Editor's Note: This article comes fromVernacular Blockchain (ID: hellobtc), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Vernacular Blockchain (ID: hellobtc)

, reprinted by Odaily with authorization.

On December 29, 2020, the Polkadot-based DeFi aggregator Reef Finance (REEF) opened at a price of $0.3 after it was launched on Binance, and basically remained above $0.1 in the next 5 minutes. According to the REEF seed round The calculation of the prices of USD 0.0007, USD 0.0009, and USD 0.00125 for institutional rounds, and private equity rounds is equivalent to "100-fold opening".

In contrast, the recent rise of DOT itself is quite eye-catching, especially in the context of the upcoming parachain slot auction event. At present, not only DOT and related Tokens are booming, but Polkadot’s ecological construction has begun. It's in its infancy and deserves attention.

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The long-awaited "slot auction"

Polkadot has also reached a critical moment of development recently. On January 11, the Polkadot test network Rococo V1 opened the parachain test qualification registration, which means that the parachain slot auctions of Polkadot and Kusama will gradually begin:

After the function of the parachain test network Rococo V1 is running stably, the public welfare parachain will be launched on Kusama first, and then the Polkadot parachain auction will be opened.

However, the number of parachains is limited. If you want to become a parachain, you need to bid for a "slot". Each project can lock DOT to participate in the auction. Projects that succeed in the auction can realize asset cross-chain based on the Polkadot mainnet , so "slot auction" has always been regarded as the key first step for Polkadot to truly open its own network ecology.

At the same time, in this process, not only the project party, but also users can use DOT and KSM to vote for projects bidding for slots and obtain corresponding rewards. Therefore, even from the level of supply and demand in the secondary market, "slot auction" is also a strong demand for DOT. support.

Bill Laboon, director of technical education at the Web3 Foundation, also announced the progress of the Polkadot project on Twitter yesterday. Polkadot version 0.8. So far, 69 teams have completed the project, and 112 teams have successfully delivered the first part of the work).

In addition, as of now, 100+ chains are ready to be connected to Polkadot, 60+ testnets have been launched, there are currently more than 550 validator nodes and 7,000 nominators, and more than 60% of DOTs are in mortgage (staked ), Polkadot has reached a critical moment of succession.

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"Sit back and look at one", Ethereum's "friend" and "only opponent"

On January 13, OKEx recently announced that it will support Polkadot (DOT) and Kusama (KSM) parallel chain slot auctions. So far, Binance, Huobi, OK, Matcha and other leading trading platforms have basically increased their stakes and actively deployed the Polkadot ecosystem.

In fact, the major trading platforms, especially the top "Big Three" have also launched their own large-scale Polkadot ecological support plans, especially Binance, which has established a Polkadot ecological fund worth tens of millions of dollars a while ago. The new currency mining supports DOT, and on the 28th, it suddenly replaced the Ethereum in the currency display on the homepage with DOT, which is almost equivalent to a natural "bright card".

In addition to Binance, Huobi officially launched HDOT, a DeFi project anchored 1:1 to DOT, on October 1. On December 4, it launched the "Polkadot Ecological Sponsor" system, saying that it will screen Polkadot Ecosystems that meet the requirements. Professional investment institutions and investors become "Polkadot Ecological Sponsors", and the sponsors will have the right to recommend Polkadot Ecological projects to Huobi Global. The recommended projects can be launched in the Polkadot Ecological Zone of Huobi Global after passing the review.

On the same day, the Huobi Innovation Lab set up a "Polkadot Ecosystem Support Fund" worth US$5 million, which is mainly for developers, event initiators, content creators, Polkadot ambassadors, etc. in the Polkadot ecosystem. Any individual or organization that plans to contribute to the Polkadot ecosystem provides sponsorship.

The last time such a grand event should have been during the EOS node election, now with the resignation of BM, EOS has obviously gradually failed to keep up with the rapid development of Ethereum, and other "Ethereum killers" who have made great momentum in 2018 are also Quit the flags and drums.

Now Polkadot has not only captured the favor of capital such as trading platforms, but also steadily advanced its own ecological construction, and has almost become the "only opponent of Ethereum" currently "sitting on the sidelines".

According to the data of PolkaProject as of January 13, 333 projects have been born in the Polkadot ecosystem, including network infrastructure such as Acala and ChainX, DEX such as Zenlink, development tools such as Noise Explorer, wallets such as Polkawalet and Ledger, Validators, etc. Validators, as well as blockchain browsers such as Polkascan, a sufficiently rich and diverse independent ecosystem covering underlying technologies, wallets, oracles, NFT, DAO, smart contracts, bridges, DeFi, Internet of Things and games has already taken shape .

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According to the map, which tracks in the Polkadot DeFi ecology may run out of dark horses?

• For many friends who have regrets in 2020, if they miss the DeFi ecology of Ethereum, it seems that the opportunity corresponding to Polkadot should not be missed anyway."Then, if we use the current Ethereum as a blueprint, we can predict the most anticipated and potential star tracks in the Polkadot DeFi ecosystem by "according to the map", and which projects are worth paying attention to now (excluding the non-Polkadot native projects that Ethereum has crossed over) ?
  

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• Source: COIN98

• "Polkadot cross-chain version of Uniswap

• ——Zenlink (ZLK), a cross-chain decentralized trading network based on Polkadot, is committed to building a new generation of cross-chain DEX network. By integrating the Zenlink DEX Module, Zenlink can quickly enable parachains to have DEX capabilities and share liquidity with other parachains; the Zenlink DEX aggregator can link all DEX DApps on Polkadot. On December 12, 2020, the first real cross-chain transaction use case was successfully realized based on the asset management and DEX modules in the Zenlink DEX Module. Zenlink has delivered two rounds of Web3 Foundation Grant and the third round of Grant has passed the review;

• "Staking service provider" - Stafi (FIS), a decentralized protocol that provides liquidity for Staking assets, provides liquidity for users' Staking assets, and solves the risk of currency price fluctuations during the Staking lock-up period. The Stafi protocol solves the contradiction between the security required by the system and the liquidity of its Token by distributing ABS Token to Staking participants;

"Polkadot MakerDAO" - Acala, which provides an alternative infrastructure for DeFi on the Polkadot multi-chain ecosystem, adopts a governance structure similar to MakerDAO, with split governance (ACA) and stablecoin (aUSD) on the Polkadot network ;

"Synthetic Asset Protocol" - Coinversation, the first synthetic asset protocol on Polkadot, users can mint the system's default stable currency CUSD by mortgaging CTO or DOT;