chainwire

Victoria, Seychelles, December 20th, 2024, Chainwire

Bitget, the leading cryptocurrency exchange, and web3 company has announced the listing of Hyperliquid (HYPE) in the Innovation, DeFi, and Layer 1 Zone. This listing aims to expand trading options while offering participants access to exclusive activities.

Listing Schedule:

• Deposit Availability: Already open
• Trading Commencement: 18 December 2024, 10:00 (UTC)
• Withdrawal Start: 19 December 2024, 11:00 (UTC)
• Spot Trading Pair: HYPE/USDT

Airdrop Activity: CandyBomb Promotion

• Promotion Period: 18 December 2024, 10:00 – 25 December 2024, 10:00 (UTC). Participants can join the CandyBomb event to earn HYPE tokens based on their net deposits and spot trading volumes.

Promotion Details:

• Total Airdrop Pool: 1,700 HYPE
• Net Deposit Campaign Pool: 1,000 HYPE
• Spot Trading Pool (New Users Only): 700 HYPE

Eligible participants can join the event through the CandyBomb page and track their activity data for token rewards.

For more information on HYPE tokens, users can visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.  

Contact

Public Relations
Media
Bitget
media@bitget.com

Victoria, Seychelles, December 20th, 2024, Chainwire

Bitget, the leading cryptocurrency exchange, and web3 company is pleased to announce the return of its popular Diamond Thursday event. In its sixth round, the promotion offers participants the chance to share in a pool of 50,000 BGB tokens by meeting specific trading and deposit requirements.

The Diamond Thursday event aims to reward active traders and participants within the Bitget ecosystem. Running from 18 December 2024 at 16:00 (UTC) to 25 December 2024 at 15:59 (UTC), the promotion is open to eligible users who register and meet the outlined criteria.

How to Participate

Participants must meet the following requirements:

• Deposit Requirement: Make a net deposit of at least 100 USDT in any cryptocurrency.
• Trading Activities:
• BTC Trading: Achieve a total spot trading volume of 10,000 USDT or more.
• BGB Trading: Achieve a total spot trading volume of 10,000 USDT or more.

Each qualifying trading activity earns participants one share of the airdrop pool, with rewards distributed as follows:

Airdrop Allocation: 50,000 BGB ÷ Total Shares Earned by Participants

Additional Details:

• Registration on the promotion page is required before trading volumes and deposits are considered.
• Certain trades, such as zero-fee pairs (e.g., BTC/EUR, BTC/USDE), as well as transactions by sub-accounts, institutional users, market makers, and API trading, are excluded from the calculations.
• Incentives will be distributed within 1–3 working days following the promotion’s conclusion.

For more information on Diamond Thursday users can visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.  

Contact

Public Relations
Media
Bitget
media@bitget.com

Victoria, Seychelles, December 19th, 2024, Chainwire

Bitget, the leading cryptocurrency exchange, and web3 company has announced its highly anticipated Christmas Bonanza. This festive event invites users to engage with trading bots and access rewards totaling up to 10,800 USDT. The promotion runs from 18 December to 26 December 2024, offering multiple incentives for participants.

A Feature-Packed Holiday Promotion

The Christmas Bonanza encourages users to explore trading bot solutions through three targeted activities:

1. Investing and Earning Matching Bonuses:
2. Participants creating new trading bots and investing at least 200 USDT can earn position vouchers matching their investment, capped at 9,000 USDT per user. With a total bonus pool of 5,000,000 USDT, this activity emphasizes Bitget’s commitment to rewarding user engagement.
3. Ranking-Based Airdrops:
4. Users maintaining active trading bots for over two days can compete for airdrop rewards based on their investment rankings. Top performers can earn up to 800 USDT, with tiered rewards distributed among 1,000 eligible participants.
5. Special BTC Bonus:
6. BTC spot trading bot users investing at least 200 USDT and running the bot for two days will receive an additional 1,000 USDT in PoolX trial funds, providing access to trending coin airdrops through staking.

Promotion Period:

18 December 2024, 19:00 (UTC+8) – 26 December 2024, 19:00 (UTC+8)

Eligible users must register on the promotion page and create new trading bots during the event period. Only trades meeting the minimum investment thresholds will qualify for rewards. Participants can take part in all three activities simultaneously to maximize their earnings.

