Crypto twitter is waking up. Central bank rates looking to fall, M2 money on the rise. Capital getting cheaper and more abundant.
Now is the time to get serious about launching. Get out there, get stuck in.
Punched past 1 million swaps / second for the first time! 🥳
A bit of memory thrashing I need to look at (validators are only 8GB remember) but otherwise all green.
Can taste the success at this point. It's good!
We are very proud to announce we are one of the projects that got rewarded a milestone reward. Our bot, WOWO DeFi Connect, exceeded $1M XRD of spot volume (currently we are already over $3.5M XRD🔥)🤖. Thank you very much @radixdlt!🫶🏻
A big shoutout to @daan_xrd and also congrats to @Hug_Radix, @ociswap, @CaviarNine and @XIDAR_IDA!❤️
I'm not sure the crypto community fully understands what #Radix is achieving with receipts.
Pushing nearly 500k swaps per second is exactly what it sounds like. You’re swapping from one token to another. For perspective, Solana is likely capable of handling around 200-400 swaps per second, and that might be generous. It's difficult to pinpoint how far Solana swaps can be pushed because swap complexity varies, and we still don’t know the exact current ceiling of Solana's TPS. Measuring a blockchain’s scalability or 'raw speed' isn't black and white.
So, how many transactions are generally involved in one swap? Again, that’s hard to pinpoint. It depends on many factors. At a minimum, you would assume at least two transactions are required for one swap, but there could be more when you consider transactions for token approvals, protocol fees, etc. For these tests, I’m assuming each swap is two transactions (@fuserleer. can correct me if needed.)
Instead of getting into exhaustive theoretical speculation about what these tests reveal as the maximum non-vote throughput on Radix, let's keep it simple. These tests, at the very least, hint that the blockchain trilemma may be solved. Wherever the ceiling is, scaling appears to have been tackled with this novel design. Radix should theoretically have no trouble staying ahead of network demand. No obvious tricks, no massive servers, no bridging, and no centralized L2s. Decentralized scaling with consumer-grade hardware on a low-latency network. That's incredible!
Thanks for the recognition 🫡
HUG qualified for having over 5K wallets holding hug (we have 7K) with a minimum of 2K holding at least $5 worth.
I’m very proud of the HUG fam for reaching such an important milestone!
Web3 won't move from niche to mainstream until the user experience matches the public's expectations.
Let's look at why Radix is at the forefront of this movement 🧵
500,000 swaps / second (smart contract calls) over 32 shards is looking imminent on the #radix#cassie test net
Let that sink in ... FIVE HUNDRED THOUSAND SWAPS / SECOND! 🤣
#crypto#defi#blockchain
Dear community,
We’ve mentioned it before, but we’d like to repeat it because of these painful (pricewise) circumstances. 😢
The product is great and RadQuest proves that again. Yes there are some technical flaws and it really needs some adjustments (reward wise), but that has nothing to do with the Radix tech. Besides, it’s good that the network undergoes a stress test and makes improvements from there (think of certain nodes that had a hard time). A compliment to @StakeAmsterdam, because the $WOWO node did not suffer from anything. 💪🏻
If you haven't done this already: you should try another chain and compare it to your experience on @radixdlt. It's just insane. And that's also the 'frustrating' part: HOW do people not know this already? But we are sure that day will come, because it's just too good.
In short: the price now sucks. And that's painful. Also for us. But we still believe it's temporary. Regardless of $XRD, we continue in the mission to make WOWO a success.
Stay strong! ❤️
Want to learn a new smart contract programming language? Start #Scrypto101 🎓
👉 https://t.co/r9xOmQe9Xj
Up for you to grab:
- Scrypto certificate
- Scrypto #NFTs
- 200$ in $XRD as reward for completing the final challenge
#Radix#Scrypto#programming