Chain Abstraction is NEAR ๐
: The Monolithic *and* Modular Thesis
#NEARcon2023 saw a string of announcements pointing to NEAR's new direction with @0xPolygonLabs zkWASM, NEAR DA, account aggregation, and Fast Finality with @eigenlayer
You may ask, "where is NEAR headed?"
๐ฐ The Monolithic
On the one hand, NEAR continues as a full stack Layer 1 where execution, data availabilty, and settlement all happen within itself & scales via sharding and storage.
NEAR native dApps such as @SweatEconomy and @finance_ref utilize the total stack
Now, on top of that, NEAR emerges as a modular tech stack to scale Ethereum.
At each layer - interface, execution, data availability, settlement - NEAR offers the Ethereum ecosystem something to leverage in order to improve speed, costs, and usability.
1/ $NEAR: Positioned To Become The Leading Orderbook Chain
A thread ๐งต
2/ This thread aims to briefly introduce our next in-depth article about:
- DEX Orderbooks
- How Orderbooks can leverage $NEAR's tech, architecture and features
- The 3 main Orderbooks building on $NEAR: @OrderlyNetwork, @spin_fi and @tonicdex
Ref, the first AMM, reached 134 unique trading pairs with the $SKYWARD <> $NEAR pair becoming the first to reach $1 million in liquidity. This is without any liquidity incentives
The Ref DAO recently formed, and successfully passed their first proposal: gov.ref.finance
@skywardfinance, a price discovery auction protocol, completed the $SKYWARD auction, with participation from > 1000 users and 1.2 million $NEAR staked