Taiko Network Achieves New Milestones and Plans for Future Innovations
Alvin Lang Nov 04, 2024 14:44
Taiko Network reports significant growth in transactions and TVL, unveils plans for ZK proofs integration, DAO governance, and preconfirmations.
Taiko Network has announced a series of impressive achievements and future plans, marking a significant period of growth and development since its mainnet launch. According to taiko.mirror.xyz, the network has surpassed 250 million transactions, reaching a daily volume of $3.9 million, and achieved a sixfold increase in Total Value Locked (TVL) driven by its native DeFi protocols.
Key Achievements
The Taiko network has distributed 12 million TAIKO tokens during Trailblazers Season 1, with Season 2 currently underway. A major hackathon in collaboration with DoraHacks is also taking place, showcasing the network's commitment to innovation. Additionally, Taiko is developing 'Taiko Gwyneth,' a synchronously composable rollup aimed at enhancing the network's capabilities.
Taiko's technical prowess is further demonstrated by its consistent top-three ranking among rollups, boasting over 50 Transactions Per Second (TPS) and more than 1.7 million unique wallets. The network has also reduced gas costs by 60%, increasing proposer profitability.
DeFi and Gaming Ecosystem
The network's DeFi sector has experienced substantial growth, with TVL multiplying by six following the launch of Panko and TakoTako on the mainnet. These protocols are exclusive to Taiko and contribute significantly to its TVL. The gaming sector is also thriving, with games like 'World of Dypians' and 'Brigade Multiverse' gaining popularity and engaging over 90,000 unique players.
Future Initiatives
Looking ahead, Taiko plans to integrate ZK proofs to enhance security, launch DAO governance to empower its community, and implement transaction preconfirmations for improved user experience. The network is also preparing for the introduction of more assets, expanding its vibrant ecosystem.
Taiko's strategic initiatives include a $30 million grants program supporting 67 grantees, and an ongoing hackathon judged by industry leaders. The network continues to focus on building a robust gaming ecosystem and expanding its DeFi protocols.
As Taiko moves forward, it remains committed to its vision of a decentralized, efficient, and community-driven Layer 2 solution. The network's achievements in the past five months are just the beginning of its ambitious journey.
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