Web3🌑Friday Marvels: Solana Fixes, PUPS Buzz, Metacade Revolution, TON Telegram Venture

In the rapidly evolving landscape of Web3 technologies, Fridays bring forth a cascade of groundbreaking developments. From proposed solutions to blockchain congestion to the meteoric rise of meme coins and the transformative potential of Web3 gaming, today's highlights promise to reshape the digital realm. Additionally, a strategic partnership between the TON Foundation and HashKey Group sets the stage for streamlined crypto on-ramping within the Telegram ecosystem. Let's delve into the intricate tapestry of innovations unraveling in the world of Web3, where each advancement marks a significant stride toward a decentralized future. Join us as we navigate through the latest revelations in blockchain technology and explore the profound impact they hold for enthusiasts and stakeholders alike.

1. Anza proposes Solana congestion fixes, urging validator upgrades on testnet.

Solana's validator client team, Anza, has rolled out congestion fixes in version 1.18.11 on devnet, calling on testnet validators to implement and evaluate its efficacy. Rapid adoption is crucial to assess the impact before deployment on the mainnet. Solana has grappled with congestion, primarily due to spam transactions, resulting in slower processing and increased drop rates, affecting user experience. Solana's direct transaction processing sans a mempool adds complexity. Anza focuses on specific QUIC implementation issues. Phantom, a widely-used Solana wallet, notes significant transaction success rate improvements pre-patch. Nearly 90% success rates signify substantial enhancement from previous weeks. The community eagerly awaits the fixes' deployment, anticipating smoother transaction processing and enhanced network performance.

Anza releases proposed Solana congestion fixes on devnet

The Solana-based development team Anza deployed a network congestion fix in version 1.18.11 on a devnet and urged validators to upgrade.

The Block[email protected]

2. Bitcoin Meme Coin PUPS gains momentum pre-Runes release.

Bitcoin meme coin PUPS surged 50% due to excitement over the forthcoming Runes protocol by Bitcoin developer Casey Rodarmor. PUPS, trading at $66 with a $516 million market cap, ranks as the third-largest Bitcoin-based token. It dominates global NFT sales, surpassing $11 million in volumes. Runes, set to launch after Bitcoin's halving, promises cheaper and faster transactions, fueling traders' anticipation. Developed for meme coins, Runes is hailed for its simplicity, efficiency, and security, challenging competitors like Taproot Assets and RGB. Rodarmor's endorsement further solidifies Runes' credibility, suggesting seamless integration with the ordinals library for encoding and decoding runestones.

Bitcoin Meme Coin PUPS Fuelled by Hype Ahead of Runes Release

Ordinals and Runes are both projects by long-time Bitcoin developer Casey Rodarmor, which has created trust and lent an idea of authenticity among users.

CoinDeskShaurya Malwa

3. Metacade revolutionizes Web3 gaming with multi-chain integration.

Metacade revolutionizes blockchain gaming by integrating multi-chains, breaking barriers of fragmentation. This advancement ensures universal application reach, empowering developers across diverse chains. The swift integration with Base Layer 2 Rollup within 12 hours underscores Metacade's technical proficiency and commitment to excellence. CEO Russell Bennett emphasizes the importance of adaptable infrastructure, acknowledging the critical role of blockchain solutions in game development. This multi-chain approach not only prioritizes scalability for partners but also ensures platform security through an optimistic-based rollup. Metacade's vision of a unified Web3 gaming platform fosters inclusivity and economic opportunities for both developers and players.

Metacade Unchains Web3 Gaming: Multi-Chain Integration Unites the Industry - Decrypt

Metacade, the leading blockchain gaming platform, takes a monumental leap forward with the integration of multi-chains into its ecosystem.

DecryptChainwire

4. TON Foundation partners with HashKey for Telegram crypto on-ramping.

In a strategic move, HashKey Group and the TON Foundation have forged a partnership, initially targeting Hong Kong with plans for broader Asia-Pacific expansion. The collaboration aims to enhance crypto and fiat on/off-ramping services for users, particularly those utilizing Telegram's messaging app.

Originally conceived as a Telegram project in 2018, the TON blockchain transitioned to community stewardship after regulatory challenges prompted Telegram's withdrawal. Now under the TON Foundation's purview, the partnership with HashKey signifies a concerted effort to revitalize and expand the TON ecosystem.

Although Toncoin, TON's native token, registered a modest 1.7% increase post-announcement, it remains relatively stable amidst the broader market's fluctuation. This collaboration highlights HashKey and the TON Foundation's commitment to providing robust infrastructure and accessibility for users in the rapidly evolving Asia-Pacific crypto landscape.

TON Foundation Teams Up With HashKey to Drive Crypto On-Ramping in Telegram

HashKey and the Foundation are focussing their partnership on Hong Kong in the first phase

CoinDeskJamie Crawley

As we bid farewell to today's highlights, let's remain vigilant in our exploration of the ever-evolving Web3 space, where each revelation brings us closer to a decentralized and interconnected future. Stay tuned for more insights, trends, and breakthroughs in the fascinating world of Web3.

WEB3 AI ML