Taiko’s First 90 Days: Milestones and Future Plans

Taiko,
a
pioneering
Ethereum-based
rollup,
has
marked
its
90-day
milestone
since
the
launch
of
its
mainnet,
achieving
significant
advancements
in
the
blockchain
space.
According
to

taiko.mirror.xyz,
the
platform
has
not
only
reached
remarkable
milestones
but
also
reshaped
the
Ethereum
community’s
perception
of
rollups.

Explosive
Growth
in
Network
Activity

In
just
three
months,
Taiko’s
mainnet
engagement
has
exceeded
110
million
transactions,
setting
a
new
record
in
the
crypto
environment.
The
network
has
also
seen
an
impressive
rise
in
daily
transactions,
hitting
2.2
million,
which
underscores
its
robust
capacity
and
growing
adoption.
Additionally,
Taiko
has
attracted
over
1.2
million
unique
wallet
addresses,
highlighting
strong
user
interest
and
engagement.

Profitable
Decentralization

Taiko
has
proven
that
decentralized,
permissionless
rollups
can
be
profitable,
challenging
the
current
understanding
of
Ethereum
and
opening
new
possibilities
for
scaling
solutions.
This
milestone
is
expected
to
have
a
lasting
impact
on
how
Ethereum
and
rollups
are
perceived
in
the
blockchain
community.

Ecosystem
Growth

Since
its
mainnet
launch,
Taiko
has
successfully
onboarded
over
100
decentralized
applications
(dApps)
into
its
ecosystem,
driving
increased
activity
and
value
locked.
The
DeFi
ecosystem
on
Taiko
has
shown
robust
growth,
with
several
decentralized
exchanges,
lending
platforms,
and
derivatives
now
available
on
the
network.
Notable
integrations
include
DEXs
like
Oku
Trade
and
iZiswap,
lending
platforms
like
Meridian
Lending,
and
cross-chain
solutions
like
Symbiosis
and
XY
Finance.

Technical
Advancements

Taiko
has
made
significant
technical
advancements,
including
a
30%
reduction
in
the
TaikoL1
contract’s
gas
costs,
enhancing
proposer
profitability.
The
platform
has
also
reduced
the
liveness
bond
and
SGX
proofs’
validity
and
contestation
bond
by
50%,
allowing
more
participants
in
Taiko’s
permissionless
transaction
sequencing
with
lower
capital
costs.

Looking
Ahead:
The
Ontake
Fork
and
Beyond

Taiko
is
set
to
introduce
several
protocol
improvements,
including
the
much-anticipated
Ontake
fork,
which
aims
to
enhance
the
platform’s
capabilities.
The
Ontake
fork
will
pilot
DAO
governance
on
the
testnet,
paving
the
way
for
community-driven
decision-making.
Additionally,
Taiko
plans
to
introduce
Based
Booster
Rollups
(BBRs)
to
address
fragmentation
challenges
by
enabling
seamless
transactions
across
various
Layer
2
solutions
within
the
booster
network.

Ongoing
Initiatives

Taiko
is
driving
several
initiatives
to
strengthen
its
ecosystem,
including
a
grants
program,
the
Trailblazers
Program,
hackathons,
educational
content,
and
user
experience
improvements.
The
grants
program
has
seen
tremendous
growth
since
its
July
2023
launch,
with
a
$30
million
commitment
supporting
54
projects
in
its
second
cycle.
The
Trailblazers
Program
and
various
hackathons
aim
to
boost
user
adoption
and
developer
engagement.

The
past
90
days
have
been
extraordinary
for
Taiko,
but
this
is
just
the
beginning.
As
the
platform
continues
to
push
the
boundaries
of
Ethereum
scaling,
it
invites
the
community,
developers,
and
partners
to
join
in
this
exciting
journey.

Image
source:
Shutterstock