Produced by the Polkadot Ecological Research Institute, it must be a boutique
(The article is very long, it is recommended to bookmark it before reading)
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Produced by the Polkadot Ecological Research Institute, it must be a boutique
(The article is very long, it is recommended to bookmark it before reading)
background
The time has come to the beginning of the new year. The past 2021 has left a deep impression on us. The new crown epidemic is still spreading around the world, and even the number of transmissions has not decreased due to the arrival of winter, but has intensified.
Therefore, no matter for any industry, 2021 is still a difficult year. We had hoped that 2021 would be better in 2020, but obviously we underestimated the ability of the virus and had to continue to face up to this disaster.
For Polkadot, the past 2021 seems to have been affected by the epidemic, some global activities have been significantly reduced, and we can only share the joy of ecological development online through the screen, but it seems that we have become accustomed to this, but these None of them have been able to hinder Polkadot's stride forward, at least we have seen more dawn...
Whether it’s Kusama’s slot auction or the launch of the Polkadot parachain, everything seems to be proceeding from the bottom up as the epidemic fluctuates. Of course, we have also witnessed the development of other public chains in the blockchain ecosystem. Whether it is Solana, which is working hard in summer, or Terra, which has been soaring recently, it seems that other ecology has shown good vitality, but the Polkadot ecology seems to have just started on the road, from "crossing the river blindly" to the green grassland.
Therefore, when we summarize the development of Polkadot in the past year, we will always have a lot of feelings. After all, the ecology that was popular at the beginning of the year seems to have lost a lot of fun at the end of the year, and there is even a feeling of driving high and low. But some data in turn "reject" such a label, perhaps this is the meaning of the year-end review: to use a more comprehensive perspective to examine and summarize the development of the past year, and to look forward to the future.
So, let us start to review Polkadot's major annual events in 2021 with a timeline, and go up the stairs to see the highlights of the past year.
Timeline Review Polkadot Annual Events
1. The first quarter
On January 7th, the top brand design company Koto will reshape the brand image of Polkadot. Polkadot will undergo a major transformation through "on-chain" governance.
On January 14, Polkadot (China) Ambassador Program 2021 recruitment started. In 2021, the ambassador program in China will be upgraded across the board. Based on the recruitment of junior ambassadors, it will be more internationalized. At the same time, growth mechanisms and incentives will be set up, and broader international exchanges will be established.
On January 15th, the Web3 Foundation participated in the Real World Decentralized Cryptography Symposium. The workshop will address topics such as distributed key generation, threshold cryptography, and multi-party computation, with a concluding panel discussion on the setup, robustness, and reproducibility of cryptographic schemes when deployed in decentralized real-world conditions. Structural programs, etc.
On February 22, the Substrate Builder Program started the certification system.
On February 23, Polkadot released the online process of the parachain. Current stage: Testnet debut; Phase 2: Kusama debut and Slot auction; Phase 3: Polkadot debut and Slot auction.
On February 26, The Graph integrated indexing and querying into Polkadot. The Graph and Polkadot have launched an official integration plan to extend the decentralized data network into Polkadot's thriving parachain infrastructure. This move will support developers using The Graph to build powerful applications on Polkadot and enable all developers participating in the ecosystem to query Subgraph.
On March 9, Ledger Live has supported Polkadot. Users now have the option to manage their own accounts and interact with the network, including staking DOT, to sign transactions using their Leger hardware devices within the Ledger Live app.
From March 20th to 21st, the first Polkadot Hackathon (Polkadot Hackathon) was held in Shanghai. Polkadot Hackathon is a developer hackathon entrepreneurship competition in the Polkadot ecosystem, co-sponsored by Parity and the OneBlock+ community.
2. The second quarter
On April 7th, the Polkadot India Hackathon, co-sponsored by the Swiss Web3 Foundation and Lumos Labs, was held from March 30th to May 30th, aiming to enable programmers and entrepreneurs to create the next stage of the Internet Technology required, with a prize pool of $14,000.
On April 7, Tether (USDT) will be released on Kusama, followed by Polkadot, Tether will be the first stablecoin to be released on Polkadot.
