Passionate community members have been working hard on the framework for a licensed GMX V2 deployment on the 

GMX is a decentralized perpetual swap and spot exchange. Traders can use it to easily trade cryptocurrencies on-chain, just by connecting their wallets!

Passionate community members have been working hard on the framework for a licensed GMX V2 deployment on the @Solana  network!     Read their proposal to the GMX DAO: https://gov.gmx.io/t/gmsol-bringing-gmx-v2-to-solana-and-realizing-the-trinity-of-decentralized-leverage-trading/3430

GMX is transitioning to on-chain Governance, and the GMX DAO is now live on Tally:

Please delegate your voting power on Tally before staking or claiming GMX rewards.

Stakeholders in the protocol are also invited to nominate themselves as delegates and represent the community in the governance process. For more information, see:

GMX is transitioning to on-chain Governance, and the GMX DAO is now live on Tally:     🔹 https://tally.xyz/gov/gmx     Please delegate your voting power on Tally before staking or claiming GMX rewards.     Stakeholders in the protocol are also invited to nominate themselves as delegates and represent the community in the governance process. For more information, see:    🔹 https://gov.gmx.io/t/gmx-delegate-statement-template/3418

Week in DeFi: Lido V2 Launches, GMX Synths in Testnet and Cosmos Mesh Security

The Ultimate Guide to Protocols on Arbitrum

Week in DeFi: Zhejiang Testnet, Subnets Galore and an EVM-Driven Cosmos

Week in DeFi: Frax Leads LSD Race, MetaMask Hops on the Bandwagon

A Deep Dive Into GMX

## GMX (GMX) คืออะไร

GMX คือ decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) ที่ใช้สำหรับการซื้อขายฟิวเจอร์สของคริปโตเคอร์เรนซีแบบถาวรด้วยเลเวอเรจสูงสุด 50 เท่าของคริปโตเคอร์เรนซียอดนิยม เช่น [BTC](https://coinmarketcap.com/th/currencies/bitcoin/), [ETH](https://coinmarketcap.com/th/currencies/ethereum/) และอื่นๆ อีกมากมาย แพลตฟอร์มนี้เปิดตัวในเดือนกันยายน 2021 ในชื่อ ว่า Gambit Exchange จนถึงปัจจุบัน GMX มีปริมาณการซื้อขายรวมมากกว่า $130B และผู้ใช้ทั้งหมด 283,000 คนทำให้มันเป็นอนุพันธ์ DEX ชั้นนำบน Arbitrum และ Avalanche

GMX ทำงานอยู่บน Arbitrum และ Avalanche blockchain ระบบนิเวศเหล่านี้เชื่อมต่อกับตัวกลางการแลกเปลี่ยนผ่าน Synapse ซึ่งเป็น [บริดจ์](https://coinmarketcap.com/alexandria/article/what-are-cross-chain-bridges) แบบข้ามเชน

### ใครคือผู้ก่อตั้ง GMX

ไม่มีการระบุชื่อทีมผู้ก่อตั้ง แต่ผู้พัฒนาหลักน่าจะเป็น @xdev_10 ที่อยู่บน Twitter

### อะไรที่ทำให้ GMX ไม่เหมือนใคร

แทนที่จะเป็นรูปแบบ [สมุดคำสั่งซื้อ](https://coinmarketcap.com/alexandria/glossary/order-book) ที่ใช้งานโดย centralized exchanges (CEX) การซื้อขายกลับเกิดขึ้นผ่านนวัตกรรมในรูปแบบตลาดอัตโนมัติ (AMM) ที่ปรับใช้โดย DEX เช่น Uniswap มันมีกลุ่มสินทรัพย์แบบเนทีฟหลายกลุ่ม โดย GLP เป็นตัวสร้างรายได้ให้กับผู้ให้บริการสภาพคล่อง

GLP ทำหน้าที่เป็น [กลุ่มสภาพคล่อง](https://coinmarketcap.com/alexandria/article/what-are-liquidity-pool-lp-tokens) แบบหลายสินทรัพย์ ([LP](https://coinmarketcap.com/alexandria/article/what-are-liquidity-pool-lp-tokens)) ซึ่งประกอบด้วย ETH, BTC, LINK, UNI, USDC, USDT, DAI และ FRAX ในขณะที่เขียน ราคาตลาดขึ้นอยู่กับ Oracles ของ Chainlink ซึ่งมีหน้าที่รวบรวมข้อมูลราคาโทเค็นจากตัวกลางการแลกเปลี่ยนชั้นนำทั้งหมด

