Chain Abstraction AMA with Illia Polosukhin and Peter Volnov from HOT Protocol

Captions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.

1. 0:21

   launch launch

2. 1:29

   okay hello hello hello um excited for this conversation hey Peter hey Elia just a quick check let me make sure we're live everywhere as well um sounds good I think I'm I'm I'm looking yeah there's you me near translating there's also Kate doing an interview with Chris in parallel because you know we're sharded so we have multiple conversations at the same time yeah just it's saying it's not available on YouTube for some reason uh and uh most of people I think waiting for H protal

3. 2:08

   YouTube I don't know why the stream is not ready um it's called the um as I usually say one day we'll have a yeah it's like always but I I think the main people actually waiting Us on YouTube so it's worth to setting this up um okay why why it doesn't work um well meanwhile I'll uh be figuring out uh for anyone who already joined welcome um I'm sure we're gonna have really exciting

4. 2:48

   conversation uh kind diving in into uh what Hut has been doing as well as uh uh how um um kind of they see the chain obstruction overall advancing things and I'm sure we'll touch on a bunch of other interesting topics yep um YouTube is up so and I think yeah I see it on YouTube so you see the YouTube it's yeah YouTube your YouTube yeah all right give me one second to restart for me it's still video unavailable um can you please share the link maybe it's a new link

5. 3:36

   which so we could share it in with Community there's also obviously a lot of people asking questions there already yeah um all right and um yeah for me it's still unavailable that's weird let me ask Pasha if he can see it too and uh it look like there only you on the stream uh yeah no I mean I can see there's 100 uh almost 200 people watching already YouTube so okay so if you see Bo

6. 4:29

   fast on the video I think we yeah all right let's go perfect and sounds good all right well uh I hope you can hear us and see us um it's first time we're setting up this so many streams at the same time it's a Twitter space it's Twitter space of near it's to YouTube channel uh we are everywhere so you will be able to to join us yeah so do you want to do a quick intro uh I mean I'm sure like hot team Hot Hot Community knows you uh near Community knows me so we should like

7. 5:09

   cross introduce and then we can dive in all right um so welcome everyone this is Elia uh is co-founder of new Protocol New protocol is a blockchain where your what minet works and many other great features you was able to explore recently um what protocol is a place for La for lounge um youon for launch many nft Collections and the main infrastructure level for now for hot also when you work with h protocol part of computation work also near so this is a blockchain uh everyone of you have

8. 5:44

   been using even if you never think about it and Ilia stay behind near yeah yeah I mean that is effectively you've guys been uh showcasing what chain of truction can do right where you know the chain is so abstracted that people can just use it you know transact across different chains and not even worry about kind of underline infrastructure that is that is a vision we started near with uh you know how how do we enable kind of such a

9. 6:14

   smooth experience um as well as kind of ability to scale to millions and millions of users so maybe uh I would like to actually dive in and hear uh from you um you've guys launched in the beginning of February and you had a tremendous run kind of getting first mil users 10 days and then kind of growing really quickly so maybe would be good to kind of top metrics where are on users on

10. 6:47

    engagement uh you also support a number of networks that people can transact and engage with so it would be good to share that um yeah sure I will be happy to share so uh the hot was launch uh as experimental project in Fe first February uh 2024 almost a year ago uh we from the day Zero we launch the money hot and some volid features and we it was the time when just mini application telegram

11. 7:16

    started to grow up um this wallet features and combined with like social effect became quite popular and uh I think we had pretty impressive grow wave for the first week and later on there was a few other like waves of Big Grow um after NCoin Lounge we had a significant grow because Community got really excited about that telegram Min apps actually can be big product and believe more in these narratives and uh later during the summer we had a part of meme season

12. 7:50

    inside we did like some couple big collaborations and launch couple meme coins inside which also help a lot to attention mon people because was uh it was a great showcase that you can actually do fun activity with like real tokens and real like defi products inside Telegram and uh this bring another wave of activity and the last one was recently in September when uh H became a not just the platform to launch his own product uh it also became a big

