August witnessed an explosion of progress for Persistence and our community. Our liquid staking protocol pSTAKE continued to confidently find its footing in the industry and began making waves, consistently smashing through TVL milestones, while the TVL of XPRT pools on Osmosis and Emeris continued to rise sharply.
We surpassed a whopping 200,000 transactions on the Persistence network with over 13,500 XPRT wallets created. Our team set a Spartan pace as we built connections and relationships with some of the finest folks in the cryptosphere. The media continued to follow our efforts and we were featured in several major publications including Cointelegraph & DeFi times.
We also ran several community campaigns to engage and grow our supporter base and continued to highlight our superstar community members as we pushed ahead on our journey to usher in new asset classes together.
Major Highlights: 🚀
>We crossed an incredible 200,000 transactions of XPRT with over 13,500 wallets created; our network is strong and the growth is phenomenal!
>The TVL in pSTAKE rocketed up, almost 10x from $250,000 on 08/01 to $2.3 million on 08/29, with no signs of slowing down. Start your journey with pSTAKE today!
>Our TVL in Osmosis DEX exploded to over $35 million between our two pools, XPRT/ATOM & XPRT/OSMO. Osmosis is a great DEX with incredible APRs — check it out here.
>Our CEO, Tushar Aggarwal, took center stage on Startup Saturday where he explained how to fundraise in the crypto-startup space.
>XPRT was listed on Trading View, allowing in-depth technical analysis with a variety of high-powered tools.
Ecosystem Updates: 🌐
>Persistence exceeded a block height of 2 million; this represents a major milestone and highlights the stability of the Persistence network.
>Emeris DEX launched its Beta and our XPRT/ATOM pool rapidly exceeded $1.5 million in TVL.
>We introduced Cohort-2 for the Persistence validators program, offering extra incentives to those validators who demonstrate commitment to adding value to the Persistence ecosystem.
>We joined forces with InfStones as a Persistence mainnet validator, leaving our network more secure for the partnership.
Product and Community: 🦾
>We concluded our epic Treasure Hunt which saw community members rewarded for completing a series of competitive tasks and learning about pSTAKE as they went.
>We released a Ledger support tutorial in video format, making it easier than ever to integrate your wallet!
>We ran a pSTAKE tutorial competition, which saw dedicated community members competing to showcase their skills with pSTAKE and educating others.
>Cryptocito was named our Champion of Champions, Great work Cryptocito!
>We hosted an incredible AMA with our Russian community.
>The Persistence Twitter following went from strength to strength in August, surpassing a whopping 25,000 followers.
>We announced the winner of our prestigious Staking Gala, who demonstrated skill and efficiency. The Gala was held in July to further refine our liquid staking solution before mainnet launch.
>pSTAKE surpassed 4,000 Twitter followers; a further indication that our liquid staking protocol is building momentum strongly.
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets.
The Persistence chain facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.
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