Gnosis (GNO) is Ethereum's most decentralized sidechain with 200K+ validators, xDAI gas fees, and scalable solutions for mainstream web3 adoption.

 (ETH) blockchain has suffered from poor scalability and high costs caused primarily by network congestion. Many solutions — mainly in the form of 

 rollups and sidechains — have emerged in recent years to address Ethereum's performance and cost inefficiencies. Many of these have managed to offer viable alternatives in the form of much better transaction processing times and considerably lower gas fees. However, plenty of these platforms suffer from limited decentralization due to the low number of validator nodes. In the case of rollups using a single sequencer node, a critical part of rollup architecture, there are serious concerns about extreme forms of operational centralization.

Thankfully, there is a project within the Ethereum ecosystem that has truly dedicated itself to the blockchain ethos of maximum decentralization. Gnosis is one of the oldest and most established Ethereum sidechains, and boasts a highly decentralized and reliable network of over 200,000 validators. It started as a 

 (DApp) on Ethereum, focused on prediction markets, but merged in 2022 with the xDAI sidechain to form a new entity, Gnosis Chain. The merger ushered in a new era for the unified project, which has become probably the most decentralized among all blockchain platforms within the wider Ethereum ecosystem, excluding Ethereum itself, of course.

Additionally, the Gnosis sidechain features a benefit that even Ethereum 

 can't match — gas fees on the network are charged in xDAI, a 

 indirectly pegged to the U.S. dollar, delivering greater cost stability for users and developers.

In this article, we conduct an in-depth examination of Gnosis, the leader of blockchain decentralization in the Ethereum universe.

 (GNO) is an Ethereum sidechain that offers low transaction costs, high scalability and gas fees denominated in a USD-pegged stablecoin.

 It boasts the highest degree of decentralization — as measured by the number of validators — among all Ethereum-linked sidechains and Layer 2 solutions. Among the most established and oldest blockchain solutions, Gnosis is designed to tackle Ethereum's heroically unyielding cost and performance challenges.

The original Gnosis project, now referred to as Gnosis 1.0, was conceptualized in 2015 as a prediction market platform. It was launched as an Ethereum DApp, and was owned by the Consensys blockchain development company. In 2017, Gnosis transitioned into an independent entity and expanded its focus to building decentralized infrastructure solutions for Ethereum. This marked the beginning of the project's second major stage, Gnosis 2.0.

In parallel with the original Gnosis, another early Ethereum-focused blockchain project, the xDAI Chain, was developing a scalable Ethereum sidechain that used a stablecoin for gas fee payments. xDAI and Gnosis announced a merger in 2021, with the new project branded the Gnosis Chain. The two projects merged on a technical level in December 2022. Over the next several years, Gnosis Chain has firmly established itself as a leading Ethereum sidechain, offering low costs and great scalability while running an extensive, community-driven network of more than 200,000 validators.

In early 2024, the now-unified project announced its next major stage, Gnosis 3.0, which aims to leverage the sidechain's superior technical properties and massive decentralized network in order to power mainstream 

 applications across different sectors, particularly in areas like payments, financial infrastructure and 

Although Gnosis has moved away from its niche focus on prediction markets, it maintains DApps dedicated to this specialized sphere. In fact, Gnosis continues to be viewed as the leading platform specializing in this area, with its GNO token holding the top position by market cap in the crypto industry’s prediction markets category.

 forms the infrastructural backbone of the entire Gnosis ecosystem. Its sidechain is anchored to Ethereum and features five-second block-confirmation times and low gas fees. For instance, in December 2024, the network registered average gas fees of around $0.04.

Gnosis Chain has inherited most of the properties of the original xDAI chain. It uses a stablecoin cryptocurrency, xDAI, that’s pegged to 

 (DAI), which in turn is soft-pegged to the U.S. dollar. As such, xDAI is indirectly pegged to the greenback. The use of a fiat-pegged stablecoin provides greater stability and certainty for users and developers utilizing the Gnosis Chain.

