Produced by the Polkadot Ecological Research Institute, it must be a boutique
Polkadots one-week observation is a summary of what happened to Polkadots entire ecology last week, and we will also share some of our observations on these events in the form of vernacular. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
Produced by the Polkadot Ecological Research Institute, it must be a boutique
Polkadots one-week observation is a summary of what happened to Polkadots entire ecology last week, and we will also share some of our observations on these events in the form of vernacular. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
Kusama has completed the auction of 15 parachain slots last week, and so far, the 4 winners who won slots in Lease 16 have all been connected to the Kusama relay chain. Then the fourth batch of slot Auctions also officially started. It can be seen that although the Polkadot parachain is hot on the other side, Kusama is still proceeding in an orderly manner on this side, and with the auctions again and again, the Kusama network is continuing Stable operation.
Polkadot set up Kusama, a canary-like pioneering network, which has attracted many projects in the ecosystem to adopt the pioneering network model to run their own parachains. The most worth mentioning is Moonbeam, with a record number of DOT auctions Won the second slot of the Polkadot parachain. The reason why it can get such a large-scale support starts with Moonbeams leading network, Moonriver.
Moonbeam itself is a parallel chain based on the Substrate framework, and is committed to becoming a bridge connecting Ethereum and Polkadot, which can realize the free conversion of assets on the chain and is fully compatible with EVM and Web3 API compatibility. Therefore, developers can use their familiar tools to migrate existing codes to the Moonbeam ecosystem, and then migrate data to the Polkadot ecosystem after modifying a small amount of code. This modular form reduces the Threshold for developers.
It can be said that Moonbeam combines the advantages of Polkadot and Ethereum, enabling it to quickly attract developers who are familiar with the Ethereum ecosystem, as well as mature projects that have successfully run on Ethereum. After Moonriver won the Kusama slot, it quickly started the construction of the ecology. There is an endless stream of projects that cooperate with it, and two to three cooperations can be seen almost every week. This also makes the applications deployed on Moonriver the Polkadot The most projects in the ecology have formed a rich ecology, such as DeFi, oracles, wallets and other tracks.
One of the resulting impacts is reflected in the fact that its leading network, Moonriver, provides considerable rewards to those who support its Crowdloan. This is why Moonbeam can not only get the most DOT support in Polkadots parachain slot auction, but also has the largest number of supporters.
But when it comes to this, it happens to be the question of many people. Ethereum is good enough, and there is such a big Ethereum ecology, why do we need to build another Ethereum on Polkadot?
Third, the reconstruction of old cities is not as good as the construction of new cities. The starting point of Ethereum’s design is only to be a public chain. The scalability of this starting point is too small, and there are many competitors. There will be many difficulties in the process of upgrading to 2.0. The success of the upgrade is not to surpass these competitors, but only to catch up slightly. Therefore, where the upper limit of its future is, people with a discerning eye can see it.
The following is a detailed introduction of Polkadots ecological news last week, please enjoy.
Polkadot Dynamics
However, Polkadot is not just a public chain at the beginning of its design, but an underlying infrastructure that can link many blockchains, and its architecture has a lot of scalability. Based on the Substrate framework, its functions can also be continuously expanded. The potential for development is limitless. Of course, there are many reasons. Here are just three of them. More importantly, if Moonbeam can make persistent efforts to bring out the potential of Polkadot’s ecology and become one of Polkadot’s benchmarks, then the value of Polkadot will be recognized by more Local people understand, so as to capture more value.
The following is a detailed introduction of Polkadots ecological news last week, please enjoy.
Polkadot Dynamics
[Kusama Network ended the third batch of slot auction Auction in the early morning of November 23, DeFi lending protocol Equilibrium pioneer network Genshiro won Kusamas 15th parachain slot]
At around 5:20 am on November 23, 2021, Kusamas 15th parachain slot auction will end. The DeFi lending protocol Equilibrium pioneer network Genshiro won the 15th parachain slot of Kusama by locking 47,425KSM, and the lease period is Lease17-Lease24. As of the time of publication, the 4 Auctions for Kusama’s third batch of slots have ended, and the 4 winners: Picasso, Bit.Country Pioneer, Quartz, and Genshiro will all be connected to the Kusama relay chain at the beginning of Lease17, and will be used as a parachain out of blocks.
