Latest blockchain news: December 2024

In this article, we recap everything that happened in December 2024, wrapping up a year full of changes and technological advancements that are not only shaping the direction of DeFi but also the future of Stakely.

We launched Stakely France 🇫🇷

Stakely has expanded to France, making staking in Europe easier and safer. Now supporting millions of French-speaking users, we’re bringing blockchain closer to everyone with the transparency that defines us.

Sonic node activated (ID 23)

It's time to migrate your FTM to S to continue enjoying the benefits. Simply undelegate from Fantom, migrate your tokens, and delegate them to our Sonic node with ID 23. With no staking locks and a migration time of just 24 hours, the process is quick and hassle-free.

In 2024, our comunidad grew to over 62,000 delegators who entrusted us with a total delegated value of $1,571,521,266 across 33 available blockchains.

Thank you for being a part of this journey as we continue to push the boundaries of blockchain technology!

We strengthened our commitment to you with a $1M staking insurance fund, providing an extra layer of protection. Additionally, we’ve obtained international certifications to ensure compliance with the highest security standards.

We’ve enhanced your staking experience by covering your network fees through our Multicoin Faucet service, optimizing your dApp performance with our Web3 Load Balancer, and launching new products that simplify asset management while we take care of the underlying technology.

In 2024, we transitioned from being merely staking providers to becoming blockchain infrastructure providers for individuals and businesses alike. Staying true to our mission of making staking accessible to everyone, we’ve helped you understand how it works and simplified the process so you can fully enjoy its benefits.

We supported you every step of the way with tutorials, support, and educational content. This is just a summary of everything that happened, including our rebranding and the international events that have strengthened our global presence.

Radiant to launch RAD token on Sui

Radiant Arena will launch its RAD token on the Sui network, enhancing the user experience with faster speeds and scalability through its partnership with Mysten Labs.

Walrus to drive SUI deflation

By eliminating data in the Walrus system, transaction fees will be distributed among validators, with a portion directed to burning SUI. This will reduce its supply and promote a more sustainable and efficient ecosystem.

Native BTC arrives in DeFi on Sui

Native Bitcoin (stBTC) on Sui is generating returns through Navi and Cetus. Its minting, supported by Lorenzo Protocol and Babylon Labs, will boost investment opportunities and strengthen Bitcoin’s presence in the ecosystem.

LSAs: Tools for high passive yields

These tools allow investors to earn consistent income by efficiently managing liquidity across multiple protocols, transforming yield generation in the market.

Maximize your allocations during the QSR migration

Quasar is progressing with its migration to EVM, enabling users to maximize their allocations by depositing ETH into Mellow Protocol for liquid staking ETH, Mellow points, and Symbiotic. You can also increase your points by providing liquidity in the urLRT/ETH pool on Uniswap.

Archway integrates Quicksilver and ICA

This integration, following the approval of governance proposal #55, will enhance interoperability and allow the development of dApps utilizing ICA functionality, benefiting both users and developers.

Impressive minting of The Ghouls

All NFTs from The Ghouls collection were minted on Ambur Marketplace in just 30 minutes. Holders will not only enjoy exclusive art but also receive a share of revenue from the memecoin launchpad platform and game earnings, boosting the value and utility of their assets.

Native BTC in Leap Wallet

This integration allows BTC holders to more efficiently access the Archway ecosystem, simplifying Bitcoin’s use in dApps and expanding interoperability options for users.

Betting on the gaming sector

Skale Labs and Sequence have launched Zoppel, The Legend of Furiax, a mobile shooting game on Skale’s L1. During its alpha test, it promises a commission-free experience and optimized performance for players.

Pudgy Penguins launches PENGU with airdrop

Pudgy Penguins introduces its new token, PENGU, with an airdrop to various communities. This token will be at the center of Abstract, a new Ethereum L2 focused on gaming, memecoins, NFTs, and social apps, offering fast and affordable transactions to enhance the Web3 experience.

PBAx: Shaping the next generation of engineers

Polkadot Blockchain Academy introduces PBAx, an online 4-week program starting in January 2025. The course covers fundamental blockchain concepts and is designed to train the next generation of engineers.

Polkadot promises faster blocks

Polkadot will integrate its key features into a native rollup, allowing for faster blocks and enhanced performance.

More interoperable web3 with light client

A cross-chain Web3 experience is being developed through a light client, powered by smoldot, PAPI, Substrate Connect, and Kheopswap. This will facilitate multi-chain interactions, improving accessibility and transaction speed.

FIFA Rivals: Blockchain mobile game

FIFA Rivals, developed by Mythical Games, is a free-to-play mobile football game using blockchain technology in an arcade format. Players can create and manage clubs, with in-game purchases and NFT functionality, following FIFA’s split from EA.

Goodbye FTM, hello S

The mainnet launch of SONIC marks the end of Fantom and FTM, kicking off with an airdrop of over 200 million S tokens, including Sonic Points for users and Sonic Gems for developers. This transition promises faster blocks and an enhanced experience, with the ability to process 10,000 transactions per second.

Alliance unlocks real-world tokenized assets

The partnership with Backed, Chainlink, and Fortlake Asset Management aims to promote tokenization and expand investment opportunities, making it easier to integrate and manage real-world assets on the blockchain.