For more information on Christmas Bonanza rewards, users can visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

Risk Warning: Digital asset prices may fluctuate and experience price volatility. Only invest what you can afford to lose. The value of your investment may be impacted and it is possible that you may not achieve your financial goals or be able to recover your principal investment. You should always seek independent financial advice and consider your own financial experience and financial standing. Past performance is not a reliable measure of future performance. Bitget shall not be liable for any losses you may incur. Nothing here shall be construed as financial advice.  

Contact

Public Relations
Media
Bitget
media@bitget.com

Zug, Switzerland, December 19th, 2024, Chainwire

Acurast, a leader in decentralized confidential cloud computing, announces the launch of Acurast Processor Lite for iOS, now available on the Apple App Store. This application allows iPhone users to share their device’s computing power with Acurast’s decentralized confidential cloud network, offering an opportunity to earn rewards in return.

By harnessing the advanced processors in mobile devices, Acurast makes it possible for regular phones to operate as powerful computing providers. With this new expansion to iOS, Acurast’s ecosystem grows bigger, welcoming iPhone users into a network that’s changing the way cloud computing is done. This shift marks a step forward in accessibility and control over how compute power is managed worldwide.

Acurast also takes a unique, sustainable approach: repurposing mobile phones with damaged screens or unused older models into affordable compute resources. These upcycled devices become cost-effective alternatives to traditional servers, bringing sustainability into the heart of cloud infrastructure.

Users providing compute power through Acurast Processor Lite can earn rewards in the form of cACU tokens. Each user can earn up to 250 cACU per month in bootstrapping rewards simply by running the Processor connected to the internet. Additional rewards are earned whenever developers deploy applications on the Acurast Cloud and utilize the user’s Processor resources.

Key Features of Acurast Processor Lite for iOS:

●      Providing Compute Power Used By Developers To Deploy Their Applications: Getting started with users’ everyday phones or onboard upcycled devices.

●      Broading Compatibility: Supports iPhone 6s and newer models, allowing a wide range of users to participate.

●      Secure and Private: Maintains data security and user privacy, giving users peace of mind.

iPhone users can join the Acurast Cloud Rebellion by downloading Processor Lite iOS. Whether with an everyday phone or dedicated upcycled devices, joining means earning rewards and supporting a shift toward a more decentralized, sustainable, and user-driven confidential cloud infrastructure.

Alessandro De Carli, Co-Founder of Acurast shared, “With the launch of Acurast Processor Lite for iOS, we’re taking a significant step toward democratizing cloud computing. By enabling iPhone users to contribute their phones’ compute power, we’re building a more decentralized, secure, and confidential cloud infrastructure. This is not just about technology; it’s about empowering individuals to be part of a global movement that redefines how we think about and utilize computing resources.”

Users can download Processor iOS Lite here: Processor iOS Lite

About Acurast

Acurast is transforming the cloud landscape by championing mobile-powered disruption in decentralized, confidential, and accessible computing. By enabling individuals to contribute compute power from their phones, Acurast is building a decentralized, serverless cloud that democratizes access to computing resources.

Press Contact:

Pascal Brun

Co-Founder

Acurast Association

Email: pascal@acurast.com

Contact

Comms and PR manager
Jonathan Duran
Distractive
Jonathan@distractive.xyz

Vilnius, Lithuania, December 20th, 2024, Chainwire

Europe’s leading cryptocurrency exchange, WhiteBIT, concludes the year with notable achievements. The latest estimates reveal the company’s capitalization has reached $38.9 billion, while the annual trading volume surged to $2.7 trillion — a 200% increase compared to the previous year. These figures encompass all exchange markets (spot and futures), showcasing the company’s rapid growth and the increasing trust of its users.

For context, WhiteBIT’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. WhiteBIT’s trading volume exceeds the GDP of countries like Italy or Canada and approaches the GDP of France, valued at $3 trillion.

According to WhiteBIT Founder and CEO Volodymyr Nosov, this milestone reflects the exchange’s innovative strategies and strategic focus: “Reaching $2.7 trillion is the result of our dedicated teamwork and the trust of our clients. We remain committed to developing cutting-edge technologies tailored to the needs of both retail and institutional traders.”

Top 2 in Traffic

In the fall of 2024, WhiteBIT secured its position as the second-most visited crypto exchange, with 33 million visits to the platform. This achievement positions it just behind Binance, reflecting the steady interest in WhiteBIT’s services.

