilize the official cross-chain bridge operating on Layer 0 to facilitate the cross-chain transfer of BENCH tokens to Base. Additionally, the one-click deployment feature for ERC-7660 tokens will initially debut on the BASE mainnet. Benchmark Labs also indicated plans to introduce a range of new features on Base in the near future.

Base is a Layer 2 network developed by the company behind the cryptocurrency exchange Coinbase. It focuses on enhancing transaction speed while maintaining the robust security features of the Ethereum mainnet.

Notably, after the transfer, BENCH holders now have the option to cross-chain via Layer Zero.

$BENCH liquidity has been added on @base Uniswap V3

The cross-chain bridge is based on L0 and confirms that the BENCH CA on BASE is the same as that on ETH:

0xF4e21623496ad3Cf88a58B5e3A6b1FD22fDBe3E4

We will be releasing a series of new features on BASE soon #memecoin… https://t.co/C2MFHS8zD5

— Benchmark @ERC-7660 (@ERC7660) June 13, 2024

Who Is Benchmark And What Is ERC-7660?

Benchmark Labs has developed an experimental token standard tailored for memecoins. Known as ERC-7660 and based on ERC-20, it introduces a “consensus period” designed to foster community engagement and collaborative validation specifically for memecoins.

“Consensus period” denotes the duration over which tokens from a particular address unlock gradually, aimed at establishing a stable community consensus for memecoin.

Apart from this feature, the ERC-7660 protocol and Benchmark application provide fair launch capabilities, and tools for developing and deploying tokens.

“Fair Launch” is a pivotal feature of Benchmark. Projects launched through Benchmark’s Fair Launch mechanism receive robust support from the Benchmark community. This includes activating official promotional activities like airdrops, referral rewards, and benchmark social tasks as part of the Benchmark Build initiative.

Additionally, individuals can engage in the ERC-7660 protocol development through Benchmark Pass, granting users access to all future token drops across platforms and the ability to exchange Pass for platform tokens at any time. An upcoming feature, “Deploy,” will automate the deployment of ERC7660 tokens without requiring coding.

The post Benchmark’s ERC-7660 Protocol Completes Cross-Chain Transfer Of BENCH Token Liquidity To Base Mainnet appeared first on Metaverse Post.

For as long as we can remember, financial inclusion has been the grand vision for many to boost development and reduce poverty around the world. But still, many people worldwide, especially in neglected and faraway places, are unable to use standard financial services. 

So, while many are still waiting for traditional finance to deliver on its promise, some are already looking at alternative solutions, particularly cryptocurrency, to make this dream a reality for all of us. But how can crypto do what traditional finance hasn’t?

The Barriers to Financial Inclusion

The term “financial inclusion” means that everyone has the same chances to use financial amenities. Services like savings accounts, loans, and insurance are part of this. Even though the international banking system has come a long way, many people still don’t have bank accounts or simply lack the credit or means to fully benefit from them.

This lack of access is often because of:

Geographical & Credit Limitations. People living in remote or undeveloped areas who don’t have access to proper infrastructure or lack basic credit requirements.

High Fees. Traditional banks are known to be rather expensive and slow, especially when it comes to international remittance.

Currency Devaluation. Political and economic crises can heavily impact a country’s currency value, leaving people’s capital vulnerable.

Security. Too many people don’t use standard banking services because they don’t trust them, usually because of past financial problems or corruption.

Beyond Geography

Crypto, at its heart, had the potential to level the playing field by making traditional banking services available to everybody with an internet connection, regardless of their status. 

This issue was particularly noted by Sahar Salama, CEO and Founder of TPAY MOBILE, who stated that as we move toward a “cashless society”, digital currencies and services must be “accessible and appealing to everyone”.

This has happened in many ways, including:

International Remittance

People in places like Nigeria, where many people can’t access regular banks, have seen this promise come true. If you live in Nigeria and want to send money back to your family, friends, or other family members, you can use Bitcoin instead of conventional financial institutions. This is because Bitcoin makes transfers easier and cheaper for Nigerians who live outside of the country.

Microfinance institutions (MFIs) 

MFIs are vital in meeting the financial needs of underprivileged communities, especially in rural regions where conventional banks do not operate. These institutions use crypto and blockchain to make peer-to-peer loans possible. This means that people can borrow and give money directly to each other without going through middlemen. These platforms make it easier for everyone to get credit, so people can borrow money for ventures or unexpected costs. This helps people become more financially independent and resilient.

Cheaper & Faster

Most of the time, traditional transfer services have long working times and high fees. People can send and receive money quickly and with little to no fees using crypto, which is a cheaper, quicker, and more effective way to send money across borders. For families who rely on remittances to cover their basic necessities, this may greatly change their fortunes.

Numerous crypto projects, including these two, address this problem:

Stellar (XLM) & Ripple (XRP)

Stellar aims to provide affordable international money transfers and other financial services to those who do not have access to traditional banking systems. By linking different payment systems and financial organizations, its network facilitates cheap and fast international money transfers. 