13. 8:23

    infrastructure provider for other big multichain Brands who come into telegram uh we saw we saw this with graphon for example it's a big MIM loung pad um from B&B they have more than five million users and all their telegram infrastructure worked inside the H wallet so and later on with the yebi this is a p change uh multi chain per change uh which was part of the giveway of hamster combat and also fully worked with hot

14. 8:55

    andram and U that time I think we we wasn't like like our alltime high we was almost down and uh there was more than 15 million MPC wallets created uh for the couple weeks during this uh big partnership so now we see hot moving forward it's became a big infrastructure player so it's not just a wallet where we do have our own games and um our main headache what we try to solve we try to solve the wallet experience try to solve multichain experience for people to make

15. 9:28

    it seamless make it perfectly so other projects on like B&B on other chain can come and see users who are happy to use this product with no any uh thresholds and uh with no any problem to start so here's where we are going right now and like really quickly look into back how how we build it so what's the total number of uh kind of Topline users as well as you mentioned like the NPC wall fact this multi-chain

16. 9:59

    you guys have yeah so in total we have more than 30 million uh wallets created into the hot wallet uh we created more than 15 million MPC wallets created in the hot wallet MPC it's for multi-chain uh wallets uh we have like it's overall now monthly we have about like 7 million users who do something monthly and we have more than 1,100,000 users with a balance uh like on any chain in total mod like total user balance on any chain is more than $1 that's what count us

17. 10:32

    your R balance and um we have about uh 600,000 Traders on yuon right now uh this is our first mcoin which was launched and uh like about thousand people per day keep buying this so it's pretty um like I think it's one of the biggest distribution of mcoin among mon C chains um that's like we can go deeper in like some specific number numers but this is just overall users NPC users users with balance and kind of

18. 11:05

    traders who try some like different features uh which is quite impressive if we look in like average statistic across the chain um not many people actually ready to to touch defi especially in telegram mini apps that's what's really difficult to it's difficult to import yeah so maybe for comparison uh I think hot itself is probably bigger than majority of other chains effectively from a user number of user perspective

19. 11:38

    right so if you look at the and reent horid stats I think the number of chain chains right including layer twos that have more than million users is probably like uh like 10an maybe and then everything else has less and there's you know hundreds of layer twos and layer ones so H is really good to mass adoption you know we have to make people more trust to have high turnover inside I think this is where we're definitely not in

20. 12:11

    top 10 chains yet but uh in US boarding I think we now we're doing pretty pretty impressive job to go forward yeah so the other one I I actually asked this question on Twitter uh a few days ago which was like what's the biggest chain of excted app and I think uh a joke answer is although it has some real is binance because binance is effectively the most chain abstracted application out there which has a lot of

21. 12:40

    users indeed and and it's kind of interesting because binance and coinbase have been generally the onboarding flow for the for the users in crypto right everybody starts with an exchange because you kind of need to get in into the game and I think you guys kind of flipped the script on this allowing users in telegram on board extremely easily allowing them to start actually participating in the economy even if they don't top up money right by kind of starting to get hot um participate in

22. 13:11

    some of the auctions for me coins and other things and then obviously they can top up directly into the wallet and then transact now not just on near which uh they are kind of natively on even if they don't know that but also across other chains and so I think like that kind of definitely not hasn't been you know highlighted enough and that's why like I really wanted to have this conversation because the I think like there's a lot of people talking about like future and

23. 13:42

    like what's going to happen with the p obstruction and you know some of the I mean I also talk a lot about kind of as as kind of all all of this tooling evolving right we'll you know navigate blockchains through AI there's a lot of you know AI agents but I think what you guys have done over effectively this year has just shown that you know if you build really kind of good experience was

24. 14:08

    attached to a really good distribution model you can build kind of extremely uh easy to use on boarding method and like you can leverage all of the tech that you know been built for past years to really enable fully self- custodial experience so again compare this to centralized exchanges which have been around kind of being the traditional onboarding tool so yeah I just want to

