On December 18, HashKey Group announced the official launch of the HashKey Chain mainnet. This significant development not only marks a key step in HashKey Chain's progress towards building a compliance-friendly and innovation-encouraging on-chain financial infrastructure but also signifies an expansion of its service scope beyond traditional L2 solutions.

HashKey Chain relies on OP-Stack technology, aiming to enhance transaction speed and reduce fees, providing users with a more efficient and convenient trading experience. OP Stack is an open-source development framework that supports the OP mainnet, composed of various software components that constitute Optimism's L2 Rollup, used to create interoperable L2 blockchain networks. It simplifies the construction process of L2 blockchains, allowing developers to customize L2 networks according to their needs, thereby connecting to Ethereum and sharing its security and resources.

On November 11, HashKey Chain officially opened its testnet to developers and users. During the testnet period, the HashKey Chain recorded over 24.72 million transactions, with more than 860,000 wallet addresses registered, an average block time of 2 seconds, gas fees as low as 0.1 Gwei, 50 projects successfully deployed, and 300,000 community members actively participating.

HashKey Chain is an extremely developer-friendly L2 public chain that supports the Ethereum Virtual Machine (EVM), allowing developers to easily migrate Ethereum-based smart contracts and DApps. This compatibility significantly reduces development difficulty and enhances ecosystem interoperability. As a Layer 2 solution, HashKey Chain expands the blockchain's network capacity through Rollup technology, providing a smoother user experience and offering developers broader application scenarios. In a laboratory environment, the latest TPS of the HashKey Chain testnet can reach 400 tps, achieving the goals of significantly reducing transaction costs and increasing transaction throughput, thus providing users with a more economical trading environment.

After the mainnet launch, the HashKey Chain ecosystem focuses on tracks such as BTCFi, PayFi, RWA, and stablecoins, aiming to build financial infrastructure and full-stack Web3 solutions that connect Web2 and Web3. This not only reflects HashKey Chain's unique competitive advantages but also demonstrates HashKey Group's mission and determination as an industry pioneer.

The native token of the HashKey Chain ecosystem, HSK, was launched for spot trading on November 26 across several mainstream exchanges, including HashKey Global, KuCoin, Gate.io, BingX, and MEXC. HSK is also the ecological token of HashKey Group, applicable for transaction fee discounts, exclusive token priority purchase rights, node validation rewards, and other extensive scenarios within the HashKey ecosystem. HSK holders will also enjoy governance and decision-making rights within HashKey Chain.

The total supply of HSK tokens is 1 billion, with 65% allocated to support medium- to long-term ecosystem development, 30% distributed to the team, and 5% reserved as a fund. During the initial token generation event (TGE), the circulation was set at 11%, totaling 110,000,000 tokens, with the remaining portion of the ecosystem pool to be released linearly over 48 months post-TGE. The remaining portion in the ecosystem pool after TGE will be distributed through ecosystem airdrop incentives, developer grant programs (Atlas Grant), liquidity incentives, and continued distribution to community supporters and builders across various HashKey business scenarios. This approach ensures a more transparent and fair distribution of HSK, guaranteeing a long-term and sustainable ecosystem.

HashKey Chain CEO Kay stated, "The successful launch of the mainnet is not only a significant technological breakthrough but also the result of our team's long-standing hard work. By utilizing the latest OP-Stack and Rollup technologies to expand the blockchain's network capacity, we provide a smoother user experience and create a secure, efficient, and convenient all-encompassing development environment for developers to build disruptive decentralized applications on this compliance-friendly and innovation-encouraging public chain."

Additionally, Kay mentioned that the successful launch of the mainnet is of great significance to the entire HashKey Group, "HashKey Chain connects the existing ecosystem and businesses of HashKey Group, forming an open, decentralized financial system accessible to everyone globally, where all ecosystem components promote each other, collectively nourishing and energizing the entire HashKey Group's Web business landscape."

To support developers in building the HashKey ecosystem, HashKey Chain launched a $50 million Atlas Grant program on December 11, aimed at deeply exploring high-quality projects in the Web3 field and providing comprehensive empowerment to achieve exponential growth for HashKey Chain's application layer and on-chain users. The first phase of the Atlas Grant prize pool is $10 million in HSK Tokens, with recipient project teams receiving non-dilutive funding, technical guidance, collaboration opportunities, and chances to participate in hackathons and other activities.

Application link: https://github.com/orgs/HashkeyHSK/discussions/new?category=session-1.

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