The chain's more than 200,000 validators (as of the start of 2025) make Gnosis the absolute leader in decentralization among all Ethereum-linked sidechains, Layer 2 rollups and similar platforms. The highly decentralized nature of the chain helps ensure great levels of security, transparency and trust in the platform.

Gnosis Chain currently features support for around 200 DApps across areas as diverse as blockchain analytics, 

 (NFTs), prediction markets, wallet solutions and more. DeFi-related apps — such as payment protocols, liquidity managers and permissionless 

 (DEX) platforms — as well as blockchain infrastructure projects, such as oracles, data exchange protocols and decentralized development tool kits — are the niches most prominently featured on the chain.

 (EVM)–compatible blockchain that uses a 

 (PoS) block validation model to secure network consensus, and a dual-token model to power its operations. Validators on the chain secure the right to process transaction blocks by 

 GNO tokens. Gnosis doesn't support stake delegation, however, so if you’d like to stake GNO without running a validator node, you can use external staking or 

 platforms that support the token. Examples include StakeWise (SWISE) and Chorus One.

In order to run a validator node and support Gnosis Chain block processing, you’ll need to download the requisite software and stake at least 1 GNO (around $264 as of Jan 7, 2025). The software needed to operate a validator node on Gnosis is pretty much the same as that used for Ethereum validation, with some minor modifications. This modest minimum staking requirement, and software setup nearly identical to Ethereum's, are significant reasons why Gnosis has an enormous network of over 200,000 validators.

Validators can choose to run a node either via the cloud or using their own hardware. However, the Gnosis project explicitly recommends the latter option to ensure maximum security, censorship resistance and credible neutrality.

While validator nodes stake funds and earn rewards in GNO tokens, gas fees for transactions on the network are paid in another cryptocurrency, xDAI, which is commonly acquired with MakerDAO's Dai stablecoin via a dedicated bridging solution — the 

In addition to its 200,000-strong validator community and around 200 DApps operating on its platform, the Gnosis ecosystem also includes several entities fundamental to the project's evolution and success — GnosisDAO, Gnosis Studios, GnosisVC and Gnosis Labs.

GnosisDAO is the platform's decentralized governance entity, powered by the holders of the GNO governance token. The DAO was originally created in 2020 to fully decentralize control of the platform and turn it into a project governed entirely by its user community. GnosisDAO uses a multi-stage governance process, whereby discussions are initiated and considered via the platform's online forum. Discussions can revolve around technical topics, protocol rules, DAO grant allocations and more.

If an issue being discussed gains enough traction, a forum poll can be created, whose users can then cast their votes. If this forum poll generates enough support votes, the process moves to the final stage, in which GNO holders vote to either approve or reject the proposed action.

Gnosis Studios is a product innovation lab created by the platform to develop and incubate promising web3 applications and infrastructure solutions. Among the solutions launched via Gnosis Studios is a decentralized payment protocol, Gnosis Pay, and a personal currency exchange platform, Circles.

Successful spin-offs of Gnosis Studios include the 

GnosisVC is a venture capital (VC) fund set up by the Gnosis project to invest in early-stage web3 projects, particularly in areas like financial services, 

 (RWAs) and blockchain infrastructure. GnosisVC boasts an extensive portfolio dating back to 2019. In 2020, one of the numerous projects the fund invested in was MakerDAO, a stalwart of the DeFi sector.

The fund's latest investments include projects such as the self-custodial wallet app Zeal, the 

 aggregator Electron. This is only a small subset of the web3 initiatives GnosisVC added to its portfolio throughout 2024. Per information on Gnosis's website, the VC fund has invested in more than a dozen projects in 2024 alone, and dozens of projects within the past five years.

Gnosis Labs is a development hub in which experimental web3 projects are first tested, iterated and improved before decisions are made on their future potential. The hub focuses heavily on 

 (AI) initiatives, and is primarily designed to foster innovation and breakthrough discoveries at the junction of AI and blockchain technologies.

To underscore its commitment to AI, Gnosis Labs has established a specialized division, Gnosis AI, for researching and developing projects in areas like agent-to-agent payments and smart prediction markets. Gnosis AI is a key initiative within the overall Gnosis 3.0 framework, a major evolutionary stage of the project designed to bring the platform to the mainstream web3 world.