ระบบนิเวศของตัวกลางการแลกเปลี่ยนแบบกระจายศูนย์นั้นใช้โทเค็นสองประเภท: GLP และ GMX โทเค็นแรกทำหน้าที่จัดหาสภาพคล่อง ราคาของ GLP สะท้อนถึงมูลค่าของสินทรัพย์ GMX ทั้งหมด ซึ่งมีการระบุไว้สำหรับการซื้อขายด้วยเลเวอเรจและสวอป กล่าวอีกนัยหนึ่ง GLP เป็นดัชนีของสินทรัพย์ทั้งหมดในตัวกลางการแลกเปลี่ยน GMX เป็นโทเค็นยูทิลิตี้และสิ่งที่ใช้ในการกำกับดูแล

ผู้ใช้สามารถเพิ่มสภาพคล่องได้โดยการสร้าง GLP และในทางกลับกัน พวกเขาจะได้รับผลตอบแทนในจำนวน 70% จากค่าธรรมเนียมทั้งหมดที่สร้างขึ้นบนบล็อกเชนที่เกี่ยวข้อง ไม่เหมือนกับแหล่งสภาพคล่องบางแห่ง เนื่องจาก GLP ไม่มี Impermanent Loss นอกจากนี้ กลุ่ม GLP ยังทำหน้าที่เป็นคู่สัญญาสำหรับเทรดเดอร์อีกด้วย เมื่อผู้ถือโทเค็น GLP จัดหาสภาพคล่องสำหรับการซื้อขายโดยใช้เลเวอเรจ พวกเขาจะได้กำไรเมื่อเทรดเดอร์ขาดทุน และในทางกลับกันก็เป็นไปตามกฏดังกล่าวเช่นกัน

#### หน้าที่เกี่ยวข้อง:

ตรวจสอบ [ข้อมูลเชิงลึกในเรื่อง GMX](https://coinmarketcap.com/alexandria/article/a-deep-dive-into-gmx) จากเรา

เรียนรู้เกี่ยวกับ [dYdX](https://coinmarketcap.com/th/currencies/dydx/) — DEX อนุพันธ์ยอดนิยมอีกตัว

ค้นหาข้อมูลเพิ่มเติมเกี่ยวกับ [Arbitrum](https://coinmarketcap.com/th/currencies/arbitrum/) — โซลูชันการปรับขนาด Ethereum Layer-2 ชั้นนำ

ลองใช้ [Avalanche](https://coinmarketcap.com/th/currencies/avalanche/) — บล็อกเชนที่เข้ากันได้กับ EVM

เรียนรู้เพิ่มเติมเกี่ยวกับ [perpetual contracts](https://coinmarketcap.com/alexandria/glossary/perpetual-contracts) ด้วยอภิธานศัพท์ของ CMC

### มีเหรียญ GMX หมุนเวียนอยู่กี่เหรียญ

ในขณะที่เขียน อุปทานหมุนเวียนของ GMX มีมากกว่า 8.7 ล้านโทเค็น ปริมาณสูงสุดของ GMX ที่มีการคาดการณ์ไว้คือ 13.25 ล้านโทเค็น

รายละเอียดของโทเคโนมิกส์มีดังนี้: GMX จำนวนหกล้านโทเค็นจะถูกจัดสรรเพื่อการย้าย XVIX และ Gambit ส่วน GMX อีกสองล้านจะถูกจับคู่กับ ETH เพื่อการสร้างสภาพคล่องบน Uniswap ในขณะที่ GMX จำนวนสองล้านโทเค็นจะถูกกันไว้สำหรับการได้รับสิทธิ์จากรางวัล Escrowed GMX นอกจากนี้โทเค็น GMX อีกสองล้านโทเค็นก็จะถูกไปยังกองทุนราคาพื้นฐาน ส่วนโทเค็น GMX จำนวน 1 ล้านโทเค็นได้ถูกกำหนดไว้สำหรับการทำการตลาด ความร่วมมือ และนักพัฒนาชุมชน และสุดท้ายโทเค็น GMX จำนวน 250,000 โทเค็นจะถูกใช้เพื่อแจกจ่ายให้กับทีมในรูปแบบเชิงเส้นเป็นระยะเวลา 2 ปี

### GMX Network มีความปลอดภัยอย่างไร

GMX อยู่บน Arbitrum และ Avalanche blockchain

Arbitrum เป็นบล็อกเชนเลเยอร์ 2 ที่ได้รับการรักษาความปลอดภัยจากเครือข่าย Ethereum ผ่านกลไกฉันทามิติและข้อสรุปสำหรับการทำธุรกรรมโดยอนุญาโตตุลาการ กล่าวอีกนัยหนึ่ง Ethereum จะรับประกันความถูกต้องจากการคำนวนแบบบ off-chain ของ rollup และข้อมูลความพร้อมใช้งานซึ่งอยู่เบื้องหลังการคำนวณนั่นเอง

