Arweave/AO Weekly Highlights Week 46 | PermaHacks Winners Announced, Permaswap Launches $qAR/$wAR, Community Labs Invests in Basejump
Author: Kyle
Translator: Kyle
Reviewer: Marshal Orange
Source: Content Guild Translation
Originally published at: PermaDAO
Arweave Network Data:
In the past week, the Arweave mainnet completed 223,004,552 transactions, reaching a storage volume of 1.96 TiB.
Storage fee for this week stands at 0.748 $AR/GB, block reward at 2,586 $AR, and endowment increased by 1,282 $AR.
AO Network Data (as of November 17, 2024):
The testnet has sent a total of 857 million messages; 2,473,771 $AO tokens have been minted.
Bridged assets include 145,132 $stETH and 118,158,159 $DAI, with a total value of $564 million.
PermaDAO Incentive Distribution:
PermaDAO distributed a total of 144.64 $AR (equivalent to 2,402 USDC) and 8,417 $BP as contribution incentives last week.
Weekly News Summary
🔥 Weavers unveiled all the winning projects from PermaHacks.
🔥 Permaswap launches the $qAR/$wAR trading pair.
🔥 Community Labs announced its investment in Basejump.
🔥 Protocol.Land launched the Builder Program to incentivize developers.
🔥 WeaveVM revealed its integration with SVM.
🔥 Autonomous Finance initiated the $AGENT airdrop campaign.
🧵 AOX launched a new homepage.
🧵 The total number of ArConnect wallet addresses surpassed 250,000.
🧵 Sam and other core members of the Arweave ecosystem participated in an X Space.
🧵 DecentraMind published its second bounty task with USDC rewards.
🧵 Arweave Philippines community partnered with Makerspace Innovhub to co-host an online webinar.
🧵 ArDrive launched the Turbo Credit sharing feature.
🧵 Botega introduced the $PIXL/$wAR liquidity pool.
🧵 Quantum launched its upgrade ahead of schedule, enhancing cross-chain performance.
🧵 Bazar requires wallet verification via the Vouch protocol for transactions.
🧵 DumDumz released its future roadmap.
🧵 Apus Network announced a collaboration with ObtimusAI.
🧵 Arweave India community is preparing for its second Demo Day.
🧵 WeaveDB Nigeria community participated in the first BIU 2024 conference organized by Web3UNILAG.
Network & Project Updates
Weavers Unveils All PermaHacks Winners.
PermaHacks, an online hackathon hosted by Weavers, featured seven bounty challenges sponsored by AO and multiple ecosystem projects, with a total prize pool of $22,500.
Winning projects include Everlink, Qpay, Qbit-pay, Secretorium, Iris, WeaveMint, Better IDEa Copilot and Composer, and Junction.
Community Labs Invests in Basejump, Ushering in a New Era of Gaming.
Basejump introduced ACTION, an AI-driven gaming platform built on AO and Arweave, enabling cross-chain character and asset interoperability.
The platform is scheduled to launch in early 2025, featuring social combat modes and real-time game creation tools, fostering gaming innovation and new business models.
Permaswap Launches $qAR/$wAR Trading Pair.
$wAR and $qAR are wrapped $AR tokens based on different AO network standards.
Autonomous Finance Launches $AGENT Airdrop Campaign.
Users can earn $AGENT tokens by completing simple tasks, with trading supported on the Botega exchange.
ArDrive Introduces Turbo Credit Sharing.
Turbo Credit holders can authorize others to use a portion of their credits for uploading data to Arweave without transferring control.
The feature is integrated into the Turbo SDK and CLI, enabling developers and users to explore diverse use cases.
WeaveVM Integrates SVM.
The weave-svm toolkit now supports SVM computation and WeaveVM data settlement, facilitating L2 deployments for permanent storage solutions.
It offers low-cost (~$0.03/MB) data storage directly on Arweave and supports rapid deployment of Solana dApps.
Botega Launches $PIXL/$wAR Liquidity Pool.
Beyond standard DEX functionality, Botega offers advanced trading features powered by AO's autonomous agent system.
ArConnect Wallet Addresses Surpass 250,000.
This milestone reflects the continued growth of the Arweave and AO ecosystems, with an expanding user base.
Protocol.Land Launches Builder Program.
The 4-week program offers prizes in three categories—DeFi, consumer apps, and data tools—with $2,500 for each category.
Developers are encouraged to build projects on Protocol.Land and launch tokens, promoting the growth of Arweave and AO.
Registration link: https://lu.ma/a5xphvv7.
Quantum Launches Upgrade Early to Enhance Cross-Chain Performance.
The MPC v2 upgrade improves bridge functionality and security. Withdrawals are paused during the upgrade, while deposits remain operational.
DumDumz Releases Future Roadmap.
DumDumz is developing a new website with more exciting plans to be revealed soon.
AOX Launches New Official Website.
AOX has optimized its homepage design, offering a streamlined asset bridging experience for easy access to the AO network.
Arweave Core Members Discuss PermaWeb’s Future on X Space.
Key figures, including Sam Williams, Tate Berenbaum, James Piechota, and Drew Pierson, gathered to discuss the latest Arweave 2.8 update and its impact on the ecosystem.
Bazar Requires Wallet Verification via Vouch Protocol.
All Bazar users must verify their wallets with at least 5 Vouch points to trade.
Failure to verify wallets not only restricts trading but also affects continuous $PIXL rewards.
DecentraMind Launches Second Bounty Task with USDC Rewards.
Participants can win rewards by completing tasks such as commenting, retweeting, liking, and inviting friends. Only the top 20 participants will earn rewards based on points.
Arweave India Community to Host Second Demo Day.
After three months of incubation, the second Demo Day is set to launch on November 20.
WeaveDB Nigeria Community Joins BIU 2024 Conference.
Hosted by Web3UNILAG, a registered Web3 club at the University of Lagos, BIU 2024 featured WeaveDB as a partner, contributing to panel discussions, keynote speeches, and project pitch contests.
Partnerships & Integrations
Apus Network Announces Partnership with ObtimusAI.
Arweave Philippines Collaborates with Makerspace Innovhub for Webinar.
Makerspace Innovhub, a leading innovation hub in the Philippines, focuses on tech talent development, cybersecurity training, and startup support.
The webinar, themed "Build on the PermaWeb," featured Tzar Umang and Theo Roque discussing building on the PermaWeb.
Ecosystem Education
LiquidOps Tweet: “What is an oToken”.
oTokens are tokenized representations of deposits in lending protocols, earning interest and usable as collateral.
oToken‘s value grows over time; for example, depositing 100 DAI yields oDAI that appreciates as interest accrues.
Testnet will support oTokens for DAI, stETH, and qAR.
Only Arweave Tweet: “25 Ideas Worth Building on AO and Arweave”.
Developers can explore areas like virtual worlds, smart agents, and asset management for inspiration.
Ideas include low-code world design tools, DeFi smart agents, and geolocation atomic asset tools.
Outprog Tweet: “The High Bar of AO Development: How Docker and Staking Enable Flexible Architectures”.
AO development requires flexible system architecture akin to Web2 microservices, coordinating multiple processes for scalable applications.
Low-trust scenarios: Docker replaces staking with computation isolation for cost efficiency, suitable for collaborative tasks.
Moderate-trust scenarios: Combine Docker and minimal staking, assigning small assets to each Docker container for balanced performance and security.
High-trust scenarios: Combine staking with Docker for robust security and performance, dynamically adjusting task importance and trust levels.
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