Here's what April's busiest ERC-20 Dapps have been working on 🏗️
Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment.
Development Activity is an often-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.
In this report, we are focusing only on ‘pure ERC-20’, i.e. those projects that are (currently) committed to developing on Ethereum, and have as of yet no working mainnet or an imminent token swap.
You can check out the latest dev activity ‘power rankings’ for all ERC-20 assets on Sanbase, by filtering the ERC-20 projects by Dev Activity (30d).
As always, we asked all of this month’s top 10 most active ERC-20 dapps what they’ve been working on for the past month. Here’s what they told us:
1. Gnosis
“April was a huge month for Gnosis. We were thrilled to launch Gnosis Protocol, the result of two years of research and development into better ways to trade on Ethereum. Gnosis Protocol is a fully permissionless DEX (decentralized trading protocol) that enables a new mechanism called ring trades to maximize liquidity.
Ring trades especially improve liquidity for illiquid or “long tail” tokens such as prediction market outcome tokens. You can trade now on Mesa, the first dapp built on Gnosis Protocol launched by the dxDAO.
In addition to Gnosis Protocol, we launched Gnosis Safe Apps. Bringing multisig security to DeFi, you can now put your funds to work in your favorite interest-earning protocols directly from the Gnosis Safe Multisig interface.
Last but far from least, we sponsored the new initiative Corona Information Markets, a non-profit tool that aggregates reliable information on the COVID-19 pandemic.”
2. Status
“Excited as ever to share our April update with you all:
- Status mobile app - the month culminated in the launch of v1.3, featuring dark mode and group chats. Extra stoked about this one, read more here.
- Desktop app - we’re picking back up on development of Desktop, with the Embark team leading the efforts. Desktop ensures the health of our network by allowing users to act as nodes (more on our thinking here).
- Vac - April’s research included a feasibility study of the node discovery protocol discv5, discussing what a self-sovereign and private alternative to WeChat might look like, and a look at the evolution of discv5.
- Keycard - integration of Keycard into the Status Android app is still the highest priority and is slated for the next (v1.4) release. Thereafter, iOS integration will be the next target. We’re also looking at a future Keycard x DevCon collab - watch this space!
- Teller - code is in security audit, check out the beta at teller.exchange.
- Nimbus - we released our innovative RFP for extended security review of Nimbus ETH2.0. The Schlesi eth2 multi-client testnet is live, and we continued ironing out compatibility issues to get in on the action. We also had success in compiling one of our testnets to a mainnet configuration (albeit with some performance issues) - it’s a work in progress!”
3. Chainlink
Here are a few recent integrations announced by Chainlink:
- “To meet the off-chain data demands of its enterprise clients, the enterprise-focused blockchain, Cypherium is integrating with Chainlink oracles to access the trusted inputs/outputs needed to build fully integrated, end-to-end secure smart contracts.
- Based on requests from users such as Synthetix, we've redeployed the ETH-USD contract on Ethereum to provide smart contract developers more options and flexibility for gathering data from our Price Reference Contract.
- Decentralized futures platform Futureswap is now live on the Ethereum mainnet powered by Chainlink's Price Reference Feeds.
- Decentralized stablecoin and staking liquidity platform Acala Network will use Chainlink to supply the real-time price of collateralized assets such as BTC, ETH and DOT on blockchains connected to the Polkadot network.
- Bloom’s Verifiable Credential data will be accessible to DeFi applications through Chainlink oracles. This gives Dapps (lending protocols) access to valuable identity data such as credit history & accreditation sourced from traditional credit bureaus.
- Interoperability focused blockchain Iris Network is building a Chainlink "oracle" module into the Cosmos SDK. Using this module, developers can access Chainlink oracles for trusted quality data on the IRIS Hub.”
4. Band Protocol
“In April, in addition to business and partnership developments, Band team has continued to make technical progress on the development of BandChain and its ecosystem tools. Notable updates include:
(1) Migrate BandChain to the latest Cosmos-SDK version with robust relayer support
(2) Patch EVM bridge smart contracts to new SDK storage architecture
(3) Add more features to the block explorer such as real-time updates, hardware wallet integrations, and IBC message support and
(4) Implement built-in oracle scripts to integrate with prominent off-chain data sources.
We also launched BandChain phase 0 on testnet with more than 30 validators actively participating in the consensus. We have been performing stress tests on the network to ensure stability and security on the upcoming mainnet launch.
Full post of Band’s April update can be found here: https://medium.com/bandprotocol/band-protocol-april-2020-community-update-fed8404f15c3.”
5. Aragon
“In April we have seen improvements to Apiary (the "CoinMarketCap for DAOs”), a new way to reward contributions in Aragon DAOs using AraCred, multiple Aragon Court rulings and a couple posts suggesting new DAO models on Aragon: Telegram DAOs and Expert DAOs.
Here are some additional news as mentioned in Aragon’s monthly project update:
- Aragon One is requesting developer feedback on Aragon Toolkit!
- Check out this workshop on Aragon Permissions!
