Hello aelf Community,

Welcome to the December edition of the aelf Monthly Digest! Let's recap what happened in the past month: advancements in aelf’s technology, highlights ecosystem development, events, and Web3 industry insights.

Technology

aelf Network Upgrades

In December 2024, aelf made significant strides in its development progress. The team added multiple parameter APIs for 'Func' and 'Tuple' to the whitelist, facilitating developers' work with smart contracts and enhancing the development experience and efficiency.

On top of it, new cryptographic curve functions were introduced to support the development of ZK contracts, all of which have now been deployed on the testnet.

Additionally, aelf modularised by separating common and contract code to improve the development experience and enhance network performance, addressing issues related to overly large code size.

aevatar Intelligence Debuts Framework for Building Communicative User-Generated AI Agents

A new year marks new beginnings, and new beginnings started early for aelf. At the tail-end of December 2024, aelf pulled back the curtains on aevatar Intelligence, a no-code, no-fuss AI agent framework where users can create AI agents to their liking. True to its deeply interoperable nature, user-generated AI agents, as well as specialised AI agents within the aelf ecosystem, are capable of interacting and collaborating with each other. This resolves a long-running issue of siloed agents, and this brings an even greater level of automation and user-friendliness for Web3-related activities.

Check out aevatar Intelligence and watch how it works.

Halving Hits aelf's AI Blockchain

On 12 December 2024, the aelf AI blockchain successfully completed its first ever halving, marking its commitment to long-term sustainability and controlled token emissions. This landmark event saw the block reward on the aelf MainChain decrease from 0.125 ELF to 0.0625 ELF for each new block produced.

In case you missed it, in the lead-up to the halving, we released a trilogy of educational articles to help you and other community members understand the intricacies of this event.

Read and recap:

Ecosystem

AeFinder

In December 2024, AeFinder focused primarily on developing its paid features to support the product's revenue model, aiming to establish it as a mature decentralised product. The launch is expected in January 2025.

AetherLink

AetherLink v1.6.1 was launched on the mainnet in December 2024, as detailed on GitHub. It supports cross-chain tokens and general messages between the aelf chain and TON chain, along with cross-chain status API queries. Additionally, a Ramp contract was deployed and updated on the mainnet, primarily to support AELF-TON token cross-chain capabilities.

Portkey V2 Goes Dark, and Lights a Brand New Experience for Users

Portkey has blasted off with a major upgrade, featuring a sleek new cyberpunk-inspired look and a reimagined user experience. Users can explore a visually stunning dark mode — now set as a default — and effortlessly send, receive, and swap tokens across multiple chains. The 'Discover' button that's now housed on the navigation brings users through exciting new dApps.

It's the same Portkey wallet you love, but supercharged.

Update your Portkey app today or download it on iOS, Play Store, and Chrome!

Votigram Gets a Glow-up

Votigram has unveiled a sleek new look and feel, designed to elevate your vote-to-earn journey. The user interface was reimagined from the ground up, focusing on intuitive navigation, enhanced functionality, and visually striking elements.

Check it out for yourself and immerse yourself in the newly supercharged voting experience.

ETransfer Gets a Security Boost Through Partnership With Cobo Wallet

Cross-chain transfers just got safer and more scalable. ETransfer has partnered with Cobo Wallet to provide users with an enhanced security architecture and a smoother bridging experience.

By integrating Cobo's Custodial Wallets solution, ETransfer now benefits from a robust 3-tier (hot, warm, cold) storage system. This means that 95% of assets are held in secure cold wallets with offline private keys distributed globally, and the remaining 5% resides in hot and warm wallets to ensure speedy withdrawals.

In another update, the 'any-chain' feature, which allows ETransfer users to freely move assets between any blockchain, is now supported on the web experience.

aelf's Ecosystem, the Facts and Figures

aelf's forward momentum continues well into 2025 as it concluded 2024 with a record 75,000 monthly active users, 17 million total value locked, and 1.07 million wallet addresses. Fishtopia, a new Telegram game that lets users fish for rewards, is the latest entrant to the aelf ecosystem.

