NeuroWeb, a Polkadot Parachain, Sees New Record in Daily Transfers

The number of daily transfers on NeuroWeb, a Polkadot parachain, reached a new record on June 20, at 79,510.

This article has been updated to clarify that NEURO and TRAC are separate tokens.

The number of daily transfers on NeuroWeb, a Polkadot parachain, reached a new record on June 20, at 79,510, according to data compiled by TheBlock.

Polkadot parachains are independent blockchain networks built on Polkadot infrastructure and compatible with Polkadot’s mainnet and its other parachains.

NeuroWeb is an artificial intelligence (AI) blockchain that rewards users for sharing data and knowledge. The project builds upon the OriginTrail Decentralized Knowledge Graph (DKG), a decentralized knowledge-sharing market developed for its predecessor, OriginTrail Parachain. The ecosystem began transitioning to NeuroWeb at the end of 2023 following a community vote.  

The goal of the DKG is to organize data on traditional and crypto assets to make it discoverable and verifiable. It connects physical world data from sectors like art, fashion, healthcare, and education with digital world ecosystems like decentralized networks, non-fungible tokens (NFTs), metaverse, and decentralized finance (DeFi).  

NeuroWeb incentivizes knowledge sharing via its native NEURO token.

The ecosystem also integrates OriginTrail’s native token called TRAC, which has a market cap of over $310 million. Knowledge miners publish to the DKG by spending TRAC tokens.

The NeuroWeb parachain builds upon OriginTrail’s expanding ecosystem, which has secured high-profile partnerships with the likes of the British Standards Institution, Walmart, Oracle, and the European Union Commission’s Next Generation Internet.

The increase in NeuroWeb transfers reflects the growing adoption of decentralized AI solutions for data sharing and analysis.

Currently, there are over 100 parachains on Polkadot, and NeuroWeb is the most active one in terms of daily transfers.

Other popular parachains include MoonBeam, Astar, Nodle, Interlay, and Phala.

Another parachain that is gaining traction in June is BridgeHub, a bridge network that connects Polkadot with its sister blockchain, Kusama.

The number of daily transfers on BridgeHub has surged from less than 50 at the beginning of June to over 6,700 as of this writing.

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