Gnosis Chain Validator Recap - October '23

The Gnosis ecosystem is spotlighting several key projects building on its network: - **Picnic** - A project utilizing Gnosis infrastructure - **CoW Swap** - Decentralized exchange protocol - **Safe** - Multi-signature wallet solution - **Circles** - Universal basic income protocol - **Zeal Wallet** - Wallet application These projects represent the diverse range of applications being developed on Gnosis Chain, from DeFi protocols to wallet solutions and social finance experiments.

**Gnosis Chain has established dominance in Latin American stablecoin transactions**, capturing 85% of the local stablecoin market share in the region. **Key metrics from January 2026:** - Over 490,000 transactions processed - Nearly $100 million in transaction volume - 300% market cap growth in two months The network has seen increased circulation of multiple stablecoins including USDC.e, EURe, BRLA, and ZCHF. This growth strengthens Gnosis Chain's position as a stablecoin settlement layer, particularly for non-USD denominated assets. The platform is positioning itself as the infrastructure of choice for payment solutions targeting Latin American markets.

The Gnosis app has introduced a new offering combining Circles and Fileverse Floppy Disk technology. **Key Features:** - Permissionless onchain collaboration - Private and real-time functionality - Built on Gnosis Chain infrastructure The tool enables encrypted, decentralized collaboration directly onchain. Users can access the new feature through the Gnosis app now. This builds on Fileverse's previous work on Gnosis Chain, which emphasized customizable and encrypted decentralized solutions.

Trustless agents are now operational on Gnosis Chain, enabled by the **ERC-8004 standard**. The standard introduces portable identity and reputation for AI agents across the ecosystem. This means: - Agents can carry their identity and track record between different platforms - Developers gain better discoverability for their agents - Cross-organizational interactions become possible without intermediaries The launch creates infrastructure for an **open agent economy** where autonomous programs can build reputation and operate across organizational boundaries. This follows similar deployments on Scroll and other chains.

**Gnosis Chain node operators have until December 22, 16:00 CET** to implement a hard fork that could restore funds to victims of the Balancer exploit. The update releases are now available for download and execution. This hard fork represents a potential solution for recovering assets lost in the recent Balancer security incident. **Key details:** - Deadline: December 22, 16:00 CET - Purpose: Enable fund recovery for exploit victims - Action required: Node operators must update their systems The Balancer team previously attempted to contact the exploiter through on-chain messages, offering a path for voluntary fund return. This hard fork approach suggests the community is moving forward with a technical solution. Node operators can find additional information and participate in discussions through the official forum.