Polkadot Ecological Weekly Observation: 2022 is approaching, are world-renowned institutions still optimistic about Polkadot?
Produced by the Polkadot Ecological Research Institute, it must be a boutique
Polkadot's one-week observation is a summary of what happened to Polkadot's entire ecology last week, and we will also share some of our observations on these events in the form of vernacular. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
Produced by the Polkadot Ecological Research Institute, it must be a boutique
Polkadot's one-week observation is a summary of what happened to Polkadot's entire ecology last week, and we will also share some of our observations on these events in the form of vernacular. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
The first batch of Polkadot’s five parachains (in order): Acala, Moonbeam, Astar, Parallel, and Clover were all connected to the relay chain last week and started to produce blocks in the form of parachains.
There were no problems in the first batch of Auction activities, because the code had been tested on the Kusama network before, and all systems were working as expected.
Polkadot’s founders Gavin and Robert and core developer Shawn also released a celebration video for Polkadot’s launch, commemorating this meaningful day with all Polkadot users and projects. So far, the launch of the parachain means that all the content described in the Polkadot white paper five years ago has been completed and delivered. Of course, Polkadot does not just stop there. This time node just means that the first chapter of Polkadot has ended, and the second chapter of Polkadot has just begun.
Gavin and the others expressed their outlook on the upcoming Polkadot in 2022, and revealed the direction of the next stage of efforts, that is, they are committed to developing the Polkadot protocol and realizing it as a 1.X series. At the same time, Gavin also said that in the core development At the level, he hopes to be able to achieve the main elements such as performance, optimization, and transaction throughput.
The second batch of Parachain Auctions was launched on December 24, and new bidders have also entered the arena one after another. Prior to this, some projects announced that they would participate in Polkadot’s second batch of parachain slot auctions.
For example, Coinversation Protocol, a decentralized contract trading exchange, has officially launched a parachain slot auction; and Polkadot’s ecological Internet of Things (IoT) network Nodle has now opened Crowdloan. Being the first batch of parachains in the first round certainly has the advantage of being the first to win, but because of this, the competition in the first round is also the fiercest. However, if the project chooses to avoid its edge, it is also a good choice to directly participate in the second batch of slot auctions.
In addition, core-level functions such as SPREE, XCM, etc. are still being optimized. Although some projects may be connected to Polkadot's relay chain at a later stage, as time goes by, Polkadot itself It will also become more and more stable, and the cross-chain interaction can also be better. From this point of view, there is no need to rush to compete for Polkadot's parachain slot.
It is worth noting that in the first round of slot auctions a month ago, many projects such as Bifrost assisted the bidders in their Crowdloan activities, providing new solutions for users participating in Crowdloan while realizing DOT pledges. to increase asset utilization.
From another perspective, the Crowdloan activity of supporting projects is also an act of trust and endorsement. If the projects supported are not of high quality, it will affect the user’s trust in the two parties. Therefore, the projects participating in the bidding can also seek cooperation to provide Endorse yourself to gain support from more users.
Last week, Messari, a well-known investment research institution, launched its annual report Crypto Theses for 2022. Among the cryptocurrency-focused risk and hedge fund portfolios tracked by Messari, the data for the third quarter of 21 showed that Polkadot is the most commonly held Some assets (statistics are excluding BTC and ETH).
According to the laws of the traditional financial market, the more high-quality capitals participate in the ecology, the better its development will be, because ecology and capital complement each other. In addition, the fact that heroes see the same thing is also very applicable at the capital level.
Of course, apart from the great potential of Polkadot itself, another reason why capital is optimistic about Polkadot is that the Polkadot ecology also has great potential.
In recent months, although it can be felt that the amount of financing in the Polkadot ecosystem is not as large as before, the projects that have received financing tend to have higher and higher financing amounts, and top institutions often participate.
On the other hand, behind some high-quality parachains participating in slot auctions, many high-quality capital can also be seen. This shows that the Polkadot ecology is very attractive to high-quality capital. On the one hand, holding Polkadot can enjoy the development dividend of Polkadot itself.
