Key Takeaways
- Supra, a fully vertically integrated Layer-1 blockchain, has launched its mainnet and $SUPRA token. The cryptocurrency is available to trade on the mainstream exchanges ByBit, KuCoin, Gate, and MEXC.
- The protocol aims to achieve a transaction throughput of 500,000 TPS while offering support for multiple virtual machines, including EVM, MoveVM, and SolanaVM. This allows blockchain developers to deploy smart contracts from other ecosystems to create a wide range of DApps for Supra users.
- Supra gained traction last year with the launch of its Project Blastoff campaign, where 500,000 verified users took part in quests to earn SUPRA through flexible vesting contracts. In August, the protocol launched its testnet, processing over 9 million transactions through games since.
- The ecosystem offers a multitude of blockchain-native tools, including Oracle price feeds, on-chain randomness, and cross-chain transaction capabilities.
Layer-1 blockchain Supra has announced the launch of its mainnet and listing of its native SUPRA token on leading centralized exchanges. The cryptocurrency is now available to trade on ByBit, Kucoin, Gate, and MEXC.
Supra Launches Highly Scalable Blockchain And Lists Native Token On Exchanges
Supra is a fully vertically integrated blockchain that is tasked with achieving 500,000 transactions per second (TPS) throughput. The protocol supports multiple virtual machines (MVs), or MultiVM, allowing developers to deploy smart contracts from various ecosystems, including Ethereum Virtual Machine (EVM), MoveVM, and SolanaVM. This flexibility enables the creation of a diverse range of decentralized applications (DApps) tailored to the end users’ specific needs.
In an effort to meet industry standards, the Supra team went through months of meticulous preparations with Tier-1 and Tier-2 exchanges and years of innovation. The network partnered with leading trading platforms to meet the highest security, performance, and compliance requirements, ensuring a smooth and secure token generation event (TGE).
Joshua Tobkin, the co-founder and CEO of Supra, described the launch as more than a technical feat, emphasizing the efforts of its engineers, developers, researchers, and business teams, who share a commitment to building a “next-generation blockchain infrastructure”.
Supra Testnet Processed 9 Million User Transactions While Achieving 500,000 TPS
Supra has garnered much attention in the Web3 developer community since the Project Blastoff campaign took place last year. At the time, over 500,000,000 verified users participated in various quests to earn SUPRA tokens made available through flexible vesting options.
In August, the network launched an incentivized testnet through its Starcade arena, which has since processed over nine million verified user transactions across interactive games like Dice Vision and Astro Predictions. This allowed blockchain developers to test the network under real-world conditions.
The ecosystem offers a comprehensive suite of tools and services tailored to the developers’ needs. Supra clocked in a throughput of 500,000 TPS on 300 globally distributed nodes with sub-second consensus latency. Early developers are already gearing up to deploy DApps on the mainnet.
Chief business officer and project co-founder Jon Jones emphasized the team’s dedication to creating a “resilient, and scalable” blockchain ecosystem for the Web3 market. He also noted that the team has been actively working with its partners to establish “strong liquidity, seamless integration, and robust foundation” for the Supra community.
Supra’s dedication to the cause led to discussions with notable Web3 leaders, including Sam Blackshear of SUI, Vineeth Kashyap of Aptos Labs, and Justin Bons of Cyber Capital, during the Spacefest event held earlier this month.
The layer-1 blockchain offers a comprehensive platform with native tools, such as Oracle price feeds, on-chain randomness, cross-chain transaction capabilities, and automation. It is also expected to adopt features of EVM and SolanaVM in the coming months.
Furthermore, the Supra Containers feature enables developers to create custom ecosystems without the complexities of external services. Meanwhile, extensive third-party audits, stress testing, and penetration testing ensure that the blockchain meets the high standards of each exchange partner.
Supra has also incorporated additional incident response protocols to protect users’ data and maintain trust in the Web3 platform.
At the time of writing, SUPRA is trading at $0.01414 – down 11.6% in the last 24 hours. Supra has a market capitalization of $86.88 million and attained a 24-hour trading volume of $98.53 million. From a total supply of 100 billion SUPRA, nearly 6 billion tokens are currently in circulation.
