Latest blockchain news: November 2024

In November, the blockchain ecosystem has witnessed a significant shift. It’s not just about the bull run price surge but also the advancements in development and updates that are already transforming the Web3 ecosystem. In this monthly recap, we bring you the most notable news from your favorite blockchains and the accomplishments of Stakely.

This month has been non-stop for Stakely. After our participation in Merge Madrid, we traveled to Thailand to sponsor the Staking Summit 2024. There, alongside Vitalik Buterin, we gained firsthand insights into Ethereum’s future, networked with industry leaders, and strengthened our connection with you—our users who trust our services.

Now, let's dive into the recap of the latest highlights from the blockchains in our ecosystem!

Vitalik proposes ‘The Purge’ for faster, cheaper transactions

Vitalik Buterin has proposed The Purge, an update designed to streamline Ethereum by removing obsolete historical data and reducing storage overhead. This will enhance efficiency, enable faster and cheaper transactions, optimize nodes, and improve scalability, fostering a more sustainable ecosystem.

Astar advances toward Soneium and the superchain with CCIP

As part of Astar Evolution 1.5, Astar Network integrates Chainlink's CCIP, marking a critical step toward Soneium and the superchain. This upgrade enhances interoperability, liquidity, and the development of advanced multi-chain solutions.

Infura boosts Web3 with EigenLayer and its DIN network

Infura has launched its Decentralized Infrastructure Network (DIN) on EigenLayer, connecting over 50 providers across 12 blockchains. This milestone enhances decentralization, reduces costs, and improves reliability in Web3 access.

The Ethereum Foundation launches its Internship Program

For 12 months, selected participants will receive training in key areas such as Ethereum infrastructure, tools, and governance. This program fosters diversity and inclusion, with applications open until December 9. Sign up and unlock your potential in research or engineering!

USDT fuels DeFi growth on Aptos

The launch of USDT on Aptos has rapidly bolstered its DeFi ecosystem, surpassing 33 million transactions and attracting 4 million active users in its first week. The network now boasts over 8 million monthly active users, highlighting its growing adoption.

Aptos gains global institutional momentum

Aptos makes strides in institutional investment with the Swiss launch of APTB by Bitwise, an exchange-traded financial instrument. Prominent funds like BlackRock and Franklin Templeton have integrated Aptos for tokenized projects, driving adoption in the financial sector.

Merkle revolutionizes trading without external wallets

Merkle now operates without the need for external wallets, streamlining access for users and enhancing the platform experience. This innovation simplifies trading, making the platform more accessible and user-friendly.

Winners of the Aptos CodeCollision Global Hackathon announced

The winners of the Aptos CodeCollision Global Hackathon, a virtual blockchain innovation and development event, have been revealed. This year, participants excelled in various categories, showcasing the most groundbreaking projects.

Unstoppable domains for Sonic

Unstoppable Domains is now the official provider for Sonic domains, offering streamlined digital identity solutions. Join the waitlist to secure yours!

Biconomy eliminates gas fees in Web3 transactions

Biconomy has introduced account abstraction in Sonic, enabling gas-free transactions, social logins, and one-click interactions. This innovation empowers developers to create more accessible and seamless Web3 experiences.

Exciting news for Sonic Shard holders

On December 1, Sonic Labs conducted a snapshot for Sonic Shard holders. If you own all six shards, you’re now part of the whitelist to mint a special NFT, which includes points for the S token airdrop!

New automated payments backed by DefiLlama

LlamaPay, developed by DefiLlama, has partnered with Sonic to automate payments, including per-second salary streams and recurring subscription management. This initiative enhances business and institutional operations by making payments more efficient.

Meet the winners of the Emerald Tier awards

The Emerald Tier Awards from the Sonic Boom program have recognized the most outstanding DeFi projects. In the top-tier Emerald category, Vicuna Finance, Margin Zero, and Yearn were celebrated as part of the Sonic Gems incentive system. These innovative projects are taking decentralized finance to new heights!

The future of economy in decentralized machines

Peaq Network takes a giant leap into the future with the launch of its mainnet, integrating over 50 DePINs across mobility, energy, and connectivity sectors. The shift toward a world of interconnected machines is now a reality!

JAM: A blockchain solution for electoral challenges

Developed by Gavin Wood, co-founder of Polkadot, JAM aims to enhance critical services like elections using blockchain technology. Its approach seeks to ensure trust and security in processes where manipulation is a major concern.

Archway hits all-time highs in Q3 2024

In Q3 2024, Archway achieved remarkable milestones, including 416K executed contract calls, 590 unique addresses, and over $89.7M in ARCH TVL, marking a historic peak in its metrics.

Jackal Vault beta revolutionizes cross-chain storage

Jackal Protocol has launched Jackal Vault on Archway, offering secure storage with triple redundancy. Features include global accessibility, disaster resilience, and full control over files, ushering in a new era for cross-chain storage solutions.