กลไกฉันทามติของ Avalanche นั้นแตกต่างจากกลไกฉันทามติ Proof-of-work หรือ Proof-of-stake เนื่องจากกลไกของ Avalanche ไม่มีผู้นำในการประมวลผลการทำธุรกรรมที่ได้รับการตรวจสอบโดยผู้อื่น โหนดทั้งหมดจะประมวลผลและตรวจสอบความถูกต้องของธุรกรรมโดยใช้โปรโตคอล Acyclic graph (DAG) ด้วยวิธีนี้ ธุรกรรมจะได้รับการประมวลผลพร้อมกัน และการสุ่มสำรวจของผู้ตรวจสอบความถูกต้องจะช่วยให้มั่นใจว่าธุรกรรมนั้นถูกต้องจากค่าทางสถิติ กลไกฉันทามตินี้ไม่มีบล็อก ทำให้สามารถสรุปผลได้ทันทีและปรับปรุงความเร็วของบล็อคเชนได้อย่างมีนัยสำคัญ

สัญญาของ GMX ยังได้รับการตรวจสอบโดย ABDK Consulting และมีค่าบั๊กที่ใช้งานอยู่สำหรับ GMX บน Immunefi

### คุณสามารถซื้อ GMX ได้จากที่ไหน

GMX มีให้บริการในตัวกลางการแลกเปลี่ยนคริปโตเคอร์เรนซีหลากหลายแห่ง รวมถึง [Binance](https://coinmarketcap.com/th/exchanges/binance/), [KuCoin](https://coinmarketcap.com/th/exchanges/kucoin/) และ [Kraken](https://coinmarketcap.com/th/exchanges/kraken/)

ต้องการติดตามราคาของ GMX ในแบบเรียลไทม์หรือไม่ ดาวน์โหลด [CMC mobile app](https://coinmarketcap.com/mobile/) เพื่อติดตามราคาของ GMX, BTC และคริปโตเคอร์เรนซีอื่น ๆ แบบเรียลไทม์

Avalanche C-Chain

Avalanche

Coq Inu

Pangolin

BENQI

Snowball

AVALOX

Platypus Finance

Kalao

Kimbo

OpenBlox

Wrapped AVAX

MetaMUI

Shrapnel

BENQI Liquid Staked AVAX

Nitro Network

PointPay

Gamer Arena

ROCO FINANCE

Islander

Gains Network

Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.

Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.

Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.

The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.

Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana.

Lido DAO

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.

Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

Optimism

The Frax Protocol is the first fractional-algorithmic stablecoin system. Frax is open-source, permissionless, and entirely on-chain – currently implemented on Ethereum (with possible cross chain implementations in the future). The end goal of the Frax protocol is to provide a highly scalable, decentralized, algorithmic money in place of fixed-supply digital assets like BTC. The protocol incorporates the following concepts:

Fractional-Algorithmic – Frax is a unique stablecoin with parts of its supply backed by collateral and parts of the supply algorithmic. The ratio of collateralized and algorithmic depends on the market's pricing of the FRAX stablecoin. If FRAX is trading at above $1, the protocol decreases the collateral ratio. If FRAX is trading at under $1, the protocol increases the collateral ratio.

Decentralized & Governance-minimized – Community governed and emphasizing a highly autonomous, algorithmic approach with no active management.

Fully on-chain oracles – Frax v1 uses Uniswap (ETH, USDT, USDC time-weighted average prices) and Chainlink (USD price) oracles.

Two Tokens – FRAX is the stablecoin targeting a tight band around $1/coin. Frax Shares (FXS) is the governance token which accrues fees, seigniorage revenue, and excess collateral value.

Before Frax, stablecoins were divided into three different categories: fiat collateralized, overcollateralized with cryptocurrency, and algorithmic with no collateral. Frax is the first kind of decentralized stablecoin to classify itself as fractional-algorithmic ushering in the 4th and most unique category.

Frax Share

Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security.

Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike.

Immutable

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Synthetix

Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.

Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.

Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (10,000+ TPS).

The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.

Injective’s core exchange module provides state-of-the-art capabilities including an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users.

Injective natively uses IBC and is highly-interoperable with multiple layer 1s, including, but not limited to, Polygon and Solana (through an upcoming Wormhole integration). It is also uniquely built to be interoperable with Ethereum, through its own decentralized ERC-20 token bridge, making Injective the first network within the Cosmos ecosystem to natively support Ethereum assets.

