Swan March 2024 Monthly Report

The Swan team is constantly optimizing existing products, hoping to bring you a better experience. In the meantime, we continue to create new products and experiences, so stay tuned!

The following is a recap of what we have achieved in March.

Community Progress

📅 Swan Saturn Testnet Extended

The Swan Saturn Testnet saw incredible engagement, crossing 100M transactions with 73 globally computing providers joining! To maximize participation, we extended the campaign to April 15th. Let’s make this final month legendary here!

🔥 Transaction Drive Program Updates

We revamped the Transaction Drive rewards system with an extended deadline, improved prize pool structure, and new anti-exploitation measures. Check details here.

🌟 SwanDevGrants Season 1 Open

SwanDevGrants Season 1 is now open for applications submission until March 29! This program encourages innovation by providing funding for developers to build on Swan. Apply here!

• Open Grants: Receive $5,000 SWAN to prototype using our tech
• Request for Proposals: Compete for major ecosystem contracts

🚀 Swan Chain EIP-4844 Upgrade

Swan Chain leveled up with the massively successful EIP-4844 upgrade, unlocking up to 80% lower gas fees and game-changing performance. Embracing Ethereum’s future with Blob and EIP4844, Swan Chain is now a powerhouse for builders.

🎙️ Podcast Interview with Outlier Ventures

Our CEO, @0xcharlescao, shared Swan’s 8-year, $10M journey pioneering decentralized cloud and blockchain at @OVioHQ’s podcast. Listen to the podcast here!

👥 Swan Discord Server Milestone

We’re thrilled to announce hitting the 100K member milestone on our Discord — a huge thanks to our amazing community! Join now.

⛓ UBI Network Growth

The Swan UBI Network keeps expanding, now at 73 global providers completed over 46 k UBI tasks, securing over 261K SWAN earned! Discover the power of UBI here!

📝 Post Articles on ZK-UBI Marketplace

We explored the emerging ZK-UBI Marketplace concept and its significance for privacy in two insightful articles:

• What is ZK-UBI Marketplace? Check here:
• Powering ZKP Computing with Filecoin. Check here

Product Progress

🛠 Orchestrator:

1. Strengthened payment verification logic in task deployment, enhancing security.
2. Upgraded payment history: added filters, optimized performance, and accelerated speed, allowing CPs to easily view their reward status.
3. Upgraded the CP dashboard, reorganizing data for clearer presentation.
4. Introduced retry API and status handling for task termination.
5. Added task completion status to prevent premature termination of normally completed tasks.
6. Optimized monitoring logic for more stable deployments.
7. Fixed some known bugs.

🔬 Lagrange:

1. Added error log prompts for failed space deployments and executions to help users adjust and ensure successful space deployment and execution.
2. Optimized storage and retrieval methods for space deployment results, enhancing the stability of space operations.
3. Added VM-type spaces, allowing users to create independently accessible VM spaces.
4. Introduced private space functionality, enabling users to create private spaces (currently only supported for VM types).

💻 Computing Provider:

1. Added signature verification process when receiving space orders to prevent CPs from being attacked by junk orders.
2. Supported receiving private orders and deploying VM spaces (currently in testing).
3. Added signature verification when deleting jobs to prevent malicious deletion of running spaces.
4. Released a new version of the resource-exporter to prevent abnormal reporting of CP resources without GPUs.

💰 UBI:

1. Added order signature parameters, allowing CPs to choose whether to accept orders through signatures to prevent invalid order attacks.
2. Introduced private order reception feature, allowing users to directly receive tasks from specified CPs.
3. Added private order dispatch feature, enabling direct dispatch of tasks to specified CPs.

About Swan Chain:

Swan Chain, established in 2021, DePIN built for AI. Leveraging OP Stack’s Ethereum Layer 2 technology, it pioneers the fusion of Web3 with AI, offering comprehensive solutions spanning storage, computing, bandwidth, and payments. By harnessing underutilized computing power from a network of community data centers, Swan Chain drives down computing costs by up to 70% while enabling monetization of dormant assets. Innovative decentralized marketplaces for storage, AI, and Zero-Knowledge proofs, coupled with LagrangeDAO’s efficiency in AI model deployment, make Swan Chain’s AI acceleration seamless and affordable.

Traction:

• 10M user addresses and 1M daily transactions on the Saturn Testnet as of Q1 2024.
• A vibrant community exceeding 100K Discord members.
• Network expansion to 70+ computing providers across 20 global cities.
• Over 50K deployments of AI model containers.

Investors:

Binance Labs, Protocol Labs, Waterdrip Capital, Chainlink Labs, Outlier Ventures, SNZ Holdings and more.

Partners:

Nvidia, Google Web3 Startup Program, Microsoft Startup Program, Chainlink BUILD, Filecoin Orbit.

Website: https://www.swanchain.io
Twitter: https://twitter.com/swan_chain
Telegram: https://t.me/swan_chain/
Discord: https://discord.gg/swanchain
LinkedIn: https://www.linkedin.com/company/swancloud