Cointime

Cointime

Download App
iOS & Android

KYVE’s Post Mainnet Scorecard Show Protocol Steadily Progressing

Validated Project

Web3 is booming, and Arweave is becoming a popular infrastructure choice for developers. PermaDAO is a community where everyone can contribute to the Arweave ecosystem. It's a place to propose and tackle tasks related to Arweave, with the support and feedback of the entire community. Join PermaDAO and help shape Web3!

Author: Adeola @ Contributor of PermaDAO

Reviewer: Xiaosong HU Contributor of PermaDAO

Six months after launching mainnet, KYVE, a protocol that enables access to on- and off-chain data using tools for decentralized data validation, immutability and retrieval has released its scorecard showing a project pushing steadily to success.

KYVE has three operational data pools including Cosmos, an interchain service provider; Osmosis, an automated money maker; Archway, a incentivized smart contract chain. Validated data are stored in data pools. Data pools are part of the protocol layer (one of two layers that make up KYVE’s own DPoS layer 1 blockchain) where validators collect data from a source, bundle and upload to a storage and validate it.

The network has also said that it was working to add more blockchains to its pool. Last week, KYVE’s co-founder Fabian Riewe said during an X space with the network would add bitcoin to its data pool.

KYVE has also seen an increase in validators participating in its mainnet. It said there are over 200 validators, giving more details that 100 are active consensus validators and 59 are active protocol validators with 90 inactive ones. While consensus validators operate in the Cosmos proof of stake blockchain and one of their tasks is keeping track of the data pools, protocol validators connect to data pools, upload, validate data from data sources and archiving.

“These validators are what make KYVE turn…Keep running,” KYVE stated.

Transactions in the last six months were 3.8 million, signalling that the protocol’s offerings have high demand in the Web3 space. It also revealed that there are 75,000 bundles created on KYVE that are 99.7 percent valid. Bundles small segments of the data sources (or pools) being archived which are uploaded by the KYVE protocol validators to Arweave. Asset amount deposited by liquidity providers or total value locked is 5.6 million $KYVE.

On what should be expected from KYVE in the third and fourth quarter of 2023, the protocol will be upgraded to version 1.3 and 1.4. It plans to improve devnet, deploy more ELT Data Pipelines and implement Twilight support.

  🔗 More about PermaDAO ：Website | Twitter | Telegram | Discord | Medium | Youtube

Comments

All Comments

Recommended for you

  • FTC Requests Documents from Anthropic and OpenAI

    On October 15, according to Axios: The U.S. Federal Trade Commission (FTC) has requested documents related to the incident from Anthropic and OpenAI. The FTC issued a civil subpoena to the AI companies on Wednesday.

  • Cook: Apple AI Approved in China, Testing Version Launching Late October

    On October 15, Apple CEO Tim Cook revealed in an interview in Shanghai that Apple AI has been approved in China. A testing version will be launched later in October, featuring initial functions such as real-time translation, writing assistance, and image removal, while Siri AI will not be included.

  • UBS: Fed Expected to Raise Rates for the Third Time in March 2027

    On October 15, UBS stated that it expects the Federal Reserve to implement its third rate hike in March 2027, revising its previous forecast that the rate hike cycle would conclude in December.

  • BTC Surpasses $81,000

    Market data shows that BTC has surpassed $81,000, currently priced at $81,002, with a 24-hour decline of 2.94%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Spot Bitcoin ETF Sees $261.4 Million Net Outflow Yesterday

    On October 15, according to monitoring data from Farside Investors, the US spot Bitcoin ETF experienced a net outflow of $261.4 million yesterday.

  • Over $476 Million Liquidated in the Last Hour, Primarily Long Positions

    Data shows that in the past hour, a total of $476 million was liquidated across the network, with long positions accounting for $457 million and short positions for $19.7945 million, primarily affecting long positions. Among these, $200 million in ETH and $116 million in BTC were liquidated.

  • ETH Falls Below $2400

    Market data shows that ETH has fallen below $2400, currently priced at $2395.62, with a 24-hour decline of 4.47%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Drops Below $81,000

    Market data shows that BTC has fallen below $81,000, currently priced at $80,989.9, with a 24-hour decline of 2.87%. The market is experiencing significant volatility, so please ensure proper risk management.

  • US Considers Easing Sanctions on Shadow Fleet to Lower Shipping Rates

    On October 15, a US official stated on Wednesday that the Trump administration is considering easing sanctions on vessels known as the 'shadow fleet.' These ships have previously transported oil and petroleum products from countries such as Russia, Iran, and Venezuela. This move aims to reduce the currently historically high global shipping rates. Shortly before this, President Trump had temporarily lifted sanctions on Russian diesel, a decision that drew strong criticism from Ukrainian President Zelensky, several European governments, and some Republican senators. The US official revealed that current discussions focus on whether the US will allow previously sanctioned vessels to transport 'legitimate oil.' Here, 'legitimate oil' refers to crude oil or petroleum products not subject to US sanctions, rather than oil from Russia and Iran that is under sanctions. The official stated that this move aims to facilitate the export of more refined products and crude oil from the Gulf region.

  • Dollar Index Erases All Gains Since CPI Report Release

    On October 15, the Dollar Index (DXY) slowly declined in the Asian session, completely erasing all gains since the release of the U.S. September CPI data yesterday (which had peaked with a cumulative increase of about 70 points), now reported at 102.16. The British Pound against the U.S. Dollar (GBP/USD) and the Euro against the U.S. Dollar (EUR/USD) both rose about 0.3%, currently reported at 1.3231 and 1.1197, respectively. (Jin10)

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company