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

After Polkadot's first batch of five parachains were officially launched, Polkadot's second round of Auction was launched immediately. On December 30, 2021, Efinity, a Polkadot-based decentralized metaverse facility, won Polkadot's 6th Parachain Slot Auction.

The successful launch of the first batch of parachains means that Polkadot has officially entered the multi-chain era, and with the launch of the second and third batches of parachains in the future, more and more parachains with different functions and directions will Will benefit from Polkadot's cross-chain, and then bring innovation or play the network effect of Polkadot's cross-chain.

On the other hand, the stable operation of the first batch of parachains on the Polkadot network is inseparable from the "pathfinder" Kusama. On January 2, 2022, the Kusama network has ended the 20th parachain slot auction, which also means that 20 projects are already running on the Kusama network.

Even though Polkadot has started the auction of parachain slots, Kusama’s mission is far from over. We can’t just regard Kusama as a testnet.

In fact, judging from the current ecological development of Kusama compared with the situation of Polkadot, the two have already stepped out of different ecological developments. Although the Kusama network is still continuing to be the leading network of Polkadot to test various new functions and governance methods, But it has its own community and governance. We should regard Kusama as a mature public chain that is closely related to Polkadot and has a different ecology.

https://mp.weixin.qq.com/s/y1sL0ePXdIchIb4au49r3A

Last weekend ushered in the beginning of the new year, and Gavin Wood also reviewed Polkadot's achievements in 2021 on the occasion of the new year. He made a summary from various aspects such as the online situation, technological development, social platform and website construction, and community cohesion.

And data has always had the best convincing power. In the year of rapid development of the Polkadot ecosystem in 2021, the amount of code at its core technical level exceeded 2 million lines of code. There were only 2,600 developers a year ago, and now it has expanded to nearly 10,000. From the perspective of Polkadot's pledge and investment, it has achieved relatively large growth.

2021 is destined to be an extraordinary year for Polkadot. It not only completed an extraordinary milestone, but also realized the vision of 2016. For Gavin Wood's year-end summary of Polkadot, for details, please refer to:

In addition, Zenlink made frequent moves last week. As a cross-chain DEX protocol based on Polkadot, it has characteristics different from general DeFi. It also made Gavin name projects with characteristics such as Zenlink and RMRK as smart contract 2.0 projects. After the new chapter of the card is opened, it may play a more critical role. Zenlink will make DEX more composable on Polkadot.

Previously, Zenlink has completed cross-asset transactions between Polkadot parachains, which means that the Zenlink DEX Module will become the cross-chain channel hub of all parachains in the Polkadot ecosystem to be responsible for the cross-chain transactions of the entire network.

Now, Zenlink has launched a new function, X-Transfer, which integrates cross-chain and token transfer functions, will provide the community with a one-stop cross-chain bridging service, especially the upcoming support of Substrate chain to Substrate chain and EVM chain to Substrate The cross-chain interaction of assets between chains has opened up the gap between the EVM architecture and the Substrate chain on the Polkadot ecology, bringing great convenience to the Polkadot ecology, which also reflects the extremely strong scalability of the Polkadot ecology .

Therefore, Deutsche Telekom subsidiary also started to use Polkadot. In our opinion, it is a natural thing. When more and more people or teams understand Polkadot’s technology, I believe more people will join Come in. Therefore, one of the most urgent tasks of the Polkadot ecology is to do a good job in technology promotion and allow more teams to enter, even traditional enterprises. This is one of our expectations for Polkadot in 2022.

The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.

Polkadot Dynamics

The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.

first level title

Polkadot Dynamics

[At 23:36 on December 30, 2021, Efinity, the Polkadot-based decentralized metaverse infrastructure, locked 7,695,300 DOT to win Polkadot’s 6th Parachain Slot Auction]

As throughout the entire candle period, Efinity was in the lead. So after the "rolling the dice" ended, at 23:36 on December 30, Efinity won Polkadot's sixth parachain slot Auction by locking 7,695,300 DOT.

[Polkadot's 7th Parachain Slot Auction will open at 2:46 am on January 7, 2022]

Because Polkadot’s second round of slot auction is conducted every two weeks, the seventh parachain slot auction will start at 2:46 am on January 7, 2022.

[Polkadot founder Gavin Wood published an article on December 31, 2021, summarizing the development of Polkadot in 2021]

Gavin Wood published an article on December 31, 2021, summarizing the development of Polkadot in 2021. The article summarizes the launch of parachains, the development of Polkadot technology, social networking and websites, and other aspects. At the same time, Gavin also expressed his vision for the new year.