25. 14:33

    obviously congratulate you guys with the progress anded tostem as broader ecos kind of as I think users and this users integrating and transacting across different chains yeah oh actually we've got inspired from binance for many features and it's such difficult problem to move experience for on chain activity in Sam what's close to bnet and people have so many problems with bridging with gas talken and uh this is how we got inspired for hot to in the future we

26. 15:13

    believe for this like um multichain infrastructure for many things which binance provided you for free like you can for free put it in the protocol in chain uh in the chain obstructed world you still need some token you we cannot make it gas free impos it's not impossible if you want to put your money in Unis swap pools on eum you have to pay $7 it's not going to be like from the air but what you also you can do you can pay $7 in some one universal token and uh we can just convert it to some

27. 15:45

    token to process your transaction on near to some token to process your transaction on ethereum to some token to like to pay for your fee for your bridge and U that's what we believe can be the biggest game changer is the future part users because you will have this bance experience when you work directly with a produ so is like you can put your token into farming on any chain you can buy

28. 16:09

    mcoin on any chain and it's not a problem where your money store it you can do everything you just sometimes have to pay more H sometimes less uh if you want to buy mcoin on ethereum it's going to be one amount near it's going to be way cheaper and we will convert this talk into some background and uh do everything for you and the more important most important stuff it's fully noncustodial so you keep your money you keep all your set sets on the cross all chains you have your own stake

29. 16:42

    and all these protocols and uh this is no kvc it's open platform to do anything and this experience if we can create this close bance experience in telegram or in as viral messages and made it non-custodial like it's it's going to be make game changer because non-custodial it's not only about security it's also about freedom because binance has a huge limitation what they can give us user to

30. 17:09

    use and if some product doing a great job providing a good API but they they have to go through really long process to come into binance and when they come into binance a lot of Stak is here API will never that high as they can be on chain like you know on Bor you can get 15% now stable coins if you would able to binance users put money on borrow how long would you able to keep these incentives probably not really long and the best revenue is on chain uh the best

31. 17:40

    like offers we just have to make sure it's available for users and the hot hot protocol and hot wallet is here to to make it to make it work I think when also you describ s custodial I think they important to note is when you you go through the kind of telegram hot wallet that is just one way to access your account you can also go and open this account in other wallet providers so effectively like it doesn't matter which kind of application and UI

32. 18:13

    you use your state your account your assets your kind of data Associated to this is is yours and it's kind of accessible through the you know private keys and kind of different devices that you authorize and and you know that is that is what allows to have this kind of freedom because for example even if Hot wallet in telegram not add some feature right access through application and so that's or you can you know with like

33. 18:45

    with wallet external locations and so I think that's that's indeed the benefit is like you know it's not a closed platform but actually like it has all this open features so um um yeah and again the benefit is it's not just for one network it works across all the networks so you can go into any of the uh any of the uh networks supported and transact across all of them so maybe worse kind of than zeroing in into things like Omni balance and kind of how you guys you

34. 19:21

    know you mention like hey $7 to do something on edium which is you know pretty expensive for uh well for for everyone honestly and uh uh and especially if you're moving like not that big of amount of money and so you guys are working on again like abstracting that out and making it like really easy for people to transact kind of across all the chains even if they don't really need to move things on that

35. 19:46

    chain directly yeah yeah that's what's going on right now we started the first step we did was Omni balance um some some users would was able to experience this with uh fire drops or Bridges if you use any so if you was joining have a trading contest and you ever click with draw button on your token it actually was transaction from Omni balance to one chain so super simple Omni balance is a aggregated balance which keep on the one

36. 20:17

    big smart contct on near which hold all your balance across all chains and it's really cheap for us to send you money on this om balance like we can send you eum on this Omni balance bance it will be about the free and then you can use this bom balance to withdraw token on any chains so it's close to like what's your binance balances like you deposit there it's really cheap to make transfer inside binance you can withdraw it then on any chain but this is a non-custodial like your money is actually locked in