Smart contracts are implemented on Injective through CosmWasm, allowing for multi-chain smart contract transactions to occur seamlessly. Injective, however, is the only blockchain that enables automatic smart contract execution. This capability serves as a powerful building block for developers to create novel use cases that would not be possible on any other chain.

The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Further details regarding each of these use cases can be found below:

Protocol Governance: The INJ token governs every single component of Injective, including chain upgrades. Since its mainnet launch, the Injective community has actively contributed to governance, with all proposals passing through a DAO governance vote. The comprehensive governance page is available here.

Protocol Fee Value Capture: 60% of all fees generated from dApps enter an on-chain buy-back-and-burn auction to maintain the deflationary nature of INJ. The burn auction page is available here.

Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure the Injective blockchain using a proof-of-stake mechanism. Validators and delegators can both participate in staking.

Developer Incentives: 40% of fees generated by users on dApps built on Injective go directly towards incentivizing new developers building on Injective which brings an ever growing funnel of builders to Injective.

Injective

Arbitrum is an Ethereum layer-two (L2) scaling solution. It uses optimistic rollups to achieve its goal of improving speed, scalability and cost-efficiency on Ethereum. Arbitrum benefits from the security and compatibility of Ethereum. Another benefit is the higher throughput and lower fees compared to Ethereum. That is made possible thanks to moving most of the computation and storage load off-chain.

Arbitrum’s native token is called ARB and is used for governance. Offchain Labs, the developers behind Arbitrum, announced the shift to a decentralized autonomous organization (DAO) structure — the Arbitrum DAO. ARB holders can vote on proposals that affect the features, protocol upgrades, funds allocation and election of a Security Council.

Arbitrum has an ambitious roadmap for 2023, which includes: Launching its own layer-three solution called Orbit; Enabling developers to deploy programs written in popular programming languages like Rust, C++, and more using Stylus; Expanding its validator set to include more independent institutional validators; Moving its protocol to layer two with Arbitrum One.

On March 16, 2023,  Arbitrum announced their highly anticipated airdrop of ARB. The token will be airdropped to early users and DAOs building on Arbitrum, with 12.75% of the total supply to be distributed. Recipients were rewarded on a point-based system depending on their interaction with the Arbitrum network until a cutoff date of March 1, 2023. The token generation event is on March 23, 2023.

Arbitrum

Ethereum-based DYDX ($ethDYDX) is a governance token that allows the dYdX community to truly govern the dYdX Layer 2 Protocol built on Ethereum ("dYdX v3"). ethDYDX is currently undergoing a migration from Ethereum to the dYdX Chain. More information is available here. If you want to migrate ethDYDX to dYdX Chain DYDX, to enable staking, security and governance of the dYdX Chain you can follow the how-to-bridge guide here.

If you want to read about the new token utility for dYdX Chain DYDX you can read the blog here

ethDYDX (dYdX) is the governance token for the layer 2 protocol built on Ethereum. By enabling shared control of dYdX v3, ethDYDX allows traders, liquidity providers, and partners of dYdX to work collectively towards an enhanced dYdX v3.

Built on StarkWare’s StarkEx scalability engine, layer 2 is used for trading of cross-margined perpetuals on the platform. The scaling solution allows dYdX to increase transaction speed, eliminate gas costs, reduce trading fees and lower​​ minimum trade sizes on the protocol.

A total of 1,000,000,000 ethDYDX have been minted, and started to become accessible over five (5) years, on August 3rd, 2021, at 15:00:00 UTC.

dYdX (ethDYDX)

Radiant Capital

MAGIC is the utility token that connects gaming communities in the Treasure Metaverse: a decentralized NFT ecosystem which sits on Arbitrum, one of Ethereum’s Layer 2 scaling solutions.

MAGIC is a cross-game currency that connects games, players, metaverses, and communities, all within Web 3.0. The token was launched in September 2021 so its community could buy and sell in-game NFTs on Treasure. It also acts as a reserve currency for Treasure’s metaverse.

Players can earn MAGIC tokens by gaming, mining, and participating in Bridgeworld, Treasure’s flagship game. Treasure now hosts twelve other games on its platform, some of which allow you to use and generate MAGIC tokens like in Bridgeworld. These include Beacon, a free-to-play fantasy action rogue-lite RPG; and Realm, a world-building and exploration game.

Treasure

Pendle

Aave

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards.

Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

Rocket Pool

SingularityNET is a blockchain-powered platform that allows anybody to easily "create, share, and monetize" AI services, thanks to its globally-accessible AI marketplace.