[At around 12 am on January 2, the Kusama network ended the 20th Parachain Slot Auction]

At around 12:00 am on January 2, the Kusama network ended the 20th parachain slot auction, and the third batch of Kusama auctions is currently over.

[The 21st Kusama auction will start around 17:00 on January 9th]

big ecological news

The 21st Kusama auction will start around 17:00 on January 9th. In the fourth batch of Auction, there are 5 parachain slots for auction.

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big ecological news

[T-Systems MMS announced support for the Polkadot blockchain ecosystem on December 27]

Deutsche Telekom subsidiary T-Systems MMS will use its infrastructure as a validator to participate in public blockchain network Polkadot. Additionally, T-Systems MMS has acquired DOT tokens and supports interoperability between decentralized blockchain networks.

[On December 28, Polkadot's underlying cross-chain DEX protocol Zenlink's integrated cross-chain X-Transfer was officially launched]

On December 28, Polkadot's underlying cross-chain DEX protocol Zenlink's integrated cross-chain X-Transfer was officially launched. Zenlink will soon support cross-chain transfers between MoonriverNW $MOVR network assets and Bifrost $BNC network assets.

[Decentralized network transmission project Deeper Network announced that it will upgrade the Deeper Chain EVM test network]

Deeper Network is about to upgrade the Deeper Chain EVM test network in preparation for the comprehensive EVM upgrade next week. This will allow developers to start building new products on the Deeper Chain for all users on the Deeper Network.

[The fourth cycle of Polkadot's underlying cross-chain DEX protocol Zenlink LP farming is underway on Polkadot's ecological basic protocol (Rainbow Bridge) Bifrost]

The fourth cycle of Zenlink LP farming, Polkadot’s underlying cross-chain DEX protocol, is being carried out on Polkadot’s ecological basic protocol (Rainbow Bridge) Bifrost. LPs of BNC-KSM, KSM-vsKSM and KSM-kUSD should be manually migrated to new farming pools to Continue to earn $ZLK and $BNC rewards.

【Parallel, a decentralized lending protocol, announced that it will support the Polkadot privacy computing parachain Phala crowdloan in the second batch of Polkadot parachain slot auctions】

Parallel, a decentralized lending protocol, announced that it will support the Polkadot privacy computing parachain Phala crowdloan in the second batch of Polkadot parachain slot auctions. Users can use Parallel to access all $PHA bonuses.

[Polkawallet launched a new brand UI and UX on December 27, and announced its support for Polkadot's ecological financial center Acala, and its V3.0 version is now available for space station style download]

Polkawallet launched a new brand UI and UX on December 27, and announced support for Acala, the Polkadot ecological financial center. Its V3.0 version is now available for space station style download.

[Polkadot's underlying cross-chain protocol Zenlink surpassed the DEX protocol Solarbeam and became the largest DEX protocol of Moonriver, the leading network of Polkadot's smart contract platform Moonbeam on TVL]

Polkadot’s underlying cross-chain protocol Zenlink surpassed the DEX protocol Solarbeam and became the largest DEX protocol of Moonriver, the leading network of Polkadot’s smart contract platform Moonbeam on TVL.

[The market share of Parallel Auction Loan, a decentralized lending protocol, has officially surpassed that of Binance, and the total locked positions currently exceed 23.69MDOT]

At present, Parallel's market share in Crowdloan products has officially surpassed that of Binance, becoming the largest contribution platform in Crowdloan. Parallel Auction Loan currently locks up more than 23.69M DOT (765M USD), and more than 10 projects have reached cooperation with Parallel to provide Crowdloan users with additional rewards higher than other Crowdloan platforms. Users participating in Crowdloan through Parallel can not only get extra rewards, but also maintain liquidity.

[The Polkadot ecological decentralized identity project Litentry's second Crowdloan is launched on the Polkadot ecological basic agreement (Rainbow Bridge) Bifrost, the rewards are increased, and the early bird reward countdown is 3 days]

Polkadot’s second batch of parachain Auctions has been launched. Litentry, the Polkadot ecological decentralized identity project, also participated in this round of Auctions. Crowdloan was opened again, and a 5% referral reward was added. Get liquidity vs DOT and BNC bonuses on Bifrost. All crowdfunding LIT rewards and referrals also apply.

[With the release of the latest parachain, users can now use the multi-purpose platform Guarda Wallet to store and fully manage and hold Polkadot on any device]

With the release of the latest parachain, Polkadot continues to take the development of crypto to a whole new level. Users can now use the multi-purpose platform Guarda Wallet to store and fully manage and hold Polkadot on any device.