On April 8, Polkadot first network Kusama Canary network slot auction rules were released.
On April 13, Berkeley Blockchain Xcelerator announced the 2021 list of co-startup companies. Over 200 projects have applied to participate, and several of the 21 selected teams have projects related to the Polkadot and Substrate ecosystems. The 21 projects selected cover a diverse range of applications, from infrastructure to DeFi to sustainable practices.
On April 15th, the ninth batch of 48 Grant projects of the Web3 Foundation was announced.
On April 20th, Gavin published on Github the three major stages of launching the Kusama parachain function and a series of tasks to be completed.
On May 19, Polkadot’s annual community conference, Polkadot Decode, was held as scheduled. This is Polkadot’s first Decoded event. This event was planned with the help of the community. After a public voting period, the final projects have been selected, featuring 40 talks and workshops on Polkadot.
On May 13, the Kusama parachain of Polkadot Pioneer Network has been upgraded to v0.9.1, and a referendum on the launch of the parachain has been launched. The voting will end at 6:00 on May 15, Beijing time. related code.
On May 14th, Gavin Wood delivered a speech at the opening ceremony of the Web 3.0 training camp and mentioned the latest progress of Polkadot and parachains. He said that the most prominent progress is undoubtedly the parachain system. Through this system, teams will be able to run their own parachains. At the same time, great progress has also been made in the areas of transfer bridges and frames. In addition, both XCMP and XCM have made significant progress, and a lot of work has been exceeded.
On May 18, Gavin initiated a motion on the Kusama network to allocate a free slot for Shell. The council has passed the motion, and parity has started the technical committee to accelerate voting. Next, the Kusama council will continue to vote, and the parachain consensus Once stabilized, upgrade the Shell to a Statemint asset chain!
On May 18, the road to the launch of Kusama has begun and is expected to be completed in three steps in the next few days. First, the Shell parachain will be deployed on Kusama, which has just been approved by governance. The second step is to perform an upgrade. In this case, governance will vote to upgrade the Shell parachain to the Statemine parachain. The third step is to start the auction. Once the parachain with transactions and consensus is running well with 900 validators on the Kusama network, the auction will start!
On May 19, Polkadot’s annual community conference, Polkadot Decode, was held as scheduled. This is Polkadot’s first Decoded event. This event was planned with the help of the community. After a public voting period, the final projects have been selected, featuring 40 talks and workshops on Polkadot.
On June 3, Polkadot’s Kusama council voted for the motion to upgrade the shell to statemine and announced that referendum 114 had passed, setting the Shell storage as the genesis of Statemine and including the calls required to update the UMP queue configuration. Next, Shell will be upgraded to Statemine.
On June 8, the Canary Network Card Slot Auction Rules were officially released.
On June 15, Polkadot officially launched Coinbase Pro. Beginning June 14, transfer DOTs to Coinbase Pro accounts before trading. With the exception of Singapore, jurisdictions supported by Coinbase generally offer support for DOT. Trading will begin on or after 9:00 a.m. Pacific Time (PT) on Wednesday, June 16, provided liquidity conditions are met.
On June 23, the first parachain was successfully connected to the Kusama Canary Network. The highest bidder of the first auction was Karura, the DeFi hub for the Kusama and Acala sister networks, which automatically joined the first parachain slot and started successfully producing blocks within just three hours of the auction closing. Acala is the cross-chain decentralized financial DeFi center of the Polkadot ecosystem, and Karura will serve the Kusama community.
3. The third quarter
On July 6th, the third Kusama parachain slot auction has ended, Astar (formerly Plasm network)’s leading network Shiden successfully won by locking 138,457 KSM. Kusama’s parachain has successfully connected to the Kusama relay chain, providing Polkadot The final core feature outlined in the white paper: purpose-built, interoperable parachains.
On July 8, the Web3 Foundation announced the cancellation of the $100,000 Grant limit via Twitter. "Based on our commitment to promote the Web3 ecology, we launched a powerful Grants program to fund the development and research of Polkadot, kusama, and Substrate. Now we have canceled the maximum funding limit for general grants."
