![]() Polkadot’s DeFi community also got a big boost this year with the integration of the Tether (USDt) stablecoin ↗, the announcement that USDC ↗ is also coming to Polkadot, and the launch of the Equilibrium ↗ and Polkadex ↗ decentralized exchanges. Moonsama also integrated KILT’s SocialKYC for decentralized user logins, and KILT became the first parachain to migrate from Kusama to Polkadot. Polkadot’s identity parachain KILT Protocol is also seeing some highly impactful adoption via partnerships with dena ↗, the German ministry of energy, and Energy Web, a Polkadot ecosystem project creating an identity registry for Germany’s energy market. The music industry is also seeing some crucial innovation on Polkadot with Public Pressure, which offers a music NFT marketplace ↗ and saw $2m in revenues in a matter of days after launching. This technology is essential for building a better, more secure web that keeps sensitive information private, and will allow other builders within the ecosystem to leverage its privacy-preserving features.Ģ022 also saw an announcement that Project Liberty’s DSNP ↗ (Decentralized Social Networking Protocol) will be deployed to Polkadot first, enabling a new era of social media where users control their own data, identities, and connections, a crucial need for Web3. ![]() Privacy hub parachain Manta Network is set to have the world’s largest trusted setup in the history of zero-knowledge technology with over 13,000 participants from 177 countries. Some of the major ecosystem adoption breakthroughs this year include smart contract parachain Astar partnering with NTT Docomo ↗, Japan’s largest mobile phone operator, on a $4b investment to promote Web3 adoption, and NFT parachain Efinity partnering with gaming giant Square Enix ↗ on Polkadot-powered NFTs for Final Fantasy, one of the top games of all time.Ĭentrifuge, a parachain leading the onboarding of real-world assets into on-chain DeFi, is leading the largest investment in bringing real-world assets on chain to date with a $220m fund ↗, after securing an investment from Coinbase. ![]() While Polkadot ecosystem teams are certainly leading the industry forward with bleeding edge DeFi and NFT primitives, Polkadot parachains and dapps span the full spectrum of what’s possible with blockchain technology, from use cases for social media to supply chain, identity, gaming, tokenized real-world assets, carbon credits, privacy, robotics, IoT, and much more. ![]() With such a diverse ecosystem, Polkadot has demonstrated to the world that Web3 is about way more than just DeFi and NFT use cases. Over 130 million DOT and nearly 300,000 KSM have been lent by the Polkadot community through crowdloans to support parachains’ auction bids, a massive show of confidence in the future of the Polkadot ecosystem. In total, around 550 projects are either launched or under development for Polkadot, a rather impressive start in the network’s first full year with live parachains.Īt the time of writing, more than 200 teams have either launched or are building a purpose-built blockchain on Polkadot’s technology stack, recognizing that this model better suits their needs than a smart contract solution, and that Polkadot provides a shorter time to market and a lower cost for building one, as well as the upgradeability and interoperability needed for constant innovation. To date, 74 parachains have won an auction on Polkadot or Kusama, and are already supporting an ecosystem of well over 300 unstoppable applications according to best estimates. In just over 1 year since the launch of parachains in late 2021, Polkadot has become the largest and most diverse ecosystem of purpose-built layer-1 blockchains and apps, and the only one fully secured by a shared, network-wide validator set and benefiting from secure, trustless cross-chain interoperability. The Polkadot community is no stranger to delivering great technology through difficult years, and 2022 was certainly no exception. With enough happening in the Polkadot ecosystem in 2022 to practically fill a book, it’s no easy task to sum up the past year of activity around the core technology and broader community, but as we move forward into 2023 let’s look back at some of the most important trends and milestones for Polkadot in 2022. This year, while the industry slid headlong into yet another crypto winter, the Polkadot community was busy building and launching the largest and most diverse ecosystem of layer-1 blockchains in the world, with several core technologies rolled out to propel the ecosystem forward into 2023.
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