Arweave Eco Highlights Week 44｜Explosive Growth! Arweave Network Sets New All-Time Highs in September Transaction Volume and Last Week's Total Transactions
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Author: Kyle @ Contributor of PermaDAO
Translator: Kyle @ Contributor of PermaDAO
Reviewer: Bananaa @ Contributor of PermaDAO
Arweave's data from last week: The mainnet completed a total of 41,135,679 transactions, achieving 525.6 GB of storage in a single week.
This week, the storage cost is 0.799 AR/GB, and there has been an increase of 2388 on-chain addresses.
PermaDAO distributed a total of 807.64 $AR as contribution incentives last week.
Weekly News Summary
🔥 Arweave Network Sets Historic Transaction Volume Records in September 2023!
🔥 Last week (Week 44) Achieves Historic Weekly Transaction Volume, totaling 41,135,679 transactions!
🧵 Molecular Execution Machine (MEM) to Provide Token-Gated Encryption Support for ShardDog.
🧵 There are now over 200 gateways providing data to Arweave.
🧵 PermaHacks Hackathon officially began on October 30, 2023.
🧵 Permaswap launches MAP/ETH trading pair.
🧵 RedStone highlights the RedStone Expedition event.
🧵 Arconnect collaborates with ar.io to introduce Wayfinder.
🧵 everPay now supports WalletConnect 2.0 version!
🧵 Adot's extension Adot AI officially available on the Google Chrome Web Store.
🧵 Sarcophagus dApp is now live on Polygon!
🧵 Momoka settles over 1 million transactions on Lens, with a total cost of less than $500.
🧵 RedStone launches Galxe event in collaboration with Starknet.
🧵 Mask Network initiates a bug bounty program on BugRap.
Network & Project Progress
Arweave Network Sets Historic Transaction Volume Records in September 2023!
The total transaction volume for Arweave Network in September 2023 was 123,964,762, showing a 30.7% month-over-month growth.
Anyone can access DataOS to view the transaction volume rankings for ecosystem applications.
Explosive Growth! Last week (Week 44) Achieves Historic Weekly Transaction Volume, totaling 41,135,679 transactions.
The previous second-highest weekly transaction volume was in Week 29 of this year, reaching 33,418,320 transactions.
This new record is a 23% increase from the previous second-highest.
Molecular Execution Machine (MEM) to Provide Token-Gated Encryption Support for ShardDog.
ShardDog is a digital collectibles marketing platform built on NEAR, aimed at helping everyone easily connect and build their fan communities.
With token-gated encryption, only holders of ShardDog NFTs can access ShardDog channel content.
There are now over 200 gateways providing data to Arweave.
With data gateways for Arweave distributed worldwide, access to the Permaweb becomes more stable.
Anyone can access the complete list of gateways at http://gateways.ar-io.dev, and users can run their own nodes using ar.io's open-source software.
PermaHacks Hackathon officially began on October 30, 2023.
PermaHacks is a two-week online hackathon, running from October 30 to November 10, dedicated to exploring the possibilities of the Arweave Permaweb.
The total prize pool is $20,000, and the project submission deadline is November 10, 2023.
Permaswap launches MAP/ETH trading pair.
Permaswap is the first real-time cross-chain DEX in the Arweave ecosystem, built on the everPay payment protocol, offering 0 gas fees, 0% front running slippage, and 100% permanent data storage.
Arconnect collaborates with ar.io to introduce Wayfinder.
Wayfinder's core seamlessly redirects users to the best gateway through a sophisticated sorting algorithm.
Wayfinder's beauty lies in its simplicity and efficiency. It operates on the ar:// protocol, which is the unique web address pattern supported by the ar.io network.
Wayfinder aligns with the vision of the ar.io network, decentralizing gateway access, reducing reliance on a single entity, and enhancing network resilience. It ensures users always connect to the most effective and reliable entry point on the permanent network, guaranteeing uninterrupted access to information.
With the launch of Wayfinder, ArConnect takes a significant step towards a more resilient and user-friendly experience, ensuring seamless and uninterrupted access to the permanent network.
everPay now supports WalletConnect 2.0 version!
