Fuel Network summarizes 2024 ecological growth milestones and launches the first high-performance L2 solution, Fuel Ignition.

Recently, Fuel Network officially released its 2024 annual summary, announcing that this year is an important milestone in the development of its ecosystem. On October 16th, Fuel Network launched its first high-performance Layer 2 solution "Fuel Ignition", marking the official launch of the mainnet and opening a new stage of feature expansion.

 

In the past year, the Fuel ecosystem has grown more than threefold, with diversified development of DeFi, NFT, and bridging functions. Among them, the low-cost lending protocol Swaylend has entered the top 50 lending protocols of DeFi Llama, and the prediction market Griffy has also enhanced the User Experience with the new "GriffyBot" feature. At the same time, the on-chain order book exchange Spark has emerged from the testing phase and officially launched.

 

In addition, the NFT market in the Fuel ecosystem continues to expand, supporting multiple popular projects such as BearbrosNFT and GriffyCommunity's Amplify series. In terms of liquidity, Fuel Protocol has released the first stablecoin USDF on Fuel Ignition, further improving the functionality of the ecological currency. Multiple bridging tools, including Layerswap and Retro Bridge, have achieved seamless transfer of cross-chain assets, bringing more convenience to users.

 

The Fuel team thanked all supporters for their contributions and looked forward to more breakthroughs and innovations in 2025.