Arweave Weekly Highlights Week 23 | 6 Years of Arweave Mainnet, Acquires Odysee and Solarplex, Launches Data Aggregation Platform Dexi
Author: Kyle
Translator: Kyle
Reviewer: Bananaa
Source: Content Guild Translation
Data from Arweave Network Last Week:
Arweave mainnet has completed a total of 178,364,517 transactions, with 1.57 TiB storage achieved in the past week.
Storage fee for this week stands at 0.748 AR/GiB, block reward at 3,303 AR, and endowment increased by 1,075.38 AR.
PermaDAO Incentive Distribution:
PermaDAO distributed a total of 126.2 $AR (equivalent to 5,352.61 USDC) as contribution incentives last week.
Summary of Weekly News
🔥 Arweave has been live on the mainnet for 6 years.
🔥 Forward Research held the Permaweb 1.0 release event and announced the acquisition of Odysee.
🔥 Forward Research announced the acquisition of the Web3 social media platform Solarplex.
🔥 AO ecosystem data aggregation platform Dexi launched.
🔥 Sam will showcase AI achievements on AO on June 20th.
🔥 Decentralized lending protocol Operation Liquidity launched and will soon release a testnet.
🔥 Permaswap launched a liquidity incentive program for $AR/$USDC.
🔥 everPay started the fourth phase of the Everloot event with a prize pool totaling 80,000 $HALO.
🔥 Glacier Network announced it successfully raised $8 million in funding.
🧵 Glacier Network announced a partnership with Nimble Network.
🧵 Mind Network stated its mainnet is undergoing a security review.
🧵 BazAR has migrated to AO.
🧵 Permaverse underwent a major upgrade.
🧵 RSS3 mainnet beta has launched.
🧵 ao ventures held its 7th and 8th thematic seminars.
🧵 MEM and AO completed bi-directional integration.
🧵 Mind Network announced a partnership with OORT.
🧵 ArConnect wallet completed its second audit.
🧵 everPay's registered users exceeded 45,000.
🧵 KYVE surpassed 50 million transactions.
🧵 WeaveDB surpassed 700,000 on-chain transactions.
🧵 Developer DAO launched the Arweave 101 course.
🧵 Warp released a new Warp SDK plugin, which has been integrated into AO.
🧵 Apus Network announced a strategic partnership with CoralApp.
Network & Project Developments
Arweave has been live on the mainnet for 6 years, with network transaction volume surpassing 6 billion transactions.
The growth rate of Arweave network transactions has increased sevenfold compared to last year.
Mind Network stated its mainnet is undergoing a security review.
Mind Network is the first fully homomorphic encryption re-staking layer for AI and PoS networks. The pre-mainnet phase is designed to assist developers and security researchers in improving our security.
Besides the bug bounty, there are no incentives for testing products during the pre-mainnet phase.
AO ecosystem data aggregation platform Dexi launched.
Developed by Autonomous Finance, Dexi is an application built on the AO network that automatically identifies, collects, and aggregates diverse financial data from various events within the AO network through autonomous agents and response components.
Dexi's terminal is hosted on the Arweave network, featuring full decentralization and permissionlessness. Users can access and browse trading asset pairs and related data through the web terminal and directly perform asset exchange operations on the terminal.
Dexi offers a data subscription service, allowing applications on the AO network to subscribe to data sources for real-time updates of financial data without external oracles, providing developers with new revenue streams.
RSS3 mainnet beta has launched.
ao ventures held Keynote #7 and Keynote #8.
The Keynote #7 invited RedStone founder Jakub Wojciechowski (@kuba_eth).
The Keynote #8 invited Community Labs founder Tate (@TateBerenbaum).
ArConnect wallet completed its second audit.
The second audit of ArConnect’s codebase was conducted by Spearbit and Open Security Inc.
For the full audit report, please see: https://www.arconnect.io/audit-2024.pdf
Sam revealed that AO has achieved some key breakthroughs in AI technology, with details and demonstrations to be unveiled on June 20th.
Running full LLMs (such as Llama 3) in AO smart contracts: This means these AI models can now operate directly within blockchain smart contracts and make financial decisions.
Support for WASM64: This allows the protocol layer to use up to approximately 18 exabytes (EB) of memory, making large-scale data processing more manageable.
WeaveDrive: This technology enables AO processes to access data on Arweave as if it were a local hard drive.
everPay's registered users exceeded 45,000.
KYVE surpassed 50 million transactions.
KYVE sends over 200,000 transactions daily and has been the most active public chain in the Cosmos ecosystem (all data is stored on Arweave).
WeaveDB surpassed 700,000 on-chain transactions.
Warp released a new Warp SDK plugin, which has been integrated into AO.
The new Warp SDK plugin supports executing JavaScript and TypeScript contracts in a secure sandbox, compatible with ES2020 standards and AO platform-specific global variables, and supports asynchronous code execution.