What do you think is next to join the fray in 2025?

Events

Adam and Eve Take a Bite out of aevatar Intelligence

aelf saw the dawn of a new AI era with aevatar Intelligence, and the aelf community came together to participate in a personality quiz to decide the archetype of Adam and Eve, the first two AI agents built using aevatar Intelligence.

Through a personality quiz, participants determined key characteristics of these genesis AI agents. Would Adam be a deep-thinking philospher or a commanding leader? Would Eve turn out to complement Adam? The community weighed in, and the results saw Adam the Protector and Eve the Connector.

aelf Decodes its First-Ever Halving Event on Binance Live

aelf took to the virtual stage on Binance Live to discuss its historic first halving event. Business Development Director, Khaniff Lau, joined Elizabeth, founder of ELabs, for an insightful AMA session on 12 December 2024, coinciding with the halving itself.

Khaniff shed light on the intricacies of the halving, explaining the changes in block rewards and the significance of this milestone for the aelf ecosystem. He emphasised how the halving reflects aelf's commitment to long-term sustainability and its growing community engagement.

The AMA provided a valuable opportunity for the community to gain a deeper understanding of the halving process and its implications for the future of aelf.

If you missed the live session, be sure to catch the recording here.

Industry Insights

In 2024, we've written extensively about applied AI in blockchain, Web3, and crypto. There was our perennial favourite on how AI makes blockchain legit, one on how AI and blockchain reimagine real estate transactions, one on how AI and blockchain will change digital identity verification, and one on how AI and blockchain contribute to greener practices for climate change.

But that is not all, there are many more applied AI stories you can read on our blog. In December 2024, we continued in the same vein and dug deep into applied AI in decentralised marketplaces. We also took a trip down memory lane and examined how P2P file-sharing platforms that were all the rage in the 2000s reinvented themselves in the Web3 world.

Last but not least, while we look forward to more AI and blockchain breakthroughs in 2025, we looked into the rearview mirror and rounded up all the top news that shook the industry in 2024.

1. Year in Review: All the Top AI and Blockchain News That Shook 2024

What was most memorable for you? Bitcoin's (BTC) breaching of $100,000? Ethereum's ETF approval? Or perhaps it was the attempted unveiling of Satoshi Nakamoto?

Read the 2024 highlights.

2. AI Decentralised Marketplaces: How They Work and Their Benefits

Instead of the everyday commodity, what if you could buy and sell AI tools or models that simplify targeted areas of your life, on a direct peer-to-peer basis?

That's the premise of AI decentralised marketplaces.

Shop for the details.

3. Recap: Guide on Stablecoins

Ripple's (XRP) status went from one of altcoin to stablecoin, when the New York State Department of Financial Services (NYDFS) approved the new RLUSD stablecoin launch back in December 2024. It then made a last-mile dash to stake its claim as the third-largest cryptocurrency by market cap, closing the year on a strong note.

Read the details of RLUSD, and get a refresher on stablecoins at the same time.

4. Nostalgia Meets Blockchain: P2P File-Sharing Giants That Have Reinvented Themselves for Web3

Remember LimeWire? Napster? Winamp? These names would surely evoke nostalgia for anyone who may or may not have indulged in the digital wild west of peer-to-peer (P2P) file sharing in the past.

These days, they've pivoted into Web3 and AI, reinventing themselves in their own rights.

Get the download on how these P2P networks have changed.

5. Rise of Meme Coins: From Internet Jokes to Crypto Phenomenon | aelf Ventures

2024 has had its fair share of Web3 crypto trends in the revitalised bull run, none more prominent than meme coins. This peculiar crypto vertical is back with a vengeance, achieving substantial market cap and netting an average returns of 103% in November 2024 alone.

Led by the old guards like Dogecoin (DOGE), which saw more than 200% increase in price in the past year, we've seen new upstarts like MOODENG, Truth Terminal's GOAT, Brett ($BRETT), Pepe ($PEPE), dogwifhat ($WIF), Peanut the Squirrel ($PNUT) and more causing sharp upticks in FOMO and greed index among traders.

