January Haven1 update: dev updates, TokenMetrics score, and testnet growth

January dev updates highlight Haven1’s continuous growth moving forward, paired with a strong TokenMetrics evaluation score. Not to mention current testnet growth climbing higher than ever. We’re here to give you an overview of Haven1’s progress in January, as well as what’s next.

Key happenings:

• Surge in Haven1 testnet users
• Top TokenMetrics grades
• New Dev updates and enhancements

Advancing the surge in users

Have a rollback on the recent development updates in January. Haven1 had a good jumpstart on the first week with an impressive surge in testnet activity and user engagement. It welcomed over 25,000 users from the waitlist as more users are waiting to participate in the testnet actively. The momentum continues with 26,101 wallets on the waitlist, 28,100+ transactions, and the issuance of 1,325 Proof of Identities (POIs).

Fast forward to the second week, Haven1 is already exceeding expectations. In just a week, the total wallets on the waitlist increased to 27,000, along with a 62,000+ increase in transactions and 2,800+ verification of POIs on the testnet. Then it dropped the ultimate announcement for their new initiative - the Haven1 Grants Program, an app that provides funding opportunities for developers contributing to the Haven1 ecosystem.

The team brought multiple enhancements to the user interface and experience. The wallet sidebar now boasts a ‘Refer & Earn’ function for interactivity. The Testnet faucet experience was also optimized to reduce the user’s queue times. Adding to the move to improve technological strides, an Australian node was integrated into the network to boost its speed and reliability. 

Building the crypto stronghold

Haven1 was evaluated by TokenMetrics and received an impressive score on code quality, technology, and overall viability. Notably, the project received full marks for code quality at 100%. Overall, the report highlights an outstanding total percentage score of 83.64%. With such scores and its backing from Yield App, Haven1 is making its way to becoming a model blockchain project capable of adapting to evolving on-chain finance needs.

However, succeeding through the crypto landscape is not without its challenges. Rug pull scams have become a prevalent issue in the industry and have raised concerns among investors. Due diligence can be a defensive shield from rug pulls, but not for long without proper risk management measures. In the face of such issues, Haven1 assures the security of traditional finance while retaining the benefits of on-chain finance for investors who need fraud resolutions.

Dev updates for testnet

As you take a closer look at the current state of the Haven1 Testnet, the numbers show that the project is heading towards substantial growth and active user participation. The project is keeping up the pace from last year and hitting goals with more users joining in. Overall, recent updates from developers are looking good. 

During the testnet’s launch in December, Haven1 started strong with 10,000+ whitelisted members. By the close of the year, that number had doubled to 20,000+. As we kick off January, the count has surged to an impressive 29,144 milestone with 101,485 transactions completed. Haven1 is also introducing new app features focused on creating an even smoother user experience.

Here are the highlighted new app features:

• User interface (UI) enhancements
• New swap with guided steps
• Expanded RPC network
• Less queueing for the waitlist registration process
• Less network traffic with RPC proxy limiter feature

Haven1’s overall growth in January is marking a strong start for 2024. Our continuous moves towards advancing our ecosystem and user-centric updates prove our commitment to making safe on-chain finance a dream come true.