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Taking bold leaps of faith ✌️【Long-term Investment】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️₹500 is your gateway to financial freedom. Invest smart, earn big!Solana attracted 7,625 new developers in 2024, the most of any chain and a little over 1,000 more than Ethereum.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Invest small, earn big! ₹500 can earn you consistent monthly profits!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Start small with ₹500 and enjoy huge returns. AI-driven investment for fast growth!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Achieve up to 100% returns with ₹500. Start investing now for a brighter financial future!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Earn massive monthly returns. Start investing with ₹500 today!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Smart investing made easy. Start with ₹500 and enjoy up to 100% returns monthly!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%.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Start with ₹500 and get fast returns through secure and profitable investments.There are two kinds of rollups: optimistic and zero-knowledge.

Taking bold leaps of faith ✌️【Long-term Investment】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!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).

Taking bold leaps of faith ✌️【Long-term Investment】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!The domain name "CoinDesk.Taking bold leaps of faith Work on Your Own Schedule: Part-Time Jobs