Buy Luxury Cars with S

S is now a payment option on CryptoAutos, a global marketplace with over 30,000 vehicles available from more than 600 dealerships.

Solv brings native BTC to Sonic

Bitcoin arrives on Sonic through a collaboration with Solv Protocol, allowing users to access yield and liquidity opportunities, boosting the concept of BTC-Fi. Additionally, users can mint SolvBTC and SolvBTC.BBN, benefiting from an airdrop of approximately 200 million S tokens.

AGDEX revolutionizes derivatives on Aptos

AGDEX arrives on Aptos with a cutting-edge on-chain perpetual derivatives platform, offering up to 100x leverage and an AGPoints incentive program where traders can redeem rewards for active participation.

Boosting blockchain education in Singapore

The Aptos Foundation has donated $1 million to Singapore Management University to establish the first Blockchain Chair, led by Professor Zhu Feida. The initiative includes the Aptos Move-BIG Startup Award with an annual $50,000 prize and a fund for student activities.

8.4 million active users

Aptos has achieved remarkable milestones just two years after launching its mainnet:

• 8.4 million active users
• 1.7 billion transactions processed (326 million in a single day)
• 27.7 billion active addresses

Aptos shines in Electric Capital report

Aptos ranks as the second fastest-growing Web3 ecosystem in the 6th Annual Developer Report by Electric Capital, standing out as one of the best ecosystems for new developers. This reflects its success in attracting talent and driving innovation.

Celestia Wave 1 launches on Drop

The Celestia Wave 1 validator set has arrived on Drop to unlock liquidity and decentralize staking on the network. Stakely is proud to be one of the selected validators! You can now delegate on its mainnet using our referral code: STAKELY1.

Blocks in 6 seconds with Ginger

The Ginger update is improving block generation to 6 seconds, with a performance of 1.33 MB per second and 8 MB blocks on its Arabica testnet. This boosts the capacity to process more transactions and permissionless applications.

Mammothon arrives with $250,000 in prizes

Celestia launches its first Mammothon, a hackathon with $250,000 in prizes, running from February 1 to 28. The event focuses on creating apps and designing on-chain worlds, supported by projects like Eclipse, Encode, and Astria. It also offers mentorship to bring projects to the mainnet, leveraging Celestia’s mammoth blocks.

Skip drives growth for Cosmos Hub

Skip will lead Cosmos Hub with plans to increase liquidity by 100x, starting with a 10x increase in 2025. Updates to the Cosmos SDK, IBC Eureka, and support for virtual machines aim to strengthen its role as an asset bridge and facilitate access for users and projects.

Map of Zone surpasses 100 chains

Map of Zone reveals the activity of over 100 chains via the IBC Protocol, providing detailed tracking of interchain operations. It offers key metrics such as transaction volume and IBC transfers at 24-hour, 7-day, and 30-day intervals.

Nomic passes security audit

Nomic has successfully completed a security audit conducted by the firm Trail of Bits. The audit validated the security of funds and resilience against DoS attacks, strengthening Nomic's position as a reliable solution to connect Bitcoin with the IBC Protocol.

Namada activates staking and governance on mainnet

Namada has completed the first phase of its mainnet launch, activating staking and governance. With plans to reach phase 5 in 2025, Namada is making solid progress toward its consolidation.

Solana is the developers’ ecosystem of choice

The Electric Capital report ranks Solana as the top ecosystem for new developers, with 7,625 registered. It also ranks second globally in developer numbers and in key countries such as the U.S., the U.K., Canada, and China.

Solana AI Hackathon: Over $260,000 in prizes

Solana is hosting the AI Hackathon with over $260,000 in prizes, fostering the creation of artificial intelligence agents in six categories: autonomous chat, memes, social and influencers, infrastructure, tokens and DeFi, and trading.

ProtoRev: Osmosis optimizes liquidity and profitability

Osmosis has integrated ProtoRev, an arbitration system developed by Skip Protocol, which:

• Maximizes the efficiency of the community pool by acquiring more Bitcoin, optimizing daily earnings by recovering profits previously captured by external agents.
• Burns 2.2 million OSMO.
• Accumulates daily OSMO, USDC, and ATOM.

Osmosis reduces fees on BTC/USDC and ETH/USDC

The protocol reduces fees to 0.02% on the BTC/USDC and ETH/USDC pairs as a test to analyze its effect on transaction volume and the response of assets to price changes.

The revolution of AI Agents

Injective launches iAgent, an innovative SDK that:

• Automates trading, allowing the creation of on-chain AI agents to manage assets and execute trading strategies autonomously.
• Optimizes DeFi strategies by using OpenAI models to analyze data and improve strategies within the DeFi ecosystem.
• Facilitates natural interaction with the blockchain using simple commands in natural language.
• Enables participation in automated INJ burn auctions using straightforward AI commands.

TruFin launches TruStake for institutional investors

TruFin introduces TruStake, a liquid staking solution for institutional investors. It allows staking of assets while maintaining liquidity with the TruINJ token, optimizing capital and offering yield opportunities within the DeFi ecosystem, aligning with institutional market needs.

This concludes our monthly summary, wishing you a happy year-end. In 2025, we will continue working with enthusiasm on new proposals and services to make staking even more decentralized and intuitive for our entire community.

Thank you for joining us on this journey and for continuing to trust in us!