Tuesday, July 16, 2024

Taiko’s Explosive Growth and Ambitious Plans for One Month on Mainnet

Taiko, a revolutionary rollup protocol built to enhance Ethereum’s scalability, celebrates its one-month milestone on the mainnet with impressive growth and exciting developments. Since its launch, Taiko has quickly become a prominent player in the Ethereum Scaling L2 space, boasting a total value locked (TVL) of $138,730,000 and processing an average of 19.53 transactions per second daily.

With a momentous achievement of processing 45.3 transactions per second on June 27 and attracting 699,616 unique wallets to the network, Taiko has established itself as a force to be reckoned with in the blockchain ecosystem. The transition to permissionless block proposing and proving sets Taiko apart as the first Ethereum-based rollup to offer this feature, reflecting a vibrant and decentralized community of contributors.

The Taiko ecosystem has seen remarkable growth and integration from over 80 DeFigaming, bridge, and other projects. Well-known games like Stupid Monkeys, Crack & Stack, and LooperLands now call Taiko’s mainnet home, signifying the growth of a thriving gaming ecosystem. The introduction of the TAIKO token followed by successful listings on major exchanges and decentralized platforms has bolstered Taiko’s momentum in the market.

In a further show of innovation, Taiko has launched the Trailblazers program, rewarding users and dapps with a generous 12 million TAIKO tokens for active participation within the ecosystem. The program has already attracted nearly 600,000 users, minting over 220,000 Faction badges and engaging in various exciting activities.

Looking ahead, Taiko remains dedicated to expanding its ecosystem, welcoming new protocols, and increasing TVL to enhance its capabilities even further. The forthcoming launch of Raiko and the continuous development of the booster rollup scaling solution promise to bring additional advancements to Taiko’s already impressive features.

Please note that this information is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities or other financial instruments. For more details about Taiko, visit their official sources: https://l2beat.com/scaling/projects/taiko, https://taikoscan.network/, https://taikonow.xyz/, and https://rollup.wtf/. Join the Taiko community and explore their ecosystem for yourself.

Image source: include the image provided with the press release.

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