37. 20:49

    smart contract which is really nice and uh this what chain obstruction let us to do and uh this Omni balance in the future not only be able for you to like store money from airdrops we we want to add more really interesting protocols on this on balance for example we can buy we can put money in layer zero we can get government token or like liquidity provider token put them on Omni balance and you will be able to buy these tokens and actually

38. 21:20

    like stake your money in layer zero and you have to make no transaction eum to do this you just have to buy LP tokens which was finally like created on near uh this is really good use case and also every swaps everything can be processed on this Omni contract P may be in a future exchange cheap liquidity and um you can do all operation on this Omni balance by using um protocols across all chains you can buy you can put your money in unisa pool uh on on base if

39. 21:55

    it's more profitable and you have you don't have to be clear what is base and like how many steps I have to do I just buy all tokens on on om balance so think about it like a special storage and near where you can buy um your um uh we you can buy some assets here which means you invest it or you put your money in the actual product on on the chains and uh that's what also make me very like inspired it's I'm it's

40. 22:26

    it's really it's really cool to build this infrastructure and that's extremely new experience because you don't need to uh provide for people on background 10 transaction like withdraw Bridge buy uh stake you just have to make swabs for some tokens on this Omni balance and uh other projects if they want to be available on this Omni balance they just have to stop their pipeline to provide their tokens to this only balance from example from their liquidity providing and um that's

41. 22:58

    it they will be available on hot wallet and uh some Brides some protocols can be offered their service uh to one one million plus users uh with now bring them on this chain and ask them to pay for gas uh that's what Omni balance is uh that's what our vision is for Omni balance and uh uh we we already making it step by step people already can experience the bridging which is zero free fee for now and it's a bridge is under 30 seconds I

42. 23:32

    just check statistic before the stream and uh the fire drop where we can distribute 5,000 transaction on B&B chain paying under 10 cents uh versus om bonuses and that's really cool awesome yeah I mean that's a lot of innovation and it's I think again fits really well into this idea that like chains are abstracted and now you have like kind of one place where all the balance dated I mean it's almost you know if I if I look at it it's almost

43. 24:02

    like you're using near protocol as a back end of binance and then big POS database yeah yeah so and then you're kind of providing the The Experience on top of it as well so I know you guys it's not just backand for binance it's also open if we build this infrastructure any other project can came on here and say hi we want to create this uh smart contract for ton this also what we have bu working on now many ton con collaborations and it's here welcome to

44. 24:36

    create great services for our users you know you don't even have to let us know just go forward and build yeah and I think there is a API like if I'm building my telegram bot I can just like plug in so people can connect through Hut right so like they can use their account they can use all their one balance Omni balance to connect to is Omni balance if you have your tokens you can like you can list it you can pay fee it's now about $50 and you can add your token to Omni balance so and you will be able to make

45. 25:07

    distribution to if you want to link your tokens from two chain you need white listed you have to go through Dow but if it just token from one chain which you want to upload near this is just $50 fee it's really simple right awesome um well I know you also guys collected some questions from uh from the community do you want to switch to uh to kind of go over those I'm ready to go all

46. 25:49

    right um I mean one question I know I saw few people asking was around security right what is the trade-off of security having a telegram uh bought effectively and how yeah like how should people think about it yeah so security is a big issue which we target from early days and we have now two big Solutions the first of all just to understanding all telegram BS provide pretty strong API how we pretty strong features how we can store your data on your device we don't have to

47. 26:42

    share it anywhere and uh tellegram do it pretty secure so if you save the seat phrase It's the chance of compromising your phone is really small even if someone like hacked tegram back end they will not able to do anything for with your money um they have to hack your phone directly which is way more complicated uh so this is what we have right now but we also moving users to NPC wallets now it's supported Tron and all evm chains and with this MPC wallet

48. 27:15

    uh soon you will be also able to many way of Co authorization so to sign transaction you don't only need you know your seat phrase but also your 2A and uh that's what make it really secure so we actually if you use NPC wallet you have a choice in setting if you use your original wallet your classic it's storage encrypted on your device so before someone got your device it's impossible for them to use your money if you use MPC your SE phrase even not stored on your device it's distributor