On July 14th, the fourth Kusama parachain slot auction was over. Khala Network, the leading network of Polkadot’s privacy computing project Phala, successfully won Kusama’s parachain by locking 132,280 KSM.
On July 20th, the fifth Kusama parachain slot auction was over. Bifrost Network, the leading network of Polkadot Staking liquidity cross-chain network project Bifrost, successfully won the Kusama parachain by locking 142,431 KSM.
On July 22, the latest version of the Web3 Foundation Funding Program 2021 was released.
On July 28, the Kusama community voted to upgrade the runtime of the Statemine parachain. Statemine is Kusama's first featured parachain. Like the Kusama and Polkadot launches, the parachain launch is a complex process of steps.
On August 13th, the Web3 Foundation reached another major milestone in its search for a management and support team to build the decentralized web — a total of 300 projects approved for funding.
On August 19, the auction of the first batch of 5 parachain slots on Kusama has been successfully concluded during June and July, and the second round of Kusama parachain slot auction will start on 9.1.
On September 7th, Gavin Wood published an article about XCM (Cross Consensus Message Format).
On September 8, the candle period for Kusama's sixth auction ends! KILT successfully won the sixth slot in Kusama by locking 219,999.9 KSM! And it will be connected to the Kusama relay chain at 18:27 to generate blocks in the form of a parallel chain!
On September 10, following the 2020 summit, the Web3 Foundation was once again confirmed as the platinum sponsor of the 7th Blockchain Global Summit. Polkadot, a project funded by the Web3 Foundation and supported by Parity technology, will be exhibited during the summit to exchange the latest progress and achievements with the participants.
On September 13, Sub0 Online returns on October 13-14. Gavin Wood, the founder of Polkadot, delivered a keynote speech, leading everyone to understand the development journey of Substrate, and to look forward to the future of Polkadot and Kusama's blockchain framework. Sub0 Online brings together experienced and high-level Substrate developers and learners for two days of in-depth talks on blockchain frameworks aimed at building custom blockchains compatible with Polkadot.
On September 15th, Calamari Network, the leading network of Manta Network, won the Kusama 7th parachain slot auction with 218,247 KSM locked votes, and will soon be connected to the Kusama network to become a parachain block producer. Calamari crowdfunding contributors reached 16,005.
On September 16, Gavin Wood released Part II of XCM: Versioning and Compatibility.
On September 22nd, the Web3 Foundation has added kUSD as a payment method for its grant program (Grant). kUSD is the first decentralized stablecoin in the Polkadot ecosystem, which is generated by multi-asset mortgages.
On September 29, the candle period for Kusama's 9th auction ends! Altair successfully won the 9th slot of Kusama by locking 112,000 KSM! Connect to the Kusama relay chain and generate blocks in the form of a parachain!
On September 30, Gavin Wood released XCM Part III: Execution and Error Management.
4. The fourth quarter
On October 6, the candle period for Kusama's 10th auction ends! Parallel-Heiko successfully won the 10th slot of Kusama by locking 202793 KSM! Connect to the Kusama relay chain and generate blocks in the form of a parachain!
On October 12th, the Web3 Foundation has selected the 11th batch of projects to pass its funding program.
On October 22, Polkadot launched a global developer event. The event is in partnership with AngelHack, an eight-week hackathon that is an opportunity to build a blockchain or put an idea into code.
On October 13, Gavin tweeted that while it took months or even years for other chains to complete the deployment and upgrade of new network functions, Polkadot and Kusama only took 8 hours to deploy the new logic to the chain. And it's a secure, decentralized process co-managed by stakeholders.
On October 14, nearly five years after the Polkadot white paper first outlined the vision for a heterogeneous multi-chain framework, parachains are now officially ready to launch on Polkadot. Polkadot founders Gavin Wood and Robert Habermeier announced that Polkadot is now technically capable of supporting its first parachain, followed by the Polkadot Council's proposal to start the network's first parachain slot auction on November 11 .
On October 22, Rococo will become a decentralized community parachain testing platform.
