jolineny6ni

@jolineny6ni

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Despite the reported congestion errors and some transactions failing, Solana has boasted 100% uptime in the past 90 days, with no outage since Feb. 6, 2024, according to data from Status.Solana.

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The Solana blockchain’s resilience, along with the argument between monolithic and modular blockchain scalability, was reignited by a major Solana outage in February 2024, which forced validators to restart the network after block production ground to a halt.

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The year 2024 will be remembered as a landmark chapter in crypto history. From surging mainstream demand for Bitcoin-regulated financial products to an expected crypto-friendly White House, the Web3 industry has made significant strides despite facing notable challenges along the way.

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If you have never heard about it, make a note of this word: tokenization. It refers to the art of turning traditional assets into tokens, making them tradable, even in small fractions.

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According to data from RWA.xyz, the total value of tokenized assets now stands at nearly $13.9 billion, a 67% jump from $8.3 billion in January.

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One of the advancements in this field is undoubtedly the emergence of zero-knowledge (ZK) proofs, a technology that allows a human to prove themselves without revealing any personal information. Startups developing this technology include Worldcoin, ONCHAINID and RisedID, to name a few.

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Community-driven energy services, online storage and internet connectivity are already a reality through decentralized physical infrastructure networks, or DePINs.

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“It is the only Web3 vertical generating revenue and fundamentals with zero correlation to the crypto market, delivering real-world value,” Álvaro Gracia, partner at Borderless, told Cointelegraph.

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According to He, not only investors but also large holders of BTC, such as MicroStrategy, are looking for additional sources of revenue through the fusion of Bitcoin and decentralized finance.

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“This is the natural need for holders, including the retail and institution. This is the native demand for holders,” said Kevin He of Bitlayer, a Bitcoin layer-2 protocol backed by asset manager firm Franklin Templeton.

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While developers still struggle with possible upgrades to a network that now has more stakeholders than ever before, startups are exploring alternative ways to unlock yield generation for holders.

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According to data aggregated by DePIN.Ninja, the market capitalization of DePIN protocols has exceeded $50 billion.

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According to He, not only investors but also large holders of BTC, such as MicroStrategy, are looking for additional sources of revenue through the fusion of Bitcoin and decentralized finance.

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“This is the natural need for holders, including the retail and institution. This is the native demand for holders,” said Kevin He of Bitlayer, a Bitcoin layer-2 protocol backed by asset manager firm Franklin Templeton.

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While developers still struggle with possible upgrades to a network that now has more stakeholders than ever before, startups are exploring alternative ways to unlock yield generation for holders.

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According to data aggregated by DePIN.Ninja, the market capitalization of DePIN protocols has exceeded $50 billion.

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According to Ripple Labs CEO Brad Garlinghouse, RLUSD will focus primarily on large institutional players.

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While XRP will help add liquidity to RLUSD with its significant availability on exchanges, the stablecoin’s price will also be stabilized by pairing to prevent depegging.

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Once RLUSD is available, Ripple plans to use both RLUSD and XRP in its cross-border payments solution to serve its global customers, the company said in RLUSD’s beta testing announcement.

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On Dec. 11, Ripple CEO Brad Garlinghouse announced that RLUSD had received its final approval from the New York Department of Financial Services, with the official Ripple account on X saying that the stablecoin would be launching “soon.”

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