On the other hand, if you have invested in Polkadot’s ecological projects, you can also use Polkadot to support the slot auctions of these projects, which can not only help the development of the project, but also obtain additional Crowdloan rewards. For capital, Polkadot The funds for ecological participation have a higher utilization rate of funds. From this point of view, it is not surprising that so many institutions will often hold them.
Our newly launched Web3 SHOW column focuses on the development of Web3, and recently had two passionate conversations with Moonbeam and Astar, and raised many doubts and sharp questions about their development.
The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.
Polkadot Dynamics
In it, Moonbeam and Astar revealed their detailed plans for the future, and which well-known high-quality projects will soon join their ecology. You can view the details in the Mirror address of our Polkadot Ecological Research Institute: https://mirror.xyz/0x9A259b3a2316281Cc948cE2Cf1Ac610a79844f05
The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.
Polkadot Dynamics
[At around 6:07 am on December 18, 2021, the first batch of 5 parachains have all been connected to the Polkadot relay chain, and blocks will start to be generated in the form of parachains]
December 18, 2021 is an exciting and historic day for Polkadot. After 5 years of research and development, and a multi-stage launch that began in May 2020, the Polkadot launch is now complete, with all auction-winning parachains currently producing blocks on the network. The onboarding process for Polkadot's first batch of 5 bidding parachains starts at 06:07 AM local time from lease period 6. All five current parachains have now successfully joined the network.
[Polkadot founders Gavin and Robert released a video to celebrate the launch]
Polkadot's two founders, Gavin Wood and Robert, and core developer Shawn released a video to celebrate the launch: Gavin said: "The launch of the parachain on Polkadot is actually the fifth and final stage of Polkadot's launch. This represents our official delivery of the What was stated in the Polkadot white paper at the end of 2016." "We have taken steps in the design of Polkadot to ensure that it can be upgraded. If some future new technology comes out ten years later that we could not even imagine at the time, then Polkadot can be upgraded. Support this new technology." Polkadot founder Robert said.
[At around 12 am on December 19, the 18th Auction of Kusama Network ended, and Sakura, a cross-chain DeFi ecological construction system based on SubStrate, won the 18th slot]
At around 12 am on December 19th, the 18th Auction on Kusama Network ended, and Sakura won the 18th slot by locking 17,416 KSM. At present, a total of 19 parachains including Statemine have entered the Kusama relay chain, and a total of 3,034,700 KSM are locked in the slots of the parachain and Crowdloan, accounting for 25.7% of the total circulation.
[At around 13:30 on December 19th, Kusama Network will open the 19th Auction]
At around 13:30 on December 19th, Kusama Network launched the 19th Auction. Crust is currently the highest bidder.
[Encointer will be launched on the Kusama network in the form of a public welfare parachain at the beginning of Lease 18 (probably on January 9, 2022)]
Kusama’s referendum No. 158 has been implemented, and Encointer will be launched on the Kusama network at the beginning of Lease 18 (probably on January 9, 2022) in the form of a public welfare parachain.
[Polkadot's first parachain, Statemint, will host the treasury module]
On December 17, the Polkadot network passed and implemented the No. 46 referendum, officially upgrading Shell to the asset chain Stetemint. Polkadot officially shared the status of Statemint's launch and future functional plans for the first time. In the future, the treasury module will be transferred from the relay chain to the Statemint parachain. The purpose of this is to reduce the load on the relay chain, and to allow the treasury to hold other assets.
[Polkadot founder Gavin Wood answered Polkadot's development focus after the parachain goes online in the community question-and-answer session on the Polkadot Parachain Party]
Gavin Wood, the founder of Polkadot, answered the development focus of Polkadot after the parachain goes online in the community question-and-answer session on the Polkadot Parachain Party. Gavin said that the first chapter of Polkadot has ended, and the second chapter will be dedicated to developing the Polkadot protocol and implementing it as a 1.X series.
[Polkadot founders Gavin and Robert expressed their opinions on projects in the ecosystem in the "Polkadot behind the code, let's walk into the Polkadot ecology" series]
Polkadot founders Gavin and Robert expressed their opinions on projects in the ecosystem in the series "Polkadot behind the code, let's walk into the Polkadot ecology together".