Key Drivers of Growth

One of the primary contributors to WhiteBIT’s record trading volume has been the onboarding of institutional clients. The exchange introduced a market maker program tailored to the requirements of large-scale traders. With low fees and rebates as high as -0.01%, the program provided conditions for high-frequency trading, drawing professional traders to the platform. Institutional loans also became a cornerstone for building trust within the professional community, enabling large-scale transactions.

The platform’s technical infrastructure also contributed, with features such as colocation to reduce latency, sub-accounts for strategy diversification, and a robust API supporting its services for institutional clients.

The introduction of a new affiliate program contributed by engaging communities of retail traders, supporting user acquisition, and enhancing trading activity, which played a role in WhiteBIT’s strong performance.

Currently, the exchange serves over 1,300 institutional clients.

Expanding Global Reach

Today, over 30 million people worldwide use services and products from the WhiteBIT Group holding. These include the centralized exchange WhiteBIT, the crypto payment solution Whitepay, the decentralized exchange WhiteSwap, the NFT marketplace white.market, and the gaming platform Pocket Rocket. Additionally, WhiteBIT Group encompasses Whitechain, its proprietary blockchain, and WhiteBIT Coin (WBT), which has experienced 349.39% growth over the year.

With 600+ trading pairs and more than 300 digital assets, WhiteBIT continues to strengthen its competitive edge in the global market.

In a recent interview, CEO Volodymyr Nosov confirmed WhiteBIT’s plans to enter the US market.

Commitment to Security

WhiteBIT stands out as one of the most secure cryptocurrency exchanges globally. Ranked among top 5 in security by CER.live, it is the first crypto exchange to achieve the highest-level Cryptocurrency Security Standard (CCSS) certification.

The platform also holds a Payment Card Industry Data Security Standard (PCI DSS) certification, safeguarding customer payment information, and has been recognized by Hacken for excellence in cybersecurity.

WhiteBIT remains committed to continuous growth, solidifying its position in the international market, and expanding its impact on the global crypto ecosystem.

About WhiteBIT

WhiteBIT is the largest European centralized cryptocurrency exchange founded in Ukraine in 2018, offers over 600 trading pairs, 300 assets, and supports 9 fiat currencies. As part of the WhiteBIT Group holding, the platform serves more than 30 million customers globally. WhiteBIT collaborates with Visa, FACEIT, FC Barcelona, Trabzonspor, the Ukrainian national football team, and lifecell. The company is dedicated to driving the widespread adoption of blockchain technology in Ukraine and worldwide.

Contact

WhiteBIT PR Service
pr@whitebit.com

Panama City, Panama, December 19th, 2024, Chainwire

PoSciDonDAO has announced that Boost VC has invested in the project, representing a significant step forward in its mission to decentralize scientific research and innovation. The investment includes PoSciDonDAO’s acceptance into Boost VC’s Go-To-Market Program, which will provide valuable resources to support the project’s development and adoption.

Boost VC Expands Commitment to Decentralized Science With PoSciDonDAO

Boost VC, co-founded by Adam Draper and Brayton Williams, is known for supporting emerging technologies that introduce alternative approaches to traditional systems. Over the years, Boost VC has demonstrated a strong commitment to the decentralized science (DeSci) space by investing in projects such as Molecule, ResearchHub, HairDAO, and Data Lake. These initiatives have advanced democratized science, open innovation, and accessibility for researchers and innovators. By including PoSciDonDAO in its program, Boost VC reinforces its dedication to decentralized approaches in scientific research and development.

Opportunities Through Boost VC’s Partnership

Boost VC’s investment and PoSciDonDAO’s participation in its Go-To-Market Program present new opportunities for growth. Key benefits include:

1. Access to Expert Mentorship: Boost VC’s team and network of industry experts will provide guidance to help PoSciDonDAO refine its strategy and scale.
2. Market Positioning: Insights into navigating competitive landscapes, with tailored go-to-market strategies for adoption and growth.
3. Network Expansion: Integration into a collaborative community of innovators, fostering partnerships with research institutions and advocates in decentralized science and blockchain.

A Shared Vision for Decentralized Science

This partnership reflects a shared vision of decentralization as a tool to promote equity, inclusivity, and progress in science. PoSciDonDAO and Boost VC aim to collaborate in fostering a movement that emphasizes transparency in research funding and equitable access to scientific resources.

The Future of DeSci: A Collective Effort

Boost VC’s partnership with PoSciDonDAO underscores growing momentum for DeSci. Through this collaboration, both entities aim to demonstrate that decentralization can enhance inclusivity and equity in scientific innovation.