[At 9:00 pm on November 26th, Beijing time, PolkadotHackathon (Polkadot Hackathon) will hold a seminar to discuss the best practices for building Substrate pallets]
The Polkadot Hackathon Global series kicked off in Asia Pacific (APAC) on October 22, bringing the cutting edge of blockchain to the region. In partnership with AngelHack, this eight-week hackathon is an opportunity to build a blockchain or hack to your hearts content. For lovers of words and order, Polkadot officially includes a Docathon, where participants can demonstrate their technical writing talent. On November 26 at 2pm CET, the PolkadotHackathon will host workshops discussing best practices for building Substrate Pallets.
[Kusama second round auction report: A total of 16 teams conducted crowdfunding for the second batch of auctions, and received donations from 37,225 independent accounts (a total of 49,766 accounts in the two batches of auctions), a total of 1,348,589 KSM participated in donations]
Kusama’s second batch of auctions has ended and all parachains have been successfully launched. The winners of this batch are KILT Spiritnet, Calamari Network, Basilisk, Altair, Parallel Heiko, and Kintsugi BTC, in that order. A total of 16 teams crowdfunded for the second batch of auctions and received donations from 37,225 unique accounts (out of a total of 49,766 accounts across both batches), with a total of 1,348,589 KSM participating in donations. 1,251,097 KSM of them have been locked in slots until August 5th, 2022, while the rest can be recycled by users as their chosen crowdfunding projects cannot get slots. Currently, 43% of all issued tokens are locked in staking and 20.4% are locked in crowdsales from Auctions 1-11. Individual accounts participated in an average of 2.2 crowdfunding loans, and the average number of participants in each donation was 36.2KSM.
【Polkadot will end the second parachain slot auction at 20:36 on November 25, 2021. Moonbeam, an Ethereum-compatible smart contract platform, won the second parachain slot auction and successfully connected to the Polkadot network】
At 20:36 on November 25, 2021, the second parachain slot auction on the Polkadot network will end. After about 3 hours of rolling the dice, at 23:36, Moonbeam won Polkadots second parachain slot Auction. As of November 25, two parachains have obtained Polkadot slots, including the completed and ongoing Crowdloan, with a total of 94,837,400 DOT locked, accounting for 8.3% of the total.
[Polkadots third Auction will start at 2:38 am on November 26]
Because the first two batches of Polkadot slots are continuous auctions, the third auction will start at 2:38 am on November 26. Parallel currently collects the most DOTs among all active Crowdloan campaigns, followed by Astar, Clover, Manta, Efinity, and Litentry. Please note that all 5 winners of the first batch of Auction will be unified into the Polkadot relay chain at around 4:00 am on December 18, 2021, domestic time, and start producing blocks as a parachain.
[Ethereum-compatible smart contract platform Moonbeam successfully won the second parachain of Polkadot and increased rewards by 50%]
Moonbeam set a new record, receiving more than 35 million DOT contributions (approximately US$1.4 billion) from 200,000 participants around the world. This is a milestone moment for the Moonbeam community and even the entire Polkadot ecosystem. To thank the community for their support, the Moonbeam Foundation has decided to add 50 million GLMR to the total reward pool. The current total reward reaches 150 million GLMR (accounting for 15% of the initial supply). After Moonbeam successfully obtains the slot, the 30% reward will be distributed immediately after the launch of the Moonbeam network (once EVM compatibility and transfer function are implemented). The remaining 70% of rewards will be released through a mechanism (distributed in a linear block-by-block mechanism over the 96-week lease period of the parachain).
[Polkdots third Auction will start at 2:38 am on November 26th]
The third Polkdot Auction was launched at 2:38 am on November 26th. Among all active Crowdloan activities, Astar has collected the most DOTs, followed by Parallel, Clover, Manta, Efinity and Litentry. All five winners of the first batch of Auction will be unified into the Polkadot relay chain around 4:00 am on December 18, 2021, domestic time, and start producing blocks in the form of a parachain.