WalletConnect is a widely-used protocol for cryptocurrency wallets, enabling users to easily connect to numerous DeFi DApps.
everPay, built on Arweave, continuously introduces new features to optimize user transfers and swaps.
RedStone highlights the RedStone Expedition event.
The RedStone Expedition is an extended event spanning several months, where participants face a series of tasks with the opportunity to earn significant rewards.
RedStone Gems are a vital part of the event, fully stored as activity points on the blockchain, attainable through social or on-chain tasks. Participants can track their RedStone Gems and the latest earnings through a dedicated dashboard.
Additionally, there is the Galxe event, where participants can complete tasks to earn exclusive NFT rewards.
Adot's extension Adot AI officially available on the Google Chrome Web Store.
Adot is a decentralized Web3 search engine, redefining data collection, organization, and delivery.
The first 200 users to install the Adot AI extension can share a $200 prize pool.
Sarcophagus dApp is now live on Polygon!
Sarcophagus is a decentralized dead man's switch application built on Ethereum and Arweave.
Going live on Polygon significantly reduces costs and makes it more accessible and suitable for various use cases.
Momoka has settled over 1 million transactions on Lens, with a total cost of less than $500.
Momoka, introduced by Lens, is a Layer 3 solution based on Optimistic technology, designed for handling off-chain transactions on Polygon, achieving scalability and reducing transaction costs significantly.
Using Irys, Momoka settled 1 million transactions, with a total cost of less than $500, equivalent to less than $0.0005 per transaction.
Mask Network launches a bug bounty program on BugRap.
BugRap is a Web3 bug bounty platform dedicated to discovering, fixing vulnerabilities, and safeguarding project security.
The highest bounty in the bug bounty program reaches up to $50,000, and Mask Network welcomes everyone to discover vulnerabilities and earn rewards.
https://x.com/realMaskNetwork/status/1720780751455592826?s=20
Project Collaborations & Integrations
RedStone launches the Galxe event in collaboration with Starknet.
Starknet is a ZK Rollup Layer2 solution. It provides high throughput, low gas costs, and maintains Ethereum Layer1 security standards.
Users who complete Galxe tasks can earn special NFTs.
https://x.com/redstone_defi/status/1720131183160471730?s=20
Ecosystem Education
Molecular Execution Machine (MEM) video course — "The power of MEM in 2 minutes."
Explained by the core developer pbillingsby, it delves deep into the feature set, contract syntax, and available integrations.
Feel free to register for the MEM test version: http://mem.tech; for more information, check out the guides and examples: http://mem.tech/learn.
Mind Network Education - "How does the Zero Trust Bridge work?"
Mind Network's Zero Trust Bridge operates through three vital components, ensuring ultimate security.
Zero Trust Transactions: Ensures transaction security using a double-key stealth address protocol based on fully homomorphic encryption (FHE-DKSAP).
Zero Trust Data: Protects user data, KYC information, messages, logs, risk profiles, and more.
Zero Trust Assets: Protects assets without disclosing their type or quantity, enhancing smart contract security.
https://x.com/mindnetwork_xyz/status/1719990094923481258?s=20
Molecular Execution Machine (MEM) Extended Feature - "VACP vs ZK & Optimistic."
The Verified Atomic Computation Paradigm (VACP) is a new scalable solution introduced by the Decent Land Labs team, similar to ZK rollups and Optimistic rollups but with unique features.
Single Shared State: The MEM network follows the VACP principle, where each MEM node is an independent entity, and contracts do not share states between different nodes.
Fraud Proof and Delays: MEM transactions are based on facts, ensuring fast processing in terms of delays. MEM transactions provide almost instant delays, while VACP employs delay assessments, disqualifying dishonest nodes to ensure network integrity.
Public Data and Private Data: MEM can encrypt transactions and smart contract source code, making them viewable only by specific individuals, thereby protecting data privacy.
Different Use Case Focus: Rollups mainly serve financial applications, while VACP and MEM are suitable for data-driven applications and use cases.
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