By joining forces, PoSciDonDAO and Boost VC will work toward advancing a model of knowledge creation and resource allocation that benefits the global scientific community.

About PoSciDonDAO

PoSciDonDAO leverages blockchain technology to democratize personalized medicine research by bridging the gap between researchers, funders, and the broader scientific community. Through decentralized governance and funding, the platform ensures transparent and equitable resource allocation, fostering trust and inclusivity in advancing personalized medicine innovation.

For more information about PoSciDonDAO, users can visit the official PoSciDonDAO website.

Users are invited to stay informed about PoSciDonDAO’s initiatives by following the project on social platforms:

Twitter/X | Telegram | Discord

Contact

Marketing Representative
Ayat Abourashed
ayat@poscidon.com

London, UK, December 19th, 2024, Chainwire

Harbour, in partnership with Velocity Labs, announces the launch of their stablecoin payment system “Magic Ramp”, connecting SEPA Instant payment rails with Polkadot. This collaboration seamlessly integrates TradFi banking systems into Web3, providing efficient, low-cost payment solutions.

Magic Ramp allows Euros to be sent from any bank account and received as USDC on-chain in less than 30 seconds, with minimal fees while funds held in Web3 wallets can be received as Euros in bank accounts with the same speed. For the first six weeks following the launch, these bank-to-on-chain transactions will be available at no cost. Through this partnership, developers can now issue virtual IBANs that are linked to Polkadot wallet addresses and bridge SEPA Instant payment rails in Europe with the Polkadot Asset Hub.

James Brownlee, CEO of Harbour, shared, “Polkadot’s infrastructure enables instant, low-cost stablecoin transfers, which aligns with our goal of making blockchain interoperable with traditional banking. This partnership expands the design space for developers working on stablecoin-based solutions.”

Potential use cases include efficient on-and-off ramps for Web3 users, stablecoin payment gateways for merchants who prefer receiving Euros, international payroll, bill payments, and cross-border remittances.

Nicolas Arevalo, CEO of Velocity Labs, stated “Among all the on-ramp providers we’ve worked with, Harbour stood out by blending the convenience of on-ramps with the speed and cost of CEX on-ramping. This will allow stablecoins in Polkadot to become seamlessly accessible with negligible fees.”

Harbour’s Magic Ramp makes it simple for traditional banking entities to integrate with Web3 in a way that addresses practical challenges in payments to meet evolving market needs.

For more information, users can visit Harbour.fi or try out the Magic Ramp at https://ramp.harbour.fi/polkadot

For media inquiries, users may contact Jonathan Duran at Jonathan@Distractive.xyz

About Harbour

Harbour.fi is an innovative payments platform bridging traditional banking and blockchain rails with Stablecoins. Harbour is headquartered in the United Kingdom with a branch in Poland, EU. 

About Velocity Labs

Velocity Labs is a core contributor to Polkadot, dedicated to transforming it into the premier platform for DeFi development in Web3. As strategic partners, we empower builders and infrastructure providers with comprehensive support across business development, go-to-market strategy, engineering support, and product strategy.

Contact

Comms & PR manager
Jonathan Duran
Distractive
jonathan@distractive.xyz

Victoria, Seychelles, December 19th, 2024, Chainwire

BETY.com is enhancing the online gaming and betting landscape by integrating blockchain technology and hash algorithms to create a transparent, secure, and open gaming experience. The platform addresses long-standing challenges in traditional casinos, such as fairness and credibility, by providing a decentralized and verifiable gaming ecosystem.

Bety.com’s Blockchain Technology Application

BETY.com’s core innovation lies in its blockchain-based game result generation. By leveraging the immutability and transparency of blockchain technology, the platform has introduced new standards of accountability in the gaming industry.

Decentralization and Immutability

All game data and betting records are stored securely on the blockchain, ensuring they remain immutable and free from external tampering. This decentralized approach eliminates the risks associated with traditional casinos, such as manipulation or data alteration, offering players a reliable and verifiable system.

Smart Contract Automatic Settlement

BETY.com employs smart contract technology to automate game result generation and settlement. Each bet placed and reward earned is executed instantly through smart contracts, eliminating manual operations and the possibility of human interference. This process enhances operational efficiency and ensures a seamless user experience.