. Validators stake GNO to secure the right to process transaction blocks on Gnosis Chain, while the wider GNO holder community can take part in on-platform governance votes. As noted earlier, these votes represent the final step in a multi-stage governance process whereby proposed changes or improvements to the platform are first considered in the Gnosis forum, and may proceed to a final vote involving GNO token holders.

Originally, the GNO token was issued on Ethereum, with a total and maximum supply of 10 million. As such, GNO was designed as a 

In April 2022, the Gnosis governance community voted to reduce the token's total supply to 3 million GNO. This supply-capping feature remained in place after the supply reduction, and the maximum supply was also set at 3 million GNO.

As of Jan 9, 2025, the GNO token was trading at $253.10, or 60.7% lower than its ATH of $644.20 on Nov 8, 2021, and 3,580.5% higher than its ATL of $6.88 on Mar 13, 2020.

Long-term price forecasts for GNO are generally bullish.DigitalCoinPrice 

 of $835.83 in 2027 and $1,275.52 in 2030, while CoinCodex 

 to average $319.29 in 2027 and $1,199.07 in 2030.

Gnosis' vibrant community, founded in the early years of the DApp revolution, continues to grow, with its 200,000-strong validator army offering unmatched decentralization benefits to users and developers. Much of the Gnosis protocol's success over the years can be attributed to its eloquently designed dual-token model, with xDAI as a gas token and GNO as a staking token and the primary asset for community governance.

With a vast network of validators, stability delivered by its stablecoin-for-gas model and time-tested success on the market, the Gnosis project is unlikely to fade into obscurity any time soon — to say the least!

Intermediate

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Gnosis (GNO): Bridging Web3 Tech With Mainstream Usability

Revolut has partnered with Pyth Network to contribute its trusted price data to the decentralized finance (DeFi) ecosystem, marking a significant step in bridging traditional and decentralized finance. 

The S&P 500 rose 0.16% as the bond market stabilized following a US Treasury sale. However, US stock futures dipped Thursday after the Federal Reserve highlighted increased inflation risks, potentially slowing policy easing. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.68%, with Bitcoin and Ether dropping by 2.63% and 2.08%, respectively in the past 24 hours.

Today's top performer is GAS, which surged 31.6% following the launch of Escape the Matrix, Neo's AI-powered blockchain game with a $30K+ prize pool.

Neo (GAS), launched in 2014, is a blockchain enabling a smart economy with digitized assets, smart contracts, and dBFT consensus, driving decentralized app development and ecosystem growth. Neo’s "

" is an AI-driven blockchain game on Neo X, offering a $30,000+ prize pool. Players solve challenges using multi-AI agent interactions, with fees contributing to the prize pool. Running from January 9-14, 2025, the first winner claims 80% of the prize, while 20% is donated to Freysa. A Neo X wallet and GAS tokens are required to play.

Check Out the Latest Prices, Charts, and Data of 

 to contribute its trusted price data to the decentralized finance (DeFi) ecosystem, marking a significant step in bridging traditional and decentralized finance. As a publisher for Pyth, Revolut will share its digital asset price data to enhance transparency and reliability in digital asset markets, benefiting both DeFi applications and Web3 capital markets. This collaboration allows Revolut to expand its crypto operations while Pyth’s oracle technology enables financial institutions to engage with the Web3 space securely. The partnership paves the way for more transparent, fair, and accessible financial markets.

Yesterday, BTC Spot ETF data showed a total flow of -$444.8 million, with GBTC at -$8.9 million and Non-GBTC at -$435.9 million.

SoSoValue, an AI-powered cryptocurrency research platform, has launched its 

 where users can earn points (Exp) by completing simple tasks. The program is live following SoSoValue’s $15 million Series A funding. To join, sign up with an invite code, and complete tasks like following on X, posting, and retweeting. Additional points can be earned by connecting accounts, installing apps, and checking in daily.

Beginner

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Revolut Partners with Pyth Network to Bridge Traditional and Decentralized Finance

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Bybit Private Wealth Management: Tailored Paths to Prosperity

Ripple is adopting the Chainlink standard to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi.

