Polkadot
Good news! DOT can now be used at 20 million merchants in Southeast Asia! AEON announces a strategic partnership with Polkadot to integrate DOT into its Web3 mobile payment product AEON Pay, achieving large-scale application of DOT in real scenarios. In summary: this is not just an integration, but an important step for DOT's practicality to enter the mainstream payment system.
Users can now use DOT for online shopping, offline consumption, dining, and entertainment expenses. The AEON payment network covers 20 million merchants in Southeast Asia and plans to expand into Africa and Latin America, promoting the widespread adoption of crypto payments in emerging markets!
Why is this crucial?
The payment use of DOT has been scaled in real life for the first time
Enhance the 'token value' and user stickiness of DOT
AEON, leveraging Polkadot's security architecture and cross-chain capabilities, aims to build a more reliable and scalable payment infrastructure
AEON's vision is: AI-driven, full-chain support, a Web3 payment framework in the real world. Polkadot's participation brings 'next-generation crypto finance' one step closer. https://x.com/polkaworld_pro/status/1935163054985199681
Latest progress! Elastic Scaling — the 'final puzzle' of Polkadot 2.0 is expected to officially launch in early July! The functional development has been completed, pending the final runtime upgrade. Once deployed, Polkadot will fully enter the 'multi-threaded execution' era! This is not only a technological leap but also a key step for Polkadot towards a truly large-scale parallel world! https://x.com/polkaworld_org/status/1935240313397985464
Latest progress! Parity has completed the migration plan from the relay chain to AssetHub on Westend! The migration time for Kusama/Polkadot has also been determined! Check PolkaWorld's latest progress compiled for everyone:
The AssetHub of Westend has successfully migrated staking and governance functions. This marks Polkadot's official transition from a complex relay chain to a lightweight relay chain architecture. As of the publication of this article, the Subscan block explorer has taken the lead in completing migration adaptation!
The subsequent schedule is as follows:
Kusama will migrate staking, governance, and balances to AssetHub on August 15
Polkadot mainnet: Migration is expected in mid-September
The reserve position of DOT will move from the relay chain to AssetHub, but the asset ID remains unchanged; parallel chains need to update XCM configuration paths as soon as possible
To learn about the impact on developers and users, you can check PolkaWorld's latest article(Breaking news! Polkadot is expected to complete migration in mid-September! Elastic scaling is nearing completion!)
The major deflation proposal for Polkadot has passed Fellowship voting and may usher in a new era of DOT value capture! The latest RFC-0146 proposal has officially passed, which will directly burn 80% of transaction fees from the Polkadot relay chain and its system parallel chains (such as Polkadot Hub), retaining only 20% for incentivizing validators and collators.
Relay chain: Fees originally entering the treasury will be burned, responding to the 'Minimal Relay' direction
System chain: Collator rewards will be reduced from 100% to 20%, with the rest being burned
Meaning: Establish a unified fee rate model, compensate for Coretime usage, promote the effectiveness of DOT deflation logic
The code changes in this proposal are minimal, but the revenue mechanism is clear and powerful — the more active the network, the scarcer the DOT, benefiting all token holders directly.
View the full proposal: RFC-0146 https://polkadot-fellows.github.io/RFCs/proposed/0146-deflationary-fee-proposal.html
Gavin Wood talks about network nations: 'A network nation without territory cannot truly achieve sovereignty'! DAOs, Bitcoin, and crypto protocols are just prototypes. A true sense of belonging comes from rules, language, relationships — and a place you can 'go'. The end of Web3 may redefine 'network nations'~ and Gavin may have quietly started this step: Polkadot Palace may be the beginning of the first Web3 network nation!
Check out Gavin Wood's recent interview in PolkaWorld's latest article(Gavin Wood: USDT is an extremely regulated centralized bank! The more compliant, the further it strays from its original intention?)
The PBA-X online course is the easiest and fastest channel to enter the blockchain world! The third phase of the course is now officially launched! Taught by top core developers from Polkadot, it systematically explains the core mechanisms of Web3 — from cryptography, economic models, governance theories, to blockchain architecture, Substrate framework, and Polkadot SDK, covering it all!
Not just attending classes, but a ticket to enter the forefront of the Polkadot development community.
Combining theory with practice, PBA enables you to truly master the technology and concepts to push the decentralized future.
Whether you are a developer, architect, or a tech enthusiast interested in Web3, this is an in-depth course you cannot miss.
Come join the Polkadot think tank training camp, the next Web3 architect might be you! Sign up now: https://shorturl.at/ZS13s
Last week, a transaction of 922.57 DOT for Coretime sparked heated discussions about Polkadot's business model: Polkadot is known for its 'low-cost high-performance', providing developers with quality block space, but this also exposes a core contradiction — the value of the only block space product, Coretime, is it severely undervalued? If each core needs to generate $300,000 to $400,000 in annual revenue to cover ecological expenses and inflation costs (based on the treasury's annual expenditure of $100 million), the current transaction price is far below this threshold. The automatic renewal mechanism further weakens market pricing power, making it difficult for core prices to truly reflect supply and demand relationships. While technically advanced, does the Polkadot ecosystem also need a deep adjustment of its economic model?
Read the original article from PolkaWorld: (Is Polkadot Coretime undervalued? The latest core sold for 922 DOT!)
Additionally, Gavin mentioned in a recent interview that the Coretime mechanism is the most important pillar of Polkadot's economic model; we need to 'sell' Coretime well to the outside world!
