The Bitcoin and altcoin space is celebrating various new developments. In this article, we will cover cryptocurrency partnerships and new product launches, especially those between Celestia (TIA) and Polygon (MATIC). Network developments will also be included in this article. Here are the details…
Latest developments for TIA, MATIC and various altcoins
TIA and MATIC formed a partnership
In a groundbreaking move in the blockchain space, Celestia, a major player in data availability solutions, announced its collaboration with Polygon’s Chain Development Kit (CDK). This partnership will lead to a significant transformation by revolutionizing the launch of high-throughput layer 2 chains on Ethereum by integrating Celestia’s data availability layer with Polygon CDK’s zero-knowledge interoperability and unified liquidity. Drawing parallels with the high-speed revolution in Web2 applications, Polygon founder Nailwal emphasized that the integration will facilitate the launch of highly efficient ZK-powered Ethereum Layer 2 and potentially increase Blockchain adoption.
Celestia’s data availability layer has already shown its impact by reducing Ethereum L2 transaction fees for end users by over 100x. The scalability of this layer is further enhanced through the innovative data availability sampling (DAS) mechanism, which is open to contributions from any user running a Celestia light node on a Polygon CDK chain. Polygon CDK’s user-friendly interface has enabled developers to successfully deploy ZK Layer 2s on Ethereum. Major projects such as OKX, Astar, Canto, Gnosis Pay, Palm and IDEX have already adopted Polygon CDK, demonstrating its growing influence in the Blockchain ecosystem.
SSV has achieved important developments for Ethereum staking
In a pivotal development for the Ethereum staking infrastructure, the SSV Network has reached a major milestone by launching its permissionless mainnet. Using distributed verification technology (DVT), SSV Network stands out as the first project to deploy its permissionless mainnet using DVT, providing a secure environment for distributed execution of verification activities.
Fusionist made a new announcement
On December 13, Fusionist made a splash in the crypto space with the official launch of its airdrop mechanism, Nexus Bond. This initiative, which targets qualified asset owners, promises a total prize pool of 4,998,000 ACE with a 27-month claim period. The mechanism’s unique structure and qualification criteria cover a variety of assets, including NFTs, BOAT, and domains, providing an innovative approach to incentivizing and rewarding the community.
Axelar and Vertex formed a partnership
On December 13, cross-chain infrastructure protocol Axelar announced its commitment to provide significant cross-chain interoperability technical support for decentralized exchange (DEX) protocol Vertex. Building on Axelar’s track record in supporting major protocols such as dYdX, Uniswap, and Pancakeswap, its collaboration with Vertex solidifies its dominance in the cross-chain DEX space, surpassing 50% market share.
New update expectation in Worldcoin
On December 13, Worldcoin sparked curiosity in the crypto community by officially posting “See you tomorrow” on social platforms accompanied by a preview video. The intriguing teaser, featuring the date “13.12,” suggests that relevant updates or announcements may be on the horizon, creating anticipation and speculation among followers and enthusiasts.
Conic Finance announced its new plans
On December 13, Curve ecological liquidity platform Conic Finance caught the attention of the crypto community by announcing plans to distribute the upgraded version (v2) on Tuesday. Proposing a governance framework, the protocol invites users to participate in the voting process, influencing important decisions such as the list of supported Omnipool assets, whitelisted Curve pools, and initial liquidity allocation weights.
Swarm introduces open doTC
On December 13, regulated DeFi platform Swarm introduced permissionless RWA (Real World Assets) trading platform “Open dOTC” in compliance with EU MiCA regulations. Built on Ethereum and leveraging decentralized over-the-counter (dOTC) smart contracts, the platform has already launched tokenized US Treasury Bill ETF trading and plans to expand its offerings to include tokenized public stocks like Apple and Tesla in the future.
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