Hash Value Verification

Game results on BETY.com are generated using hash algorithms. Before each game begins, the platform creates a random server seed value, which is hashed to produce a unique value. After the game ends, players can verify the results by cross-referencing the player seed value and server seed value, ensuring the outcome’s fairness. This transparent process allows players to independently verify game results, reinforcing the platform’s credibility.

Innovative Gaming Experience

BETY.com offers a range of hash-based games designed for simplicity and engagement. These games include:

• Hash Luck: Players select lucky numbers, with prizes awarded for matches.
• Dragon Tiger: Players bet on the Dragon or Tiger hand; the higher card value wins.
• Hash Lottery: Match drawn numbers for escalating payouts.
• Hash Banker Player: Players bet on either the Banker or Player’s hand for higher points.
• Hash Even Odds: Players wager on even or odd outcomes for returns.

Jackpot Balance

BETY.com’s jackpot balance creates an engaging prize pool where each bet contributes to potential payouts. Players can use cryptocurrencies like USDT or TRX to participate and monitor real-time prize pool updates, adding to the transparency.

Real-Time Transparency

All bets and game results are recorded on the blockchain. Players can view complete histories through blockchain browsers, ensuring absolute transparency and accountability.

Ultra-Fast Transactions

The platform supports instant payments and withdrawals in multiple cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and more. This eliminates reliance on traditional payment systems, significantly improving capital flow efficiency.

BETY.com’s Impact and Future Prospects

BETY.com is establishing itself as a significant player in the online gaming sector by modernizing traditional betting methods. Through its integration of blockchain technology and hash algorithms, the platform offers players a verifiable, decentralized system, addressing concerns around fairness and transparency.

Global Reach and Inclusiveness

BETY.com’s decentralized nature eliminates geographical restrictions, allowing global participation through cryptocurrency. Additionally, the platform’s anonymity and privacy features create a secure and inclusive environment for players worldwide.

Technology-Driven Growth

As blockchain technology evolves, BETY.com plans to enhance its capabilities by introducing advanced random number generation algorithms, optimizing smart contract efficiency, and exploring innovations such as NFTs and the Metaverse. These advancements aim to enrich the gaming experience and expand the platform’s reach.

Platform Highlights

• Versatile Offerings: Combining casino gaming, sports betting, virtual sports, e-sports, and more.
• Cryptocurrency Support: Accepts Bitcoin, Ethereum, Tether, Litecoin, and other popular cryptocurrencies.
• Customer Support: Provides 24/7 assistance through live chat and multiple payment options.
• Regulatory Compliance: Adheres to international gaming regulations and promotes responsible gambling.
• Transfer Limits: Supports flexible transaction ranges from $10 to $100,000.

Advancing Online Gaming Through Blockchain Technology

BETY.com is refining the online gaming industry with its blockchain-driven approach, offering enhanced transparency and fairness. By leveraging advanced technology and prioritizing user experience, the platform creates a reliable and innovative environment for players. With continuous upgrades and an expanding user base, BETY.com is well-positioned to support future advancements in the gambling sector.

About bety.com

Bety.com is the pioneering decentralized betting platform and it stands at the forefront of a significant shift in the gambling landscape, positioning itself as the world’s first decentralized betting platform. By harnessing the power of blockchain technology, bety.com aims to transform how users engage in gambling and gaming, creating an ecosystem that prioritizes user security, transparency, and fairness.

Players can register now to claim their bonus and begin their journey. With each game, there are opportunities to play, win, and potentially unlock rewards. Additionally, they can access valuable tips and tricks to enhance their gameplay. Starting a free trial offers the chance to experience the world of crypto gaming.

Contact

Liaison Officer
Jovie J.T. Villa
business@bety.com

Singapore, Singapore, December 19th, 2024, Chainwire

Succinct alliance establishes Mantle Network as highest-TVL ZK validity rollup

Mantle Network, an Ethereum layer 2 (L2) known for its modular design and being the first adopter of EigenLayer’s EigenDA, today announced its architectural transition to a zero-knowledge (ZK) validity rollup through an industry-first alliance with Succinct. Combining its modular architecture, data availability solutions through EigenDA, and now zero-knowledge proofs via SP1, Mantle Network embarks on creating the liquidity chain for institutional-grade settlement and value transfer in the crypto ecosystem. 