[The 4 winners Picasso, Bit.Country Pioneer, Quartz, and Genshiro who won slots in Lease 16 starting at 06:06 on November 28 are all connected to the Kusama relay chain]
Lease 17 of the Kusama network started at block height #10_281_600, that is, at 06:06 on the morning of November 28, and the 4 winners who won slots in Lease 16 were all connected to the Kusama relay chain. As of the afternoon of November 28, 16 parallel links have entered the Kusama network. All previous Crowdloan auctions for Lease 17 - Lease 24 also ended at 06:06 am on November 28. Failed Crowdloans return KSM to contributors.
[At 07:06 on November 28th, Kusamas fourth batch of slot auctions officially started]
At 07:06 on November 28th, Kusamas fourth batch of slot Auction officially started. At present, the Kusama network has opened the 16th slot auction. As before, there will be one Auction per week in Lease 18, with a total of 5 Auctions.
【Five years after the launch of Ethereum, Gavin Wood said in an interview with the online media Unfinished Live that he still firmly believes that blockchain technology has the power to change the world】
After a few years of ethereum, its clear that something is missing, Wood said in an interview on Unfinished Live. Five years after launching Ethereum, Gavin Wood remains a firm believer in the power of blockchain technology to change the world. “Blockchain is one of the very, very few technologies that are decentralizing, and I really can’t name more,” he said in a conversation with reporter Manoush Zomorodi at Unfinished Live. But he admits he didnt get it right the first time. After a few years of Ethereum, its clear whats missing, Gavin said. negative impact on the environment. “We make sure we use a super-efficient way to achieve consensus, we don’t waste real-world resources, we just take up virtual resources.”
[Polca Weekly 丨16 parallel links have entered the Kusama relay chain]
The Polkadot Council voted to pass Motion127, which aims to help fund milestones 2 and 3 of the CryptoLab Staking website.
The Polkadot Council voted to approve Motion 128, which seeks to fund the first phase of the Polkadot Spanish Language Education Center.
Lease 17 of the Kusama network started at block height #10_281_600, which is 06:06 AM on November 28th, which means that the 4 winners who won the slot in Lease 16 were all connected to the Kusama relay chain. At 07:06, Kusamas fourth batch of slot Auction officially started. At present, the Kusama network has opened the 16th slot auction. As before, there will be one Auction per week in Lease 18, with a total of 5 Auctions.
big ecological news
The Kusama Council voted to pass Motion 357, adding Encounter to the Kusama relay chain as a public welfare parachain.
The Kusama Council voted to approve the treasury proposal for The Dot Sama Experience, a virtual museum showcasing the ecology of Polkadot and Kusama.
big ecological news
[On November 25th, PolkaWorld hosted the Gear AMA. We invited Polkadot’s ecological Wasm smart contract project Gear to share why it chose to focus on Wasm contracts, how to build a developer ecosystem, and their parachain auction plan]
On November 25th, PolkaWorld hosted the Gear AMA. We invited Gear, the Polkadot ecological Wasm smart contract project, to share why Gear chose to focus on Wasm contracts, how to build a developer ecosystem, and their parachain auction plan. Gear CEO co-founder Nikolay Volf said that compared with Moonbeam, Gear has significantly reduced transaction costs, is faster, and is more flexible, all of which are due to its WebAssembly VM (virtual machine). Currently, Gear is putting the finishing touches on the stable testnet. Following this, an independent security and economic audit will be run in order to deploy the code on the Kusama network, which is expected to be completed in the first quarter of 2022. Nikolai expressed his hope to participate in the Polkadot Auction around the third quarter of 2022.