[On December 22, Web3 Foundation researcher Jonas Gehrlein published an analysis of the first five parachain slot auctions on Polkadot]
The article states that the Polkadot network has reached another remarkable milestone, delivering one final feature to realize the Polkadot vision outlined in the white paper (aka Polkadot Paper). The first five slot auctions have been successfully concluded and the winning parachain has been launched on December 18th. With this, we, as a community, are making history -- again. Many parachain teams have been working tirelessly for years to build their applications and make Web3 and its vision a reality. Now it's finally here: Parachains running on Polkadot.
[At around 1 am on December 29, domestic time, Polkadot ambassadors and ecosystem project members and founders will have a dialogue to celebrate the achievements of the Polkadot community in 2021 and discuss the key points to focus on in 2022]
At around 1 am on December 29th, domestic time, Polkadot ambassadors and ecosystem project members and founders will have a dialogue to celebrate the achievements of the Polkadot community in 2021 and discuss the key points to focus on in 2022.
[Under the implementation of referendum 39, Polkadot’s second batch of parachain Auctions has started at 03:04 on December 24, 2021, and 6-11 Auctions will be held within the next 12 weeks, starting every two weeks A new auction]
Under the implementation of referendum 39, the second batch of Parachain Auction has been opened at 03:04 on December 24, 2021. The 6th Auction is currently underway, and Efinity has received the most contributions, followed by Composable Finance, Centrifuge, Interlay, Litentry, and Nodle. Auctions 6-11 will be held over the next 12 weeks, with new auctions starting every two weeks. There are currently 13 parachains involved.
[At around 12 am on December 26, the 19th Auction on Kusama Network ended, Crust won the 19th slot by locking 30,026 KSM]
[At around 13:30 on December 26, Kusama Network will open the 20th Auction]
According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:
At around 13:30 on December 26, the Kusama Network launched the 20th Auction, and the current highest bidder is Robonomics.
[Polkadot Weekly | Polkadot’s second round of Auction starts! 20 parallel links into Kusama]
According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:https://mp.weixin.qq.com/s/gPlNtpMnkm9dAtxNJFj8Pw
Under the implementation of referendum 39, the second batch of Parachain Auctions has been opened at 03:04 on December 24, 2021! The 6th Auction is currently underway, and Efinity has received the most contributions, followed by Composable Finance, Centrifuge, Interlay, Litentry, and Nodle.
Auctions 6-11 will be held over the next 12 weeks, with new auctions starting every two weeks. As of the publication, 13 parachains have participated in it.
Robert, the co-founder of Polkadot, said in the online event of the parachain party, "Polkadot is the world's first heterogeneous sharding system. No one is close to the product we launched today." Gavin also answered online at the event For some questions in the community, click here to view:
Polkadot officially released the third part of the "Story Behind the Code" documentary. In this documentary, in addition to the two founders of Polkadot and the developer of Parity, ecological projects and contributors participated in the recording.
Jonas Gehrlein, a researcher at the Web3 Foundation, published a data analysis of the first five parachain Auctions on Polkadot.
Energy Web announced a partnership with Parity to establish the Energy Web alliance chain in 2022. The Energy Web consortium chain will be positioned as the first multi-chain network connected to Polkadot.
big ecological news
At around 12 am on December 26, the 19th Auction on the Kusama network ended, and Crust won the 19th slot by locking 30,026 KSM. At around 13:30, the Kusama network opened the 20th Auction, and the current highest bidder is Robonomics.
As of the publication, a total of 20 paralinks including Statemine have entered the Kusama relay chain, and a total of 3,040,600 KSM has been locked in the slots of the parachain and Crowdloan, accounting for 25.7% of the total circulation.
big ecological news
[On December 17, the synthetic asset issuance agreement based on the Polkadot parachain and Coinversation, a decentralized contract trading exchange, officially opened the second batch of Polkadot parachain slot auctions]
Coinversation has announced earlier that it will participate in the second batch of slot auctions, and the Para ID is 2027, striving to win the second batch of Polkadot slots. If all goes well, the parachain will go live in the first quarter of 2022, and at the same time start the construction of the Coinversation parachain ecology.
