Reflecting on SORA’s Progress: 2023 Year in Review
Highlights from 2023: Shaping the Future in 2024 and Beyond
2023 was a unique and unforgettable year. Despite challenges, we reached many significant goals. Let’s look at the key product releases, achievements, and views that shaped SORA in 2023.
10 Key Product Releases and Features
The SORA Blockchain
- Over 60 runtime upgrades and version improvements. [full changelog]
- More than 315 fixes. [Full details]
- New: XOR-less transaction feature.
- 2.07 Million Transactions, 6.56k new accounts and ~102 Million trading volume on Polkaswap this year
Synthetic Asset Platform
- The synthetic asset platform release was a major project successfully implemented on the SORA blockchain. [Full details]
- Synths are now fully integrated with Polkaswap. [Start trading]
Polkaswap Fearless Wallet desktop
- With over 100k wallet users, Fearless Wallet is an example of how nice the Polkadot experience is.
- Integrating the Polkaswap DEX into Fearless Wallet enhances the user experience, enabling DEX trading directly within the Wallet.
- SORA Staking functionality was released on Fearless Wallet.
- The Hashi substrate bridge is now fully functional with the Wallet.
- Available on Mobile and on browser extension here: https://fearlesswallet.io/
The HASHI Bridge
- Important work was done with bridges to the Binance smart chain and Klaytn chain
- The SORA substrate bridge was fully launched on the mainnet.
- The Kusama relay chain is now fully connected to the SORA-independent Blockchain, facilitating $KSM trading on Polkaswap.
- More interoperability channels to other substrate chains are under development.
- Enhancement and optimization of the Hashi Bridge’s communication channels are ongoing.
SORA Card
- SORA Card: Launch of the website, sign-ups, native on-ramp for XOR, and KYC on mobile and web.
- Successful applicants have their IBAN enabled and can see their balance.
- Progress on the fiat wallet and integration of the crypto wallet,
crypto <> fiat exchange and debit card.
Order book
- The first version of the order book has been released for public testing.
- Ongoing progress in integrating the order book as a liquidity source in the ALT to enhance the trading experience and liquidity management within the SORA network.
SORA for CBDC
- The SORA network hosts the first Substrate/Polkadot-based CBDC in collaboration with the central bank of the Solomon Islands:
[More details]
Kensetsu
- Significant progress in the development of the platform’s backbone.
- Most logic and data structures for the first version have been implemented.
- The current focus is on the liquidation mechanism.
SORA Kusama Parachain
- The full release of XOR as the native currency on the SORA Kusama Parachain.
- The full release of the Council and Technical Committee governance bodies to deal with the governance operations.
- Implemented the Council election mechanism.
- Implemented XOR transfers between the SORA mainnet and the SORA Kusama parachain.
Events Overview
Polkadot Safari in Kenya
The Polkadot Safari event took place in Kenya, where a SORA contributor gave a speech on the main stage about the fundamentals of SORA.
SORA Dubai Meetup
In Dubai, enthusiasts and curious minds gathered for an in-depth look at SORA’s ongoing projects. This meetup was a highlight among the year’s events, offering a unique window into SORA’s advancements.
Polkadot Prague
The Polkadot Prague event was another milestone where BG took the audience through SORA’s rich history. This event provided a deep dive into the origins and evolution of the SORA ecosystem.
ParisDOTcomm
Beno, the director of SORA Card, attended the ParisDOT event, presenting the SORA Card details to the audience and bringing insider information on why the SORA Card is important for the Polkadot ecosystem.
Polkadot India
India’s event was special, combining a SORA Card presentation with a practical start for participants. Everyone who downloaded the SORA Wallet received tokens, enabling an instant and hands-on experience with SORA.
Sub0
Sub0 was a gathering of the global Polkadot developer community. This two-day event featured keynotes, panel discussions, and workshops, all focused on the latest developments and innovations within the Polkadot universe.
In conclusion, 2023 was another great year for SORA, characterized by substantial advancements in its blockchain technology, wallet services, and global integration efforts. The successful implementation of over 60 runtime upgrades, the launch of the XOR-less transaction feature, and significant progress in synthetic asset platforms and wallet integrations demonstrate SORA’s commitment to innovation and user-centric development.
Get SORA News’s stories in your inbox
Join Medium for free to get updates from this writer.
If you found value in this article, please “clap” (up to 50 times) and follow us on Twitter: @soranews_io