[Banksea, a lending center based on NFT pools, will launch Polkadot smart contract platform Moonbeam soon]
Moonbeam announced that it will integrate BankseaFinance, an NFT pool-based lending center. The integration will enable Moonbeam users to access an AI-powered NFT valuation mechanism that provides NFT pool-based lending solutions. The integration of Moonbeam with Banksea marks a milestone in the multi-chain deployment, and the Banksea team will gain access to Moonbeams fast-paced and growing community. The integration will also increase asset liquidity in the Moonbeam ecosystem by enabling AI-driven NFT oracles and NFT pool-based lending solutions. This means that the Moonbeam and Polkadot communities will be able to value their NFT through the Banksea NFT oracle and mortgage the NFT to Banksea as a loan. After the protocol is successfully developed and deployed to Moonbeam, the Banksea team will also receive funding from the Moonbeam Foundation.
[Multi-chain smart revenue engine and liquidity aggregator Reef announced the winners of Polkadots ecological financial center Gitcoin DeFi and cross-chain interoperability hackathon]
Reef sponsored the recent DeFi and cross-chain interoperability hackathon hosted by Gitcoin. They sponsored three prize pool events for Reef and are very happy with the results of this hackathon! Reef emerges as the winner of the prize pool, but also mentions some of the losers as they are of such high quality. This made the selection process very difficult! For the Build IDO dApp powered by EVM Solidity on the Reef chain, there were ultimately 10 applicants and 5 submissions. The winner of this prize pool is SeaWeed, an open source IDO launcher. Brian spent 170 hours writing SeaWeed, and his work was rewarded with $16,000 in REEF equivalent, the first prize. For building an NFT marketplace with EVMSolidity support on the Reef chain, there were 9 applicants for this competition, and 7 submissions in the end! It was difficult to choose, and in the end we selected three separate projects to distribute the prize pool.
【Decentralized data aggregator SubQuery announces that it will hold a Gitcoin hackathon on December 1st】
Polkdots leading data indexer will participate in Gitcoin Grants Round 12. Following the huge success of SubQuery Academys Hero Course, it announced that it will be offering all developers their first chance at a hackathon on December 1st via Gitcoin Grants Round12. The Gitcoin GR12 Hackathon will be held from December 1-16, 2021, with leading blockchain projects contributing to various prize pools. SubQuery has presented 5 prizes with a total prize pool of $15,000. The award will be given to the project team that successfully completes the pre-set criteria and provides the most innovative ideas, and the project team that solves the core SubQuery SDK improvement problem in the field.
[Polkadots underlying cross-chain DEX protocol Zenlinks IYO goal has been achieved. ZLK transfer and listing will be enabled through Bootstrap]
Since Zenlink launched IYO, all community members have been working towards the originally set goals. At the end of the first period of IYO, it was only one step away from completing the goal, and then Zenlink launched a community vote and based on the actual situation. adjusted. On November 23, Zenlink announced that it has officially reached the adjusted goal and will start ZLK transfer and listing through Bootstrap.
[Polkadot Ecological DeFi Basic Protocol Rainbow Bridge Bifrost SALP Announces Support for Polkadot DAO Infrastructure SubDAO Crowdloan]
Bifrost announced support for Polkadots DAO management platform SubDAO Networks Crowdloan campaign. Bifrost is committed to providing Liquidity for locked assets between multiple chains, and building a Liquidity bridge between heterogeneous chains. During this Polkadot Crowdloan event, Bifrost will cooperate with SubDAO to help Crowdloan participants get Liquid DOT experience while SubDAO pledges DOT, creating innovative solutions for users participating in Polkadot Crowdloan, and helping more Polkadot Crowdloan Contributors gain more competitive opportunities under the multi-chain development pattern.
[ZLK LP Farming, the underlying cross-chain DEX protocol of Polkadot, is about to start]
On November 23, Zenlink officially opened the Bootstrap Pools of ZLK/MOVR, ZLK/USDC, ZLK/KSM, and ZLK/BNC on Moonriver and Bifrost respectively. After Bootstrap successfully reaches the target, ZLK transfers and transactions will be officially opened. Of course, ZLK LP Farming will follow. LP Farming will start after the successful completion of Bootstrap. Users participating in LP Farming need to add liquidity to the designated Pool to obtain LP Tokens, and pledge LP Tokens to the Farming Pool . If you are a Bootstrap participant, you will be able to claim your LP Tokens and pledge them directly to the corresponding Farming Pool after Bootstrap is successfully completed to earn ZLK rewards.