Since Mantle Network’s mainnet launch on July 7, 2023, the burgeoning on-chain ecosystem has grown to become a top 5 L2 by total value locked (TVL) with $2.2 billion and counting. The network has processed 175 million on-chain transactions, seen 1.4 million smart contracts deployed, connected to 10 million unique wallet addresses and maintained 4.9 million monthly active wallet addresses since its inception. Mantle Network continues to drive capital efficiency in the on-chain economy with the integration of ZK validity rollup technology, providing crucial next-generation technical infrastructure to support and amplify secure growth of high-value asset settlements. Backed by one of the largest community-owned treasuries globally with $4.3 billion in asset reserves, Mantle Network’s technical roadmap directly supports its vision of accelerating seamless, secure and efficient movement of institutional capital across traditional and decentralized markets.

Accelerating Institutional-Grade Asset Settlements Through ZK Validity Innovation

With the testnet launch in Q1 2025 with intention towards mainnet upgrade, Mantle Network is set to evolve from an optimistic rollup model to a ZK validity rollup through Succinct’s SP1. This architectural change drastically reduces chain finality from seven days to one hour – enabling fast institutional-grade asset settlements that support and address capital efficiency opportunities throughout traditional finance and the blockchain industry.

The transformative efficiency gains of ZK validity proofs have garnered significant market traction. Already powering applications with a cumulative $4.4 billion capital across leading ZK L2 ecosystems, Mantle Network maintains a bullish belief in the advancement of ZK technology to further the broader Ethereum ecosystem. Performance benefits can allow Mantle’s flagship assets, such as $mETH, $cmETH and $FBTC, with an aggregate $3.9 billion TVL, to proliferate across the wider decentralized finance (DeFi) domain. This enables better swap market spreads, lower slippage, deeper money markets, improved interest rates, and broader asset availability. Market intermediaries can rapidly rebalance inventories between Mantle Network (Layer 2) and Ethereum (Layer 1), and users can quickly move permissionlessly to access a unique set of onward routes and integrations.

Key Technical Benefits

The strategic integration of Succinct’s SP1 offers a suite of advanced features catered to developers and users:

• Fast Finality: Boasting a 168x improvement in bridging capabilities, transactions achieve finality in one hour – enabling quick withdrawals and seamless operations to redefine user experience. 
• EVM Equivalence: Succinct’s SP1 full EVM bytecode compatibility ensures developers can leverage existing Ethereum tooling and smart contracts without compromise. 
• Cost Efficiency: Prover fees integrated into transaction costs eliminate additional financial burdens for rollup teams with minimal cost impact to users, as low as fractions of a cent per transaction.
• Enabling a Multi-Chain Future: The advancement reaffirms Mantle Network’s alignment with Ethereum’s security ethos while laying the groundwork for cross-rollup interoperability at scale through ZK proofs.

Driving the Future of ZK Rollups

OP Succinct combines the power of Succinct’s SP1 zkVM with the modularity of the OP Stack, bridging the gap between user-friendly optimistic rollups and complex zero-knowledge technology. The innovation promotes interoperability, flexibility, and standardization that addresses Ethereum’s existing challenges. By adopting ZK validity proofs, Mantle Network transactions are cryptographically verified to be correctly sequenced and settled. This higher tier of security allows everyone to more easily and safely explore frontier areas that enhance the Ethereum experience — such as supporting more advanced application logic, enabling cross-chain actions, improving latency, and adopting multi-sequencer architectures.

Joshua Cheong, Product Lead at Mantle said: “In my previous banking career, I witnessed traditional banking infrastructure and legacy banking business models struggle to keep up with the emergence of FinTech disruptors built with cloud services that boast cost advantages. The introduction of programmable blockchains along with stablecoins heralds the next natural step in disruption of financial services – being even more operationally efficient and resilient. The integration of Succinct’s SP1 marks a defining chapter in Mantle Network’s strategic blockchain journey to support banking for the next generation. By uniting zero-knowledge proofs with the proven versatility of the OP Stack, we’re not just evolving as a Layer-2 solution – we’re setting a new benchmark for institutional-grade Ethereum scalability that enables highly efficient and unparalleled security for high-value transactions at the cost of a few cents with 24/7 settlements.” 

Uma Roy, CEO and Co-Founder at Succinct added: “Succinct’s SP1 empowers any developer to make ZK applications by just writing Rust, accelerating the adoption of ZK and verifiable computation. With OP Succinct, we can propel any OP Stack rollup into the future by providing fast finality with no downsides. By merging SP1’s blazing fast performance with Mantle’s progressive vision, we’re enabling developers to reimagine decentralized applications with unprecedented speed, efficiency, and reliability. Together, we’re building the foundation for Ethereum’s interconnected and scalable future.”  

