Blockchain

‘Moonrise’ Initiative Signals Next Phase in Evolution for New-Look Moonbeam Network in Polkadot Ecosytem

on

    More in Blockchain:

    Singapore, Singapore, June 5th, 2024, Chainwire

    Ambitious 2024 Roadmap Includes 8x Improved Throughput, zkAuth for Web2 ID, Major Grants

    Moonbeam Network, a smart contract platform for building cross-chain connected applications, announced the ‘Moonrise’ initiative anchored by a 2024 Product Roadmap that includes the introduction of parallel processing to improve throughput by 8 times, upgrading ecosystem integration, improving the developer and user experience, and more. Moonrise signals the next phase in evolution for Moonbeam and canary network Moonriver, which is incorporating Axelar bridging technology.

    More than two years since its mainnet launch in January 2022, Moonbeam is well-established as the leading solution for integrating networks such as Polkadot, Ethereum and the broader EVM ecosystems. The 2024 Roadmap demonstrates Moonbeam’s dedication to continually improving its cutting-edge performance and experience for developers and users.

    The Moonrise initiative is reflected in a comprehensive rebrand of Moonbeam’s look, underscoring how Moonbeam is more than a chain. It’s a hub for developers, Web3 enthusiasts, interoperability supporters and more.

    “We’re beyond excited to reveal Moonbeam’s new look in conjunction with our ambitious plans for 2024. This year we are implementing improvements, upgrades and announcements to all facets of the Moonbeam and Moonriver networks,” said Aaron Evans, Head of Operations at Moonbeam Foundation. “As our passionate community of supporters knows, Moonbeam is a modern blockchain with features for developers and users that are still just a dream for other networks that remain in testnet phase.”

    A lynchpin of the 2024 Roadmap is enhancing the core protocol with the introduction of asynchronous backing, a form of parallel processing that will quadruple block space and halve block times to 6 seconds, resulting in an 8x increase in overall throughput for Moonbeam.

    More improvements include ensuring compatibility and seamless interoperability with Ethereum’s gas-saving Dencun upgrade, substantial upgrades to the UX for Moonbeam Routed Liquidity, and improvements to governance mechanisms.

    Other highlights include:

    • Ecosystem Integration: Glacis integration for reliable cross-chain transactions, Tanssi integration for appchain deployments, revitalized Moonriver with Axelar’s Amplifier program for bridging and a v3 AMM liquidity program.
    • Developer Tools: Governance tracks for dApps, support for EIP-4337 Account Abstraction, expanded tooling integration for ease of development, deployment, and debugging/monitoring.
    • User Experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, tokenomics incentive updates, and streamlined stablecoin flows.

    The series of initiatives will begin rolling out immediately and will continue to be deployed through Q3 and Q4 of 2024, and into 2025.

    To check out Moonbeam’s new website and follow the network’s upcoming developments, see: https://moonbeam.network.

    About Moonbeam Network

    Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.

    Social media links: 

    Website | YouTube | GitHub | Telegram | Medium | X | Discord

    Contact

    Patrick Brendel
    SCRIB3
    [email protected]

    PostAd_coinrule_banner728x90

    Comments are closed.

    Robo Advisory Market Forecast Report and Competitive Analysis to 2030, Featuring Betterment, Fincite, Wealthfront, The Vanguard Group, Ellevest, Wealthify, SoFi Technologies & SigFig Wealth Management

    2024-10-01T15:38:37Z

    Dublin, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The "Robo Advisory Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.

    The future of the global robo advisory market looks promising with opportunities in the retail investor and high net worth individual markets. The global robo advisory market is expected to reach an estimated $24.6 billion by 2030 with a CAGR of 23.4% from 2024 to 2030.

    The major drivers for this market are growing use of digital technologies within the financial services industry, increasing consumers preference for robo advisers rather than traditional investing services, and incorporation of artificial intelligence into investing operations.

    Robo Advisory Market Insights

    • Hybrid robo advisors will remain the larger segment over the forecast period because they mix the efficiency and reliability of robotic algorithms with the human element of a personal financial counselor.
    • Within this market, high net worth individual will remain a larger segment due to increasing demand for HNWIs by private equity managers to safeguard their investments.
    • APAC is expected to witness the highest growth over the forecast period due to the customers' growing knowledge of the benefits of using automated financial assistance for investments and savings.

