Agoric, a layer 1 blockchain designed for chain abstraction, has recently announced several significant developments that will enhance its ecosystem and provide new opportunities for its community and developers.
Last week, Agoric had announced the launch of its Orchestration API, which is “designed to revolutionize multi-blockchain coordination.”
This toolset enables developers to create Web3 applications “that coordinate digital assets and services across multiple blockchains.”
The Orchestration API simplifies complex multi-chain interactions, “facilitates cross-chain programmability, and unlocks liquidity by enhancing composability across various protocols.”
Key Features of the Orchestration API:
- Cross-Chain Programmability: Allows for the creation of applications that can interact
with multiple blockchains using simple JavaScript APIs. - Enhanced User Experience: Simplifies complex multi-chain interactions, enabling
one-click user experiences. - Unlocking Liquidity: Facilitates composability across different protocols, unlocking
liquidity across various blockchain ecosystems.
In conjunction with the Orchestration API, Agoric announced “that Upgrade 16 has
successfully gone live on the mainnet.”
This is the largest upgrade in Agoric’s history, “bringing essential features to support the Orchestration API and improving the overall platform’s capabilities.”
Key Improvements in Upgrade 16:
- Orchestration Core Capabilities: Fundamental features to support the new
Orchestration API. - Upgraded Interchain Stack: Improved interoperability across blockchain ecosystems.
- Mainnet Performance Improvements: Increased efficiency and scalability for the
Agoric platform. - VaultFactory Upgradability: Easier upgrades for the Inter Protocol VaultFactory.
Agoric’s BLD Token Now Listed on BitMart
Further expanding its reach, Agoric’s native token, BLD, has now reportedly “listed on BitMart Exchange, giving their community access to the staking and governance token for the Agoric orchestration platform.”
Deposits are already open, and the BLD/USDT trading pair will be “available starting
tomorrow, July 25, 2024, at 15:00 UTC.”
This listing on BitMart enhances the liquidity and “accessibility of the BLD token, allowing users worldwide to participate in the Agoric ecosystem.”
Key Highlights:
- Enhanced Liquidity: The listing on BitMart provides increased liquidity for the BLD
token, making it easier for users to buy, sell, and trade. - Broader Access: BitMart’s global platform offers broader access to BLD, allowing users
worldwide to participate in the Agoric ecosystem. - Community Growth: This development is expected to strengthen their community by
attracting new users and fostering greater engagement.