[Multi-chain smart revenue engine and liquidity aggregator Reef.js browser extension is now available for Firefox]
Building on the efforts of the Substrate and Polkadot communities, Reef announces that the Reef.js browser extension is now available for Firefox! This browser extension release marks another step forward for Reef towards independence, relying less and less on existing code bases, while working towards Reefs original goal of making DeFi simple, and building a reliable, scalable, efficient and Work hard for the new main mission of a fast dApp platform. Installing the Firefox browser extension only takes a few minutes. Once launched, youll see a familiar interface, a friendly walkthrough for creating your first account, and safety and security reminders.
[Blockchain privacy company Integritee network mainnet launched]
On November 23, the mainnet of the Integritee network was launched. This is a huge milestone as it prepares to deploy its first real-world use case on Integritee. Combined with a token sale and exchange listing scheduled for next week, Integritee is closer than ever to realizing its vision of providing the foundation for privacy-preserving data services.
[The scalable platform Subspace Network integrates with the SaaS platform OnFinality to make Kusama more decentralized]
Subspace Labs (subspace.network) is pleased to announce a new integration with OnFinality (https://onfinality.io/). The integration will leverage OnFinalitys enhanced API service to quickly and securely access blockchain data from the Kusama network and its parachains, enabling Subspace to archive its full history. This integration is part of a broader effort to support the growth of the Polkadot and Kusama ecosystems by providing a permanent, scalable, decentralized storage layer.
[Polkadot data service provider SubQuery deeply mines Polkadot Crowdloan data]
SubQuery mines parachain auction data. Polkadot just achieved a huge milestone, completing its first round of parachain auctions. Over the past few weeks, we have observed a fierce battle between Moonbeam and Acala for the crown of the first parachain slot, Polkadot. After a fierce competition, the winner of the auction was revealed to be Acala. SubQuery, Polkadots leading data indexing service, has been serving millions of requests per day for most crowdlending dashboards, contribution apps, and analytics sites for the past week. Teams like SubVis, Parallel Finance, and DotMarketCap rely on SubQuery to feed real-time data from Crowdloan and other on-chain data directly to their websites and applications.
[Launchpad on Kusama, KSM Starter announced that Integritee will hold its Token Sale on KSM Starter on November 30]
KSM Starter is pleased to announce that Integritee will be hosting its token sale at KSM Starter on November 30th. To celebrate, the team will take a deeper look at what Integritee plans to offer, and why they promise to revolutionize the privacy industry.
[The Polkadot DEX protocol Zenlink team will use 90% of the transaction fees generated in the first cycle of IYO (≈$850,000) to buy back $ZLK from the market and burn it]
On November 25th, the $ZLK community announced that the Zenlink team will use 90% of the transaction fees generated in the first cycle of IYO (≈$850,000) to repurchase $ZLK from the market and burn them. This action will be completed in the next few days, and more details will be synchronized to the community at that time.
[On November 25, the decentralized data aggregator SubQuery chose to issue products on the Polkadot ecological financial center Acala EVM+]
On November 25, SubQuery, the leading data aggregation solution in the Polkadot ecosystem, will be released on the Acala parachain. SubQuery and its SQT asset will also aim to be the first external application and asset to launch with Acala.
【At 11:44 on November 28, the Polkadot Metaverse project Bit.Country Pioneer Network was launched in Kusama】
At 4:44 on November 28, 2021 New Zealand time (that is, at 11:44 on November 28, Beijing time), the CTO informed that Bit.Country Pioneer (ie Bit.Country Metaverse.Network Pioneer side chain) has been launched in Kusama The first block was mined. This momentous moment was recorded by the Pioneer Metaverse Machine with this special block hash below.
