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Blockchain Press Releases

NEAR Foundation launches NEAR DA to offer secure, cost-effective data availability for ETH rollups and Ethereum developers

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NEAR moves into the modular blockchain landscape with the lowest-cost DA offering in the Web3 market today

LISBON, Portugal, Nov. 8, 2023 /PRNewswire/ — NEARCON: The NEAR Foundation today announced the rollout of the NEAR Data Availability (NEAR DA) layer, a groundbreaking innovation that offers robust, cost-efficient data availability for developers building Ethereum rollups.

Launched with Madara by StarkNet, Caldera, Fluent, Vistara, Dymension RollApps, and Movement Labs as its first users, NEAR DA’s entry into the data availability landscape builds upon the NEAR Protocol’s 3+ years as an established, secure, and reliable blockchain with 100% uptime. NEAR provides all the guarantees of a scalable layer-one network that is also more cost-effective than other DA solutions––for instance, posting rollup data on NEAR would be 8,000 times cheaper than posting on Ethereum.

Designed to scale Ethereum cheaply and reliably, NEAR DA offers immediate benefits to Web3 founders exploring the modular blockchain development landscape. The new layer supports Ethereum L2s that want to continue building on ETH without the high cost of posting data. It will also support high-quality projects looking to launch an app-chain or an L2.

The negligible, predictable gas fees and cost-effectiveness of NEAR DA let developers build more accessible applications for their end-users. As of September 2023, posting 100kB of calldata on Ethereum L1 for optimistic rollups would cost roughly $26.22, while posting the same amount of data on NEAR Protocol would cost $0.0033. Projects can pass those benefits along to their user base while still remaining integrated with the broader Ethereum ecosystem.

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Illia Polosukhin, co-founder of NEAR Protocol, said: “Offering a data availability layer to Ethereum rollups highlights the versatility of NEAR’s tech while also helping founders from across Web3 deliver great products that bring us closer to mainstream adoption of the Open Web. NEAR’s L1 has been live with 100% uptime for more than three years, so it can offer true reliability to projects looking for secure DA while also being cost-effective. NEAR provides great solutions to developers no matter which stack they’re building on and now that includes the Ethereum modular blockchain landscape.”

By opening up its blockchain for data availability, NEAR Protocol is expanding its offerings to deliver a modular blockchain development framework that lets Web3 developers and founders continue building on Ethereum while leveraging NEAR’s state-of-the-art tech for one part of the stack, depending on their requirements. NEAR DA expands the capabilities of NEAR’s Open Web Stack, a common entry point where developers and users alike can easily build, browse, and discover Web3 products and platforms. This includes FastAuth onboarding to an account in seconds with zero crypto or seed phrases required, as well as the ability to create decentralized frontends from a library of thousands of components.

Developers and founders building on Ethereum rollups interested in using NEAR DA can visit near.org/data-availability to get started.

About NEAR Foundation

The NEAR Foundation is a Switzerland-based non-profit foundation whose mission is to enable community driven innovation to benefit people around the world. One of its core areas of focus is the NEAR ecosystem, which includes a fully operational decentralized Blockchain-based platform for building decentralized applications.

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NF carries out its mission, primarily through the allocation of support and resources to other nodes in the near ecosystem, rather than via direct intervention or operations.

NF’s ultimate goal is to minimize its own scope and footprint by continuing to divide functions and resources to the ecosystem; and support the development of decentralized infrastructure necessary for those ecosystem functions to operate in a self-sufficient manner. For more information visit the website, follow us on social, or join our communities:

NEAR Foundation X/Twitter: @nearprotocol
NEAR Foundation Telegram: @cryptonear

Media contacts:

Georgia Hanias
NEAR Foundation
[email protected]
+44 (0) 7812 211403

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Blockchain Press Releases

K9 Finance DAO Joins Google for Startups Cloud Program

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PANAMA CITY, March 31, 2025 /PRNewswire/ — K9 Finance DAO, the leading liquid staking platform and largest validator on the Shiba Inu Layer-2 blockchain, Shibarium, is joining the Google Cloud for Startups Program, which will allow it to utilize Google Cloud credits and access Google Cloud’s infrastructure and technologies.. This will power the development of critical infrastructure on Shibarium by enhancing the ecosystem’s scalability, security, and liquidity through innovative decentralized finance (DeFi) solutions. Additionally, K9 Finance DAO’s membership in the Google for Startups Cloud Program will support the creation of AI-powered DAO governance and operational tools, such as an AI agent to streamline community participation, further strengthening K9 DAO’s role in the Shiba Inu ecosystem.

“We’re honored to join the Google for Startups Cloud Program,” said Buzz, K9 DAO lead. “This accelerates our mission to bring advanced decentralized finance tools to Shibarium’s infrastructure. It also gives significant room to innovate in the AI sector for the Shiba Inu community.”

K9 Finance DAO enables users to stake their BONE tokens, receiving liquid tokens in return that unlock a range of DeFi opportunities while keeping assets accessible.

As the largest validator on Shibarium, K9 Finance DAO secures the network with over 2.5 million BONE tokens delegated to its validator, maintaining a perfect 100% uptime, according to Shibarium’s validator data. This leadership role reinforces Shibarium’s decentralization and reliability. Additionally, K9 Finance holds the highest Total Value Locked (TVL) on Shibarium, currently at $1.31 million, as reported by DeFiLlama and https://defillama.com/chain/Shibarium, highlighting its dominance in the ecosystem’s DeFi landscape.

