NEWSLETTER Edition #157

Introducing: Chain Abstracted Podcast
The inaugural episode of "Chain Abstracted" by NEAR Protocol is here, featuring Illia Polosukhin and Altan Tutar. In the first episode, they delve into the concept of Chain Abstraction and discuss the future of web3, among other topics. WATCH

Be sure to claim the first Chain Abstracted NFT via Sharddog, which may offer future opportunities!

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NEAR Achieves 8 Million Daily Transactions with Low Average Transaction Fee
NEAR Protocol has achieved a milestone of processing 8 million transactions per day, with an average transaction fee of just 0.000412 NEAR. This achievement highlights NEAR’s scalability and cost-effectiveness, making it an appealing choice for users seeking high throughput and affordability in their transactions. READ

Burrow Launches Frax Borrowing with 80% Collateral Factor
Frax has made its debut in the NEAR ecosystem via Burrow, featuring a supply of 2.58 million on Ref Finance and 2.79 million on Burrow. Offering stability through a fully collateralized mechanism, Frax enhances NEAR's DeFi capabilities by introducing new borrowing and collateral options. Keep an eye on Frax's ongoing development within the NEAR ecosystem! READ

New Whiteboard Series with NEAR ft. Aptos Labs
Explore the latest Whiteboard Series episode featuring Illia Polosukhinl and Aptos Labs' Avery Ching and Sasha Spiegelman. The episode covers the architecture of Aptos, including consensus mechanisms and parallel execution strategies, focusing on enhancing concurrency and reducing conflicts in blockchain operations. WATCH

HOT Protocol Launches Betanet: A Decentralized MPC Network on NEAR Protocol
HOT Protocol has unveiled its Betanet, a decentralized MPC network built on NEAR Protocol. The platform enables users to create self-custodial wallets that are compatible with major blockchain networks, including Bitcoin, Base, Ethereum, and Solana. In addition to its compatibility features, HOT Protocol plans to further enhance its utility by covering multi-chain gas fees in the near future. READ

NEAR Protocol Co-Founder Alex Skidanov Advocates for Transparency in Open-Source AI Development
Alex Skidanov, co-founder of NEAR Protocol, recently emphasized the importance of transparency, ethical practices, and collaboration in the development of open-source AI technologies. READ

Alpha Alert: Exciting Updates and Opportunities Await!
Check out the latest alpha thread with exciting news and updates from a wide range of projects such as Burrow, Frax Finance, Edge Video AI, Trisolaris, Meta Pool, Sweat Economy and many others! Don’t fade the NEAR ecosystem! READ

NEAR Protocol Witnesses Remarkable Surge with 18% Transaction Growth and 1.3 Million New Users in a Week
The protocol had a dynamic week, experiencing a substantial surge with 59.3 million new transactions, marking an 18% growth rate. Additionally, 1.3 million new users joined the platform, contributing to a total fee generation of $181.8k. READ

Aurora Launches Seamless Bridge Abstraction: Effortlessly Withdraw from CEXs to Aurora and Virtual Blockchains
A new Bridge Abstraction solution has emerged from Aurora, allowing users to seamlessly withdraw from centralized exchanges (CEXs) to platforms like Aurora and other virtual blockchains. READ

Winners of the ETH DAM Hackathon Announced
NEAR Dev Hub has revealed the winners of the NEAR bounties at the ETH DAM Hackathon, emphasizing a notable increase in interest in Chain Abstraction from the hackers. Discover all the innovative winning entries in the official winners thread! READ

Join the 10th NEAR ZK Work Group Call
Tune in for the latest updates from the Zero Knowledge Work Group Call this Wednesday with NEAR Dev Hub. READ

NEAR Dev NEWS #8: Weekly Updates from ETH Dam Hackathon
In this latest edition of NEAR Dev NEWS #8, DevHub offers a roundup of weekly highlights and updates from the ETH Dam Hackathon. Dive into the excitement and explore firsthand insights directly from the hackers. READ

8th Documentation Community Meeting: Recap and Recording Available
The NEAR documentation community recently held its 8th meeting powered by dev/hub, where members eagerly discussed highly anticipated updates and developments. Check out the comprehensive summary and access the full meeting recording! READ

NEAR Protocol Work Group Gears Up for Crucial Votes on NEP-536 and NEP-540
Mark your calendars for the upcoming 9th NEAR Protocol Work Group call on Friday, April 26th, 2024. Significant decisions are expected as the group plans to vote on NEP-536 and NEP-540 during this critical session. READ

Introducing the HEROES Github Bot
This tool allows users to quickly create a HEROES bounty directly from a GitHub issue in just a few steps, offering a solution for those struggling to find help with their GitHub problems. READ

Please note: Releases and merged pull requests live in this CHANGELOG

USEFUL NEAR DEVELOPER RESOURCES

• NEAR DEVS TG GROUP. LINK
  
• NEAR PROTOCOL DOCS. LINK
  
• NEAR PROTOCOL GITHUB. LINK
  
• DATA AVAILABILITY ON NEAR. LINK
  
• CHAIN SIGNATURES ON NEAR. LINK
  
• JUTSU: FULL STACK AI WEB3 COPILOT. LINK
  
• WEEKLY PROTOCOL & DEV PROGRESS. LINK

NEAR Surpasses $149.6 Million On-Chain Trading
In just 30 days, NEAR Protocol has seen a significant surge in on-chain trading, nearing $150 million USD. With 265,000 traders and 1.5 million swaps, predominantly in $NEAR and stablecoins, the platform remains highly accessible with 62% of transactions under $10. This activity underscores NEAR Protocol's growing influence in the DeFi sector. READ