The Warp SDK plugin allows for limiting memory usage and CPU cycles, and will support all asynchronous features of Warp contracts in the future, such as internal reads/writes and key-value storage.
Developer DAO launched the Arweave 101 course.
Permaverse underwent a major upgrade.
Enhanced multiplayer system (including user counting, auto-reconnect for host disconnection, and sharding technology), added more activity areas, improved user interface and dynamic particle effects, and fixed some common bugs.
Improved multi-account detection function to ensure the fairest airdrop in the crypto space and banned over 1,600 users for violating multi-account usage rules.
Permaswap launched a liquidity incentive program for $AR/$USDC.
The event runs from June 6th to June 20th, with participants sharing a prize pool of 100,000 $HALO.
Glacier Network announced it successfully raised $8 million in funding.
Glacier Network is committed to establishing data-centralized blockchain infrastructure to achieve large-scale AI acceleration.
The financing was supported by several institutions, including ForesightX, UOB Venture Management, and Kucoin Ventures.
Glacier Network offers GlacierDB and GlacierAI, which can seamlessly handle datasets on Arweave, Filecoin, and BNB Greenfield, and introduced GlacierDA to meet the execution state needs of GenAI and DePIN.
Forward Research held the Permaweb 1.0 release event and announced the acquisition of the decentralized social media application Odysee.
Odysee, considered a competitor to YouTube, has more users than Farcaster and Bluesky, and this acquisition is expected to bring 7 million users to Arweave.
Permaweb can permanently store user-uploaded content, aiming to make Odysee a social platform free from government censorship and content moderation restrictions.
BazAR has migrated to AO.
AO ecosystem's decentralized lending protocol Operation Liquidity launched and will soon release a testnet.
Operation Liquidity is a decentralized lending protocol based on Arweave and AO, allowing users to use digital assets as collateral without selling them, providing a convenient lending experience.
The platform allows users to deposit assets into token pools and earn competitive interest rates, or borrow against collateral as needed, with interest rates dynamically adjusted based on supply and demand.
The protocol supports multiple currencies to meet diverse financial needs and plans to launch a testnet soon.
everPay started the fourth phase of the Everloot event with a prize pool totaling 80,000 $HALO.
Event time: June 7, 2024, 20:00 - June 17, 2024, 20:00.
Hold AR in everPay to share 80,000 $HALO.
Forward Research announced the acquisition of the Web3 social media platform Solarplex.
Solarplex will become part of the decentralized social ecosystem on Permaweb and will operate as an open-source, non-profit public good.
Project Partnerships & Integrations
Glacier Network announced a partnership with Nimble Network to jointly improve the efficiency and security of GenAI.
Nimble Network is an AI order book protocol for decentralized training and inference.
MEM and AO completed bi-directional integration.
This bi-directional integration ensures data flow and interaction between the two systems.
MEM supports sending data to the AO system and can also read processed data from AO and transmit it back to MEM.
Mind Network announced a partnership with OORT to further enhance the consensus security between AI applications.
OORT provides decentralized cloud services for AI applications, including storage and data preprocessing functions.
Apus Network announced a strategic partnership with CoralApp to jointly create the future of decentralized GPU computing and digital ownership.
CoralApp is the first mobile ecosystem designed for a multi-chain world, aiming to empower web3 with AI inference.
Ecosystem Education
Renowned research institution Messari released a report - "Arweave, AO, and AI - Modular Framework and Flexible Security".
AO is a new network based on Arweave that will increase the demand for Arweave.
AO has a modular architecture, separating consensus mechanisms and computation, allowing developers to scale the security and computational capacity of applications.
AO has created a marketplace for computing providers and applications to ensure fair resource allocation.
AO is VM-agnostic, suitable for deploying compute-intensive applications, especially AI and LLM.
Ready Player Club's interview with outprog - "From AR to AO to AI - Giving the Network Permanent Memory".
outprog transitioned from banking system development to blockchain, founded everFinance and launched everpay, later rebranded as everVision, and created PermaDAO to explore new collaboration methods.
Discovered Arweave, recognizing its decentralized, immutable, and traceable characteristics, making it suitable for developing high-security projects and supporting smart contracts.
Introduced AO, which adopts the Actor Model, suitable for AI computation and decentralized applications. Permaswap will become the financial infrastructure for various applications.
BetterIDEa blog post - "Writing Unit Tests for your AO Processes Using the Test Module".
Developing decentralized applications on Arweave AO involves writing variables and functions to store and modify data, and creating handlers to process incoming messages and call defined functions.
Using Lua to write backend logic on BetterIDEa, and using developer rakis's unit test module to write unit tests to ensure the correctness and stability of the code.
The unit test module is simple and intuitive to use, adding assertions to verify the expected behavior of functions, thereby ensuring the quality and reliability of the application.
