Taiko (TAIKO) is a decentralized Ethereum-compatible ZK-Rollup designed to scale Ethereum applications with lower transaction fees. More
| Fully Diluted Valuation | $400.15M |
|---|---|
| 24H Trading Volume | $9.65M |
| 24H Low / High | $0.39 / $ 0.41 |
| Circulating Supply | 181.99M |
| Total Supply | 1.00B |
| Max Supply | 1.00B |
| Categories | Layer 2 (L2) 6 more |
|---|---|
| Founder | Daniel Wang |
| Website | taiko.xyz Whitepaper |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Bscscan 5 more |
| Contracts |
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2 more
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| Name | Pair | OG Score |
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Taiko (TAIKO) is a decentralized platform designed to help Ethereum scale. It uses a technology called ZK-Rollup to process transactions more efficiently and at lower costs compared to Ethereum's main network.
What Taiko Offers
Taiko allows developers to move their applications from Ethereum's main network (L1) to Taiko's Layer 2 (L2) without needing to change their code. This transition helps reduce transaction fees significantly while keeping the security features of Ethereum intact.
Key Features
Compatibility and Ease of Use: Taiko is built to be compatible with Ethereum, making it easy for developers to deploy their applications on Taiko's Layer 2 with minimal changes.
Decentralization: Unlike centralized solutions, Taiko operates in a decentralized manner. Anyone can participate in running the network nodes and validating transactions, ensuring resilience and avoiding dependence on single entities.
Scalability and Cost Efficiency: By processing transactions off the main Ethereum chain and then bundling them together for verification, Taiko achieves higher transaction throughput and lower fees, which is essential for supporting a growing number of applications.
Recent Developments
In May 2024, Taiko conducted a large-scale token distribution event, distributing TAIKO tokens to over 300,000 community members. This initiative aimed to increase community involvement and promote decentralized governance.
Applications and Community
Taiko currently hosts more than 100 decentralized finance (DeFi), gaming, social networking, and infrastructure protocols. These applications benefit from Taiko's scalability and cost-efficiency advantages, providing users with a smoother experience.
Future Plans
Looking ahead, Taiko plans to continue improving its infrastructure and developer tools. With ongoing advancements in ZK-Rollup technology and community-driven governance, Taiko is set to play a significant role in expanding Ethereum's capabilities and adoption in the decentralized ecosystem.
In summary, Taiko (TAIKO) offers a decentralized solution to Ethereum's scalability challenges through its ZK-Rollup technology. With its user-friendly approach, active community engagement, and diverse range of applications, Taiko aims to support the growth of decentralized finance and other blockchain-based innovations.
Taiko stands out for its decentralized ZK-Rollup technology, allowing seamless migration of Ethereum applications to Layer 2 with reduced transaction costs while maintaining Ethereum's security.
Taiko was founded by a team led by Daniel Wang, committed to enhancing Ethereum's scalability through innovative ZK-Rollup solutions.
You can buy Taiko (TAIKO) on Bitget, MEXC, Bybit, Gate.io, Crypto.com cryptocurrency exchanges.
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