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Taraxa Progress Update: August, 2024

State of the network as of September 2, 2024:

  • 2.1 billion TARA staked and delegated

  • 66 active consensus nodes on the Mainnet

  • 2,384 active consensus nodes on the Testnet

  • 13,182 unique wallet addresses on the Mainnet

Ecosystem Highlights:

  • Taraxa’s Ficus Root Bridge successfully launched in August, 2024! This enables cross-chain transfers of assets, data, and enables subGraphs in the future on Taraxa!

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  • Taraxa’s Ficus Root Bridge’s audit report by Trail of Bits was published, giving the community full transparency into the security guarantees of the bridge.

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  • Taraxa completed its rebranding, bringing with it not just a new logo but a modernized look & feel to help enhance user experiences in the Taraxa community.

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  • LARA, a liquid staking Taraxa ecosystem project, completed its very successful pre-sale in August, 2024, and launched its first trading pair on HerbSwap. The liquid staking protocol will become functional very soon!

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  • TradingStrategy enters the Taraxa ecosystem by partnering with trendSpotter — a set of automated trading strategies built on top of Echo — by providing access to assets on DEXs across numerous decentralized ecosystems, check out the AMA recording.

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  • FusySwap, a DEX in the Taraxa ecosystem, launched in August, 2024 with v2 Uniswap pools and an ERC-20 launchpad. They’re currently working to optimize their front-end user experience, but feel free to check them out!

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🪁 Keeping up with the latest in Taraxa

Stay tuned! 🪁

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