ChainCatcher news, according to Taikoscan data, the daily transaction volume of the Ethereum L2 network Taiko exceeded 5 million on November 4, setting a new historical record.According to DefiLlama data, Taiko's TVL reached 81 million USD, also a historical high, with TVL increasing nearly 10 times in two weeks.

ChainCatcher news, official data shows that on October 21, the number of transactions on the Taiko chain reached 2,941,686, setting a new historical record.

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the Based Rollup track. Web3Caff Research researcher Wildon pointed out in the report that with the development of blockchain technology and the surge in market demand, Ethereum is gradually unable to handle the massive transaction volume.As a result, the concept of Rollup emerged, separating transaction execution from the mainnet and moving it off-chain for computation, thereby alleviating the computational burden on the mainnet. This is currently the main solution to Ethereum's scalability issues. In the thriving Rollup ecosystem, Optimistic Rollup and ZK Rollup are the two main factions.However, whether it is Optimistic Rollup or ZK Rollup, although they effectively improve transaction processing speed, they also have limitations in terms of security, MEV, decentralization, latency, and computational costs. In light of this, Ethereum researcher Justin Drake proposed the concept of Based Rollup in May 2023, where the mainnet takes on the role of the Rollup sequencer, allowing Rollup to inherit more characteristics of the mainnet in an attempt to break through the dilemmas it faces. The report further points out that while Based Rollup has advantages such as decentralization, enhanced security, and simplified architecture, it also carries inherent issues.

ChainCatcher News, Hemera Protocol has officially launched the hackathon Grant Factory in collaboration with Taiko. The total prize pool for this competition is as high as $100,000, with Hemera setting up a special reward of $3,000 to recognize developers who successfully apply Hemera UDF technology within the Taiko ecosystem to create unique functional products.This hackathon encourages all developers to combine Hemera technology to develop innovative applications within the Taiko ecosystem, jointly promoting the rapid development of Web3 technology.It is reported that Hemera is committed to building an Account-Centric Index (ACI) network, providing developers with powerful UDF tools, enabling them to create personalized "features" covering diverse areas such as on-chain transactions, social interactions, and gaming achievements.

ChainCatcher news, Ethereum co-founder Vitalik made a presentation on "The Future Development Direction of L2 Scalability" at the RollUp day event, where he mentioned: "The decentralized Based Rollup projects and roadmap represented by Taiko are exciting." He expressed high recognition of this.

ChainCatcher news, according to Bitget market data, TAIKO briefly reached 2.02 USDT, currently priced at 1.919 USD, with a 24-hour increase of 23.81%. The 24-hour trading volume exceeded 200 million USD, with an increase of 577.83%.

ChainCatcher news, according to market information, the public chain sector is experiencing a general rise, among which:SEI is currently priced at $0.3305, with a 24-hour increase of 20.5%;SUI is currently priced at $1.39, with a 24-hour increase of 17.2%;TAIKO is currently priced at $1.89, with a 24-hour increase of 31.9%;ZETA is currently priced at $0.7186, with a 24-hour increase of 38.1%.

ChainCatcher news, Vitalik Buterin tweeted emphasizing that Layer 2 (L2) technology has finally become affordable, which is key to the widespread adoption of decentralized finance (DeFi). He proposed as early as 2020 that low transaction fees are the foundation of success in the crypto industry, and this has only recently become a reality.Robert Sasu, a core engineer at MultiverseX, responded that L2 currently has low fees only in centralized situations. Vitalik disagreed with this view and pointed out that Taiko is a decentralized based rollup solution, indicating that the fees for decentralized L2s like Taiko have reached an affordable level. Sasu agreed but added that rollup-based solutions are still in the minority and hopes that more projects will migrate to this architecture.

ChainCatcher news, the Taiko Global Flagship Hackathon Grant Factory has officially launched today on DoraHacks.io, with a total prize pool of $100,000, divided into three tracks. This hackathon aims to explore innovative and sustainable projects within the Taiko ecosystem.Taiko, as a truly decentralized, permissionless Rollup equivalent to Ethereum, has now achieved proposer-prover autonomous profitability, marking a further realization of Ethereum's scaling technology.DoraHacks.io is a developer incentive platform and hackathon infrastructure, with the number of early-stage developer startup teams exceeding 10,000+.