K9 DAO has also open-sourced all Shibarium blockchain data using Google’s BigQuery to give further transparency to the ecosystem and give future builders the tools they require to create a decentralized financial future within the Shib Inu community.

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About K9 Finance DAO

K9 Finance DAO is the official liquid staking platform and largest validator on Shibarium, committed to advancing DeFi within the Shiba Inu ecosystem. By allowing BONE holders to stake their tokens, earn rewards, and participate in governance with liquid assets, K9 Finance drives innovation and strengthens Shibarium’s infrastructure. Learn more at https://www.k9finance.com.

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Blockchain Press Releases

MEXC Confirms Listing of GUNZ (GUN), Launches 180,000 USDT Prize Pool for Users

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VICTORIA, Seychelles, March 31, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, confirms the upcoming listing of GUNZ (GUN) on March 31, 2025(UTC). To celebrate this listing, MEXC is launching a special event with a prize pool of 180,000 USDT for new and existing users.

GUNZ (GUN) is a Layer-1 blockchain developed by Gunzilla Games, designed to power AAA Web3 gaming. Originally created to support the community-driven economy for Gunzilla’s flagship title, Off The Grid (OTG), GUNZ has evolved into a full-featured platform offering blockchain-native infrastructure essential for modern game development. By leveraging blockchain technology, GUNZ aims to provide both developers and players with the tools needed for a decentralized, secure gaming ecosystem.

To celebrate the listing of GUNZ (GUN) on MEXC, the exchange has launched an exclusive Airdrop+ event with substantial rewards for participants:
Event Period:  Mar 28, 2025, 11:00 (UTC) – Apr 11, 2025, 11:00 (UTC)
Benefit 1: Deposit and share 90,000 USDT in Futures bonus (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 10,000 USDT in Futures bonus (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 USDT in Futures bonus (For all users)

The listing of GUNZ (GUN) not only broadens MEXC’s asset portfolio but also underscores MEXC’s first-mover advantage in bringing innovative blockchain projects to its users. MEXC has solidified its position as an industry leader through its efficient asset listing strategy and broad selection of trend tokens. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings.

According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings at 461 and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to quickly capture market trends.

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MEXC will continue to provide users with early access to promising projects, while leveraging platform advantages such as low fees, deep liquidity, and daily airdrops to ensure an optimal trading experience.

For full event details and participation rules, please visit here.

About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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Logo – https://mma.prnewswire.com/media/2645195/MEXC_Logo.jpg

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Blockchain Press Releases

MEXC Unveils MNT Promotion Offering Up to $1 Million in Rewards

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VICTORIA, Seychelles, March 31, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has announced a groundbreaking partnership with Mantle (MNT) to launch an exclusive month-long trading campaign with a prize pool of up to $1,000,000, offering users an opportunity to earn substantial rewards.

The event presents a range of valuable opportunities for users:

  • Zero trading fees on MNT Spot and Futures markets, helping users reduce costs and optimize returns.
  • Up to 500% APR through MNT staking, offering one of the most competitive yields currently available.
  • Token rewards via Launchpool, where users can stake USDT, MX, or MNT to earn additional MNT tokens and exclusive benefits.

Additionally, users can join the Deposit & Trade campaign, designed with a low entry threshold—ideal for newcomers looking to explore the ecosystem. For seasoned traders, the Futures Trading Competition provides a platform to demonstrate their trading expertise, climb the leaderboard based on trading volume, and compete for a share of the $300,000 prize pool.

Event Overview

Period: March 31, 2025, 10:00 – April 30, 2025, 10:00 (UTC)

During the event period, users can participate in the following MNT-related activities on the platform by clicking on the links below.

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Event 1: MNT trading (Spot and Futures) is available with zero trading fees.

Event 2: Users who deposit and trade MNT on the Spot market may qualify to share a pool of 113,340 MNT.

Event 3: MNT staking offers returns of up to 500% APR, subject to platform terms.

Event 4: A Futures Trading event allows participants to compete for a share of 300,000 USDT in bonus rewards.

Event 5: The MNT Launchpool enables users to stake selected tokens in exchange for a portion of 240,000 MNT in rewards.

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As a pioneering Layer-2 scaling solution for Ethereum, Mantle uses Optimistic Rollup technology to lower transaction costs and improve network performance. This collaboration highlights MEXC’s leadership in backing innovative blockchain projects and its unwavering commitment to offering users diverse, cutting-edge trading opportunities, lowering costs and helping them maximize their potential returns.

Looking ahead, MEXC is committed to continuously enhancing the trading experience by introducing innovative features, expanding user opportunities, and launching new initiatives aligned with the dynamic nature of the cryptocurrency market.

For further details on the event, please see the official announcement.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

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MEXC Official Website X Telegram |How to Sign Up on MEXC

Risk Disclaimer:

The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

Photo – https://mma.prnewswire.com/media/2653614/1920×1080.jpg
Logo – https://mma.prnewswire.com/media/2645195/MEXC_Logo.jpg

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