On November 1, the Polkadot Council passed Motion122, which aims to open the registration of parachains and Crowdloan on the Polkadot network. The parachain team will start the registration of the parachain and start the Crowdloan activity around 02:15 a.m. on November 5, 2021, China time.
On November 2nd, in line with the content of the previous Bill 384 arrangement, the 13th auction of Kusama is now open! The auction will continue next week and end on November 8, 2021.
At 1:51 am on November 12, the 39th referendum to start the Parachain Slot Auction on the Polkadot network was officially completed, which means that the Polkadot Parachain Slot Auction was officially launched.
On November 12th, the Polkadot Asia-Pacific Hackathon Technical Seminar was held at 21:00 (Beijing time) on November 12th.
On November 16, Unique Network Pioneer Network Quartz won the 14th parachain auction, and Quartz is now the 15th parachain of the Kusama network. More than 8,800 users have staked KSM for Quartz.
On November 16th, Polkadot’s first auction entered its final candle period (starting on Saturday, November 13th).
On November 18, the candle period of Polkadot's 11th auction ends! Acala successfully won Polkadot's first slot by locking 32.5 million DOTs! Access the Polkadot relay chain and generate blocks in the form of a parachain!
On November 23, Kusama’s 15th Parachain Slot Auction ended. DeFi lending protocol Equilibrium pioneer network Genshiro won Kusama's 15th parachain slot with 47,425 KSM locked.
On November 25, the Polkadot network’s second parachain slot auction ended. Moonbeam won Polkadot's second parachain slot Auction by locking 35,759,900 DOT and successfully connected to the Polkadot network.
On November 28th, the 4 winners of Kusama's third batch of slots: Picasso, Bit.Country Pioneer, Quartz, Genshiro will all be at the beginning of Lease 17, that is, at 3:50 am on November 28th, domestic time, District When the block height is #10,281,600, it will be connected to the Kusama relay chain, and the block will be generated in the form of a parallel chain.
On November 28, the Kusama network will open the 16th slot auction, and the fourth batch of slots will have 5 auctions.
On December 1, Gavin said in an exclusive interview: Web3 decentralized technology is the only hope for maintaining freedom and democracy.
On December 2, Astar won Polkadot's third parachain slot Auction by locking 10,333,500 DOT.
On December 3rd, Edward Snowden and Polkadot founder Gavin Wood will have a historic discussion on Web 3.0.
On December 9th, Parallel won Polkadot's fourth parachain slot Auction by locking 10,751,500 DOT, successfully accessing the Polkadot network.
On December 12th, Kusama's 17th auction ended! Zeitgeist managed to win the 17th slot in Kusama by locking in 77,028 KSM! Connect to the Kusama relay chain and generate blocks in the form of a parachain!
On December 14, Gavin Wood was elected as one of the most influential figures in the encryption field in 2021.
On December 15th, Proposal 131 passed the Council and was fast-tracked by the Technical Committee. Referendum 46 was voted through. Shell was upgraded to the #Statemint parachain on December 17th, allowing anyone to create assets and mint NFTs on Polkadot.
On December 16, Clover Finance won Polkadot's 5th Parachain Slot Auction by locking 9,752,400 DOT.
On December 18, the first batch of five parachains of Polkadot started slot leasing on December 18. All 5 parachains are now successfully integrated into Polkadot. Polkadot's first batch of parachains that won the auction are Acala, Moonbeam, Astar, Parallel Finance and Clover.
On December 20, the Polkadot community has approved the upgrade of Shell's parachain to Statemint, which is a parachain dedicated to asset functions in Polkadot. The Shell parachain contains almost no logic other than an XCM interface to fetch messages from the relay chain to ensure Polkadot's finality guarantees are working before adding any parachains with more advanced features. Following referendum 46, which was unanimously approved by the community, Polkadot sent two messages to its shell, instructing it to perform an upgrade to Statemint.
On December 22, Kusama's 18th auction has ended! Sakura Finance successfully won the 20th slot of Kusama by locking 17,416 KSM! Connect to the Kusama relay chain and generate blocks in the form of a parachain! (Added Statemine and Encointer after slot 17)
On December 23, Deutsche Telekom adopted the Polkadot network and planned to use Substrate to build applications.
