This week, community discussions about DOT inflation continued in-depth. In a livestream organized by Alice und Bob, various ecosystem participants expressed their views on DOT inflation! Some believe a fixed cap with a stepped inflation reduction should be set, arguing this would push Polkadot into a state of "either generate revenue or die"! Jonas from Web3 Foundation also warned against sacrificing security in pursuit of a cap and emphasized the need to consider the fundamental demand-side situation of DOT.
The complete discussion can be found in the latest article on PolkaWorld 'Face-to-Face Confrontation! Will Polkadot Be Finished If DOT Tokenomics Remain Unchanged?'
[The rest of the translation follows the same approach, maintaining the original structure and translating all text while preserving technical terms and proper nouns as specified]Parity believes PVM is the future, but EVM must be ready now. The PVM toolchain is not yet perfect (Solidity→PVM only supports 0.8+), and work will be temporarily suspended except for Asset Hub migration, focusing fully on EVM.
Parity has also released a possible timeline:
Currently online: PVM preview (Kusama)
September: PVM Preview 2 (ERC20 + XCM precompilation)
End of October: REVM goes live on Kusama Hub
Mid-December: REVM + PVM preview goes live on Polkadot Hub
In other words, by the end of the year, Polkadot Hub will achieve 100% EVM compatibility - allowing Ethereum dApps, third-party services, and DeFi protocols to smoothly access Polkadot, while continuing to refine PVM and pave the way for future innovation.
Learn more here: https://forum.polkadot.network/t/polkadot-hub-prioritizing-growing-ecosystem-3rd-party-providers-inc-defi-asap-through-evm/14130
Major update this week! PolkaVM now supports direct XCM (cross-consensus messaging) calls through "precompiled contracts" on the Polkadot testnet!https://x.com/polkaworld_pro/status/1949817445927334024
This means Solidity smart contracts can natively implement cross-chain communication, and the underlying capabilities of multi-chain dApps are officially opened up.
Ink! contracts are also applicable, so cross-chain application developers, now is a great time to test the waters!
More features are coming:
Higher-level abstraction (such as cross-chain token transfers) to make XCM calls more user-friendly
Extended memory & gas optimization, coming soon to Kusama
Developer feedback is crucial!
Fill out the feedback form: https://forms.gle/1Bhn4PDiD6pf4dgv8
Or email to [email protected]
Polkadot tweets to celebrate Ethereum's 10th anniversary! And says: "Before rollups, DAOs, DeFi, Web3 became popular, everything was not yet formed, only a group of geeks staying up all night writing code with massive caffeine intake, starting a new beginning." https://x.com/Polkadot/status/1950572103234695657
Ecosystem Projects
Bifrost releases July monthly report!
Launched a new bug bounty program with Immunefi, with rewards up to $500,000
Launched DeFi Singularity activity, introducing vDOT to Ethereum L2
vTokenVoting now supports voting delegation
vDOT achieves cross-chain transfer between AssetHub and Bifrost
SLPx 2.0 now supports 3 vTokens across 4 networks
July TVL reached $98,333,113
Learn more: https://x.com/Bifrost/status/1951221379203997800
Harbour Industrial Capital announces investment in Kylix Finance! This investment by HIC is part of a larger strategic layout in the Polkadot ecosystem. HIC's support further strengthens Kylix's mission:
True cross-chain lending
Native asset interoperability
AI-driven risk management and fund allocation
No bridges, no wrapped tokens
With this support, Kylix will continue to build an efficient, capital-utilizing, secure, and scalable DeFi layer - not only serving Polkadot, but potentially covering 16 different blockchains in the future. https://x.com/KylixFinance/status/1951195608712130887
FIFA Rivals officially announced this week that downloads have exceeded 1 million! https://x.com/FIFARivals/status/1949814253134762189
MIMBO Node announces partnership with Crust Network, which has 700+ PB of decentralized IPFS storage capacity! Crust's trustless storage will empower MIMBO's GameFi infrastructure, bringing faster loading speeds, more secure asset management & a game economy truly controlled by players! https://x.com/Polkadot/status/1951002810251907110
SubWallet brings a major feature upgrade to Polkadot users: Users can now directly "one-click cross-chain swap" assets, such as converting BTC, ETH, SOL and other assets directly to DOT or USDC/USDT on Polkadot Asset Hub, without:
Using a cross-chain bridge
Switching between different wallets
The technical foundation is Polkadot XCM (cross-chain messaging) and Chainflip (a cross-chain swap protocol). https://x.com/Chainflip/status/1950560703690985630
Hydration reaches a new high! DOT + vDOT liquidity breaks through 3.5 million!
Hydration's pools are rapidly "filling up", with liquidity soaring to a new all-time high (ATH)
DOT + vDOT = A new engine for Polkadot DeFi
Stay Hydrated! Keep it liquid! https://x.com/Polkadot/status/1950304600247927221