    Robo Advisory by Segment

    The study includes a forecast for the global robo advisory by type, provider, service type, end use, and region.

    Robo Advisory Market by Type:

    • Pure Robo Advisors
    • Hybrid Robo Advisors

    Robo Advisory Market by Provider:

    • Fintech Robo Advisors
    • Banks
    • Traditional Wealth Managers
    • Others

    Robo Advisory Market by Service Type:

    • Direct Plan-Based/Goal-Based
    • Comprehensive Wealth Advisory

    Robo Advisory Market by End Use:

    • Retail Investor
    • High Net Worth Individuals

    Robo Advisory Companies

    Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain.

    With these strategies robo advisory companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

    Companies profiled in this report include:

    • Betterment
    • Fincite
    • Wealthfront
    • The Vanguard Group
    • The Charles Schwab
    • Ellevest
    • Ginmon Vermogensverwaltung
    • Wealthify
    • SoFi Technologies
    • SigFig Wealth Management

    Features of the Global Robo Advisory Market

    • Market Size Estimates: Robo advisory market size estimation in terms of value ($B).
    • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
    • Segmentation Analysis: Robo advisory market size by type, provider, service type, end use, and region in terms of value ($B).
    • Regional Analysis: Robo advisory market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
    • Growth Opportunities: Analysis of growth opportunities in different type, provider, service type, end use, and regions for the robo advisory market.
    • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the robo advisory market.
    • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

    This report answers the following key questions:

    • What are some of the most promising, high-growth opportunities for the robo advisory market by type (pure robo advisors and hybrid robo advisors), provider (fintech robo advisors, banks, traditional wealth managers, and others), service type (direct plan-based/goal-based and comprehensive wealth advisory), end use (retail investor and high net worth individuals), and region?
    • Which segments will grow at a faster pace and why?
    • Which region will grow at a faster pace and why?
    • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
    • What are the business risks and competitive threats in this market?
    • What are the emerging trends in this market and the reasons behind them?
    • What are some of the changing demands of customers in the market?
    • What are the new developments in the market? Which companies are leading these developments?
    • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
    • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
    • What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

    Key Topics Covered:

    1. Executive Summary

    2. Global Robo Advisory Market: Market Dynamics
    2.1: Introduction, Background, and Classifications
    2.2: Supply Chain
    2.3: Industry Drivers and Challenges

    3. Market Trends and Forecast Analysis from 2018 to 2030
    3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
    3.2. Global Robo Advisory Market Trends (2018-2023) and Forecast (2024-2030)
    3.3: Global Robo Advisory Market by Type
    3.4: Global Robo Advisory Market by Provider
    3.5: Global Robo Advisory Market by Service Type
    3.6: Global Robo Advisory Market by End Use

    4. Market Trends and Forecast Analysis by Region from 2018 to 2030
    4.1: Global Robo Advisory Market by Region
    4.2: North American Robo Advisory Market
    4.3: European Robo Advisory Market
    4.4: APAC Robo Advisory Market
    4.5: ROW Robo Advisory Market

    5. Competitor Analysis
    5.1: Product Portfolio Analysis
    5.2: Operational Integration
    5.3: Porter's Five Forces Analysis

    6. Growth Opportunities and Strategic Analysis
    6.1: Growth Opportunity Analysis
    6.2: Emerging Trends in the Global Robo Advisory Market
    6.3: Strategic Analysis
    6.3.1: New Product Development
    6.3.2: Capacity Expansion of the Global Robo Advisory Market
    6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Robo Advisory Market
    6.3.4: Certification and Licensing

    7. Company Profiles of Leading Players

    • Betterment
    • Fincite
    • Wealthfront
    • The Vanguard Group
    • The Charles Schwab
    • Ellevest
    • Ginmon Vermogensverwaltung
    • Wealthify
    • SoFi Technologies
    • SigFig Wealth Management

    For more information about this report visit https://www.researchandmarkets.com/r/mvaoe4

    About ResearchAndMarkets.com
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

    CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900

    GlobeNewsWire News

    Recent Comments