Research Summary
The report covers significant updates in the blockchain and cryptocurrency sector. Key topics include Starknet Foundation’s plan to distribute over 1.8 billion STRK tokens, LayerZero’s token distribution expected in 2024, Taiko’s $30 million grant program, Solana’s record-breaking on-chain DEX trading volume, Worldcoin Foundation’s $5 million community grant program, UniSat Wallet’s app launch, Hashflow’s version 2.0 release, Synthetix founder’s SIP-2043 proposal, a proposed merger between Osmosis and Umee UX Chain, and Jito Labs’ airdrop eligibility and allocation specifications.
Key Takeaways
Starknet’s Token Distribution Plan
- Starknet’s STRK Allocation: Starknet Foundation plans to distribute over 1.8 billion STRK tokens to drive the adoption and development of the Starknet chain. The first batch of allocations will begin with 900 million STRK for fair, decentralized, and transparent distribution across multiple projects and stages. Another 900 million STRK will be used to reward network users, with specific eligibility criteria yet to be disclosed.
LayerZero’s Token Distribution Timeline
- LayerZero’s Token Distribution: LayerZero Labs has announced that the protocol now has a native token. The team plans to carefully manage the distribution of the token and expects to complete this process by the first half of 2024.
Taiko’s Grant Program
- Taiko’s Grant Program: Taiko, a zkRollup-based Layer2 network, has launched its second grant program, Taiko Grants Cycle 2, with a total funding pool of $30 million. The program covers projects at various stages of their lifecycle, including the Community, Partners, and Requests for Proposal (RFP) tracks.
Solana’s Record-Breaking DEX Trading Volume
- Solana’s DEX Trading Volume: On December 7th, the decentralized exchange (DEX) trading volume on the Solana blockchain reached nearly $750 million, setting a significant new record. Top DEXs on Solana, such as Orca and Raydium, also achieved all-time highs.
Worldcoin Foundation’s Community Grant Program
- Worldcoin’s Community Grant Program: The Worldcoin Foundation announced a $5 million community funding program called “Wave0”. The initiative aims to enable developers to focus on building resilient technologies and fairer systems on Worldcoin. The funding will be provided in the form of WLD tokens.
Actionable Insights
- Monitor Starknet’s STRK Distribution: Keep an eye on Starknet’s token distribution plan and its potential impact on the adoption and development of the Starknet chain.
- Track LayerZero’s Token Distribution: Follow LayerZero’s token distribution process and its potential implications for the protocol’s growth and user adoption.
- Assess Taiko’s Grant Program: Evaluate the potential impact of Taiko’s grant program on the development and growth of projects on its network.
- Analyze Solana’s DEX Trading Volume: Analyze the factors contributing to Solana’s record-breaking DEX trading volume and its potential implications for the blockchain’s growth.
- Research Worldcoin’s Community Grant Program: Investigate the potential impact of Worldcoin’s community grant program on the development of technologies and systems on its platform.