On December 24th, according to the arrangement of referendum 39, the second batch of parachain auctions will be held as scheduled! Auctions 6-11 will be held over the next 12 weeks, with new auctions starting every two weeks. So far, 12 parachains have been involved!
On December 28, Crust Network successfully won the 21st slot of Kusama by locking 30,026 KSM! Connect to the Kusama relay chain and generate blocks in the form of a parachain!
On December 30, Efinity won Polkadot's 6th Parachain Slot Auction by locking 7,695,300 DOT.
Polkadot ecological development
Developer situation
2021 is a year when multiple public chains flourish, and Ethereum is no longer the only one, and the hot topics are not limited to DeFi. Therefore, judging from the situation of developers in the entire blockchain industry, this year is also quite rewarding A bumper year.
Data source: Electric Capital Developer Report (2021)
Of course, this has the most direct relationship with emerging public chains such as BSC, Solana, Polygon, Terra, Avalanche, Fantom, etc., which will shine in 2021. We can see this from the price trends of these public chains. Do repeat.
Data source: Electric Capital Developer Report (2021)
Judging from the current average number of full-time monthly developers of various public chain projects, Polkadot has increased from 840 in 2020 to 1,400, making it the second largest public chain ecosystem after Ethereum and more than the third-ranked Cosmos nearly 400 people. The top five ecological projects are: Ethereum, Polkadot, Cosmos, Solana and Bitcoin.
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Data source: Electric Capital Developer Report (2021)
However, the development time of each public chain is different. If we compare the growth of developers from the first submission of the project, we can see that Polkadot is the second largest ecology. From the perspective of the vertical axis, in the same In the development time, Polkadot has the most developer support, which is a little higher than Ethereum; from the perspective of the horizontal axis, the time required for Polkadot to obtain the same number of developer support is the shortest among all public chains . Therefore, Polkadot deserves to be one of the leading projects in the Web3 ecosystem.
However, it is necessary to further explain the above two data, because many friends think that since there are so many developers of Polkadot, why does it feel that Polkadot is still in its early stage and the ecology has not yet developed?
This is because Polkadot is a Layer0 meta-protocol, and its development path is different from that of the general Layer1 public chain.
Generally, most of the developers in the Layer1 public chain are application developers who build applications such as DApps or DeFi on their public chains, and applications are the most direct way to activate the ecology and quickly attract users and funds into the ecology. Therefore, Layer1 The launch of the public chain will be much faster than Polkadot.
Most of the developers in Polkadot's ecology are building Layer 1 parachains, and there are much fewer developers building applications. Therefore, even though there are so many developers in the Polkadot ecosystem, Polkadot is still in the early stages of ecological development, because they are all polishing Layer1.
However, as the first batch of 5 parachain projects that won Polkadot slots officially joined Polkadot in December 2021, Polkadot's many Layer 1 parachains are ready to go, making final preparations, and will soon begin to develop their ecology.
Of course, there is no need to worry too much about these Layer1 parachain ecology, because these parachains are basically compatible with EVM, and can quickly integrate some mature applications in the EVM ecology. Developers who are familiar with Solidity on Ethereum can also use it freely Seamless transition to Polkadot ecology.
Moonbeam’s leading network on Kusama, Moonriver, can develop a good ecology a few months after the mainnet goes live. Other parallel chains that are also compatible with EVM can also follow the same pattern to quickly establish an initial ecology. At least don’t worry too much The problem of parachain startup.
In addition, in the Substrate and Parachain technology channels of the official Element (chat platform), there were only 2,600 people 12 months ago, but now there are nearly 10,000 people, and the expansion is more than three times, and this data is also more active than the statistics of Electric Capital just now. The number of developers is much larger, which may mean that there are more potential developers who are still learning, and Polkadot's ecological development has great stamina.
community situation
Community is one of the important indicators to visually reflect the influence of a project. In the past year, the number of Polkadot's official Twitter fans has increased from less than 100,000 at the end of 2020 to more than 1 million now, a substantial increase of more than ten times, and Kusama's Twitter fans have also grown from about 30,000 to more than 200,000 , an increase of more than 6 times.
