What is Taiko ($TAIKO)?

After raising $37M, captivating a large community of users on the 7 testnets and airdropping a token successfully to over 300K loyal community members, we thought it was time to take a deep dive into yet another powerful Layer 2 network known as Taiko.

What is Taiko?

Taiko is an Ethereum ZK Layer 2 network which was founded in 2022, based on the development of the Based Constable Rollup (BCR), a unique method which minimizes costs, and strengthens the security and overall decentralization of the network!

The BCR is what makes the Taiko network stand out from the other Layer 2 networks. BCR enables transactions to be sequenced with Ethereum Validator, providing the Taiko Layer 2 with concrete security. The mission for Taiko is simple, scale Ethereum to great heights.

Taiko Ecosystem

Within the Taiko ecosystem are over native and integrated 100 dApps to suit your every need within the world of DeFi. We are still in the early stages of the mainnet, yet so much has been built and so much more is to come…

Taiko’s mainnet has over 689K users and has already facilitated over 25.84M transactions at the time of writing. This incredible amount of transactions obtained in such a short time could be due to the Trailblazers campaign which is a celebration of the Taiko mainnet launch.

Taiko Trailblazers

Trailblazers is rewarding Taiko users by exploring the ecosystem and engaging with different activities, all on-chain. 10% of the total $TAIKO supply is allocated for this event and there could be more exciting events similar to this in the future…

For those interested in becoming a Trailblazer and claiming your portion of the next Taiko airdrop, it’s as easy as setting up a profile, exploring the Taiko ecosystem and having fun on-chain! Earn Taiko points, climb the ranks and unlock exclusive prizes over on Taiko Trailblazers.

Taiko Token ($TAIKO)

$TAIKO, the native token was originally airdropped along with the Taiko mainnet launch and over 300K users were eligible to claim it. The $TAIKO token is the native token of the network used to vote and propose on the governance of the protocol.

Conclusion

According to CoinMarketCap, at the time of writing, $TAIKO is currently priced at $1.96 with a market cap of $129.24M and is currently down from its ATH of $3.27, shortly after the $TAIKO airdrop took place. With the bull run just around the corner, could $TAIKO be a good portfolio choice?

Ethereum Layer 2 networks will attract the masses with their ultra-fast, super cheap and reliable transactions in the coming bull run, especially with Ethereum transactional fees inevitably bound to surge to ridiculous prices. Some Layer 2s will strive but most will fail to survive, only the best will prevail…