49. 27:47

    among all network of hot bu others and uh it's extremely difficult to compromise so you just make sure authorization you're using like your seat phrase or your T any future you know you do not lose your seat phrase and you do not put your seat phrase in some scam Bots which for now unfortunately is the main reason how people use lose money it's happen every day hundreds of people at least who contact support who put their seat phrase in some sites but that's what we

50. 28:17

    cannot prevent you if you will take your uh super secure password from your Facebook account and put them into some fishing website you will lose it your Facebook account right say developers cannot do anything with it well actually I mean so so I actually wanted to discuss this because usually Facebook and Google they have an active uh detection system right where they like monitor that you're coming from you know suspicious IP addresses Etc and

51. 28:46

    block that now the problem is when you connecting to blockchain right there there's no intermediary to do that effectively right right now if you if I get your if I get your seat from phrase I can send transaction directly to blockchain and blockchain doesn't have any such uh mechanism because this is like actually it's changing because with MPC wallets you have add more rules exactly and one of the rules can be your seat phras and you can force make

52. 29:18

    transaction for example in three days but if you want to make transaction right now you have to go to some service who will verify your transactions not suspicious and uh like it's a correct country it's a like normal transaction it's not someone drain your wallet and uh it's maybe only transaction for some specific amount of wh list wallets so you can only send money to your white list wers and this what never existed before so with hot MPC wallets you will

53. 29:49

    able to not only use your seat freas but also have a our service to verify your transaction and legit if you don't like if you think we stop doing this good you can always remove this verification for three days but during this three days if you lose your seat Race For example no one will able to stall your money you will receive bunch of notification request from support this three days when we will really try to ask you

54. 30:16

    please take your money out your someone tried to use your wallet and uh that's what's like really new wave and we hope this approach we we we are really close to relas to we it's already in better with testing good right now internally and uh I hope soon uh it will be available for everyone so hot wallet will be the most secure non-custodial wallet because you could you will be able to publish your seat Ras on Twitter and still make sure no one can St money

55. 30:47

    that's still still don't do that yeah yeah yeah May experiment like here's my seat phas you're welcome to hot wallet try to stall it and then will be so it's it's my that's that's definitely a good yeah advertisement thousand you want there so people might short it if they don't yeah yeah I think the the uh the originally actually near wallet had toofa and it was done through a multisig where there was indeed another server that would cosign with you if like

56. 31:21

    through your phone verification email verification now it was a little bit complicated because of kind of the the spe specific technology choices um of that stack but indeed you guys are actually kind of refreshing the same idea but now with the more advanced tack but actually I've heard stories where every all crypto was stolen from some people except near because they had toofa so like that is like fundamentally like a you know needed feature that enables completely different level of

57. 31:52

    security I heard a story too from early beginning when we just started build wallet on near people came up to us and say like why you don't support two and uh that's actually what's an actually like for many people it's very important and yeah and there's yeah NPC like this chain signatures allow so many new ways of doing things like you can also do social recovery where you can designate for example you know 10 other accounts

58. 32:19

    and six of them if they come together they can recover your like even if you lost seat phrase completely they can recover your account obious yeah you can create any rules it can be TFA email recovery uh it's uh it's scambling any anyway and we also what's really important um we probably only one MPC protocol who was tested on such a high load so uh during the like hamster air drop there was more than 50 million

59. 32:51

    MPC wallets created and uh more than 17 million transaction sent to log into like yeah ex change and do some activities there for a day it's really intense like I know was almost overloaded we created a bunch of really strong updates to make it possible it was this really really bad days for our team uh but the NPC network was like in the wor case it was about 10 seconds to sign but average was under two seconds so it's very impressive it's like it's system which was Ted on really big load

60. 33:24

    up like they do and it was with no like any restriction by H we don't judge H right now to sign this transaction it was like real dos from users and we was here to make it's SE usage it's it's called usage usage the usage was that and like I'm proud for our protocol team um they bet in Germany they did a great job it was a deep night for their time on and uh somehow it's always yeah at night does it doesn't matter where you are

