Crypto Market Trends in 2023

Benjamin Lochlan

November 19, 2024

News & Updates

SEDA Community Update March 2025

The end of Q1 brings with it the final stages of the Sherlock audit and we now welcome the home sprint to the mainnet rollout. An exciting Q2 lays ahead with the SEDA Engineering and Ecosystem teams firing on all cylinders.

In additional to the final steps of the audit, the BD team has been working on locking in launch partners and speaking with networks, RWA providers, bridges and DeFi protocols across the ecosystem, validating the immediate need for programmable oracles and solidifying SEDA’s place in the modular security and interop space.

Highlights at a Glance:

Shelock Audit contest finished with all valid issues addressed, fixed and under now final approval from the lead auditor.
The SEDA IVM was featured in an amazing write up by Zaryab from Decipher Club on the evolution of Verification told in two parts (part one & part two)
BD team connecting with 5+ EVM networks per day
CEO Peter outlined the common needs arising from recent network calls in a video here

Top Content This Month:

SEDA x LIFI ft. Head of Product Jim Chang

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https://www.youtube.com/watch?v=ageJL8zFca0

(Also available on the new SEDA podcast on Spotify)

Long-Tail Chains Need Oracles Too

https://x.com/sedaprotocol/status/1904201065014104117

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"Web3's Relative Insanity: Einstein’s Warning, We Didn’t Listen To” - by HoM Matt

As the famous quote goes: “The definition of insanity is doing the same things over and over again but expecting a different result.”

Of all the insanity we have experienced in the evolution of Web3, the idea that we should have great apps now might just be the most insane one. I know what you want to say.

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https://x.com/Matt_Peters92/status/1904569760341188696

HoM Matt Featured On “The State of Chain Abstraction” roundtable hosted by Particle Network alongside Okto, OneBalance, Omni, SOCKET, Arcana and Orb Labs

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https://x.com/i/broadcasts/1YqGoobRwNMGv

The Last Oracle You'll Ever Need: Why Programmability Changes Everything

Traditional oracle solutions have forced developers to choose between push or pull data models and limited them to predefined data feeds on supported chains. SEDA's programmable oracle changes this paradigm by allowing developers to define exactly what data they need, where it comes from, and how it should be processed.

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https://x.com/sedaprotocol/status/1905704914577494023

CEO Peter discusses Powerful RWA Unlocks & Use Cases w/ SEDA Partner Plume

https://x.com/realpeterjm/status/1905263648009785496

What Are Multi-Sig Verifiers?

Compromised multi-sig verifiers have been the catalysts to more than $2.8 Billion in total money hacked via bridges in Web3.

Approximately $2.8 billion (almost 40% of total value hacked in Web3) has resulted from bridge hacks since 2022. Read more.

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https://x.com/sedaprotocol/status/1896614491582013511

SEDA Token Deflation

In a similar manner to Ethereum’s EIP1559, the SEDA Network could become deflationary.

What could be burnt?

→ Gas for computation→ Portion of transaction

60 seconds on Deflation & the SEDA Token.

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https://x.com/sedaprotocol/status/1905662402265235713

March Community Call

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https://www.youtube.com/watch?v=YnYz29VC4zM

Verification 101: The Critical Security Layer for Blockchain Interoperability

Verification—the process of confirming that cross-chain transactions are valid —forms the critical security foundation for blockchain interoperability. This invisible but essential layer has become the Achilles' heel of cross-chain infrastructure, with verification failures resulting in $2.8 billion stolen since 2021.