thecoinrepublic.com
A new development has triggered Worldcoin (WLD) to rally 15% in the past 24 hours after displaying volatility earlier. Worldcoin announced that it has entered a strategic partnership with Dune Analytics to bring on-chain data and insights access to World Chain.
Once the World Chain mainnet goes live, the World community is billed to gain access to on-chain data and insights.
In a follow-up update, Dune said it would work with Worldcoin to bring visibility into the privacy-preserving human identity network.
Formidable Alliance Between Dune And Worldcoin
World Chain is an open-source, permissionless Layer-2 blockchain built on OP Stack as part of the Superchain. The permissionless identity protocol allows individuals to prove their humanness in the digital world while preserving their privacy. With the new Worldcoin-Dune alliance, developers can explore key metrics.
This includes the number of real humans interacting with the chain. Users can also explore the performance of Decentralized Finance (DeFi) protocols or DEXs built on the World Chain.
For Dune, this partnership presents a means to reach Worldcoin’s community of more than 6.8 million unique humans. Also, it sets the stage for collaboration with the Worldcoin Foundation and project contributors such as Tools for Humanity.
According to Remco Bloemen, the Head of Blockchain at the Worldcoin Foundation, the project aims to ensure that blockchain first benefits humans. This formed the premise for Dune’s partnership with the firm.
In the future, both parties plan to explore other innovations as they work towards improving the first blockchain centered around humans.
“With Dune’s powerful analytics tools, we can provide users and developers with accessible on-chain data, empowering them to make informed decisions and drive innovation on World Chain,” Bloemen noted.
WLD Price Now 17% Higher
In the wake of this development, market data shows that WLD price has surged by 17.42% in the last 24 hours. At the time of this writing, the native token of the Orb verification solution provider traded at $1.94.
The token is gradually approaching the $2 resistance level. With the current hype, it may eventually reach this level once the World Chain mainnet goes live. The potential phase will likely bring new use cases that may drive demand for the token.
Other WLD key metrics are equally bullish. Regarding market cap, WLD is the 66th largest cryptocurrency, valued at $1.01 billion. The trading volume is $222.16 million, corresponding to a 34.62% increase in the last 24 hours.
Uniswap Launch Unichain To Expand Ethereum L2 Ecosystem
In related news, Uniswap recently introduced Unichain its own Ethereum Layer-2 solution to dominate the DeFi ecosystem. This solution boasts cross-chain interoperability, a decentralized validator network, and faster speed. It is worth noting that Uniswap came up with this solution as DeFi protocols built on Ethereum face challenges of reduced speed and high transaction costs.
The developers designed Unichain as an open-source blockchain so that other chains could adopt it. Uniswap created Unichain’s technical architecture in collaboration with Flashbots, Optimism, and Flashbots.
Unchain aims to deliver fast, near-instant transaction settlement capability, among other features.