Since launching staking, Harmony(ONE) expanded to 640 open validator slots on our 1000-node network, well on their way towards a decentralized and community-led network in 2021. $ONE team has likewise made significant improvements in the core protocol including optimizing their finality from 8 seconds to 5 seconds then to 2 seconds. Transactions are settled on Harmony in 2 seconds, providing users to experience dApps during a new and smooth manner.
They also launched our Horizon bridge to Ethereum allowing users to bridge assets on Ethereum over to Harmony. Since launching Horizon, they’ve been working on the next version to optimize it as a gas-efficient trustless bridge. Specifically, $ONE collaborated with top researcher Mahdi Zamani to publish a technical whitepaper including our contributions to super-light clients.
As a demonstration of the Ethereum bridge, Harmony(ONE) community launched Swoop, a cross-chain DEX modeled after Uniswap. $ONE team are also in the process of building a BTC bridge in our journey to become a hub for seamless asset transfer across all the major blockchains. Furthermore, their team finished integrating with Coinbase Rosetta, an open-source framework to simplify blockchain interactions.
$ONE team continue working with industry-leading partners including Chainlink and Band Protocol as oracles and Magic (Formatic) for authentication and login for dApps on Harmony. Harmony(ONE) first hackathon, Hack the Horizon, is off to an excellent start with over 350 developers building on their wishlist of ideas for cross-chain infrastructure, DeFi and NFT showcases and fiat applications.
This past year, they also expanded Harmony ecosystem globally, including onboarding many new members who allow fiat holders to join via CoinDCX and launching ONE on Binance.US. They’ve kicked off Harmony(ONE) $7M grant program with the first 13 grantees. Together with their grantees, Harmony launched cross-chain finance dApps Unifi trading, Jelly Swap, and Blits cross-chain loans.
This year Harmony team are grateful for their over 150 validators and 2350 delegators. With their grantees and team, they have launched 25 dApps on mainnet. Our 45 contributors on Github upgrade Harmony protocol and their community continues to grow past 100,000 total members.
This past year, they also expanded our ecosystem globally, including onboarding many new members who allow fiat holders to join via CoinDCX and launching ONE on Binance.US. They kicked off our $7M grant program with the first 13 grantees. Together with their beneficiaries, they launched cross-chain finance dApps Unifi trading, Jelly Swap, and Blits cross-chain loans.