It is also easy and cheap to send money internationally with XRP. Ripple is working with institutions all across the globe to give the unbanked a way to make cheap and fast payments.

Store of Value

People in nations with shaky economies can potentially use crypto to save their money’s worth. There is no government or bank that controls crypto assets, and their value is set by how much people want to buy and sell them.

While some argue that crypto’s foundations are merely speculative, Phillip Shoemaker, CEO of Identity, points out that cryptocurrency is here to stay and that Congress’s latest market-structure bill is “huge progress for the space.”

Plus, according to Shoemaker, the favorable policies of two presidential candidates, Donald Trump and RFK Jr., towards crypto and their firm support for the industry’s potential are “totally novel” in US history.

Reserve (RSV)

To protect its value, the Reserve stablecoin (RSV) is tied to a diversified portfolio of assets, making it a reliable investment option for those living in economically volatile regions. Venezuela and Argentina are two countries that have embraced Reserve, with people using RSV to protect their funds from devaluation and economic fragility while trading with a stable currency.

On top of that, many cryptocurrencies, like Bitcoin, have a capped supply. Bitcoin, for instance, has a maximum supply of 21 million coins, ensuring scarcity. This limited supply creates an inflation-resistant asset, as no additional coins can be created beyond the predefined cap, unlike fiat currencies that central banks can print at will.

In Zimbabwe, where the local currency has experienced hyperinflation, individuals have turned to Bitcoin to protect their savings. Bitcoin’s relatively stable value compared to the local currency provides a safer alternative for storing wealth.

Financial Security

Crypto transactions using the likes of BTC and ETH are encrypted through complex algorithms like SHA-256. Every single transaction is uniquely identified by its hash. This makes it difficult, if not impossible, to tamper with transaction details seamlessly.

Decentralized Identity & Self-Custody Wallets

Unlike other sites, decentralized authentication systems let users choose what specific data they share and can also remove access at any time. This helps prevent the usual breaches and identity thefts we see on centralized protocols.

In the same way, a self-custody wallet gives users independence by giving them custody of their personal keys. The keys allow users to handle assets that are stored as coins or tokens on a chain.

With a blend of self-sovereignty and self-custody capabilities, these encrypted wallets allow users to safeguard their digital keys that unlock the gate to their sensitive documents, statements, and transactions.

The Challenges on the Way to Complete Financial Inclusion

While advanced cryptocurrencies hold great promise for financial inclusion, several challenges remain:

Changing Regulations. Authorities and governments are still working on ways to control and handle the use of crypto. For adoption to grow, regulations must be clear and helpful.

Public Education. Many people don’t understand how digital currencies work. There needs to be education about these new financial tools so that people can understand and accept them.

Lack of Infrastructure. Cryptocurrencies cannot function without internet connectivity, which is not yet accessible to everyone. People who don’t have good internet connections can’t use or gain from tokens very much. Building the necessary infrastructure is crucial for crypto to be widely adopted.

Environmental Impact. Crypto mining’s negative environmental effects are still a major concern. Environmentalists are calling for more environmentally friendly ways because mining uses much energy.

Interoperability. Different blockchain networks still can’t work together, even though there have been improvements. The key to widespread usage and acceptance is the ability to transfer and use assets without any hitches across different platforms.

Edu Patel, CEO and co-founder of Murdex, perfectly sums up the current climate by pointing out that cryptocurrencies certainly “have the potential” to create global financial inclusion, but achieving this vision requires support from governments and financial institutions to fool-proof the regulatory framework against any misdeeds while “promoting consumer protection” and innovation.

The post Unlocking Access: Cryptocurrencies and the Future of Financial Inclusion appeared first on Metaverse Post.

Multi-rollup aggregated Layer 3 network zkLink Nova announced its integration with Scroll, a native zero-knowledge Ethereum Virtual Machine (zkEVM) rollup. The partnership aims to enhance capital efficiency and inter-chain connectivity for Scroll users through zkLink Nova’s aggregated Layer 3 rollup, connecting with the broader Ethereum ecosystem with eight other Layer 2 zero-knowledge and optimistic networks, all while maintaining Ethereum-grade security.

zkLink Nova’s stack-agnostic liquidity aggregation will improve connectivity among rollup networks within the Ethereum ecosystem. Additionally, collaboration with Scroll will advance zkLink’s mission to aggregate fragmented liquidity, secured by zero-knowledge proofs (ZKPs) and zkLink’s multi-chain state synchronization.

Now, zkLink Nova users have greater asset diversity, including those assets natively available on Scroll, expanding the range of assets that can be accessed. The latest integration also enhances yield opportunities across the network.

Furthermore, zkLink Nova will enable Scroll developers to seamlessly migrate their decentralized applications (dApps) and offer them the option to engage with a large network of over 800,000 unique wallets, as well as connect with users on other layer two networks.

Scroll is an Ethereum Layer 2 scaling solution built on zkEVM. Utilizing this technology, Scroll provides a scalable and cost-effective method for interacting with the Ethereum blockchain, all while maintaining robust security.

