According to ChainCatcher, AO stated on the social platform that stETH worth more than $100 million has been deposited in AO. Web3 asset data platform RootData shows that ao is a scalable blockchain network built on the Arweave data storage platform, designed to provide an environment where any number of parallel processes can reside and be coordinated through an open messaging layer. Unlike existing decentralized computing systems, it is able to support computing operations without the need for protocols to enforce restrictions on size and form, while also maintaining the verifiability of the network itself, thereby minimizing trust.

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