Arweave Ecosystem Weekly Report #19: “SmartWeave Superpowers” Edition
The first week of 2022 follows all-time highs for Arweave transaction volume and numerous scaling and UX improvements for SmartWeave – which is quickly becoming its own thriving ecosystem.
Whether we’re in a bear market, momentary dip, or some unknown stage of the supercycle, Arweave keeps ticking along and breaking records. Let’s check some of them out.
I. Arweave Network
Registrations are open for Open Web Foundry
New Open Web Foundry has started registrations. As usual the fund is $100’000 across winning participants. The registrations are open now and will close February 2nd, 2022 at 23:59:59 UTC. You can read more about the requirements for application in our post.
🥳 Happy new year from the OWF team!
We've been busy preparing the next installment of the Foundry 🚀
Registrations are now open at 👇https://t.co/679PrYThKP
— Open Web Foundry 🐘 (@OpenWebFoundry) January 3, 2022
The Arweave network hit a new all-time high for transactions in December
In the previous full month, the Arweave L1 saw more transactions than ever – 28,681,000 – up 6% from the previous all-time high in October. Despite the holidays, activity on the network seems more active than ever.
Deployed SmartWeave contract count doubled in the last 3 months
SmartWeave – Arweave’s native smart contract layer – is seeing more adoption at a faster rate than ever. Using his weave-growth utility script, Verto founder Tate Berenbaum calculated that over 19,000 SmartWeave contracts have been deployed in the last 90 days. In parallel, SmartWeave’s tooling keeps improving every week (read on for the improvements to SmartWeave itself).
In just 3 months, >19k MORE SmartWeave contracts have been deployed to the permaweb ⚡️
It previously took over a year to get to 15k
— Tate Berenbaum 🐘 (@TateBerenbaum) January 6, 2022
Bundlr Network’s 2021 Stats
In just 4.5 months, there have been 85 million transactions routed through the Bundlr Network. As it stands, Bundlr accounts for the majority of data added to the permaweb since it has been adopted by major NFT tools such as Mintbase and Metaplex, as well as video platforms like Glass.
It’s the end of 2021
Just to summarise @BundlrNetwork progress since launch (4.5 months)
85 million transactions
23 TB of data stored permanently
+7 new integrations
Next few months, we’ll be working towards our open validator program. Validators soon 😄
— Bundlr Network (we’re hiring) (@BundlrNetwork) January 6, 2022
II. Arweave Ecosystem
3em launches as a rapid multi-language execution machine for SmartWeave
Verto had a groundbreaking week with the incubation and release of 3em – a multi-language smart contract execution layer for Arweave. 3em allows developers writing in Solidity, Rust, C, and other languages to build and read Arweave smart contracts. You can read all we know so far here.
1/ Today’s public release of 3em was beyond exciting.
A separate 🧵 on NONtechnical implications & where we see this going… https://t.co/mW1Mi0x51K
— Tate Berenbaum 🐘 (@TateBerenbaum) January 4, 2022
RedStone Smart Contracts v4.1 brings 10x performance gains for SmartWeave
As well as Verto, RedStone has been hard at work with optimizations to SmartWeave. The latest version of the SDK behind the team’s own oracle app performs up to 10x faster than the previous release. On Twitter, RedStone challenged us to try to benchmark the SDK for ourselves.
1/ Building efficient smart-contract infrastructure is a long journey – but hard work pays off 🙌
We've shipped a new version of our SDK that is up to 10x faster than the previous release. Wanna play a game? 🎮 Perform benchmarking with us and see what score your machine gets! pic.twitter.com/kNoZRJxlpk
— redstone.finance (@redstone_defi) January 4, 2022
everPay launches a SmartWeave-based NFT auction
everPay launches its first auction on Arweave. The auction is completely gasless as it is stored on Arweave and paid for in $AR. Whilst being the classic ascending dynamic auction, it has a twist – whoever is outbid receives an extra 2% of their own bid.
There are a total of 9 auctions and it’s running from the 6th to 13th of January. Read more about the auction and its mechanics here. And until the 1oth of January you can guess what price the Santa will be auctioned at to get a chance to win 1AR:
🐘 The 9th NFT from the #arweave NFT Winston Family!
🔸️What price will our Santa be auctioned off at? Comment your guess below!
🔸️5 closest answers will get 1 $AR each!
🔸️like and retweet to enter. 5 guesses per twitter account.#Giveaway #Airdrops pic.twitter.com/4TXOAhjhKh
— everFinance 🐘 (@FinanceEver) January 5, 2022
The auction has attracted a great deal of interest. With almost 6 days left at the time of writing, the NFTs have roughly 550 AR in total bids, or $28,000.
Akord’s user survey reveals the audience for personal data storage on Arweave
The Akord team has published the results of the user feedback survey, revealing their user demographics and giving us insights into the types of people interested in permanent storage and Arweave.
On Twitter, the team published charts from their findings which showed that most of their users were in their 30s, working in tech, and storing their individual documents on Akord. Beyond that, users were also commonly storing both business documents and their family heritage. Check the thread below to dive deeper.
So at the end of last year we ran a survey to find out more about how people are using Akord.
The results from nearly 100 respondents were very interesting, so we thought we'd share some of the key insights.
Let's weave a thread…
— Akord // hiring a ft community manager (@AkordTeam) January 4, 2022
Permaweb Pioneers features Bundlr founder Josh Benaron
Bundlr is one of the most important pieces of Arweave scaling, responsible for handling data uploading and seeding amid the great NFT boom of 2021. In this episode of Permaweb Pioneers, founder Josh talks about Bundlr’s architecture, move towards greater decentralization, future token launch, origin story, and more.
A great way to welcome the New Year, featuring the Bundlr Network 🙂
Listen here 👇
— Only Arweave 🐘⚡️ (@onlyarweave) January 6, 2022
Ethereum Cat Herders meetings uploaded to permacast
Following permacast’s cooperation with the Ethereum Foundation’s project management team to upload the entire back catalog of All Core Devs meetings, the team has archived all Ethereum Cat Herder meetings too. Check the archive here.
ArDrive Announces its Third Bounty
January has brought a new ArDrive bounty to further the collection of quality content for future generations. This month’s theme: your hometown. Upload media files and categorize them neatly for a chance to win 2AR.
You can read our post for more information on the requirements for application.
Share some history, share some photos, share some historical figures that come from the place you call home!
Learn more here: https://t.co/iKxh47W1Zy
— ArDrive 🐘 (@ardriveapp) January 3, 2022
- The Annual Report of 2021
- Arweave, Europe and the GDPR law
- The Arweave Name Explained
- Permaweb and Freedom of Speech
- Deep Dive in ZK Rollups
- Google Staying Away From Web3
- Bitcoin’s Effect on the Climate and Renewable Energy