Coda Protocol Touts User Growth One Year Into Testnet
The O(1) Labs project thinks recursive zk-SNARKs are the key to more manageable blockchains.
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Coda protocol’s disappearing blockchain is still in the testnet phase, but the O(1) Labs-led project has already garnered a substantial following.
- O(1) Labs Head of Product Bijan Shahrokhi told CoinDesk the project has grown its member-base 1,200% since unveiling its testnet for a protocol that cuts down blockchain size using recursive zk-SNARKs exactly one year ago today.
- Those 850 users are scattered among 28 different countries, including Russia, Germany, the U.S., China and South Korea, Shahrokhi said. Partner firms now include Bison Trails and Figment Networks.
- "The rapid community growth and global participation is validation for what the lightweight blockchain and ZKP featureset supplied by Coda brings to the table," said O(1) Labs CEO Evan Shapiro.
- The team expects its mainnet to launch in Q4.
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Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