Daily Top Performer —  DeepBook (DEEP)

The S&P 500 fell 1.11% as rising Treasury yields and inflation concerns hit markets, with tech and AI stocks leading the decline. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 6.05%, with Bitcoin and Ether dropping by 5.67% and 8.17%, respectively in the past 24 hours.

Today's top performer is DEEP, which surged 4.2% following the announcement of the collaboration between DeepBook and NAVI Protocol, enhancing the utility of DEEP tokens in the Sui DeFi ecosystem.

DeepBook (DEEP), launched in 2023, is a native liquidity layer for the Sui ecosystem, utilizing a central limit order book system to execute trades. It focuses on providing high throughput, minimal slippage, and low fees. 

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 to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi. By using Chainlink’s Price Feeds, Ripple can now provide secure and reliable pricing data for RLUSD on the Ethereum blockchain, enabling its integration into DeFi applications like trading and lending. This collaboration allows Ripple to offer high-quality offchain data to accelerate RLUSD’s adoption. Chainlink’s decentralized infrastructure ensures secure, tamper-proof, and accurate pricing, supporting RLUSD’s expansion within both institutional and decentralized markets.

Yesterday, BTC Spot ETFs experienced total outflows of $543.7M, including $125.4M from GBTC and $418.3M from non-GBTC sources.

 offers 50 free loyalty points for completing simple tasks like following on X, reposting, and joining Discord. Participants must join the PIN AI Telegram game and have a Galxe Humanity Score, Passport, or Subscription to qualify. Keep playing to earn more points and potential eligibility for a future airdrop.

Ripple Enhances RLUSD Utility in DeFi with Chainlink Price Feeds Integration

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DeFi

Explainers

Altcoins

Velodrome Finance, an AMM built on the Superchain network, aims to offer marketplace features from Convex and Uniswap in one convenient place. Learn more here.

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 finance fields right now is liquidity provision. There are all sorts of 

 looking for ways to sell liquidity to markets while providing profits for their own community members. Velodrome hopes to break free from the pack and beat its competitors with its uniquely user-focused experience. This liquidity provision service boasts a helpful combination of decentralization, user incentivization and user-led governance. To learn more about Velodrome's features and see how its token is performing, keep reading this guide.

 is an automated market maker (AMM) built on the 

 network that aims to offer marketplace features from Curve Convex and Uniswap in one convenient place. It’s designed to provide liquidity to many other programs while also allowing traders to swap tokens.

The Superchain network is an ecosystem that combines multiple blockchains into one seamless network. Initially launched by the 

 ecosystem, Superchain now has a variety of partners. It works with many Ethereum-based chains, including 

Velodrome Finance’s evolution has involved various stages. The project 

 (DeFi) architect who previously helped to found 

. One of the many features of this DEX was veDAO, a 

A few months after its launch, Solidly's founders parted ways over a disagreement. Initially, this left the future of veDAO up in the air. However, community members banded together and decided to save their system. veDAO took the best parts of the Solidly DEX design and moved it to Optimism. 

Velodrome's main goal is to create a sustainable and user-focused version of other popular liquidity providers, such as Uniswap and Convex for Curve. Unlike many other automated market makers, Velodrome is entirely run by its users. As a DAO, Velodrome encourages users to submit proposals and vote on proposals. By giving users the ability to regulate everything from fees to branding, Velodrome ensures that each participant's opinions are heard.

Velodrome's governance model is also meant to incentivize users to commit to long-term community growth. Unlike some systems that are all about short-term individual profit, Velodrome has incentives that specifically reward those involved in community growth. It believes this design ensures the system has regular users who make decisions that enhance its overall sustainability.

 starts with liquidity providers temporarily placing their tokens in concentrated liquidity pools. Traders then use funds from the liquidity hub to facilitate trading with minimal 

, paying low fees for the privilege. These fees are then transmitted to liquidity providers in the form of VELO emissions. Liquidity providers can choose to lock their VELO tokens, if they wish to join the Velodrome governance model and vote on protocol upgrades. This flywheel cycle has a seven-day timeline. Every week, Velodrome updates its system to recalculate votes, trading fees and VELO emissions. 

