Stakely's Monthly News Digest | January 2024 Update

Happy New Year to all our delegators! As per our tradition, we bring you our January monthly summary, featuring all the most relevant updates in the blockchain space and the protocols we validate for. Without further ado, let's delve into the latest news.

Celestia has not only made headlines with its unique modular approach in the blockchain realm but also through valuable partnerships formed, strengthening the position of its native token, TIA. Projects such as Dymension, Eclipse, Dymint, and others have decided to integrate with Celestia, heralding a promising future for this network.

A significant milestone is the integration of GatewayFM with Celestia, leveraging its modular model and data availability to enhance transaction flexibility and scalability. On the other hand, Celo will adopt a modular approach with its CEL2 version, optimizing costs and efficiency in transactions, especially within the Ethereum ecosystem.

Stride introduces TIA liquid staking, allowing users to enjoy unprecedented liquidity, marking a step forward in compatibility and functionality among different blockchain networks.

Cosmos aims to enhance the visibility and utility of its ATOM token through the ATOM Wars initiative, encouraging more active user engagement in the ecosystem.

Furthermore, DYDX positions itself as the largest DEX by volume, highlighting the growing interest and adoption of decentralized finance within Cosmos.

Aptos starts the year strong, emphasizing the v1.9 implementation on mainnet and the integration of innovative protocols like SwapGPT and Batswap, which have generated significant interest and engagement since their launch.

Quasar redefines the concept of yield for milkTIA users, introducing the Dynamic S+ vaults as an ideal solution for those seeking alternatives to the Osmosis pools. The milkTIA/TIA vault stands out, offering flexibility and attractive yields, while the USDC/USDT Dynamic S+ vault already accumulates more than 3 million dollars in TVL, underlining the confidence and interest in the platform.

Moreover, the expansion of the QSR/OSMO Dynamic A+ vault to over 500 thousand dollars highlights Quasar's growing popularity in the vault economy, providing a safe and profitable environment for investors.

Archway celebrates surpassing one million on-chain transactions, a testament to its growing adoption and the efficacy of its infrastructure. Moreover, the listing of its ARCH token on Crypto.com paves the way for future investors and Archway users, increasing its accessibility and visibility in the global market.

Outibid, developed by Astrovault, emerges as an innovative platform that merges gamified microsales with NFTs. A unique and appealing style to fundraise in the crypto environment.

EigenLayer brings news, this time by removing the 200K ETH limit in LST, introducing a 33% limit on restaking points, and welcoming new liquid tokens: sfrxETH, mETH, and LsETH. Deposits will reopen on February 5th!

On the other hand, Ethereum continues its commitment to scalability, efficiency, and security through the Dencun update (Cancun-Deneb), implemented via a series of EIPs.

Stader has set two significant goals for this year: to accumulate 200,000 ETHx in staking and expand its network to 400 node operators. It has also announced Phase 2 of the ETHx tokenomics, supported by the SD token's Utility Pool, offering new participation and benefit opportunities for the community.

Fantom has made it easier to create validator nodes on its network, reducing the requirement to just 50,000 FTM, democratizing the validation process and reinforcing the network's security.

Moreover, projects like Interport and Mummy Finance have achieved notable success, capturing the community's attention and support with impressive trading volumes.

Evmos has launched its mega dApp Store with over 75 dApps available, offering a wide range of decentralized applications covering various needs and preferences. This initiative, led by the community, allows users to suggest and discover their favorite dApps in one place, fostering participation and innovation within the ecosystem. While visiting Evmos's dApp Store, locate our EVMOS faucet, it may come in handy at any time!

Regarding the v16.0 update of Evmos, it has not only allowed the burning of 136M EVMOS but also reduced the token's inflation and established the burning of all transaction fees on the Cosmos network, marking a milestone in its economy management.

Polkadot is gearing up to integrate with cutting-edge technologies that power popular games like Pokémon Go and Call of Duty Mobile, taking the gaming experience to a new level with the incorporation of decentralized elements, demonstrating blockchain's potential in the entertainment industry.

Injective continues its expansion with innovations such as Ninji, its native wallet, and the introduction of real-world asset tokenization, exploring new frontiers in decentralized finance.

With the recent Volan update, Injective not only improves its scalability and interoperability but also draws attention to inflation reduction, directly benefiting its community.

Injective introduces Hydro Protocol, a decentralized exchange opening new avenues for investing in real yield assets and LSD+LSDFi.

Dojo Swap, with a volume exceeding 20 million dollars, establishes itself as an essential automated market maker for liquidity and asset exchange.

On the other hand, Moon App launches as Injective's first mobile platform, combining a Launchpad with advanced trading tools, significantly enhancing the investment experience.

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As you can see, 2024 is shaping up to be a year full of advancements for the blockchain world. January's updates are just a glimpse of the constant evolution and growth potential for 2024. Stay tuned for our upcoming posts!