PolkaWorld xiaojie conducted a live proposal session on OpenGov this week! During PolkaWorld's nearly three-month DV term, we have consistently adhered to several principles:
1. For proposals with a profit model, the Polkadot treasury can provide early funding, but a commitment to return is required. The Polkadot DAO urgently needs to introduce the role of 'investment' for the treasury.
2. Current salary levels in the crypto industry fluctuate greatly, but we cannot measure them solely based on the market; we also need to assess them based on delivery quality and real labor costs. For example, Gavin's salary in the technical fellowship is $16,000, but we see some proposals requesting over $20,000 monthly salaries. We currently lack a measurement standard. DV should unite to establish some standards for the Polkadot treasury.
3. Submit a detailed budget explanation, regardless of whether applying for $50,000, $500,000, or $5 million. The detailed standard is to imagine yourself as an ordinary voter; you should be able to judge whether this budget is reasonable at a glance.
Watch the live replay here: https://x.com/polkaworld_org/status/1935957539574931878
The Polkadot staking panel has undergone a major upgrade! It has been completely restructured to be faster, simpler, and introduces a series of practical features. You can easily start your staking journey with just 1 DOT! Highlights of this upgrade include:
✅ Brand new reward calculator
✅ Wallet fully compatible (supports unified management)
✅ Beginner-specific 'easy mode' for barrier-free entry
✅ Multilingual support launched
🔍 Want to learn more detailed updates? Click to see. https://x.com/Polkadot/status/1935778649544049025
Bill Laboon from the Web3 Foundation attended an offline event in Crypto Valley, where he deeply analyzed the fully autonomous DAO operating on Polkadot: an on-chain governance system where token holders directly vote on key matters such as code upgrades and fund management. This DAO has processed over 2,000 decisions and manages funds exceeding $100 million. However, autonomy does not equate to painlessness. With a large influx of complex proposals, voter fatigue has begun to emerge. In response, Polkadot introduced the role of governance coordinator to facilitate consensus in the community and adopted a 'voting lock mechanism' to reward long-termists. Learn more here: https://x.com/BillLaboon/status/1935965778123092113
Ecological projects
Hydration team member lolmcshizz tweeted that GIGAETH may be launched on June 30! Hydration referendum #100 has been officially released, proposing to whitelist all referendums related to the launch of GIGAETH to clear the final obstacles for the mainnet launch. If the proposal passes, four key features will be unlocked on the day of GIGAETH's launch:
Support free exchange between native ETH, wstETH, and GIGAETH
Native ETH can be used as collateral to borrow stablecoins
GIGAETH can be used as collateral to participate in lending
GIGAETH can join Omnipool to participate in liquidity mining
Polkadot DeFi is about to reach a critical moment; GIGAETH will become an important bridge connecting the ETH and DOT ecosystems, stay tuned! https://x.com/polkaworld_pro/status/1935889591623700921
Additionally, the 200 DOT incentive plan for GIGAHydration will launch on June 27! Since May 26, Polkadot referendum #1542 has approved 5,000,000 DOT to enter the Hydration sub-account, and Hydration is now initiating a proposal requesting the technical committee to undergo a whitelist referendum, ensuring seamless connection of GIGAHydration-related processes! This proposal specifically includes:
Hydration returns 3,000,000 DOT to the Polkadot treasury
Withdraw 2,000,000 DOT to Hydration Treasury
Mint 2,000,000 DOT worth of vDOT
Initiate the DCA plan from vDOT to GIGADOT
Deploy the first batch of GIGAHydration Farming
First batch of Farming: duration of 3 months, with a BOOST POT, rewards acceleration pool determined by HDX holders' votes every 3 weeks.
Funding plan: These 2 million DOT will be injected into liquidity in stages over 6 months.
If the proposal passes and receives a whitelist from the technical committee, the GIGAHydration event will officially kick off on June 27! https://x.com/polkaworld_pro/status/1935542303294373915
Has Mythos risen? In the past 30 days of L2 transaction fee revenue, Polkadot's Mythos accounted for $1.6 million, ranking third with 13.8%! Surpassing OP Mainnet ($1.1 million)!
Mythos is a Polkadot-based chain focused on gaming and entertainment, featuring projects like @FIFARivals and @PlayNFLRivals. What does its success indicate?
Games are the most authentic source of user demand
High-quality content + Web3 business model = Payment capability
Although Base is still first, Mythos is the most noteworthy dark horse. Because @FIFARivals has just launched, and the Fat Penguin game hasn't started yet ~ https://x.com/polkaworld_pro/status/1935193868024397910
Polana: Reviving Solana on JAM!
Polana is doing something big: perfectly transplanting Solana's development experience and account model to Polkadot's JAM protocol, unleashing unprecedented performance and parallelism:
✨ Compatible with Solana programs, wallets, and RPC, no code modification required
🧠 Support continuous execution models, adapting to high-frequency trading, GameFi, dynamic NFTs
⚙️ Multi-core parallel execution, TPS potential reaches millions
🌉 Introduce pSOL to connect the liquidity of Solana and Polkadot assets
The RISC-V architecture of JAM + Polana's parallel execution strategy allows Solana, originally 'limited to single-machine', to truly enter the multi-core expansion era. Polana is making 'Solana's speed + Polkadot's architecture' a reality. https://x.com/polkaworld_org/status/1936079140752703861
The second day of the BLAST.tv Austin Major has kicked off! Nova Wallet is collaborating with HEROIC to guide players to experience Novawallet on-site! Web3 is merging into the esports scene, don’t miss this new gameplay! https://x.com/NovaWalletApp/status/1936137947364896977
