Avail joins forces with leading layer-2 networks for increased Web3 scalability through data availability and rollup unification for a more interconnected blockchain landscape
Avail Data Availability Integrated by Arbitrum, Optimism, Polygon, StarkWare, ZkSync
The chains’ users will be able to opt in or out to use Avail for data availability, to stash the reams of data produced for all their transactions taking place.
Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots
Avail shared in a blog post that 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.”
Avail, Blockchain Data Availability Project, Sketches Out Eligibility for Token Airdrop
A screenshot of a document describing the eligibility criteria for the airdrop was posted on the social-media platform X by the user @Bitcoineo, and Avail’s public-relations team flagged the to tweet to CoinDesk, describing it as a “leak.”
Ethereum Activates ‘Dencun’ Upgrade, in Landmark Move to Reduce Data Fees
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as “proto-danksharding,” which gives room for a dedicated space that is separate from regular transactions, and at a lower cost.
Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round
The funds will be used to build out its three core products, “Avail DA,” “Nexus,” and “Fusion Security.”
Celestia Rival Avail Inks Agreement With Starkware as Blockchain Data Race Heats Up
Avail’s new “data availability” solution, currently in testing, and Madara, which is Starkware’s sequencer, are both expected to go live in early 2024. They might be used in conjunction to create new application chains or “appchains.”
Near Foundation Joins Celestia in Race to Provide ‘Data Availability’ for Ethereum Rollups
The project’s new “NEAR DA” aims to provide an alternate venue that could handle data produced by Ethereum’s fast-growing network or auxiliary blockchains or “layer-2 networks.”
Polygon spinoff launches testnet bridge to allow for low-cost layer 2s
Avail launched a bridge to transmit data availability attestations to Ethereum, potentially allowing for lower fees on some layer 2s.
Polygon (MATIC) Announces Launch Of New Blockchain Project, ‘Avail’
The press releases are on fire today as Polygon has announcements firing out left and right. The platform has announced ‘Avail’ – described as “a robust general-purpose scalable data availability layer”. Additionally, the platform announced the launch of yield aggregator Pickle.Finance.
Polygon’s Latest: Avail
In a press release to kick off the week, Polygon has shared that Avail will look to target standalone chains, sidechains, and off-chain scaling solutions. The platform has been working on Avail since late 2020 and it’s currently in devnet stage with “testnet in the works”.
The press release goes on to break down the three main types of peers in present-day ethereum-like ecoystems: validator nodes, full nodes, and light clients as well as the executional architecture between the three.
Avail looks to take a unique approach, one that will likely be incorporated in Ethereum 2.0, leveraging data availability checks. As the team describes it, “Avail reduces the problem of block verification to data availability verification”, so that a block with consensus is only valid if the data behind the block is available.
Avail looks to change the common architecture seen in many ethereum-based blockchains. | Source: Polygon Medium
Related Reading | Polygon (MATIC) Releasing Development Kit For Ethereum-Connected Chains
Pickle.Finance: Yield Aggregator
In another announcement to kick off the week, Pickle Finance is launching on Polygon after previously operating primarily on Ethereum.
Pickle utilizes ‘Pickle Jars’ to compound user returns from other protocols, and ‘Pickle Farms’ for rewarding the users for staking their Jar tokens. A variety of farms allow users to a variety of staking assets to earn PICKLE token rewards.
As part of the announcement, Polygon will be providing MATIC rewards worth $12,500 USD each week for eight weeks.
The Chain Continues To Grow
Polygon has been a tear this year and continues to announce new projects, user growth, and DeFi engagement. Today’s announcements continue that sentiment for the team after the $MATIC token hit an all-time high less than two months ago. Despite a ‘return to earth’, the $MATIC token is still up nearly 6,000% this year, and looks poised for continued growth.
Adoption also continues at a steady pace, user growth is strong and investments have come by way of major names such as Mark Cuban – who is integrating the platform into his NFT website, Lazy.com. DeFi has been a major throughput for the platform, and the low fees relative to Ethereum mainnet have made the chain an attractive choice for many. Cuban said in a statement around the Polygon investment, “I find myself using it more and more”.
The $MATIC token has seen substantial success this year. | Source: MATIC-USD on TradingView.com
Related Reading | Polygon ($MATIC) Sees 75K Active User Growth
Featured image from Pixabay, Charts from TradingView.com