@Scroll_ZKP, the native zkEVM Rollup, is now integrated with our #AggregatedL3 zkLink Nova!

1/ This partnership aims to improve capital efficiency and inter-chain connectivity for Scroll users through zkLink Nova’s aggregated Layer 3 rollup, tapping into the boarder… pic.twitter.com/wkqKbEHlBO

— zkLink Nova | Aggregated L3 (@zkLinkNova) June 13, 2024

zkLink Nova Launches Second Season Of Its Aggregation Parade

Operating as an aggregated Layer 3 zkEVM network, zkLink Nova integrates Ethereum with its Layer 2 rollups. It represents an EVM-compatible platform designed for quick smart contract development. It offers composability, interoperability, and scalability, leveraging ZKP technology for security. Moreover, it functions with low gas fees and fast finality and inherits its security from Ethereum.

Recently, zkLink Nova initiated the second season of its Aggregation Parade, allowing participants to bridge assets to zkLink Nova and access aggregated liquidity. This event, currently ongoing and scheduled to conclude on August 2nd, offers rewards in the form of Nova Points and non-fungible tokens (NFTs), all linked to the Finale Reward. Users can increase their Nova points by making contributions to the ecosystem’s growth.

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Vertically integrated Layer 1 blockchain Supra announced the launch of the “Super dApp Showdown” developer competition, allowing participants to vie for investments from Supra’s recently established $100 million Ecosystem Fund.

In addition, the platform will provide winning teams with the opportunity to participate in Killer Whales‘ crypto-focused reality TV series. Moreover, winners can pitch their ideas to prominent investors, receive consultations from Supra’s team, access core services and the token launch platform, benefit from cross-promotion and marketing through Supra’s social media channels, and network with the blockchain’s ecosystem of venture capitalists and partners.

The first season of the contest invites talented blockchain developers to create and launch decentralized applications (dApps) on the Supra network. The “Super dApp Showdown” will offer a chance to showcase builder’s dApps to Supra’s audience, which includes over 500,000 verified unique token holders on their gamified community platform “Project Blast Off,” as well as a larger community of 1.3 million email subscribers.

The competition is set to commence in August and will span three months. Each week, the winning team’s Super dApp will be showcased on the Blast Off platform, featuring missions and quests designed to familiarize users with their project. The developers have the flexibility to determine the types of rewards available, which may include prizes, airdrops, in-game assets, non-fungible tokens (NFTs), and more. Additionally, users can anticipate new rewards weekly for interacting with dApps, including giveaways, digital collectibles, and partner airdrops.

After the conclusion of the competition period, a panel of judges will select 12 winners across categories including DeFi, GameFi, Web3 Social, and others. The judging panel will comprise members from Supra’s leadership team, participants of the reality TV show Killer Whales, and experts from Supra’s key ecosystem partners such as Google Cloud, Republic Crypto, HashKey Capital. Importantly, the judging process will incorporate feedback from Supra’s community, who will have the opportunity to vote on dApps.

“We are thrilled to collaborate with Killer Whales as our media partner for the Super dApp Showdown and beyond. At Supra, we understand that attracting the right builders and founders requires a combination of capital and exposure,” said Joshua Tobkin, CEO and Co-Founder of Supra, in a written statement. “Along with access to Supra’s $100 million Ecosystem Fund and 500k verified token holders, projects will also have the chance to get featured on Killer Whales, benefiting from their exceptional team, high-quality production, and significant visibility,” he added.

Developers interested in participating in the competition can register on the “Super dApp Showdown” application page.

Supra Network’s Core Capabilities

The competition provides participants with an opportunity to explore the functionalities of Supra’s Layer 1 network. This platform vertically integrates core blockchain and Oracle services, including price feeds, verifiable randomness generators, automation capabilities, and bridges, all into a unified, high-performance stack. The network supports Multi-VM, enabling developers from MoveVM and Ethereum Virtual Machine (EVM) blockchains to deploy dApps directly on Supra and participate in the competition. Future plans include support for SolanaVM and CosmWasm.

Furthermore, Supra utilizes the Moonshot consensus mechanism, which is known for its rapid performance and robust security features in handling data feeds. During its global testing phase, Supra showcased Moonshot’s capability to handle up to 530,000 transactions per second across 125 globally distributed nodes, achieving optimistic finality in 500 milliseconds and full finality in approximately 1.5–2 seconds.

The blockchain integrates vertically with its Distributed Oracle Agreement (DORA protocol), facilitating real-time data access for developing faster and more functional dApps across decentralized finance (DeFi), GameFi, and other blockchain use cases. Additionally, it features Supra’s decentralized, verifiable randomness generator, Supra dVRF, ensuring transparency and unpredictability in random outcomes for games, prize draws, and similar applications.

“We expect to catalyze developers to build projects they can’t build anywhere else to showcase Supra’s potential,” said Joshua Tobkin to Mpost.

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