Welcome back to another edition of the ValiDAO Digest!

Each week, we update our dear readers with all the major developments happening within the ecosystems where we operate, provided by your very own local, organic, seed-oil-free validator.

Story:

Following the current Iliad testnet using the CosmosBFT, Story Protocol announces the upcoming Odyssey testnet, featuring major technical upgrades for the network.

Story has also just released the Troy update, upgrading the Proof of Creativity protocol through a new Grouping and Royalty Module.

Solana:

One of the biggest announcements at Solana Breakpoint was the launch of Firedancer, a highly performant validator client that claims to enable 1M transactions per second (TPS), on testnet.

This announcement comes in conjunction with Frankendancer, a hybrid validator client that combines parts of Firedancer with Solana's current client on mainnet.

Hyperliquid:

The Hyperliquid team seems to be in the final phases of rolling out the HyperEVM for mainnet, with a bug bounty for whitehats and developers to pressure test the EVM on testnet.

Additionally, the Hyperliquid Season 2 points campaign ends this coming week, which have been distributed for spot & perps volume since May earlier this year.

Drop:

Just last week, announced their token incentive program, where 10% of Drop's token supply will be distributed to those who stake ATOM for their liquid staking token (LST).

Off the back of this alongside various integrations and boosters for interacting with other applications, TVL has been steadily growing to over $14M since its launch last month.

Celestia:

One of the biggest highlights within the modular ecosystem this week was Celestia's announcement of a $100M raise, primarily from VCs in the early seed round.

With a major discussion revolving around Celestia's upcoming unlock, this comes as a show of confidence for the modular vision (e.g. Chris Burniske continues to stay bullish on Celestia).

Initia:

While on the topic of new raises, Initia announced an additional $14M in Series A funding, bringing their total raised amount to $22.5M.

With Initia's mainnet launch in the coming months, the modular ecosystem is continuing to make massive strides in scaling and unifying blockchains as a whole.

Conclusion:

And that's it for this week!

As always, we're committed to providing free-range, locally sourced, and seed-oil-free consensus services from geographically diverse locations.

Until next time!