According to official news, Huobi, KuCoin and MEXC have announced the listing of KMA, the first Calamari Netowrk token of the Manta Network, and will simultaneously open KMA trading at 18:00 on November 29, Hong Kong time. Calamari Network has completed the distribution of KMA, the token for crowd loan rewards, and will unlock the first batch of tokens at 16:00 on November 28. It is reported that KMA has no private placement and no team quota. It is a completely community-oriented deflationary utility token, which can distribute, repurchase and destroy the fees captured by Calamaris network privacy financial products. At the same time, Manta Network is participating in Polkadots first batch of parachain slot auctions, and more than 3.33 million DOTs have been locked so far. Manta Network will distribute 15.6% of MANTA tokens to Crowdloan participants. Currently, DOT holders can participate in Manta crowdlending through more than a dozen channels such as Manta crowdlending official website, Binance, OKEX, and Huobi.
Ecological cooperation
[Polkadot Parachain Rainbow Bridge Bifrost SALP announced support for the decentralized cross-chain bridging network Darwinia Crowdloan]
In November 2021, Bifrost announced support for Polkadots Web 3.0 cross-chain bridge center Darwinias Crowdloan activity. Bifrost is committed to providing Liquidity for locked assets between multiple chains, and building a Liquidity bridge between heterogeneous chains. During this Polkadot Crowdloan event, Bifrost will cooperate with Darwinia to help Crowdloan participants obtain Liquid DOT experience while staking DOT in Darwinia, create innovative solutions for users participating in Polkadot Crowdloan, and help more Polkadot Crowdloan Contributors gain more competitive opportunities under the multi-chain development pattern.
Ecological cooperation
[Data middleware provider Zeitgeist announced a partnership with Subsquid, a leading query node framework project in the Substrate ecosystem]
Zeitgeist is pleased to announce a major partnership with GraphQL API service provider Subsquid. Our partnership with Subsuqid stemmed from our Beta campaign, through which we realized the importance of faster load times without compromising our focus on accurate data.
[Layer 2 expansion platform Celer announced a strategic partnership with Kava Labs, the first decentralized hub that supports cross-chain DeFi applications and services, to achieve low-cost scalable multi-chain interoperability]
We are pleased to announce that Celer Network and Kava Labs have reached a strategic cooperation and will work on the integration of cBridge and Kava to achieve low-cost scalable multi-chain interoperability. The goal of this collaboration is to enable fast and low-cost cross-chain asset transfers between Kava and various other high-demand chains, including Ethereum, Ethereum’s Layer 2 network, and any other EVM-compatible chain.
On November 23, Celer announced that Celer Network and Kava Labs™ have reached a strategic cooperation and will work on the integration of cBridge and Kava to achieve low-cost scalable multi-chain interoperability. The goal of this collaboration is to enable fast and low-cost cross-chain asset transfers between Kava and various other high-demand chains, including Ethereum, Ethereum’s Layer 2 network, and any other EVM-compatible chain.
Upcoming Events
[Polkadot project team PromoTeam will cooperate with the decentralized social network SubSocial to jointly provide an exclusive environment for Kusama crowdfunding]
Upcoming Events
For details, see:
https://rmrk.devpost.com/
[The hackathon of the NFT ecosystem RMRK is underway, $50,000 and many NFT rewards are waiting for you, the deadline for registration is November 30]
For details, see:
*The information provided by the Polkadot Ecological Research Institute does not represent any investment hints. The published articles only represent personal opinions and are for reference only. Since there are no policies and regulations related to digital assets in China, users in mainland China are requested to pay close attention to the development of Crypto.
PolkaWorld and Meta Live Studio will hold the first Polkadot Meetup in Metaverse Decentraland. At that time, Polkadot ecological projects Acala, Astar, Bifrost, Parallel, Litentry, Zenlink, Zeitgeist, etc. will all participate in this event. More rich prizes are waiting for everyone to claim. Theme: Polkadots first Metaverse Meetup - Parachain Party Time: 20:00-21:30 on December 4, 2021 Event address: You can go in and watch it now, and the theme sharing of rewards and guests will be held on December 2021 It will be held at 20:00 - 21:30 on the evening of April 4th. https://play.decentraland.org/?island=I91y4position=107%2C23realm=dg
In order to prevent losing contact, everyone is welcome to join our telegram group of the Polkadot Ecological Research Institute:
https://t.me/polkadot_eri