The total number of other media channels is also growing, Polkadot's Reddit fans now exceed 70,000, while Discord has 20,000, and the YouTube channel now has more than 40,000 subscribers. (These data intuitively break the rumor that "Polca is only Chinese participating".)
There are many reasons for this to affect growth, the biggest reason being the expansion of the industry pool at the macro level. Overseas attention and acceptance of the Crypto field have grown so much in 2021 that users and funds in the entire Crypto field have grown rapidly.
Then there is the impact in the industry. 2021 is the year of the outbreak of various public chains, and it has also attracted many developers to constantly try new public chains, attracting users' attention and participation in the Polkadot ecology, and attracting capital to lay out in advance Polkadot ecology.
Finally, 2021 is also the year when Polkadot’s important functions will be launched. The parachain slot auction that has been waiting for many years is finally launched, and various parachain projects are actively carrying out crowd lending activities, which has also brought a large number of fans to Polkadot.
So far, judging from the current situation of Polkadot, the number of developers and the number of users have grown considerably. From this order of magnitude, the human base required for an ecological explosion is already very complete. The ecological development of the card is only a matter of time.
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State treasury governance
The treasury is an important source of funds and organizational structure for the ecological development of Polkadot. The operating mechanism of the treasury is to raise DOT/KSM funds through a part of inflation, a part of transaction fees, Slash, etc., and then through three types of expenditure proposals, tips and bounty tasks Spend funds in a way, and destroy a certain percentage (1% for Polkadot now, 0.2% for Kusama) of the remaining funds at the end of each spending cycle (24 days for Polkadot, 6 days for Kusama). (So, stop saying that Polkadot has no destruction mechanism)
In 2021, Polkadot's treasury received a total of about 15.17 million DOTs, equivalent to $390 million, spent 74,424 DOTs, equivalent to about $1.92 million, and destroyed 2.47 million DOTs, equivalent to $63.72 million. Among them, 50 proposals have been issued or approved, 177 tips have been issued, and 0 bounty tasks have been issued.
Kusama's treasury received a total of 290,000 KSM, equivalent to approximately US$60.46 million, and spent 13,716 KSM, equivalent to approximately US$2.86 million. Among them, 58 proposals have been issued or approved, 301 tips have been issued, and 3 bounty tasks have been issued.
Regardless of the total amount spent or the number of transactions of various types of spending, the activity of the Kusama treasury is slightly higher than that of the Polkadot treasury. This once again reflects that Kusama and Polkadot are not only different in some parameters, but also in governance, and its ecological development will also have many differences from Polkadot.
At present, the ecological project connected to Kusama has many differences from the ecological project connected to Polkadot, and the transfer bridge from Kusama to Polkadot is also being developed by Parity, and Kusama is stepping out of its own world.
In addition, whether it is Polkadot or Kusama’s treasury, its capital utilization rate is not high, and it does not exceed 20%. At present, the official is also considering multiple improvement plans to increase the capital utilization rate of Polkadot’s treasury. The development of Polkadot’s ecology will be Get more support in 2022.
2. Ecological project situation
With the auction of Kusama parachain slots and Polkadot parachain slots held as scheduled, Polkadot ecological projects are more prosperous and stable. Let us review the support and ecological situation of the official Grant in 2021, so as to have a basic understanding of the Polkadot ecological project.
Official Grant's support for ecology
In 2021, 124 projects built by 114 teams received funding from the Web3 Foundation. Compared with last year's 142 projects, the number has decreased.
However, from the 114 teams supported by Grant, we can clearly find that Grant's support for ecological projects is more targeted, mainly focusing on popular tracks and infrastructure tools such as NFT and DeFi.
By the end of 2021, a total of 300 project teams from more than 50 countries and regions have received Grant support. The number of projects supported by Grant has decreased, which does not mean that the official Grant support has weakened.
The construction of today's Polkadot ecosystem is like a skyscraper filled with concrete in steel bars. Only high-quality projects can stand out from the waves.
