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IOTA Rebased, a major upgrade with 98% community support, is set for approval by December 16, 2024. This proposal introduces L1 programmability and the Move Virtual Machine, enabling over 50,000 transactions per second and enhancing smart contract development with improved security features. Despite recent challenges, IOTA is investing $28M in DeFi development and has seen its Layer 2 EVM platform reach $86M in total value locked within six months.
Decrypt University is set to relaunch in the new year, integrating on-chain certification from Galaxis to enhance user engagement and community benefits. With over 250,000 certificates minted, the partnership aims to showcase dynamic utilities and interoperability, fostering a thriving digital learning environment. Galaxis CEO Gergely Fábián emphasized the potential for communities to engage and monetize effectively through their no-code platform, paving the way for a brighter future in the crypto space.
Solana emerged as the leading ecosystem for new developers in 2024, attracting a significant share of talent, particularly from India, where 27% of its developers are based. Despite Ethereum's dominance in new code production, Solana's growth highlights a shift in global developer distribution, with Asia now leading. Meanwhile, Bitcoin maintains a steady developer base, with a notable focus on layer-2 solutions and NFTs.
IOTA co-founder Dominik Schiener met with Philippine Trade Secretary Cristina Aldeguer-Roque to discuss the integration of IOTA’s TWIN logistics network in Southeast Asia by 2025. This initiative aims to enhance trade efficiency by merging physical goods with digital infrastructure. The recent Rebased protocol upgrade further solidifies IOTA’s position in the blockchain space, enabling over 50,000 transactions per second and fostering innovation in decentralized finance.
Mass has launched a mobile decentralized finance (DeFi) trading app that integrates Synthetix’s leveraged perpetuals platform, allowing users to trade perpetual futures with up to 25x leverage. The app features user-friendly onboarding with options like Apple and Google logins, and it will be available in the U.S., Europe, and Asia. This initiative aims to broaden Synthetix's reach beyond crypto natives, following a governance overhaul to enhance operational efficiency and product delivery.
Push Protocol has launched Push Chain, a layer 1 blockchain designed to unify communication and transactions across various ecosystems, supporting both EVM and non-EVM networks. This innovative platform allows developers to create shared-state smart contracts and consumer-centric applications, enhancing user experiences through wallet and fee abstraction. With integrated notification and chat protocols, Push Chain aims to transform interactions into value-generating on-chain transactions, paving the way for advanced functionalities in social platforms, gaming, finance, and cross-chain NFT trading.
Zoniqx is leveraging Hedera's blockchain technology to revolutionize the tokenization of real-world assets (RWA), focusing on sustainability and regulatory compliance. By utilizing Hedera’s high-performance, secure, and scalable network, Zoniqx aims to enhance liquidity and efficiency in asset ownership, starting with real estate and expanding globally. Their innovative Dynamic Compliant Interoperable Security Token (DyCIST) protocol, integrated with Chainlink’s Cross-Chain Interoperability Protocol, ensures seamless interoperability and compliance across various jurisdictions.
Cronos EVM has launched the v1.4.0 Pallene update, significantly enhancing transaction speeds to 60,000 transactions per second through Block-STM technology, which allows parallel processing within a single block. This upgrade also improves the Cosmos SDK 0.50 and the Inter-Blockchain Communication (IBC) protocol, boosting network responsiveness and cross-chain connectivity. Ken Timsit, Managing Director of Cronos, emphasized the importance of this milestone in preparing the network for future demands, particularly in supporting complex applications driven by AI and decentralized finance.
Push Protocol has launched Push Chain, a groundbreaking layer 1 blockchain designed for universal web3 applications, enabling seamless access across different chains. This Proof-of-Stake blockchain addresses key challenges in web3, such as scalability and fragmented user experiences, with features like consumer transactions, wallet abstraction, and cross-chain compatibility. The phased rollout will enhance consumer-centric apps, interoperability, and shared state capabilities, paving the way for mass adoption of decentralized platforms and on-chain AI.
Lightchain Protocol AI is emerging as a strong competitor to Ethereum in the DeFi space, leveraging its innovative Proof of Intelligence consensus and AI Virtual Machine to enhance transaction speed, scalability, and integrate artificial intelligence into decentralized applications. Analysts highlight its potential to disrupt Ethereum's dominance by addressing key limitations such as high fees and environmental concerns, while offering unique applications like AI-driven lending platforms and decentralized AI marketplaces. As the DeFi landscape evolves, Lightchain's advancements could reshape the future of blockchain technology.

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