Solana Restaking Solayer Protocol Launches and Wormhole Era3 Roadmap: Top Updates of the Week

The Solayer protocol, built on top of the Solana blockchain, has officially launched on the mainnet. The project received support from Binance Labs a week ago. According to the project team, Solayer offers a decentralized cloud infrastructure based on Solana in partnership with Bonk, AltLayer, SonicSVM, and Hashkey Cloud. This protocol allows Solana applications to provide network bandwidth and computing resources by exchanging staked tokens, which helps improve the efficiency and reliability of the network. Solayer implements a decentralized system focused on Solana native applications, allowing them to manage staked tokens, provide block space, and prioritize transactions.

Wormhole, a cross-blockchain interoperability platform, has announced an updated roadmap called Era3. As part of the update, the team plans to make significant improvements to the user interface and user experience, as well as simplify the process of developing and deploying applications. Era3 also includes the launch of a new Wormhole Institutional product line, which aims to attract institutional investors and make it easier for them to engage with the cryptocurrency ecosystem.

Cronos Labs has announced the launch of Cronos zkEVM, a new Ethereum-based second-layer network, on Alpha. This project was developed in collaboration with Matter Labs, Crypto.com, and other partners. zkEVM expands the Cronos ecosystem and introduces $zkCRO as a gas token. The network has enhanced security thanks to a native bridge to Ethereum and supports various applications in the field of DeFi, NFT, and gaming. The alpha phase will last until September 2024 and includes the Pioneer program, which offers rewards for participating in the network.

XION, the proof-of-stake network where Burnt Banksy plays a key role, has announced the creation of the XION Foundation, a non-profit organization that will manage the XION ecosystem and protect its core values. The team also introduced XION, a utility token that will serve as the foundation for the sustainable growth of the ecosystem and ensure the decentralization and reliability of the network. The XION token is designed to secure the network and incentivize community participation in the development of the project.

The Ethereum-based Cyber ​​network for social applications has launched CyberDAO, an organization with a unique dual token governance model where key decisions are made not only by token holders but also by the most active community members. The first proposal, set for a vote on August 15, will be to approve a working constitution for CyberDAO. The first delegates include Dorothy L. (AltLayer CGO) and Charles Wayne (co-founder of Galxe). Amid growing concerns about data ownership and misinformation on social media, CyberDAO offers a transparent and community-driven approach to social media governance.

Offchain Labs, the team behind the second-layer blockchain ecosystem Arbitrum and the Ethereum consensus client Prysm, has announced a new partner, Tandem Studio. The studio will focus on supporting select projects developing blockchain applications. Tandem aims to partner with the most innovative projects, leveraging Offchain Labs’ market position to drive significant growth in emerging technologies and strengthen the next wave of disruptive projects in the industry.

Rhinestone, a company specializing in infrastructure and tools for building modular smart account products on Ethereum, has raised $5 million in a seed round led by 1KX, with support from CoinFund, Lattice, Heartcore, Circle Ventures, and other investors. The team intends to use the funding to accelerate the development of the smart account ecosystem and ERC-7579 modules, investing in technologies that will enable the most promising use cases.

Pyth Network, a blockchain oracle, has announced that it will begin providing its "highly accurate, real-time data" to the TON blockchain, which is linked to the Telegram messaging app. Pyth's specialty is low-latency data that can scale to thousands of feeds and assets, allowing TON game developers to create more engaging