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Morph launches mainnet on Ethereum with 6M wallets onboard

Morph launches mainnet on Ethereum with 6M wallets onboard

GrafaGrafa2024/10/31 10:00
By:Mahathir Bayena

Morph, a global consumer layer, launched its mainnet on Ethereum (CRYPTO:ETH) on October 30, aiming to accelerate blockchain adoption by offering a user-friendly experience. 

According to the company, this launch provides an expanded platform beyond conventional Layer 2 solutions. 

The mainnet enables participants to engage with real assets and conduct secure transactions, broadening blockchain’s reach to non-crypto users. 

Cecilia Hsueh, CEO and Co-Founder of Morph, described this launch as a significant step toward making blockchain accessible to everyday users, noting, “Currently, dApps are not designed for everyday users—we are working hard on changing this.” 

The initiative aims to offer developers and users the infrastructure needed for building the next generation of decentralised applications. 

Following the Holesky Testnet, which included key upgrades such as the EIP-4844 Optimistic zkVM integration, Morph's mainnet aims to reduce transaction costs and improve security. 

The testnet recorded over 6 million wallet addresses and 100 million transactions, with more than 200 projects deployed. 

Additionally, a revamped bridge mechanism now finalises withdrawals in a single transaction, simplifying the process. 

Azeem Khan, COO and Co-Founder of Morph, expressed the company’s commitment to becoming a comprehensive platform for developers. 

He said, “Our goal is to be the one-stop shop for all builders around the globe to come build on and be able to create success for the projects they’re working on. It’s time for there to be a chain by and for the builders.” 

Morph’s approach combines optimistic and zero-knowledge rollup technologies to address regulatory, scalability, and performance challenges in blockchain adoption. 

Unlike other blockchains that focus on technical aspects, Morph emphasises mainstream usability and developer support through funding, incubation, and market strategies.

At the time of reporting, the Ethereum price was $2,669.44.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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