Another unique mechanic of Velodrome Finance is its blockchain base. Instead of being built on a single chain, Velodrome is designed to run on the Optimism Superchain network. When operating the liquidity management system, Velodrome doesn't focus on individual liquidity pools based on a token's home chain. Instead, its protocol router evaluates multiple types of liquidity pools to automatically select the one with the most efficient prices and optimal trade execution routes.

Velodrome is a fairly focused AMM. Instead of providing a wide range of services, it prioritizes doing an excellent job at just a few things. 

Velodrome's swapping service lets traders exchange one type of coin for another. It currently supports a broad range of coins, both on and off the Optimism Superchain network. This form of trading has many uses, ranging from portfolio management to profiting from market changes. Velodrome's convenient three-step system simply requires users to link their wallets, choose their desired tokens and approve their fee quotes before swapping.

Velodrome offers concentrated liquidity pools that help DEXs function properly. In exchange for these services, liquidity providers on Velodrome earn financial rewards. For many investors, participating in a liquidity hub is a way to 

 on tokens they don't yet want to sell. Velodrome's ability to provide deep liquidity is so popular that it's the primary liquidity hub on the Superchain.

Velodrome has changed a lot since its early days as a token-swapping system, gradually adding features like decentralization, dynamic fees and a 

 (DApp) interface. Its long-term future will depend upon the changes its DAO votes on. However, there are already 

 currently in the works. In 2025, Velodrome plans to add more dynamic pricing options, additional governance methods, Superchain-based voting and bridgeless Superchain swaps.

The Velodrome ecosystem relies on the following two tokens to function properly.

 – based token that’s used for fees and liquidity provision. You can obtain VELO either by purchasing it directly through the market, or by contributing to liquidity pools and receiving VELO liquidity incentives.

If desired, users can lock their VELO tokens in order to receive veVELO, an ERC-721 governance token that exists as an NFT. The amount of veVELO you receive for your VELO is in part directly proportional to the amount of time you choose to lock your tokens. People who hold veVELO can submit and vote on community proposals for the Velodrome platform.

The VELO utility token has a circulating supply of roughly 900 million, with plans to unlock more tokens in the future. These 

The VELO token was initially selling for around $0.04. However, after the project’s DAO adapted its platform from Solidly to Velodrome, token prices took off. In April 2023, March 2024 and December 2024, VELO token prices spiked. While the VELO token price is down from its all-time high of $0.42, it’s still sitting in the $0.10–$0.20 range. 

This pricing pattern seems likely to persist for a while. Binance 

 will reach an average price of around $0.17 in 2025. However, other price predictors are even more optimistic, with CoinCodex suggesting there will be a price jump in February 2025, resulting in yearly average prices of around 

Looking to trade Velodrome tokens? Bybit now offers the VELODROMEUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

Velodrome has plenty of competitors in the liquidity management field, but several factors make its token a good investment. First of all, the VELO utility token has been around for quite a while. This stability makes it more reliable than tokens that were just recently added to the market. Secondly, VELO has a history of sharp price increases; the token is highly responsive to positive press and market upturns, so there's a chance for high prices. Finally, Velodrome is performing well, and Its partnership with the Optimism ecosystem has helped it attract users.

Nevertheless, any crypto token features some volatility in its price. For example, a DAO voting for abnormally low fees could cause sudden price downturns. If you want to invest in the VELO token, make sure to 

. As with any other medium-risk token, VELO isn't reliable enough to be the only asset in your entire investment portfolio.

Velodrome has done a great job of transitioning from a DeFi tool to its own standalone liquidity provision system. By functioning as the primary liquidity hub on Superchain, Velodrome provides minimal slippage, deep liquidity and reasonable trading fees. Furthermore, its liquidity incentives appeal to a wide variety of users and help keep the system running. Ultimately, the Velodrome platform and the VELO token have a lot to offer to the world of decentralized finance.

Velodrome Finance (VELO): A Liquidity Hub for the Superchain

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