#GnosisChain :Recent Developments and Future Prospects
March 26, 2025
Gnosis Chain, one of the first Ethereum sidechains, has been making strides with new integrations and governance proposals. The network continues to evolve, with key developments that could shape its future.
Shutter API Goes Live
The much-anticipated Shutter API is now active on Gnosis Chain, providing developers with a powerful threshold encryption service. This enhancement aims to improve privacy and security across applications built on the network.
StargateDAO Expands to Gnosis Chain
StargateDAO recently approved a proposal to deploy liquidity pools on Gnosis Chain. This move connects Gnosis with the omnichain ecosystem, boosting cross-chain functionality and increasing its DeFi potential.
Proposal to Make GNO Native to Gnosis Chain
A crucial discussion is underway regarding the migration of GNO from Ethereum to Gnosis Chain. This proposal seeks to reduce reliance on Ethereum while enhancing network security. If implemented, it could significantly alter the token’s role within the ecosystem.
GNO Price Update
As of today, $GNO is trading at $131.12, reflecting a 0.95% decline over the past 24 hours. The token’s price has fluctuated between $130.96 and $132.90 within the same period.
With these ongoing developments, #GnosisChain continues to position itself as a key player in the blockchain space, pushing for greater efficiency, security, and decentralization.
