Arweave's AO sees $260 million pre-bridged in 4 days

AO, a hyper-parallel laptop, noticed an inflow of $260 million stETH pre-bridged to its platform, propelling it to develop into the twenty eighth largest decentralized finance (DeFi) economic system over the previous 4 days, Arweave and AO founder Sam Williams famous in a post on X June 22.

Based on Williams, AO’s Complete Worth Locked (TVL) now matches that of Cardano ($209.43 million), surpassing notable blockchain tasks resembling zkSync, Fantom, Scroll, Algorand, Filecoin, and ICP.

Understanding AO and Arweave

AO makes use of a decentralized computational mannequin to allow parallel processing of functions, together with synthetic intelligence (AI) apps. It’s based mostly on Arweave, which supplies everlasting information storage options.

Hyper-parallel computing includes using an enormous variety of processors concurrently to carry out quite a few computations, dramatically growing effectivity and velocity. This makes AO significantly well-suited for duties that demand important computational assets, resembling large-scale simulations, complicated information evaluation, and AI mannequin coaching.

Based on analysis on hyper-parallel computing, this technique leverages the ability of distributed processing to deal with issues that conventional techniques discover difficult to deal with effectively.

Arweave, alternatively, makes use of a blockchain-like construction referred to as “blockweave” to retailer information completely, making certain that after information is written, it can’t be altered or deleted.

This immutability of knowledge has important implications for information integrity and safety, making Arweave a beautiful possibility for builders searching for dependable, long-term information storage options.

The Honest Launch of AO

A vital side of AO’s introduction to the market was the honest launch of its token. Within the context of blockchain and cryptocurrency, a good launch implies that the undertaking’s tokens have been distributed with none preferential therapy or pre-sale to insiders.

In different phrases, 100% of the minted tokens can be found to your complete neighborhood. This method fosters a extra decentralized and equitable distribution of tokens, encouraging broader participation and lowering the chance of market manipulation.

The AO community was launched in February, however the token issuance came about on June 13. For AO, the honest launch concerned the issuance of 21 million tokens, with a halving schedule set for each 4 years. This mechanism, much like Bitcoin’s halving course of, reduces the reward for mining new blocks, thereby controlling the speed at which new tokens are launched into circulation.

Based on a report on cryptocurrency honest launches, this not solely helps management inflation but additionally introduces a deflationary side over time, probably growing the worth of the tokens as their shortage grows.

The Way forward for AO and Hyper-Parallel Computing in DeFi

The fast development of AO highlights a big pattern within the blockchain and DeFi area: the growing demand for high-performance computing options amid the traditional computational limitations of blockchains. As extra tasks and functions require substantial computational assets, the attraction of hyper-parallel computing platforms like AO will proceed to rise.