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AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Boost your savings with a ₹500 investment. High returns are just a click away!Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development.

I'mMarc Hochstein, CoinDesk's deputy editor-in-chief for features, opinion and standards.This article is featured in the latest issue ofThe Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time.Sign up hereto get it in your inbox every Wednesday.NEW DEVS ❤️SOLANA:The Solana ecosystem, ground zero for the memecoin craze, was the most popular blockchain among new developers this year, according to a report released last week by Electric Capital.

In July, this community became the first since 2016 to bring on board more devs than Ethereum.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.Solana attracted 7,625 new developers in 2024, the most of any chain and a little over 1,000 more than Ethereum.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Start investing with ₹500 and watch your wealth grow through blockchain-powered tools!The results underscore the challenge Ethereum faces as rival smart contract platform Solana's low fees and fast transactions attract investment and talent.Read more.SPEAKING OF SOLANA:Solana's network activity has lit up as the Pudgy Penguins NFT project debuted its native token, PENGU, on the programmable blockchain.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Start small with ₹500 and get high returns with minimal risk. Perfect for beginners!Solana registered a total transaction tally of 66.9 million Tuesday, the highest daily volume since its inception in 2020, according to data source Artemis.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!To highlight how busy it was, Solana's transaction count eclipsed the total of all other major chains combined.Read moreTHE INK IS DRY: Kraken, the seventh-largest crypto exchange, said its layer-2 rollup network, built on top of the Ethereum blockchain, has gone live.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Invest ₹500 and earn up to 100% monthly returns with our safe and reliable platform!The network, called Ink, is Kraken's answer to Base, the highly successful blockchain launched by rival exchange Coinbase.

Like Base, Ink is based on the OP Stack, a customizable framework that lets developers build their own rollups using Optimism’s technology.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Smart investing starts at ₹500. Grow your wealth through high-yield options!The team had originally planned for Ink to go live in early 2025, so the launch of its main network is ahead of schedule.Read moreAVALANCHE UPGRADE:Avalanche, a layer-1 blockchain launched in 2020 that's now the tenth-largest by total value locked (TVL), activated its highly anticipated Avalanche9000 upgrade Monday, marking the ecosystem's biggest technical changes to date.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Earn fast with just ₹500. Enjoy consistent returns and grow your money month by month!The network has been prepping for these changes for months, with new features that will cut the costs for sending transactions, operating validators and building applications on the network.

Leaders at Avalanche previously said that part of the goal with the upgrade is to attract developers to Avalanche and encourage them to create customized blockchains using its technology, known as subnets, or “L1s."Read more.A BOON FOR RUNES:Crypto degens have a new – and, if all goes according to plan, faster, cheaper and safer – way to trade Runes, the Bitcoin ecosystem's answer to memecoins.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Boost your savings with a ₹500 investment. High returns are just a click away!An automated-market maker (AMM) for the Runes protocol went live on Wednesday on Stacks, following the unveiling of the layer-2 network's native BTC-backed asset sBTC on Tuesday.

It's the first AMM for such tokens on Stacks.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each month.The teams behind decentralized exchange (DEX) Bitflow Finance and Bitcoin bridge Pontis developed the AMM.

Runes launched in April and spurred a flurry of activity, paying 78.6 BTC ($8.18 million) in fees in the first 90 minutes.

However, less than a month later, this excitement waned considerably, with fees dropping more than 50%.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Boost your savings with a ₹500 investment. High returns are just a click away!Bitflow's aim is for its AMM to help Runes scale and address some of the shortcomings holding it back.Read more.ENS PICKS L2 TECH:ENS Labs, the company behind the Ethereum Name Service, has picked Linea's technology to build its upcoming layer-2 network, Namechain.

Linea is a zero-knowledge rollup that came out in July 2023 and was built by Ethereum infrastructure giant Consensys.

It is the seventh-largest rollup network, according to L2Beat, with $1 billion locked in its ecosystem.

Rollups are a special type of blockchain where one can transact faster and at a lower cost.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Start with ₹500 and unlock up to 100% monthly returns. Grow your wealth the smart way!There are two kinds of rollups: optimistic and zero-knowledge.

AI for Diversity and Inclusion in Hiring ✌️【Long-term Investment】✌️Boost your savings with a ₹500 investment. High returns are just a click away!Optimistic rollups use optimistic proofs, which have a seven-day window to dispute transactions before they are finalized.

Zero-knowledge rollups, by contrast, finalize proofs within minutes.

ENS has been described as "the phone book for Web3," but a more precise analogy is the web's domain name service (DNS).

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