Quai ranks #9 on @DefiLlama’s 24H chain revenue dashboard, ahead of ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1, avalanche-2:native, and monad:native.
Powering that ranking is SOAP, the Subsidized Open-market Acquisition Protocol.
So far, SOAP has generated $6.57M in total revenue, secured $174.83B in value, and burned 211.6M quai-network:native with 782.48M currently circulating.
More hashrate = More buybacks. Mine quai-network:native ⛏️
Quainance is growing!
58 launches · 155 listed tokens · $120K+ TVL
On top of that, traders are active with 12,000+ trades and $55k+ in volume.
It's impressive to see the community building on Quai and what Proof of Work can do at full throttle.
Thank you for helping build this place with us!
If you have been active, check your wallet and stay tuned for more updates 👀
If you haven't been active, now's a good time to start!
$ZEC merged mining is coming to Quai!
SHA-256, Scrypt, and KawPow were just the beginning, Equihash is up next.
More integration details dropping soon. Rev up those rigs!
Another day, another top 15 ranking for quai-network:native on chain REV
Above injective-protocol:native monad:native while just below $AKT $HYPE and ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1
⚙️ go-quai v0.56.0 is live ⚙️
Please upgrade and restart your nodes before the September 15 activation.
What’s new:
▪️ Qi unwrapping drops from ~2 weeks to 10 zone blocks, roughly 50 seconds.
▪️ $QI mining rewards are now based directly on work performed.
▪️ Smoother fee handling for quai-network:native rewards and conversion pricing.
▪️ Better wallet and RPC reporting for Qi locks, fees, and workshare rewards.
▪️ Fixes for UTXO accounting, reorg recovery, and databases.
18.15M $QUAI mined. 18.0M $QUAI burned. In seven days!
Look at what this mechanism is doing.
SOAP has gone through a lot of experimentation, changes, corrections and fine tuning, and while we are still far from a fully settled system, we are getting a glimpse of what a mature version of this mechanism could look like. The network can keep rewarding miners and securing the chain while almost the entire amount of newly mined QUAI gets absorbed through SOAP.
And this is still early. Now imagine this mechanism operating at 10x, 100x the scale, with more mining revenue flowing into SOAP and more demand coming into the network. This is the kind of mechanism that makes you stop and think about what $Quai could look like at scale.
Study $QUAI: https://t.co/MC218GZnbj
The 6¢ Quai DCA Club!
Sometimes it starts with simply looking at the numbers and asking, "What is the market missing?" That's what @GabrielsUnivrse did today. Coming from a value investing background, he compared $QUAI's market cap and revenue with other major networks and came away believing the market may be significantly underpricing Quai relative to what is being built. He also looked at QI through the lens of gold and the potential of a self-custodial digital store of value.
That thinking led to a simple community idea: the unofficial 6¢ Quai DCA Club. A group of people who believe in the thesis and commit to accumulating Quai as much as they realistically can, with 6¢ as the level they want to see hold.
No website, no promises, just conviction and an honor system. The idea is Gabriel's, born from his own analysis and conviction.
Who's joining the club? 🫡
Energy is the ultimate currency.
Quai Network is a complete energy-based monetary system.
quai-network:native & $QI together are your store of value, medium of exchange, and unit of account.
Quai Network is coming to Amsterdam!
Dr. K aka @mechanikalk is speaking at DashCon on September 3rd to break down the future of private digital cash and energy-backed money.
Catch the session live at De Hallen Studios during Cypherpunk Week 👇