A Unified Ethereum Ecosystem

The synergy of fast finality, Ethereum-standard compatibility, and cost efficiency promises a profound impact, reducing fragmentation and unlocking the potential for next-generation decentralized applications (dApps). 

The transition enhances Mantle Network’s commitment to Ethereum’s decentralized security model as an ETH-aligned Layer 2, enabling a more cohesive ecosystem with seamless asset and information flows. Mantle Network is now poised to be a future-ready L2 chain as a native ZK rollup.

As the Ethereum landscape evolves, Mantle Network’s adoption of Succinct’s SP1 positions it as a leader in scalability and innovation. Developers, users, and ecosystem partners can look forward to a faster, more secure, and interconnected Ethereum future. 

About Succinct

Succinct brings zero-knowledge proofs to any developer with SP1—the world’s fastest zkVM. Succinct’s Decentralized Prover Network provides affordable and reliable proof generation infrastructure for rollups, bridges, coprocessors and other applications using ZKPs. SP1 is used by the most renowned teams in the industry, including Celestia, Avail, Lido, Polygon, AggLayer and many more.  

Website | X/Twitter | Discord | Blog | Documentation

About Mantle

Mantle is building the largest sustainable hub for on-chain finance. Through its core products — Mantle Network, mETH Protocol, and FBTC — Mantle is unlocking the future of finance by blending institutional expertise with the transformative power of blockchain. Anchored by the Mantle Treasury, the largest community-owned treasury in the ecosystem, Mantle ensures robust liquidity and financial stability. With over $4.3 billion in assets, it actively funds core product development and fosters the growth of asset partners, such as Agora AUSD, Ethena USDe, Ondo USDY, and EigenLayer restaking, enhancing sustainable yield, deep liquidity, and financial utility on the Mantle Network. 

Website | X/Twitter | Devs X/Twitter | Discord | Telegram | YouTube | Blog | GitHub

Contact

Mantle
windrangerlabs@wachsman.com

Dubai, United Arab Emirates, December 19th, 2024, Chainwire

Marinade Finance Makes Strategic Investment in SuperSol to Boost Solana’s Growth and Enhance Layer-2 Capabilities. 

The Solana ecosystem has been witnessing rapid growth and evolution, with demand for scalability, performance, and real-time capabilities reaching new heights. This growth is driven not only by traditional decentralized finance (DeFi) applications but also by the rise of emerging sectors like GameFi (gaming on blockchain) and Decentralized Physical Infrastructure Networks (DePIN). In response to these expanding needs, Marinade Finance, a prominent self-custodial staking protocol on the Solana network, has made a strategic investment in SuperSol, the first native Layer-2 scaling solution for Solana. Marinade enables SOL holders to automatically delegate their tokens to top-performing validators in a competitive open marketplace, optimizing yields by allowing validators to share fees directly with stakers.

Strengthening Solana’s Infrastructure for a New Era

SuperSol, designed to significantly enhance Solana’s scalability and performance, aims to address the growing demand for efficient and reliable infrastructure that can support the next wave of decentralized applications (dApps). With a primary focus on sectors such as GameFi, which combines gaming with decentralized finance, and DePIN, which utilizes decentralized networks for physical infrastructure, SuperSol is poised to become a critical component in the future of the Solana blockchain.

The investment by Marinade Finance is seen as a crucial move to help SuperSol accelerate its development and adoption. By supporting innovations like SuperSol, Marinade is positioning itself at the forefront of the efforts to improve Solana’s Layer-1 and Layer-2 capabilities, ensuring that the network can handle the next generation of dApps and meet the increasing demand for high-performance, low-cost, and scalable solutions.

The Role of Marinade Finance in the Solana Ecosystem

Founded in 2021, Marinade Finance has quickly established itself as one of the most prominent players in the Solana ecosystem. The platform allows users to automatically stake SOL tokens, Solana’s native cryptocurrency, while receiving mSOL, a liquid staking derivative. mSOL allows users to earn staking rewards while maintaining liquidity, enabling them to participate in other DeFi activities without locking their assets.

