Taraxa Progress Update: November, 2024

Steven Pu • 2 min read • Dec 4, 2024

Taraxa Progress Update: November, 2024

State of the network as of November 5, 2024:

  • 2.112 billion TARA staked and delegated
  • 66 active consensus nodes on the Mainnet
  • 1,678 active consensus nodes on the Testnet
  • 16,043 unique wallet addresses on the Mainnet

Ecosystem Highlights:

  • Synthetic stables are coming to Taraxa! Taraxa is honored to partner with the Meridian team to launch the first synthetic stablecoin USDM on the Taraxa! This helps to add another critical cornerstone of DeFi to the Taraxa ecosystem. Find out more about minting USDM on Taraxa here: https://mint.meridianfinance.net/


  • Taraxa's DeFi ecosystem gets a lot more exposure from an integration with DeFiLlama as our DeFi ecosystem keeps growing.


  • LARA, the liquid staking protocol on Taraxa, had a hugely successful testnet launch campaign with 1000+ participants, helping to thoroughly stress test yet another cornerstone protocol of Taraxa's DeFi ecosystem.


  • Tara.to , a fully community-built and operated explorer, has just deployed a massive upgrade, including smart contract verifications, Ficus Root Bridge indexing, drastically improved performance and a lot more! With many community-requested features, Tara.to has become an indispensable part of the Taraxa ecosystem. Go TARA builders!!


  • Taraxa's Social AI ecosystem keeps expanding to include a partnership with dFusion AI, integrating our one of a kind Telegram social data into dFusion's AI platform, driving more usage, traction, and awareness for the Taraxa ecosystem.


  • Taraxa released its own visualizer, giving everyone an extremely friendly and mesmerizing way to understand Taraxa's core consensus that hybridizes blockDAG and PBFT. It is extremely cool, go check it out!


🪁 Keeping up with the latest in Taraxa

Stay tuned! 🪁