- New version of aragonUI! Grab it here
- All Aragon Devs #47 video published, featuring demos of Dandelion, Aragon Agreements, Toolkit, and an Aragon App Installer
- The Aragon Manifesto in French!
- meTokens allow Aragon DAOs to launch personal tokens
- EstoniaDAO is using Aragon to connect 60k+ Estonian e-Residents to a DAO!
- ANT now on Coinsbit and P2PB2B
- Collab19, an anti-COVID19 Aragon DAO, has opened applications!
- HelpDAO, an initiative for local squads (Aragon DAOs) to form and help with the outbreak, is in the testing stage!
- cyber~, which uses an advanced Aragon DAO, is about to take off!
- ZIPdao was launched on Aragon
- Aragon Buidler plugin v0.2.0 was released
- useWallet() v0.5.0 & useViewport v0.2.0 released”
6. Maker
“Lots of activity on the new design system being built by DX in collab with the design team and other engineering teams working on UIs, soon to be made public for the larger dev community.
- Google has Material UI, Maker (now) has Dai UI
- Maker Improvement Proposals (MIPs)
- Onboarding BTCUSD and ETHBTC Oracles
- Performance optimizations and bug fixes for the Oracle client“
7. Augur
“Augur is marching toward it's v2 launch still on schedule. Last month the RC1 milestone was hit and the team has been deep in performance improvements and bug fixes in order to hit an RC2 deadline of May 15th. For those interested in nerdy details, here is the current list of RC2 issues: https://github.com/AugurProject/augur/milestone/43
After the May 15th date, there will be minor dev work on the release to clean up any final tweaks or patch any critical issues while beginning work on post launch features which will be scheduled within weeks of the v2 release.
Also, a portion of the team is well underway with a brand new UI design targetted specifically at users who are used to a betting oriented experience, vs the current UI which was built for users experienced with trading.”
8. 0x
Here’s an excerpt from the April ecosystem update from 0x Tracker:
“0x had a big month with $88.7 million in trading volume. That’s down from March’s high of $111.7 million but up 645% year-on-year from April 2019 when volume was just $11.9 million.[...]
Version 3 of the 0x protocol introduced protocol fees which are distributed to market makers, incentivising liquidity. Over $10,000 worth of protocol fees were collected in April 2020.
V3 also introduced asset bridges which enable the sourcing of liquidity from external contracts such as Kyber and Uniswap. $1.56 million worth of volume was sourced from bridging contracts in April 2020, 1.76% of total volume.[...]
Despite COVID-19 causing lockdowns across the globe, there’s been a lot of activity from both the 0x team and projects built on top of 0x. Here are some of the highlights:
- 0x announced their new relayer, Matcha which is taking early access registrations — https://matcha.xyz/
- OpenRelay transitioned to v3 of the 0x protocol — https://blog.openrelay.xyz/0xv3-support/
- ZEIP-76 finished voting with 100% in favor. The ZEIP introduced a standard process to manage the lifecycle of improvement proposals — https://0x.org/zrx/vote/zeip-76
- ZEIP-77 went live allowing stakers to vote on whether the staking epoch duration should be changed to 7 days — https://0x.org/zrx/vote/zeip-77
- Opyn Monitor released a tool for trading ETH options via 0x — https://opynmonitor.xyz/#/trade/oeth-usdc”
- Zerion released the DeFi SDK on GitHub, an open source set of smart contracts which makes it easier to integrate with DeFi protocols. It includes support for ZRX staking — https://blog.zerion.io/defi-sdk-making-money-lego-work-1dc08b8982cf”
9. Raiden Network
"The Raiden team continues towards their Alderaan Release milestone and has been mainly focusing on testing on testnets as well as mainnet.
Apart from testing, the team is putting a lot of effort into the Raiden Wizard which is a tool that will make it easy and convenient for Raiden new comers to setup a node and get connected to a given token network.
On the light client side of things, the team has been implementing features that allow light nodes to receive and mediate transfers. Lastly, the light client team is also looking into switching to WebRTC for the transport layer in order to improve the time it takes to do transfers."
10. Kyber Network
"The Katalyst and KyberDAO launch is fast approaching and the team is picking up pace on development and community education. We released an overview of how KNC staking works and updated our documentation with more information on how to be a KyberDAO Pool Operator.
As part of our upcoming launch, we have partnered with StakeWith.Us for convenient staking and delegated voting services. Through this partnership:
- KNC holders will have a convenient way to stake KNC and claim rewards
- A smart contract proxy is being developed to enable the trustless operation of a voting pool for potential pool operators
“Kyber will be the only protocol that has a deflationary staking token with network fees paid out in ETH” said Michael Ng, Co-founder of StakeWith.Us.
In addition, Rarible, Unstoppable Domains, Bullionix, Furucombo, and SNX.Link joined the Kyber ecosystem as some of our latest integrations, while we added multiple new token reserves, providing liquidity for LOOM, OGN, pBTC, STORM, PNK, KEY, RSR, RSV, BAND, UBT, and FXC."
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Check out Sanbase for more information on development, social, and on-chain activity of all ERC-20 coins, as well as ETH, BTC, XRP, EOS and more!
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