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Worldcoin (WLD) Skyrockets 17% Amid World Chain, Dune Linkup

  • Dune Analytics will bring visibility to its L2 protocol World Chain.
  • The Worldcoin protocol has maintained an intense growth trend and innovation.
  • The Broader Ethereum L2 ecosystem has continued to grow.

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.

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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.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Godfrey Benjamin
Godfrey Benjaminhttps://www.thecoinrepublic.com/
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.