Polygon Miden Developing Miden Compiler to Support Smart Contracts in Rust
Polygon Miden Developing Miden Compiler to Support Smart Contracts in Rust
Polygon Miden is developing the Miden Compiler, which will allow the rollup to support smart contracts written in Rust and potentially other developer-friendly languages in the future. The compiler has two main uses: as a backend for existing languages to target Miden Assembly, and as a tool to compile WebAssembly code to Miden Assembly. The codebase is divided into Miden HIR, a Wasm frontend, and the midenc command-line tool. The pipeline of the compiler consists of converting programs compiled to .wasm to HIR and then compiling them to Miden Assembly.
The Miden Compiler is being developed at Polygon Miden so that the rollup can support smart contracts written in Rust and possibly other developer friendly languages in the future. It can be useful in two ways: -As a compiler backend for existing languages that wish to target
The Future of DeFi: Key Trends and Developments
A comprehensive analysis of DeFi's evolving landscape reveals several key trends to monitor: - *Layer 2 Solutions* continue gaining traction, with zkSync and Starknet leading adoption - *Real World Assets (RWAs)* are increasingly being tokenized, bridging traditional finance with DeFi - *Institutional Interest* grows as regulatory clarity improves - *Cross-chain Interoperability* becomes crucial for ecosystem growth The market shows maturity with improved infrastructure and security measures. Notable developments in lending protocols and DEX aggregators suggest a shift toward more sophisticated financial products. **Key Focus Areas:** - Regulatory compliance - Scalability solutions - User experience improvements - Risk management protocols
ZK Innovation and Ethereum Scaling Update
The ZK ecosystem continues steady development toward scaling solutions on Ethereum. Key developments include: - Ongoing research and implementation of zero-knowledge proof systems - Progress on Layer 2 scaling solutions using ZK technology - Collaboration between teams working on complementary ZK projects Technical milestones remain on track for Q1 2025 deliverables. Teams are focused on security audits and testing infrastructure. *Note: This is a developing story with more details expected in upcoming releases.*
Reddit's Web3 Success Story: 34M Users on Polygon
Reddit has achieved remarkable success in web3 adoption through Polygon, with 34M users minting collectible avatars without explicitly realizing they're using blockchain technology. Key highlights: - Partnership leverages Reddit's engaged community and Polygon's scalable infrastructure - Successful artist collaborations with NFT communities like CoolCats, Deadfellaz, and NyanCat - Community-built marketplace RCAX.io enables avatar trading - Regular new avatar releases and special airdrops for WSB users The initiative demonstrates how blockchain technology can be seamlessly integrated into mainstream platforms while prioritizing user experience and community engagement. [View detailed stats](https://dune.com/0xmartijnb/reddit-avatars)
Wyoming Stable Token Commission Launches Stablecoin on Polygon Testnet
The Wyoming Stable Token Commission has achieved a significant milestone by deploying their state-backed stablecoin on the Polygon testnet. This development comes after 18 months of research and preparation. Key points: - First U.S. state-backed stablecoin to reach testnet phase - Built on Polygon's infrastructure for scalability - Follows Wyoming's progressive stance on digital asset regulation The launch represents a concrete step toward Wyoming's goal of implementing government-issued digital currencies, positioning the state as a pioneer in blockchain adoption.
First Regulated Real Estate Token Trading Platform Launches on Polygon
**REX**, a regulated trading platform for tokenized real estate, has launched on Polygon PoS, marking a significant development in property investment accessibility. Key features: - First regulated secondary market for property-backed tokens - Enables fractional investment in residential, commercial, and luxury real estate - Built by DigiShares with U.S. regulatory approval - Offers low-cost, rapid settlement via Polygon - Plans for global expansion and Agglayer integration The platform addresses the longstanding liquidity challenges in real estate, the world's largest but traditionally illiquid asset class. [Read more on Cointelegraph](https://cointelegraph.com/news/tokenized-real-estate-trading-platform-launches-polygon)