Archway (ARCH)
Archway is a Cosmos ecosystem Layer-1 blockchain
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Notable Governance Votes
Treasury
Token
Launch
Token Allocation
Inflation
10% as of 6-5-2024.
Utility
Burns
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed [insert here].
- Consensus mechanism: Cosmos SDK
- Algorithm:
- Virtual Machine:
- Development language used: CosmWasm
Transaction Details
How it works
Fees
Archway directly compensates dApp developers through gas fee rebates, inflationary rewards share, and smart contract premiums.
Upgrades
Staking
- Rose to 50% with 100 validators (6-8-2024).
- Has 47% staking rate. From a commissioned Messari report (6-5-2024):
"Entrepreneurs and developers building on Archway can receive a stake in the growth and governance of the protocol itself."
Validator Stats
- From Messari, where they tried selling their validator reduction as something good (13-11-2024):
"Archway reinforced its commitment to long-term sustainability by reducing the size of the active validator set to 40 and lowering the inflation rate to 2%."
Liquidity Mining
Scaling
Interoperability
Connected by IBC and Wormhole (6-5-2024).
Other Details
Oracle Method
Their Other Projects
Roadmap
- Can be found [Insert link here].
Revenue
- Fees have slowly gone up from $13.5K in Q3 2023 to $38.9k in Q1 2024. Out of this respectively $6.8k to 19.4K went to developer rebates.
Usage
"In Q1 2024, 56 unique addresses launched 92 new contracts, raising the total number of unique contract deployments to 355, originating from 223 unique deployer addresses. In Q1’24, Archway saw a daily average of 1,200 unique active addresses, marking a 52% QoQ increase. Total value locked (TVL) doubled to $8.1 million this quarter, peaking at $9.6 million."
Projects that use or built on it
"Astrovault, a native DEX built on Archway, held $8 million in TVL at quarter end. Outbid, a new gamified launchpad, was launched on Archway, with the first successful sale conducted for Astrovault’s AXV token, raising a total of $310,496.62."
Competition
Pros and Cons
Pros
Cons
- From Messari, where they tried selling their validator reduction as something good (13-11-2024):
"Archway reinforced its commitment to long-term sustainability by reducing the size of the active validator set to 40 and lowering the inflation rate to 2%."
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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