[Zeitgeist, the Web 3.0 prediction market hub designed for the Polkadot and Kusama ecosystem, is expected to officially access the KSM parachain on January 9 next year]
Recently, Zeitgeist CEO Logan said in an interview that Zeitgeist is expected to be officially connected to the KSM parachain on January 9, 2022, and introduced in detail about partners, token distribution and the App itself. Logan said that the token transfer function will not be enabled on the day of accessing the parachain, and the Sudo account will be temporarily reserved to ensure that more feature sets can be introduced in the first few weeks. The Sudo account will be removed after the token transfer is officially opened. After that, TTE (Token Transferable Activity) will be opened, thereby starting the distribution of tokens. The TTE is expected to open shortly after January 9.
【Polkadot smart contract platform Moonbeam starts decentralization process and expands Collator Set】
Moonbeam, an Ethereum-compatible smart contract platform on Polkadot, has begun the process of decentralization and added 24 third-party proofreaders to the set of active proofreaders. This marks the start of the first phase of Moonbeam’s launch process, which will gradually phase out features to ensure network stability. This is the final stage before the network goes fully live and is expected to take place in mid-January, when Moonbeam will be fully live with the EVM and enable balance transfers.
[SubQuery announced the release of Token Economy on December 21]
Tokenomics is an important part of a blockchain project, which is crucial to the success of any utility token. SubQuery is creating a decentralized and incentivized web that feeds data for the future of Web3.
[Polkadot IoT chain Nodle has opened Crowdloan and started the countdown to early bird rewards]
The Polkadot ecological Internet of Things (IoT) network Nodle has announced that it will participate in the second batch of Polkadot parachain Auction. Nodle provides the Polkadot ecosystem with next-generation IoT capabilities, including connectivity, machine-to-machine payments, asset tracking, contact tracing, and device authentication and identity verification. This means that any other chain ecosystem that interoperates with Polkadot will benefit from IoT services and smart contracts running on Nodle Chain.
[Polkadot's most advanced data indexing solution, SubQuery, launched a $500,000 funding plan to promote the growth of the Polkadot ecosystem]
SubQuery announced that its grant program has launched, with an initial grant of $500,000 available to eligible developers. The vision of the SubQuery grant program is to provide critical opportunities for blockchain developers, community members and wider ecosystem participants to create the next generation of decentralized applications. These applications are expected to power Polkadot-based solutions that will support Web 3.0, an evolving set of future Internet standards.
[On December 22, Polkadot Ecological Basic Agreement (Rainbow Bridge) Bifrost became the first 10 planned Genesis brand partners of Metaverse NFT brand Metaprints]
On December 22, Bifrost reached a cooperation with Metaverse brand portal Metaprints. Metaprint plans to design a Genesis Metaprint NFT for Bifrost and add it to the INO series. Additionally, the Bifrost Genesis NFT will give holders the opportunity to earn a percentage of rewards based on the sale of Bifrost Metaverse assets managed by Metaprints.
[Apex Exchange supports the second round of DOT slot auctions, and the top 20 users who vote through Apex Exchange will receive an additional reward of 500 USDT on average. In addition, you can also get additional project token rewards and the peak AscendEX subsidy of 40,000 USDT]
Summit Exchange supports the second round of DOT slot auctions, and the top 20 users who vote through Summit Exchange will receive an additional reward of 500 USDT on average. In addition, you can also get additional project token rewards and the peak AscendEX subsidy of 40,000 USDT.
[Polkadot's ecological financial center Acala's leading network Karura is about to launch the first synthetic asset agreement Taiga]
On December 23, Web3 DeFi rookie Taiga will release the first Synthetic Asset Protocol on the Kusama DeFi center Karura network after several months of cooperation with the Acala and Karura teams. Karura provides a complete set of financial applications, including Trustless Release Staking Liquidity Products (LKSM), Multi-Asset Collateralized Stable Assets (kUSD) and AMM DEX (Karura Swap). The Taiga protocol will be seamlessly integrated into the Karura product stack, empowering the DeFi protocol on Karura through highly available synthetic assets.