According to ChainCatcher news and data from Token Unlocks, several projects including IMX, TAIKO, and MODE will experience a large one-time token unlock this week, including:DYDX will unlock 1.55 million tokens on September 3, worth approximately $1.42 million, accounting for 0.68% of the circulating supply;TAIKO will unlock 12 million tokens on September 5, worth approximately $19.32 million, accounting for 19.02% of the circulating supply;IMX will unlock 32.47 million tokens on September 6, worth approximately $44.17 million, accounting for 2.06% of the circulating supply;MODE will unlock 500 million tokens on September 6, worth approximately $6.24 million, accounting for 38.46% of the circulating supply;HFT will unlock 13.62 million tokens on September 7, worth approximately $1.95 million, accounting for 3.06% of the circulating supply;

ChainCatcher message, the Ethereum L2 network Taiko announced that on September 3rd, it will jointly host the Taiko KBW Party with South Korea's largest VC Hashed and leading media CoinNess, Block Media, Bloomingbit, and top research institution Four Pillars. The tickets for this event will be in the form of NFT Mint.During KBW, Taiko founder Daniel will also participate in exclusive interviews with the KBW organizers and various media outlets, and several well-known DJs have been invited to this event.

ChainCatcher message, ARPA Network announced on X that ARPA Randcast has officially launched on Taiko. This new feature complements Randcast's support for Ethereum, Optimism (OP), Base, and Redstone.Randcast is an on-chain verifiable random number generation service that can be integrated into dApps. It serves various use cases, particularly in NFT and blockchain gaming applications. Randcast provides a truly random external source through decentralized grouping nodes, which can prevent potential instances of randomness manipulation.Taiko is an innovative Layer 2 (L2) scaling solution for Ethereum, designed to make transactions cheaper while preserving Ethereum's core attributes, such as censorship resistance, permissionlessness, and security.

ChainCatcher news, Web3 developer and transaction infrastructure platform Biconomy stated on the X platform that account abstraction has been integrated with Taiko.According to Web3 asset data platform RootData, as the infrastructure for AA wallets, Biconomy provides a full-stack account abstraction toolkit, including ERC4337 compliant modular smart accounts, Paymasters as a service (simplifying transactions and accepting other tokens as Gas), hot-pluggable API services, and bundler as a service. In addition to supporting the Ethereum public chain, Biconomy also supports multiple chains such as Arbitrum, Polygon, Base, Optimism, BNB Chain, Blast, and TON, and recently added support for Scroll, covering most of the mainstream EVM chains on the market.Previously, in July, Web3 developer and transaction infrastructure platform Biconomy stated on the X platform that Gas Abstraction has seen widespread adoption, with 250 new projects utilizing Biconomy Paymaster each month in the first half of this year. The total number of Paymaster UserOps on Web3 reached 19 million, with a monthly growth rate of 17% over the past 6 months, processing gas fees amounting to 2.9 million USD.

ChainCatcher message, based on zkRollup Ethereum Layer2 network Taiko stated on platform X: "In a recent series of media articles, some claimed that the Ethereum Foundation abandoned Taiko by selling tokens. We are dissatisfied with the way these articles were published, as they did not attempt to contact Taiko for verification before release. No entity of Taiko has ever sent any tokens to the Ethereum Foundation.We want to emphasize that Taiko maintains a close collaborative relationship with the Ethereum Foundation, as we are the first Base Rollup. From the very beginning, we have adhered to this principle and will not change. In fact, at the recent EthCC event, during a keynote speech by Vitalik, we were labeled as 'EVM purists', which further confirms the connection between Taiko and the Ethereum Foundation."

ChainCatcher news, the Ethereum Layer 2 network Taiko based on zkRollup, has been optimizing its Rollup protocol since the launch of its autonomous network, reducing L1 Gas costs by over 30%. It is now focusing on developing new features and improving existing ones:Enhanced L2 EIP-1559;Transaction Preconfirmation;Introduction of new transaction type Sponsored Transactions;Cancun EVM support;Enable contracts to use Calldata as DA;Enhanced Min-Tier selection.In addition, the Ontake upgrade version will include several features and improvements outlined above, with testing planned to begin on the Hekla testnet before October, followed by a mainnet upgrade in the fourth quarter of this year.