- Avail DA has gone live.
- The solution promises to allow users to enjoy the benefits of full Ethereum danksharding now.
- With the DA launch, Avail’s native token is also set to unlock one of its key functionalities.
In recent years, several scaling solution providers have thrown their hats in the ring to solve Ethereum‘s rollup fragmentation concerns and infinitely scale the network. Among these projects is Avail, a modular blockchain project initially incubated by Polygon Labs and co-founded by former Polygon co-founder Anurag Arjun.
After years of development, the team now claims to have taken the first step toward its broader goal of unifying the Ethereum ecosystem by first addressing the issue of scalability with its data availability (DA) solution.
Avail DA Goes Live
Avail DA has gone live on mainnet per a press release shared with DailyCoin. Tipped as the first step in Avail’s grand plan to unify Web3, the DA launched on Tuesday, July 23, promises to unlock danksharding levels of blob space for projects that leverage the solution for faster and cheaper transaction processing.
Highlighting Avail’s chain-agnostic nature, the team disclosed that projects that benefit from the DA include those building with the tech stacks of Arbitrum, Optimism, Polygon, StarkWare, and zkSync.
For the uninitiated, DA refers to the guarantee that a network’s transaction information is available for every network participant to verify and maintain the integrity of the network. Layer 2 chains ensure DA by periodically sending data to the Ethereum mainnet. However, storage space on the Ethereum mainnet can be scarce and expensive, creating room for solutions like Avail DA, which offers faster and cheaper Layer 2 data storage and room to thrive.
Avail asserts that its DA can offer danksharding levels of speed and cost by being the first to leverage a combination of zero-knowledge proofs and data availability sampling, both of which are techniques that allow for the validation of data without having to go through the entire data set, allowing for significantly faster and cheaper processing. Avail contended that the unique features made its DA “the most responsive” on the market, offering guarantees “in less than a minute.”
With the successful launch of Avail DA, the team is now concentrating efforts on the two other pieces of its unified Web3 puzzle: Avail Nexus, a permissionless interoperability layer, and Avail Fusion, a multi-asset staking layer.
Meanwhile, along with the DA launch, Avail noted AVAIL tokens distributed earlier this year as a reward to early adopters, and users of supported partner projects have now unlocked a key functionality.
AVAIL Staking Unlocked
As highlighted by the Avail team, following the DA mainnet launch, AVAIL holders could now stake their tokens to secure the network. At the same time, the withdrawal of these tokens to Ethereum via the Avail bridge has also been unlocked.
According to CoinGecko data at the time of writing, AVAIL has not reacted positively to the recent mainnet launch, trading at $0.1515, representing an over 27% decline in the past 24 hours.
Read this for more on Avail:
Polygon (MATIC)-Linked Avail Integrated by Leading L2s for DA
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