Burrow Update: Total Supply Hits $213.50M / $33.47M Borrowed
Burrow's latest update reports a total supply of $213.50 million and $33.47 million borrowed, resulting in $180.03 million in available liquidity. For more details on DAI's activity and other insights, head over to app.burrow.finance. READ

NEKO Token Successfully Concludes Kickstarter, now live on MEXC
The NEKO Token has launched on MEXC Global, with NEKO/USDT trading pairs going live last week. This marks a significant milestone in NEKO's journey towards broader adoption and increased accessibility to the NEAR ecosystem. READ

REF Finance Announces Q1 2024 Buyback: 237,476 $REF Tokens Repurchased
REF Finance has completed its Q1 2024 buyback, successfully repurchasing a total of 237,476 $REF tokens. For more information, visit app.ref.finance. READ

New Trisolaris Farms Launched to Support NEAR Native Stablecoins with support from Aurora
Trisolaris, in collaboration with Aurora, has launched new farms to support NEAR native stablecoins. These initiatives offer attractive incentives, including double rewards in $TRI and $AURORA. Participants can also join Aurora's Zealy campaign for additional rewards. READ

Burrow Integrates Pyth Network Oracle for Autonomous On-Chain Price Updates
Burrow has successfully integrated the Pyth Network Oracle. This integration enables autonomous on-chain price updates for multiple assets, allowing transactions to occur without permission. Users can now access real-time, accurate price data directly on-chain, significantly enhancing both the platform's efficiency and the user experience. For more details on this update, visit app.burrow.finance. READ

Mintbase Wallet reaches 15,000 Accounts Created on Web3's Easiest Non-Custodial Wallet
Mintbase Wallet has reached a significant milestone with 15,000 accounts, marking its presence as a user-friendly non-custodial wallet within the Web3 ecosystem. READ

Meta Pool joins Stakecito for an In-depth Discussion
Recently, Meta Pool's Claudio Cossio and Lucia Tato engaged in a comprehensive discussion with Stakecito to delve into all things Meta Pool, $mpDAO, and the process of building on NEAR, among other fire topics. READ

THE ECOSYSTEM CALENDAR

NEAR ALPHA SHOW #2 Recap: Projects Unveil Exciting Developments
The NEAR ALPHA SHOW continued its weekly tradition, featuring projects from the NEAR ecosystem sharing updates and upcoming plans. Buckle up for the next one this Wednesday at 5pm UTC! READ

DoubleDog NFT Collection on MITTE Sees Trading Volume Soar to 42,267 $NEAR
The DoubleDog NFT collection on MITTE has seen a significant surge in trading activity, with the volume reaching 42,267 $NEAR since its launch. This growth highlights the increasing interest in digital assets and the NFT space on NEAR. READ

Edge Video AI IEO at Kanga Update
The Edge Video AI IEO goes live this Friday on the 26th of April at Kanga. Check out all details such as time, pricing, allocation etc and get ready for interactive streaming to earn $FAST tokens! READ

METEOR and EASTBlue.io Join Forces for EAST Alliance Campaign and Airdrop
METEOR has announced a partnership with EASTBlue.io, as part of the EAST Alliance Campaign. The collaboration extends to include METEOR's community in the upcoming $EAST airdrop. READ

NameSky Celebrates One-Year Mainnet Anniversary with SKY Token Launch
NameSky marks its first mainnet anniversary by launching the SKY Token, dedicating 50% of the tokens to community rewards to acknowledge their crucial support. READ

Developers Wanted: Unlock NFT Collection Potential with Staking Template Bounty
An opportunity awaits developers to tap into the potential of NFT collections through the Staking Template Bounty. By creating a user-friendly staking feature for existing NFTs, developers stand to earn up to $3,000. To learn more and participate, visit templates.mintbase.xyz/bounty. READ

Octopus Network Rebrands as Omnity Network to Focus on Bitcoin Ecosystem
Octopus Network has rebranded to Omnity Network, marking a strategic pivot towards the Bitcoin ecosystem. The move consolidates its operations under a new brand and emphasizes its commitment to aligning with Bitcoin's growing prominence. READ

NEAR Foundation Welcomes New Head of Content
The NEAR Foundation has announced Jared Thompson as their new Head of Content. With extensive experience in content creation for Fortune 100 companies, tech firms, and Sharddog, Jared brings a deep knowledge of the web3 space and a strong understanding of the NEAR's stack and community. Welcome aboard! READ

MITTE Marketplace Stats Showcase Vibrant Activity on NEAR Protocol
Activity on the MITTE marketplace, powered by NEAR, is growing. Totaling 77.5k $NEAR with an average price of 2.4 $NEAR, it boasts 2.5k buyers, including 838 new ones in the past week, and 32.4k sales, with 5.5k in the last 7 days. Top performers: DoubleDog, NEARVIDIA, and Harvest Moon by Meteor. READ

NEAR Protocol Harnesses Chain Abstraction and Signatures - Dive in with NEAR Balkans
The power of Chain Abstraction and Chain Signatures are real, and will change the user experience for web3 users forever. Dive into what Chain Abstraction means for crypto users with the latest educational blogpost from NEAR Balkans! READ

Dive into the Open Web! IN OTHER NEWS proudly collates an assortment of hand-picked headlines from around Web3, just for you.

Web3 Investments Skyrockets in Q1 2024
The first quarter of 2024 marked a substantial 55% increase in investments into Web3 technologies, led by a surge in venture capital funding. READ

Bitcoin Transaction Fees Plummet Post-Halving Day Spik
Summary: Bitcoin's transaction fees, which soared to an average of $128 on the day of the latest halving, have significantly dropped thereafter. READ

Dozens of Solana Meme Coins Collapse After Presales
Twelve memecoin projects in the Solana ecosystem, having raised $26.7 million through presales, were abandoned within just a month of launch. Always do your own research! READ

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