PriyankaAO has introduced ArFleet, an innovative temporary storage solution developed on the Arweave and AO platforms. This service offers a cost-effective option for short-term data storage and content retrieval, effectively complementing Arweave’s permanent storage capabilities, ensuring users have flexible and efficient storage solutions to meet diverse needs.
Stacks, a pioneering Bitcoin Layer 2 solution, has announced its Nakamoto Upgrade, which was activated on August 28, 2024. This upgrade brings substantial enhancements to Bitcoin’s decentralized finance (DeFi) landscape by significantly increasing transaction speeds to approximately five seconds. Additionally, Stacks is poised to launch sBTC, a decentralized asset that is backed 1:1 by Bitcoin, further expanding its DeFi capabilities.
Frax Finance has rolled out the Frax Name Service (FNS), an adaptation of the Ethereum Name Service (ENS) specifically designed for the Frax ecosystem. This service allows users to secure unique .frax usernames while simultaneously burning FXS tokens during the registration process, fostering a more integrated and streamlined user experience within the Frax network.
Spectra Finance has unveiled two new modes for liquidity providers: Balanced and Advanced. Balanced Mode is designed to optimize the allocation of LP and YT tokens for new providers, thereby enhancing the efficiency of liquidity pools. Meanwhile, Advanced Mode offers users the flexibility to adjust YT conversion into LP tokens, allowing for greater control over entry prices and potentially improving investment strategies.
Sony Block Solutions Labs has launched Soneium Minato Testnet through its blockchain initiative, Soneium. This Ethereum Layer-2 solution aims to facilitate Web3 adoption by providing developers with a fast and cost-effective development environment that is fully compatible with Ethereum, thereby supporting innovative blockchain projects.
Matchain has officially launched its mainnet, offering users an expansive decentralized AI blockchain ecosystem. Key tools available include the Matchain Explorer for transaction tracking, a Wallet Setup Guide for seamless network integration, and the BNB Bridge for transferring tokens from the BNB Chain, enhancing user engagement and network utility.
Affine DeFi has introduced ultraETHs on the Linea network. These Layer 2 native symbiotic liquid restaking tokens (LRT) allow users to restake their ETH to mint ultraETHs and earn ultraPoints, which include both symbiotic points and Linea LXP-L points, promoting a more dynamic staking environment.
Thesis has launched Acre’s yield-bearing stBTC token on its Mezo Bitcoin Layer 2 network. This new token provides users with the opportunity to earn returns while maintaining their exposure to Bitcoin, offering a robust option for investors looking to maximize their Bitcoin holdings.
Developed by Kakao and LINE, Kaia has launched its Layer-1 blockchain mainnet. This network features extremely low gas fees and one-second transaction finality. It integrates seamlessly with Kakao and LINE messaging apps to support a wide range of applications including DeFi, gaming, real-world assets, and web3-based solutions.
YieldNest has announced that the migration from primeETH to ynLSDe is now live. Holders of primeETH are encouraged to migrate to access enhanced earning opportunities and benefits such as YieldNest Seeds bonuses, Pioneer NFT rewards, and additional airdrops, incentivizing user participation and engagement.
Sky, previously known as Maker protocol, has launched its new platform Sky.money ahead of its full relaunch on September 18th. The new platform introduces $SKY and $USDS tokens. MKR holders can convert their tokens to $SKY at a 1:24,000 ratio, while DAI holders can convert to $USDS at a 1:1 ratio post-relaunch. Early users who sign up at Sky.money now can earn boosted rewards.
Story Protocol has launched its first public testnet named Iliad for its Intellectual Property (IP) blockchain platform. Builders and creators are invited to participate in the testnet to address real-world challenges and mint IP assets, fostering innovation and collaboration within the IP space.
Legion has introduced a platform focused on early-stage investments that prioritize merit, skill, and passion over wallet size. Users interested in participating in Legion’s upcoming ICO can join the waitlist now.
StratoVM, an EVM-compatible Bitcoin Layer 2 solution, has initiated its Node Whitelist Sale which will be available for the next 48 hours. The platform features community node rewards and has already recorded over 2 million testnet transactions and 150,000 testnet wallets, showcasing significant community engagement.
Sharpe AI has announced that its token $SAI is now listed on Gate, Mexc, and BingX exchanges. This listing broadens access to Sharpe AI’s innovative crypto app powered by artificial intelligence.
EigenLayer has launched permissionless token support on its mainnet, allowing any ERC-20 token to be utilized for restaking. This development expands cryptoeconomic security and enables AVSs to customize security profiles while using native tokens for both rewards and security functions. A user interface for restakers will be added later in Q3.
Bubbly Finance is now live on the mainnet, offering pre-market trading with ultra-low fees of 1.5% and instant profit and loss (PnL) calculations. This platform aims to provide a more accessible trading experience for users.
ALLiN BETS has launched its Testnet Phase 1 on Dymension, limited to the first 200 players. Phase 2 will commence on September 2, 2024, expanding the player cap and inviting more users to participate.
Huma Finance, recognized as the first PayFi network, has launched on the Scroll testnet with plans for a mainnet launch scheduled for this Thursday. This milestone marks a significant step in the evolution of financial technology solutions.
