Blockchain

Dune Becomes the Most Comprehensive Onchain Data Hub for Polkadot’s 50+ Parachains

Boston, Mass, September 11th, 2024, Chainwire

 

New Integration Expands Dune’s Coverage Across the Entire Polkadot Ecosystem, Delivering Unmatched Onchain Analytics

Zurg, Switzerland, September 11th 2024 Dune, the leading platform for onchain analytics, announces the integration of 50+ parachains from the Polkadot ecosystem. With this expansion, Dune solidifies its position as the most comprehensive data hub for Polkadot, offering unparalleled insights and analytics for developers, investors, and data enthusiasts alike.

Earlier this year, Dune launched support for Polkadot, Kusama, and six parachains. Now, the platform takes a major step forward by expanding coverage to include the entire Polkadot ecosystem. This integration enables users to explore, analyze, and visualize all onchain activities across Polkadot in real time, making Dune the go-to destination for data-driven decision-making.

Polkadot’s ecosystem, known for its diverse and innovative parachains, generates a vast amount of data. Navigating this complex network can be a challenge. Dune’s expanded support simplifies access to crucial onchain data, empowering users to gain deeper insights into Polkadot’s dynamic ecosystem.

The newly integrated parachains include Moonbeam, which specializes in smart contracts and cross-chain DeFi; Acala, known as Polkadot’s hub for decentralized finance; Phala, which focuses on privacy-first DePIN and AI solutions; and Mythos, a protocol bringing AAA decentralized gaming and hugely popular franchises to Polkadot. These integrations, along with dozens of others, position Dune as the most expansive source for Polkadot’s onchain analytics, allowing users to track transaction flows, analyze DeFi activity, and monitor developments in gaming and NFTs—all within a single, comprehensive platform.

FredrikHaga, CEO of Dune shared, “Polkadot and its Substrate-based chains form a vast and complex ecosystem. With this integration of 50+ parachains, our goal is to make that complexity easier to navigate. We want to give people a clear, accessible view of what’s happening across the network, so they can focus on innovation and building with confidence.”

This milestone integration was achieved through Dune’s partnership with Colorful Notion. Together, the teams developed a streamlined process for integrating new parachains, ensuring Dune’s data remains comprehensive, accurate, and reliable.

Dune’s integration also includes enhanced functionality through the Dune API, allowing users to convert any query into a flexible API endpoint. This feature offers greater flexibility for developers and analysts, enabling them to seamlessly incorporate Dune’s data into their own applications.

To learn more about the latest Polkadot integrations, readers can visit Dune’s Polkadot Analytics.

About Dune 

Dune is a leading data analytics platform that democratizes access to onchain data by enabling users to query, visualize, and share insights across various blockchains. With over 700,000 community-contributed data tables, Dune supports comprehensive analysis of tokens, wallets, protocols, and more. The platform’s recent launch of the Dune API extends its capabilities for automated reporting, alerting, and integration into user applications.

For more information, readers can visit https://dune.com/home

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, you’re not just a participant, you’re a co-creator with the power to shape its future.

 

Contact

Jonathan Duran
jonathan@distractive.xyz

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Bybit's bbSOL Hit $5m in Total Value Locked Within First 24h and Gets an APY Boost

2024-09-19T14:02:52Z

DUBAI, United Arab Emirates, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Bybit, the world’s second-largest crypto exchange by trading volume, is making waves with its own SOL-based Liquid Staking Token (LST) in the global race to reinvent yield on Solana. 

Bybit Web3 announced a renewed APY boost of up to 20% for a limited time from Sep. 19. This innovative liquid staking model, available exclusively on Bybit, enables users to seamlessly access Solana’s rapidly expanding ecosystem while earning staking rewards in Bybit Web3.

Since its launch on Sep.5, bbSOL, has demonstrated the immense potential of this next-generation staking solution, bridging between mainstream users on exchange platforms and the Solana ecosystem. Surpassing $5 million in Total Value Locked (TVL) within 24 hours upon launch, bbSOL has doubled the TLV benchmark since then hitting eight digits. 

“We are encouraged by the love for bbSOL. It truly speaks to the global crypto community’s excitement about the future of Solana. In coming months, Bybit and our partners will be activating a series of campaigns, yield opportunities and liquidity protocols to show our appreciation for the bbSOL community,” said Emily Bao, Web3 Evangelist at Bybit. 

Good for the portfolio, good for Solana
At the forefront of CeDeFi connectivity, Bybit Web3 has first-mover advantage as a major player to bridge centralized and decentralized finance for global users. Through bbSOL, Bybit is pushing the boundaries of financial freedom and inclusion for the Web3 community.

Key benefits of bbSOL: 

  • Effortless and seamless CeDeFi access from the security of Bybit’s exchange into Solana’s growing DeFi ecosystem
  • Flexible, fuss-free access to liquidity with no lock-in: users can maintain exposure to SOL while achieving portfolio diversification
  • Foster a stronger CeDeFi community together with Solana: bbSOL gives users meaningful opportunities to support security and decentralization on the Solana network while earning competitive rewards

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 10 million wallet users, over 20 major ecosystem partners, and counting.  

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as a top 3 global crypto exchange, trusted by 40 million users globally.

Users can join the revolution and unlock their Web3 future with Bybit.

For more details about Bybit, users can visit Bybit Web3.

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, users can visit Bybit Press
For media inquiries, users can contact: media@bybit.com
For more information, users can visit: https://www.bybit.com
For updates, users can follow: Bybit's Communities and Social Media

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com


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