Read the meme scoop by aelf Ventures.

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*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. Aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.

About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration and modular Layer 2 ZK Rollup technology, ensuring an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0.

Stay connected with our community:

Website | X | Telegram | Discord

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Tool/Platform	What's it about
ChainGPT	An AI-powered assistant for the blockchain and crypto industry, specializing in content creation, language translation, smart contract coding, and more.
aelf	A high-performance, customisable multi-chain blockchain framework with AI-powered smart contracts and a developer-friendly environment.
Quick Intel	An AI-powered crypto security platform that helps investors avoid scams, rug pulls, and honeypots by analysing smart contracts, social sentiment, and on-chain data.
Cogwise AI News Aggregator	An AI-powered news aggregator that analyses real-time news and global trends to predict market movements in the crypto market.
OpenAI Codex	An AI system that transforms natural language into code, automating code creation for smart contracts, blockchain applications, and other development tasks.
QnA3	An AI-powered Web3 knowledge hub that provides real-time information and insights on cryptocurrencies, blockchain projects, and the broader Web3 ecosystem, with unique Solana Actions integrations.
Fetch.ai	A platform that combines AI and blockchain to create autonomous economic agents (AEAs) for various applications, including supply chain optimisation and smart city management.
Octavia	A decentralised digital identity (DID) platform for creating and managing self-sovereign digital identities, empowering users to control their data and online presence.
TensorFlow	A versatile open-source machine learning framework used for building AI models that can analyse blockchain data, enhance security, and predict market trends.
Alethea	A platform that creates 'Intelligent NFTs' (iNFTs) with unique personalities and the ability to engage in conversations, powered by AI and blockchain technology.

Chain	URL	Explorer
AELF	https://aelf-test-node.aelf.io/	https://explorer-test.aelf.io/
tDVW	https://tdvw-test-node.aelf.io/	https://explorer-test-side02.aelf.io/

Feature	Description
Inheritance	ERC-404 inherits from the interfaces IERC-404, IERC721 Receiver, and IERC165, implementing functions specified in these interfaces, behaving as both ERC20 and ERC721.
Data Structures	Mappings track balances, allowances, approvals, and ownership of tokens. Double-ended queue stores ERC721 token IDs. Data for managing ownership and indices of ERC721 tokens.
Constructor	Initialises token name, symbol, decimals, and other necessary variables for ERC20 and ERC721 tokens.
Token Minting and Burning	_mintERC20 function for minting ERC20 tokens. _retrieveOrMintERC721 function for minting ERC721 tokens and retrieving from a bank. _withdrawAndStoreERC721 function for depositing ERC721 tokens into the bank.
Transfers	Functions for transferring ERC20 and ERC271 tokens between addresses. Distinguishes between token types based on ID. _transferERC20WithERC721 function handles transfers involving both types.
ERC20 and ERC721 Interactions	Approve function handles approvals for both token types. Functions like transferFrom, safeTransferFrom, and permit handle transfers and approvals.
EIP-2612 Support	Supports EIP-2612 permit functionality for ERC20 tokens.
Interface Compatibility	Implements necessary functions for ERC-404 and ERC165 interfaces, indicating compatibility with ERC20 and ERC721 standards.

Role	Max Number
BP	2N+1, N starts from 8 in 2022
Candidate node	5*(2N+1)
Voter	No limit

Benefits	Description
Makes smart contracts 'smarter'	AI-driven smart contracts can autonomously modify terms based on predefined conditions and real-time data input, ensuring that the contracts are not just automated but also intelligent and self-improving over time.
Levelled up data analysis	Data is the new oil, and AI is the machinery that refines it. It is possible for AI to reduce large-volume blockchain data analysis time by up to 90%.
Boosts security	Through machine learning models, AI can prevent frauds and detect security threats in real time. It can identify potential breaches, predict future threats, and adapt to evolving security measures.
Lowers carbon footprint	AI algorithms help optimise energy consumption in blockchain operations, given the flak drawn by activities like Bitcoin mining.

aelf Monthly Digest – December 2024