Bifrost announced support for Polkadot's Web3.0 metaverse storage protocol Crust's Crowdloan activity. Bifrost is committed to providing Liquidity for locked assets between multiple chains, and building a Liquidity bridge between heterogeneous chains. During this Polkadot Crowdloan event, Bifrost will cooperate with Crust to help Crowdloan participants obtain the experience of Liquid DOT (vsDOT) while staking DOT on Crust, creating innovative solutions for users participating in Polkadot Crowdloan, helping more Polkadot Crowdloan contributors gain more competitive opportunities under the multi-chain development pattern.
Ecological investment and financing
[On December 24, the financial institution Impossible Finance announced that it will launch its new Launchpad on Moonriver, the leading network of the Polkadot smart contract platform Moonbeam, to build a multi-chain future]
On December 24, the financial institution Impossible Finance announced that it will launch its new Launchpad on Moonriver, the leading network of Polkadot smart contract platform Moonbeam, to build a multi-chain future. The first SDO (secondary #DEX offering) will offer $IDIA tokens at an 8% discount and is currently open for subscription.
Ecological investment and financing
According to news from CoinDesk on December 20, Gear Technologies, the smart contract layer of the Polkadot blockchain framework, completed $12 million in financing, led by Blockchange, and led by Three Arrows Capital, Lemniscap, Distributed Globals and other venture capital firms, Web3 Foundation and Parity Technologies. Several executives, including Polkadot founder Gavin Wood, participated.
Ecological cooperation
[Interoperability startup Interlay completes $6.5 million financing, led by DFG Capital]
DFG Capital has led a $6.5 million investment in interoperability startup Interlay, which is building decentralized financial applications across major blockchains such as Ethereum, Cosmos and Polkadot, Cointelegraph reported Dec. 22. infrastructure.
Ecological cooperation
[Polkadot’s Ecological Basic Protocol (Rainbow Bridge) Bifrost and Polkadot’s multi-layer DeFi protocol Composable jointly launched the vsDOT Farming pool, voting for Farming 20k BNC]
Bifrost announced support for the Crowdloan activity of Composable, a DeFi protocol with Polkadot's multi-layer architecture. Bifrost is committed to providing Liquidity for locked assets between multiple chains, and building a Liquidity bridge between heterogeneous chains. During this Polkadot Crowdloan event, Bifrost will cooperate with Composable to help Crowdloan participants get the experience of Liquid DOT while staking DOT on Composable, creating innovative solutions for Polkadot Crowdloan users and helping more Polkadot Crowdloans Contributors gain more competitive opportunities under the multi-chain development pattern.
【Energy Web, a global non-profit organization, has formed a partnership with Parity Technologies, a decentralized network, to build the first energy network alliance relay chain connected to Polkadot in 2022】
Energy Web announced a partnership with Parity Technologies to build the Energy Web Consortium relay chain in 2022. The Energy Network Alliance Relay Chain will be positioned as the first multi-chain network connected to Polkadot.
[Crust Network, a decentralized storage network used to build the Web3.0 ecosystem, cooperates with the smart contract platform OEC to launch a decentralized storage solution]
Crust Network announces a decentralized storage network that supports Web 3.0 style data and file architecture Crust Network cooperates with OEC to launch a practical, powerful and user-friendly IPFS-based decentralized storage solution package and developer for OEC (OKExChain) users .
ParaSwap has reached a cooperation with Celer cBridge to achieve multi-chain expansion by establishing an open native asset standard. ParaSwap has also partnered with Celer to further expand its multi-chain strategic plan. The two parties will work together to ensure that ParaSwap is not affected by the problem of supplier lock-in as it continues to expand multi-chain. As one of the best DEX liquidity aggregators across Ethereum, Polygon, BSC and Avalanche, ParaSwap's PSP can now directly cross-chain from Ethereum to BSC, and plans to integrate more chains in the near future.
*The information provided by the Polkadot Ecological Research Institute does not represent any investment hints. The published articles only represent personal opinions and are for reference only. Since there are no policies and regulations related to digital assets in China, users in mainland China are requested to pay close attention to the development of Crypto.
Integritee Network, a blockchain project based on Substrate's multi-layer structure combined with Polkadot technology and enterprise off-chain technology, has reached a cooperation with RbC Office, a global blockchain investment organization.
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