Inflationary yield, an economic model driving development

Inflationary Yield is Archway's innovative economic modelthat distributes rewards generated from fees, inflation, and premiums. With 25% allocated to developers for building dApps and 75% to validators and delegators, it aims to balance development incentives with network security.

Quasar wins best DeFi project award

Quasar was honored as the Best DeFi Project at the Babylon Hacker House held in Bangkok this November, recognized for its innovative BTC staking and DeFi solutions. In collaboration with Babylon, Quasar plans to roll out products like qsrBTC and LSSAs on its protocol.

Vaults on the Base network to enhance asset management

Quasar Finance has unveiled a preliminary version of its vault management model on the Base network. This initiative aims to simplify digital asset administration and optimize the user experience in DeFi.

ATOM delegators as liquidity providers

Hydro Protocol arrives on Cosmos, enabling ATOM delegators to earn additional rewards by providing liquidity while securing the network. Key features include using ATOM in regular staking, a cap of 200 ATOM per wallet, and consistent APR, allowing users to accrue rewards during the lock-up period. The first funding round reached its cap in less than 24 hours, with the second round set to start on December 6.

Gaia v21 update: New rewards and enhanced security

Launched in November, Gaia v21 allows consumer chains to send rewards in up to three different tokens via IBC channels without additional configurations. It also improves cross-chain security with the ICS 6.3.0 update, simplifying reward management and tagging for greater clarity and flexibility.

Reduced congestion and gas fees for users

With the approval of proposal #970, Cosmos Hub increased the MaxBlockUtilization parameter from 30 to 75 million gas units, enabling more transactions per block. This change reduces congestion and adjusts fees more efficiently, significantly enhancing the user experience, especially during periods of high demand.

Osmosis Grant Program awards over $68,000 in grants

The Osmosis Grant Program has launched Batch 27, allocating a total of $68,550 to four selected teams. These funds will drive projects such as creating CosmWasm courses, improving algorithms, and enhancing user support, all aimed at strengthening the Osmosis ecosystem and attracting new developers. Additionally, DataLenses will focus on enhancing features and support, while NeutronGrants will work on improving developer onboarding for the Osmosis network.

Polaris confirms it will not launch a token

Sunny Aggarwal, co-founder of Polaris, announced that the platform will not be launching its own token. Instead, its focus will be on facilitating cross-chain token swaps, enhancing liquidity for Bitcoin, and providing an exceptional user experience.

Fetch AI joins Injective with the artificial superintelligence alliance

After receiving governance backing, Fetch AI officially joins Injective with the launch of the Artificial Superintelligence (ASI) Alliance, which will include the future integration of CUDOS, expanding AI capabilities within the network.

VanEck's AUSD on Injective

Backed by VanEck and custodied by Wall Street, AUSD, the first native stablecoin of Injective, aims to enhance liquidity and bridge the gap between the TradFi world and dApps in the DeFi ecosystem.

INJ joins Coinbase's COIN50 index

INJ is now part of Coinbase's COIN50 index, a product providing access to top cryptocurrency assets. Coinbase rigorously selects tokens for this index, further solidifying INJ's position as a reliable investment option.

Exclusive rewards, memes, and airdrops on Sui

• Scallop: Exclusive benefits for those who reserve the SuiPlayer0X1 console.
• Suilend: Expanded SEND token airdrop to communities like Egg NFTs and Citizen NFTs, exploring meme-based options.
• SuiNS: Holders of 183,369 NFTs claimed their airdrop during the NS token's TGE, strengthening digital identity.
• Memefi: Joins Sui with over 50 million Telegram users and announces the launch of the MEMEFI token.

Everyday payments in the real world

Sui is now compatible with the Zebec Silver card, enabling everyday payments with cryptocurrency. This development from Zebec Network aims to transform the adoption of crypto in daily life.

Celestia celebrates its first anniversary with remarkable milestones

In its first anniversary on mainnet, Celestia reached over 20 implemented rollups, a 10x performance improvement in its codebase, and a renewed focus on ZK accounts and larger block generation, solidifying its position as a leader in blockchain interoperability.

Ginger v2 to boost DA performance

The Ginger v2 update, now live on the Mocha testnet, will reduce block creation time to 6 seconds and enhance transaction efficiency. It is expected to go live on mainnet in early December.

Celestia lightnodes on Leap

Leap Wallet becomes the first wallet to allow users to run Celestia light nodes with a single click, improving efficiency without the need to download data.

Interoperable rollups with ZK technology

Abundance introduces the ABC Stack, a solution leveraging Celestia's infrastructure to create Sovereign Rollups that are interoperable and compatible with ZK technologies. These rollups connect multiple blockchains like Ethereum and Solana, allowing for custom bridges without relying on an external settlement layer, making native asset connections more cost-effective.

Don't miss our December recap, where we'll close the year with significant advancements in the ecosystem and exciting updates for Stakely. If you’d like us to include more projects, feel free to let us know. Your feedback matters!