[HydraDX, a long-term liquidity universal pool, announced the official opening of its Crowdloan on December 28]

HydraDX, a long-term liquidity universal pool, announced on December 28 that its Crowdloan was officially opened.

[The real-world asset RWA market built on the real-world DeFi application Centrifuge and the open-source non-custodial protocol Aave is now live]

The Real World Assets (RWA) marketplace is now live. The RWA marketplace is built on top of the Centrifuge and Aave protocols, connecting DeFi to the unlimited potential of the real world.

[Blockchain ecological security company SlowMist & CertiK has completed the code audit of Polkadot's ecological DeFi basic protocol Bifrost, and Bifrost's current cumulative TVL has reached 181,221,222 US dollars]

According to the statistics of SlowMist Hacked, as of December 29, 2021, a total of 594 blockchain hacking incidents have occurred, and the total amount of hacking losses is about $23,829,789,641. Security is undoubtedly the first priority for any DeFi project. As the basic protocol of the Polkadot ecological DeFi, Bifrost won one of the first batch of Kusama slots in July this year. At the same time, the SALP business was launched in September to support the release of Kusama & Polkadot parachain slot liquidity. The current cumulative TVL has reached 181,221,222 US dollars.

[Polca's underlying cross-chain protocol Zenlink announced its open source plan on December 29]

Zenlink announced its Open Source plan on December 29, which will follow the steps of Blockchain Explorer open source, audit report release, and GitHub code open source.

[SubQuery celebrates the winners of the Encode Club Hackathon on December 29]

After 10 weeks and scrutiny by renowned judges in the Polkadot ecosystem, Bryan Chen (co-founder and CTO of Acala), Hang Yin (co-founder of Phala Network), Jack Platts (co-founder of Hypersphere Ventures) and Sota Watanabe (co-founder of Founder of Astar, CEO of Stake Technologies) and others won. The challenges for the Acala/Karura and SubQuery portion of the hackathon focused on leveraging the power of Polkadot's leading DeFi platform combined with SubQuery data. Apart from the warm-up challenge where developers can get used to the Karura SubQuery project, the main challenge is building a DeFi bot, dashboard or analytics tool or a DeFi DApp.

[Token Pocket and Math Wallet now support Polkadot's Web3.0 metaverse storage protocol Crust mainnet token]

Crypto&Defi wallet Token Pocket and multi-chain Crypto wallet Math Wallet now support Polkadot's Web3.0 metaverse storage protocol Crust mainnet token.

[Polkadot Ecological DeFi Basic Protocol Bifrost SALP Announces Support for Web3.0 Privacy Computing Protocol Phala Crowdloan]

Bifrost announced support for the Crowdloan activity of Polkadot's Web3.0 privacy computing protocol Phala. Bifrost is committed to providing the liquidity of locked assets between multiple chains and establishing a liquidity bridge between heterogeneous chains. During this Polkadot Crowdloan event, Bifrost will cooperate with Phala to help Crowdloan participants get the experience of Liquid DOT (vsDOT) while Phala pledges DOT, creating innovative solutions for users participating in Polkadot Crowdloan, helping more Polkadot Crowdloan contributors gain more competitive opportunities under the multi-chain development pattern.

[The third cycle of trading mining of Polkadot's underlying cross-chain protocol Zenlink has ended, and the fourth cycle is now open]

The third cycle of trading mining of Polkadot’s underlying cross-chain protocol Zenlink has ended, and the fourth cycle is now open.

[Zenlink, the underlying cross-chain protocol of Polkadot, has changed the distribution method of invitation rewards of Bifrost, the basic protocol of Polkadot's ecological DeFi, from airdrop to receiving]

Zenlink, the underlying cross-chain protocol of Polkadot, has changed the distribution method of Bifrost's invitation rewards from airdrops to collection, and users can receive invitation rewards in Bifrost.

[Genshiro, the DeFi one-stop shop on Kusama, announced that it has bridged with the decentralized energy-efficient public chain HECO Chain, using $hDOT as collateral, and then borrowing actual $DOT]

Genshiro announced that it has bridged with HECO Chain, the first actual DeFi use case of $DOT via $hDOT. Bridge $hDOT, use it as collateral, then borrow actual $DOT. Make these tokens participate in Polkadot crowdloans.

[Decentralized cross-chain bridging network Darwinia is now launched on Subsocial, a decentralized social network open protocol platform]

*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.

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