Taiko's First 90 Days: Milestones and Future Plans
Ted Hisokawa Aug 27, 2024 17:38
Taiko celebrates 90 days since its mainnet launch, highlighting significant achievements and future plans in the Ethereum rollup ecosystem.
Taiko, a pioneering Ethereum-based rollup, has marked its 90-day milestone since the launch of its mainnet, achieving significant advancements in the blockchain space. According to taiko.mirror.xyz, the platform has not only reached remarkable milestones but also reshaped the Ethereum community's perception of rollups.
Explosive Growth in Network Activity
In just three months, Taiko's mainnet engagement has exceeded 110 million transactions, setting a new record in the crypto environment. The network has also seen an impressive rise in daily transactions, hitting 2.2 million, which underscores its robust capacity and growing adoption. Additionally, Taiko has attracted over 1.2 million unique wallet addresses, highlighting strong user interest and engagement.
Profitable Decentralization
Taiko has proven that decentralized, permissionless rollups can be profitable, challenging the current understanding of Ethereum and opening new possibilities for scaling solutions. This milestone is expected to have a lasting impact on how Ethereum and rollups are perceived in the blockchain community.
Ecosystem Growth
Since its mainnet launch, Taiko has successfully onboarded over 100 decentralized applications (dApps) into its ecosystem, driving increased activity and value locked. The DeFi ecosystem on Taiko has shown robust growth, with several decentralized exchanges, lending platforms, and derivatives now available on the network. Notable integrations include DEXs like Oku Trade and iZiswap, lending platforms like Meridian Lending, and cross-chain solutions like Symbiosis and XY Finance.
Technical Advancements
Taiko has made significant technical advancements, including a 30% reduction in the TaikoL1 contract’s gas costs, enhancing proposer profitability. The platform has also reduced the liveness bond and SGX proofs’ validity and contestation bond by 50%, allowing more participants in Taiko’s permissionless transaction sequencing with lower capital costs.
Looking Ahead: The Ontake Fork and Beyond
Taiko is set to introduce several protocol improvements, including the much-anticipated Ontake fork, which aims to enhance the platform's capabilities. The Ontake fork will pilot DAO governance on the testnet, paving the way for community-driven decision-making. Additionally, Taiko plans to introduce Based Booster Rollups (BBRs) to address fragmentation challenges by enabling seamless transactions across various Layer 2 solutions within the booster network.
Ongoing Initiatives
Taiko is driving several initiatives to strengthen its ecosystem, including a grants program, the Trailblazers Program, hackathons, educational content, and user experience improvements. The grants program has seen tremendous growth since its July 2023 launch, with a $30 million commitment supporting 54 projects in its second cycle. The Trailblazers Program and various hackathons aim to boost user adoption and developer engagement.
The past 90 days have been extraordinary for Taiko, but this is just the beginning. As the platform continues to push the boundaries of Ethereum scaling, it invites the community, developers, and partners to join in this exciting journey.
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