In addition, although the main content of the official Grant's funding plan is funding and feedback on delivered milestones, if the project encounters any specific problems during the development process, the official will try its best to provide the correct available resources. The official Grant's support for ecological projects is more focused and open, and the support is stronger.
ecological situation
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Comparing the data of two years, we can see that the ecological projects of SubstrateBased and infrastructure projects and DApp tracks have increased significantly, and the proportion of infrastructure projects and DApps in all ecological projects has increased.
The track distribution of Polkadot ecological projects in 2020 and 2021
At the same time, with the official opening of Kusama and Polkadot parachain slot auctions, the Polkadot ecosystem has officially entered the stage of ecological development.
3. Project financing
From an investment perspective, our ecosystem continues to grow rapidly, with an estimated 350 teams (250 more than last year's estimate) gaining favor from investment institutions, communities, and individual investors. And 50 of those teams, apps, and projects have raised more than $670 million in early-stage funding (seed and A rounds).
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According to incomplete statistics, in 2021, there will be 72 global financings that are of great significance to Polkadot's ecological prosperity, of which 48 financings with disclosed amounts raised a total of about 360 million US dollars. And most of these financings occurred intensively in the second half of the year, and many high-quality projects received multiple rounds of financing.
We conducted a simple analysis and comparison of last year's data and this year's data. It is not difficult to find that the overall investment and financing amount in 2021 will show a rising trend month by month. And in May, September, and December ushered in three small peaks. We disassembled the investment and financing events of the month.
It is not difficult to find that there were 16 financings in May, more than one-fifth of the total financing for the year, mainly composed of important tracks such as NFT, DeFi, DAO, and the recently popular Metaverse. As the early stage of the NFT outbreak in May, the sensitivity of the Polkadot ecosystem to the direction of Web3.0 can be seen.
In September, although there were only 6 financings, whether it was Acala, the world's first decentralized open financial alliance, which received US$61 million, or the perpetual option trading platform, which was awarded US$22.8 million to build Polkadot ecology In dTrade, investors and financiers all focus on DeFi without exception.
And this just shows that the Polkadot ecosystem economic system is gradually improving and moving towards prosperity. It is no longer a barren undeveloped land, but an oasis full of spring.
Then in December, 2021, the first year of the metaverse, came to an end. Polkadot drew a more satisfactory one-year investment and financing with the investment and financing events of the three popular tracks of metaverse, infrastructure and DeFi. full stop.
And we have seen more and more power from the community in investment and financing events.
The $36 million financing event from Bit.Country&Metaverse.Network community users gave us a deeper understanding that the infinite charm of Polkadot comes from its high degree of decentralization and community support.
This year, the project financing of Polkadot Ecology not only directly increased the number of financing projects by about 250%, but also raised more and more funds for these projects. More and more scenes, such a thriving scene, there are several main reasons:
1. Expansion of the macro market
As we mentioned before, the expansion of the macro market has provided sufficient funds for the entire Crypto ecosystem, and the popularity of various DeFi, NFT and other applications in Crypto, as well as the outbreak of the public chain ecosystem, have also encouraged capital parties to invest more funds Arrange in advance in the Crypto field.
2. More and more capital is paying attention to Web3
Under the prospect of rapid development of the industry, more emerging concepts are recognized by the public, and Web3 is the direction that best fits the current trend of decentralization. Even in a Crypto hearing held by the U.S. House of Representatives in December last year, Republican Congressman Patrick McHenry once asked "How do we ensure that the Web3 revolution happens in the United States."
As an important infrastructure for the development of Web3, the development of the Polkadot ecosystem has undoubtedly attracted the attention of many capitals.
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3. The Polkadot ecological project is gradually maturing
The Polkadot ecology in 2020 is still in its infancy, but it has already attracted many developers to develop silently. Then in 2021, these research and development projects will gradually mature after time has passed.
This has also attracted the investment and layout of many capital parties, and the vigorous development of other public chain ecology has also provided a reference for capital parties. Those directions that have been verified in other public chain ecology are still in the early stage of development in the Polkadot ecology with potential, so there can be enough expectations.
4. Polkadot slot auction
It is also one of the important reasons why Kusama and Polkadot's parachain slot auctions will proceed smoothly in 2021.