61. 34:00

    it's always at night and and you had like what 500,000 concurrent like users right at some moments in moments like on the peak we had more than 100,000 users living who try to do something in the app but like signing signing process or like Peak we had more than 1,000s per minute I think signs so it was pretty intense nice um yeah I mean maybe the other interesting question actually uh I'm kind of paraphrasing what I've saw some people asking is um kind

62. 34:41

    of effectively like between you know near blockchain right kind of providing all this infrastructure uh at the same time you know near definitely has like lower tvl and kind of then many like than few other blockchains that are way more kind of uh you know have a lot more financial activity right now and then at the same time kind of what you were just describing right is a completely different way of engaging with blockchain and so I actually wanted to just talk through this because I think

63. 35:12

    it's it's a mindset change on what people value right right now it's like oh how much tvl on this network that defines you know how much like how successful your token launch will be or how much money can your application make but what you guys buil was you know few other folks are building like B and sweat wallet really kind of removes that you know mindset of a s blockchain kind of

64. 35:41

    like by so I think example you've guys few of the that are effectively been launched on multiple chains at the same time right so they kind of tapping into liquidity across the board at the same time if you have a nin balance you actually can you know like it doesn't matter which chains the token is on right you're trading kind of them across uh well I still think that liquidity there is a part of true I agree with you but it's still if we been talking about

65. 36:12

    chain abstraction blockchain tvl is extremely important if you're thinking about on board all these protocols from near people will be will need liquidity to buy Stak so stake Omni balance St or St Unis swap St uh uh layer zero all the tokens we need a really small lency a lot of liquidity best swap rates like we need direct connection to some exchanges probably to create this really small fee perpect changes and uh that's what we we cannot like even like cool protocol can

66. 36:45

    provide the way to do this but they still need to be big commitment from many other partners to provide liquidities there and we also if we don't have commitments from Project especially on beginning to to bridge their ass sets on near we have to make sure we we will have this this opportunity to make it for them like if L zero doesn't wanted to create this from the first step we have to buy this

67. 37:09

    assets for our like resources and put them on balance for people so I think strong strong liquidity support and like what we think about TV it's not like exactly correct but this is a like it's like you know when you when I go to Kraken and I go to B I never like swaps on on Kraken because yeah they they they may they might do many good features but my rate when I'm swapping 10K doll I have 1% slippage uh and I don't think

68. 37:41

    I'm happy with anything else so um of course we like right now near for example if you want to swap B&B to to use DC you Max you can comfortable swap with couple hundred and uh it's different hard to on board a lot of people if we have such such rates but it's changing I see some projects committed to provide more liquidity and I see it's like a primary focus of New Foundation what they're working right now so I hope it's changing and tvl not

69. 38:14

    like how many people keep there like not using money but here is how great is your swap rat that's what's really important yeah so I mean and that's that's I think is an interesting because in a chain attractive world right like what we're going to see with uh intent based effectively swaps is that this liquidity it lives somewhere but it's not going to be counted as tvl because

70. 38:39

    it's not actually going to live like for like locked in specific smart contract right it's going to be on the solware network being able to provide you the trades and effectively routing them through centralized exchanges or decentralized exchanges whatever is better at the time and so I really think uh I mean my point was more right like the tvl itself is kind of a outdated metric in the chain obstructed world

71. 39:03

    because you know the Omni balance and uh kind of like ability to move assets around and with this intent approach kind of what we're going to see is that you're gonna you know be able to swap BNB for usdc again in like in abstracted way like it doesn't matter like which chain those things actually going to materialize and it will try to find you the best trate depending on all of the

72. 39:28

    markets available across all chains and the and centralized exchanges and so let's say it's not CVL it's AVL available total Vol locked you know so like how much you can touch from from your chain obstruction chain that's that's what we I like this metric so this is yeah and like how much Li people doding every day it's like not turn over exactly but like how many total unified liquidity yeah yeah