Through the SingularityNET marketplace, users can browse, test and purchase a huge variety of AI services using the platform’s native utility token — AGIX. Moreover, the marketplace represents an outlet AI developers can use to publish and sell their AI tools, and easily track their performance.

With the benefits of LLMs and generative AI are increasingly exciting, their limitations are also becoming increasingly apparent. The convergence of structured knowledge with neural networks is emerging as the key to overcoming their shortcomings.

Uniquely positioned at the heart of this convergence, SingularityNET will prioritize the integration of Knowledge Graphs (KGs) and comprehensive Neural Symbolic tools for LLMs, with the goal of empowering developers to create the next generation of AI systems on the SingularityNET Platform.

SingularityNET is strategically positioned to become the Knowledge Layer of the Internet, leading the evolution of the emerging AI landscape while also laying the foundations for the Artificial General Intelligence (AGI) of tomorrow.

The team behind SingularityNET pioneered the development of an AI known as Sophia, which is described as the "world's most expressive robot". SingularityNET’s goal is to enable Sophia to be able to fully understand human language, and continue developing “OpenCog” — an AI framework that is hoped to eventually achieve a state known as “advanced general intelligence,” i.e. human-level artificial intelligence (or beyond).

The platform was first announced in 2017 and completed an initial coin offering (ICO) in December the same year, raising $36 million in just one minute.

SingularityNET

Celestia

Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as "a collectively owned hard drive that never forgets," the network primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms.

To learn more about this project, check out our deep dive of Arweave.

The Arweave network uses a native cryptocurrency, AR, to pay "miners" to indefinitely store the network's information.

The project was first announced as Archain in August 2017, later rebranding to Arweave in February 2018 and officially launching in June 2018.

Arweave

RenderToken (RNDR) is a distributed GPU rendering network built on top of the Ethereum blockchain, aiming to connect artists and studios in need of GPU compute power with mining partners willing to rent their GPU capabilities out. Conceived in 2009 by OTOY, inc. CEO Jules Urbach and launched in 2017, RNDR held its first public token sale in October of that same year, followed by a private sale period lasting from January 2018 – May 2018, wherein a total of 117,843,239 RNDR were sold at a price of 1 RNDR = $0.25 USD equivalent of token.
During the private sale period, early adopters were onboarded onto the RNDR Beta Testnet, where beta node operators and artists worked collaboratively with the RNDR team in building and testing the network, up until its public launch on April 27th 2020.

Render

Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain that employs a novel smart contract programming language called Move, a Rust-based programming language that was independently developed by Meta (formerly Facebook)’s Diem blockchain engineers.

Aptos’s vision is a blockchain that brings mainstream adoption to web3 and empowers an ecosystem of DApps to solve real-world user problems.

The PoS blockchain can achieve a theoretical transaction throughput of over 150,000 transactions per second (tps) through parallel execution.

In March 2022, Aptos raised $200 million in a seed round led by the venture capital firm Andreessen Horowitz (a16z). Other crypto heavyweights like Tiger Global and Multicoin Capital took part in the funding round. Fast forward to July, the startup raised another $200 million in a Series A round with participation from Dragonfly, Apollo Global, Franklin Templeton, Animoca, Jump Crypto and others.

Two months later, Binance Labs made a strategic investment of an undisclosed amount in Aptos.

On Oct. 18, 2022, Aptos announced the mainnet launch, while the Aptos genesis occurred on Oct. 12, 2022.

Aptos

Illuvium is an open-world fantasy battle game built on the Ethereum blockchain. Often touted as the first AAA game on Ethereum, Illuvium looks to provide a source of entertainment to both casual gamers and hardcore DeFi fans through a range of collecting and trading features.

To learn more about this project, check out our deep dive of Illuvium.

The world of Illuvium is inhabited by creatures known as Illuvials, who can be captured by players that best them in battle and nurse them back to health. From then on, they become a loyal part of the player’s collection and can be used when battling other adventurers as part of Illuvium’s auto battler gameplay.

The game is a fusion between an open-world exploration game and a PVP battle game. Players can spend their time exploring the expanses of the game world or building up their team of powerful beasts.

Illuvium has been in development since 2020, and is being built by a worldwide team of more than 40 individuals, including the co-founders; serial entrepreneur and early cryptocurrency adopter Kieran Warwick, and experienced game designer Aaron Warwick, who are brothers. (And who are coincidentally also the brothers of Kain Warwick, the co-founder of DeFi platform Synthetix).

The ILV token has a number of uses within the Illuvium ecosystem. It’s the main token used to reward players for their in-game achievements, entitles players to their share of the Illuvium Vault and is used for participating in the governance of the game via the Illuvium decentralized autonomous organization (DAO).