Through this innovative approach to staking, Marinade Finance has significantly contributed to the overall growth and decentralization of the Solana network. By providing liquidity to staked assets, Marinade enables participants to earn staking rewards without locking their assets, thereby supporting both network security and a more dynamic ecosystem for decentralized finance.

In addition to its core offering, Marinade has become an active participant in broader efforts to enhance Solana’s ecosystem. Its decision to invest in SuperSol is in line with its long-term vision to support projects that aim to improve Solana’s scalability and bring real-world use cases to life.

SuperSol: A Key Enabler for the Future of GameFi and DePIN

The main challenge facing blockchain networks like Solana has always been the need to scale in a way that maintains high throughput while minimizing costs. Solana’s high-speed and low-cost architecture has made it a popular choice for developers, but as adoption grows and more applications are built on the network, there is an increasing need for solutions that can handle even more transactions without compromising performance.

This is where SuperSol comes into play. SuperSol is a Layer-2 scaling solution that builds on top of Solana’s existing architecture to offer increased scalability and enhanced performance. By utilizing SuperSol, developers will be able to create more efficient applications, particularly in GameFi and DePIN – two sectors experiencing explosive growth.

In the GameFi space, where games and financial incentives are integrated on the blockchain, the need for high-speed transactions is paramount. Traditional gaming engines often struggle to meet the performance demands of real-time, immersive environments, but Layer-2 solutions like SuperSol can help ensure that these games run smoothly and cost-effectively on the Solana network.

Similarly, in the rapidly growing DePIN sector, which includes applications focused on decentralizing physical infrastructure such as networks, energy grids, and other assets, scalability is critical. SuperSol’s advanced Layer-2 architecture is designed to handle the transaction loads and data requirements of such applications, making it an ideal fit for this emerging market.

A Strategic Partnership with Long-Term Impact

While the financial details of the investment have not been disclosed, Marinade’s support for SuperSol is more than just a monetary contribution – it’s a strategic partnership aimed at fostering innovation and ensuring the continued growth of Solana’s ecosystem. By investing in projects like SuperSol, Marinade is positioning itself as a key player in the infrastructure and scalability efforts that will shape the future of blockchain technology.

The collaboration between Marinade Finance and SuperSol is a testament to the growing synergies within the Solana ecosystem. As Solana continues to attract developers and projects across a variety of sectors, the combination of robust staking solutions and scalable infrastructure will be key to meeting the demands of an increasingly complex and diverse decentralized economy.

Looking Ahead: Solana’s Continued Evolution

As Solana’s ecosystem matures, the need for effective Layer-2 scaling solutions will only become more pressing. SuperSol’s focus on improving Solana’s real-time performance and scalability will help address these challenges head-on, making Solana an even more attractive option for developers and users alike.

The strategic investment by Marinade Finance signals confidence in SuperSol’s vision and the potential impact it will have on the network. It also highlights Marinade’s commitment to not only providing liquidity solutions through its liquid staking protocol but also actively contributing to the broader development of Solana’s infrastructure.

The partnership between Marinade Finance and SuperSol is a significant step toward ensuring that Solana remains a leading blockchain platform for years to come, able to support the growing demands of decentralized applications, GameFi, and DePIN with cutting-edge performance, scalability, and reliability.

About Marinade Finance

Marinade Finance is a non-custodial liquid staking protocol built for the Solana blockchain. By allowing users to stake SOL tokens and receive mSOL, a liquid staking derivative, Marinade enhances liquidity and incentivizes participation in Solana’s proof-of-stake consensus. The platform is designed to make staking more accessible and flexible while supporting the broader development of the Solana network.

About SuperSol

SuperSol is Solana’s first native Layer-2 scaling solution, built to optimize the network’s performance and scalability. Focusing on sectors like GameFi and DePIN, SuperSol is designed to meet the increasing demands of decentralized applications by providing enhanced efficiency, reliability, and real-time performance. 

SuperSol is the brainchild of Eva Oberholzer, whose impressive credentials include former roles as Chief Strategy Officer at Cardano and Chief Growth Officer at ICP. With her extensive experience in protocol development, Oberholzer recognized Solana’s potential as a dominant force in the crypto world. This insight led her to tackle the ecosystem’s scalability challenges, particularly in the GameFi space. By founding SuperSol, Oberholzer aims to solidify Solana’s position as a leading asset class and drive the next wave of innovation in the blockchain industry.

Contact

Founder and CEO
Eva Oberholzer
SuperSol Labs Ltd.
pr@supersol.ai