Especially after a pre-rehearsal on Kusama, on the one hand, it has encouraged many ecological projects to be more active and fully prepared for Polkadot’s slot auction in advance; The ecological project team realized that more funds may be needed to develop the main network on Polkadot.
Therefore, this also more or less motivates the project party to raise funds more actively in the second half of the year.
5. Polkadot Ecologically Unique Projects
Although the homogenization of public chains and blockchain applications is serious, some projects in the Polkadot ecosystem have benefited from Polkadot's unique architecture and development potential, and have expanded into new directions. For example, Zenlink and RMRK, the distributed blockchain network applications that have opened up a unique track, Gear Technologies, the Wasm smart contract platform, and so on. And these projects have also received a lot of attention.
In general, 2021 is a year of extraordinary significance both for Polkadot and the entire Crypto industry. Unlike the popularity of DeFi and NFT last year, 2021 is a year in which a hundred flowers bloom in the true sense , the application and the public chain are both blooming, the application has expanded more directions and composability, the public chain has also stepped out of the logic of some dedicated chains, and there are other elements such as multi-chain ecology, Layer2, Metaverse, chain games, etc. Join the Crypto field.
our own summaryhttps://medium.com/polkadot-network/one-article-to-understand-the-past-present-and-future-of-web-3-0-5433962b7c3e
In the past year, our Polkadot Ecological Research Institute has also achieved good development. We published a total of 100 original articles in 2021, including 34 in-depth articles with more than 5,000 words. We are the team that outputs the most Polkadot original content in the industry, and the entire network has received more than 50 million views.
We received financial support from the Polkadot treasury three times in 2021, established Twitter and Telegram groups, and our English article "One Article to Understand The Past, Present, and Future of Web 3.0" has also been officially reprinted and reposted. Article details:
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The new year is the time when Polkadot’s ecology has accumulated a lot. Our Polkadot Ecological Research Institute will continue to provide you with high-quality content and more observations to discover the value of Polkadot and its ecology. I hope you will continue to pay attention to us.
Summarize the past and look forward to the future
1. Polkadot year-end data summary
In last year's year-end summary, our foothold data was only the data after the mainnet went live, but this year with the development of Polkadot, we have more available data to share with you, and this also reflects from the side In view of the growth of Polkadot and its ecology itself, the following is our list of noteworthy year-end data (as of UTC+8 2022.1.6).
Validators: 297 (increased by 8.79% year-on-year)
Candidate validators: 718 (+125% YoY)
Mortgage ratio: 63.8% (down 14.13% YoY)
Number of addresses held: 850,627 (a year-on-year increase of 1239%)
Inflation rate: 7.84% (down 21.6% YoY)
The current number of official Grant projects: 329 (a year-on-year increase of 61.27%)
Number of Kusama parachains: 16
Kusama parachain locked amount: 3,038,800 KSM
Number of Polkadot parallel chains: 6
Polkadot parallel chain locked amount: 116,135,400 DOT
2. New Year's Outlook
As the Polkadot parachain was officially launched at the end of last year, the second round of slot auctions is now in full swing. It seems that Polkadot is moving towards what we expected many years ago, but we have to say that we have waited too long for this stage. Even now, it is still full of unknowns, but when we review the various data of Polkadot this year, as we have shown in the report, everything seems to be performing well, and this is our forecast for 2022. A reason to expect more.
Of course, in a sense, Polkadot’s market performance in 2021 may not be within the expectations of the public, but from the perspective of ecological development, when everything is still in preparation, how can it show real value? The failure to present the value will naturally not be reflected in the price, which is an inseparable fundamental in any field.2022 has kicked off, and Polkadot's new chapter has also opened. What we have to do is to wait for the arrival of the Web3.0 era, and then look at the new impetus that Polkadot and its ecology bring us!
refer to:
The 2020 report is attached:https://mp.weixin.qq.com/s/RjKdt1qUZ8KmXo6EklznSA
2. Gavin's own handwriting: Polkadot's achievements in 2021!https://mp.weixin.qq.com/s/s4qVOpZ0q4OurkuuYwxYzw
*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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