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Developer Activities on Oasis Network: Key Indicator of Ecosystem Growth in 2024

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As blockchain ecosystems evolve, one powerful metric indicating their health and momentum is developer activity. On the Oasis Network, a privacy-first, layer-1 blockchain, developer engagement has surged, driven by advancements in confidential computing and privacy tools like the Sapphire runtime. Oasis’s developer activities, especially with new frameworks and initiatives like the ROFL and Hackathons ok the network, underscores its commitment to privacy and composability, bringing both technical and creative innovation to the platform.

According to data released by Santiment on September 16th, 2024, Oasis Network topped the chart for the highest development activity score among data and AI-oriented protocols. This uptick in developer engagement is critical not only for platform stability but also for attracting long-term investment and partnerships.

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In 2024, the Oasis Network has rolled out several updates and improvements. Key milestones include advancements in ParaTime compute nodes, which support network versatility by allowing custom runtimes tailored to specific application needs. Sapphire ParaTimes has consistently demonstrated strong developer engagement. This reflects stable, incremental growth, showing a steady engagement from the developer community to improve network resilience and utility

The core driver of Oasis Network's ecosystem growth is its technical foundation, which includes features like the Sapphire paratime, the first confidential Ethereum Virtual Machine (EVM) that supports privacy for decentralized applications (dApps). By enabling developers to build apps that incorporate varying levels of privacy, Sapphire creates a distinctive environment attractive to developers interested in privacy-first applications across finance, AI, and more.

In 2024, developer engagement on Oasis has been bolstered by the integration of Runtime Off-chain Logic (ROFL). ROFL, a framework introduced this year, enables the blending of on-chain and off-chain logic, allowing for more complex decentralized applications. With ROFL, developers can create dApps that communicate with off-chain data sources, enabling non-deterministic, off-chain processing that adds substantial versatility to blockchain-based applications, enhancing user experience and functionality

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One of the notable developer-driven initiatives is the P4W3 Hackathon, a flagship event by Oasis Network. Running from September to November 2024, this hackathon offered a $130,000 prize pool to participants creating applications with privacy as a core feature, using the Sapphire runtime and ROFL framework. The hackathon attracted developers focused on privacy-preserving applications. Projects from this initiative will not only highlight the unique capabilities of Oasis’s confidential EVM but also serve as proofs of concept for privacy-first dApps, setting a benchmark for future developers on the network.

Key judging criteria for the P4W3 Hackathon included project implementation quality, user experience, and innovative use of confidential computing tools. The event provided a hands-on opportunity for developers to integrate privacy-focused technology into their applications, accelerating the learning curve for new developers and strengthening the Oasis community through collaboration and mentorship from industry experts. By engaging the developer community with such events, Oasis has amplified its technical reach, fostering a growing interest in building privacy-centric solutions.

Oasis has also introduced several initiatives to support developers post-hackathons. Participants in hackathons were invited to join a broader support network within Oasis, including grants, incubation programs, and engineering support resources. This extended support is essential in transitioning from hackathon prototypes to fully realized dApps that can achieve adoption in real-world scenarios. In this light, it is pertinent to note that just late October this year (October, 2024) Oasis Foundation awarded a grant to Blockchain of Things (BoT), a standout project from the ETHDam hackathon earlier this year. BoT leverages the Sapphire runtime’s encryption capabilities to create a secure marketplace where IoT device operators can monetize their data streams while maintaining privacy. The platform’s subscription model and preview system allow data consumers to verify quality before purchase, establishing a sustainable framework for bringing verified real-world data onchain.

Moreover, the Oasis Privacy Layer (OPL) has enhanced cross-chain privacy, allowing developers to create privacy-protecting features that interact with other EVM-compatible networks. This added interoperability broadens Oasis’s appeal, providing developers with the flexibility to integrate privacy features into applications across multiple chains.

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Through ongoing innovation, developer support, and initiatives like the P4W3 Hackathon, Oasis Network has solidified its position as a hub for privacy-centric blockchain development. As more developers leverage Oasis’s tools and frameworks, their contributions help propel the network forward, making developer activity a reliable indicator of Oasis’s ecosystem growth and resilience. With the continued development of privacy-preserving technology and strategic engagements like hackathons, Oasis Network is well-positioned to remain at the forefront of Web3’s privacy-focused future. This surge in development activity underscores the network’s commitment to fostering a robust ecosystem, especially in privacy-focused and data-centric blockchain solutions. Developer engagement, visible through GitHub commits, new features, and network improvements, is an indicator of the Oasis Network’s potential for continued growth and innovation in the Web3 and data privacy space. Start building on Oasis Network

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