73. 40:03

    access this metric to you know to new blocks yeah it's like right away you know integrate ethum boom 100 billion added so in our case right now we also say the tvl is a something what like for wallet it's more important I think because it's how much money we earn and how much we can offer to project and uh um we uh like right now we mainly focus on grow people we want to Uno as much

74. 40:33

    people as possible and uh our main metric is how many uni wallets with balance we have but soon we we we see we we we see many way how we improving the how much people actually hold in the hot wallet we are going to large extension pretty soon and uh uh to make this narative works it's it's not fully inogram it have to be the whole infrastructure ch abstracted wallets and um it was always a main goal for us so it's make Mass adoption for people but

75. 41:04

    it's not completely in telegram we want people using them from the mobile application from the extension so uh and uh This Way total available balance of people will be much higher what I believe yeah I mean I think that's like it's almost a right effec to like how much assets under management under this network you have you have built and then that's like one side and the other side yeah like how much liquidity is accessible through various different protocols that you're engaging with but

76. 41:38

    if you back to mass adoption by the way we like recently passed five million unicum fire drops which is actually crypto link drops with real tokens which have been made through om balance that's quite impressive it's yeah it's if especially we talking about this like memec coin air drops it's people what they don't do like that popular and uh it's only available you know you can

77. 42:04

    follow my channel in Telegram and have $0.1 rrop which is impossible to don't Sal you know you have to pay 30 cents for your storage fee but here it's it five million transaction that's that's what people receive on om balance it's quite like with with this five drop feature and it's only one of example uh how you can utilize chain obstruction would you say near is more scalable and cheaper than saan like near say storage for sure like technology before before

78. 42:37

    last Shard update we was on the on the peak we had more than 100,000 trally mean pool I cannot believe that exist on any other chain like on technical side that's one of the reason why we building this chain obstructed back by near because it works you know it's it's works for the load and the protocol did some improvements recently like for the last year to make it even even better and uh they this like you know 5,000

79. 43:06

    transaction my previous example 10 cents including storage fee like that's insane that's that's really good I I don't believe we can make it on other chains um awesome I think actually things I get like the new version 2.3 releasing it's going to get even cheaper because reducing gas costs for all those things they needed make now they have to return me pool capacity that's a main headache I told this B about it yesterday that he promised me to look back into this

80. 43:36

    because they decid okay 100,000 transaction in me pool it's not it's not bad but let's make it 1,000 you know just in case like everyone was like why and they was like okay we just choose his number you know yeah yeah no they should fix that but well I think we uh pretty much out of time uh I it was really great conversation I mean obviously you guys did amazing job on boarding ton of people as well as you know finding new

81. 44:09

    ways to engage them you kind of manifesting the chain of traction uh into you know users both who don't know about crypto and kind of care about different networks as well as for people who are new and who are just you know using hot effect that's is their interface to the blockchain space so uh I mean I wish you continue continue doing that hopefully near protocol will continue supporting across the board with uh technology and Innovations and then you know let's continue on boarding

82. 44:40

    uh Mass masses to crypto just one things yeah I'm was happy to talk to just one world for people who was waiting here for some you know I see many your really production questions about like the exact features or the listing or the talken well which we did not touch on this conversation um if you will if you will if you'll have more than 2,000 likes under this video we probably will make another um amama

83. 45:11

    session with probably par from him to be more focused on this follow features we have right now so with IIA we got the chance to talk more about the vision for hot infrastructure and hot protocol you know our Twitter it's not called hot wallet it's called hot protocol it's because we make the main bad to this infrastructure we want to to build and we believe that this will be the main

84. 45:35

    like utility for hot in future is how you manage your assets and your transaction across all those chains and what we this is what we making our Focus right now and um we had a chance to talk about this more technology side I hope I shared some Vision we have with you and uh you can now more see where we're going but um if you have more questions specifically about their features like history of them some meme coins what some people do what some people don't we

85. 46:07

    also happy to talk about it just you know leave your questions that have two 2,000 likes and uh we will make the same am stream next time with maybe paser who who mainly focus on this internally now with him