STEEM EVM Update: 223K Blocks, Welcoming @justyy & Sherpa Protocol Revenue
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The Steem Virtual Machine (SVM) continues to operate with exceptional stability, having now crossed 223,000 blocks. Today, I am thrilled to welcome a key community figure to our validator set and share some exciting early metrics from the Sherpa Protocol test environment.
Previous Updates
Welcoming @justyy
I am pleased to announce that @justyy has successfully joined the SVM validator set! This brings our total number of active validators to 12.
As discussed in previous posts, we extended the deadline for the 5,000,000 SHERPA genesis reward distribution to August 4th. Since @justyy joined before this new deadline, he will be included in the equal share of the reward pool. His participation further strengthens the decentralization and security of our network.
Sherpa Protocol: Early Revenue Metrics
Even in the testnet environment, the Sherpa Protocol is demonstrating its economic viability. Through swap fees and sUSD stability fees, the protocol has generated $34.48 in simulated revenue.
While these are test values, they highlight the potential for sustainable yield generation within the SVM ecosystem. As we move toward mainnet, these mechanisms will drive real value for liquidity providers and SHERPA token holders.
Current Network Stats:
- Total Blocks Produced: 223,000+
- Total Transactions: 1,002
- Registered Addresses: 80
- Average Daily Transactions: ~31
- Average Gas Price: 1.1 gwei
- Average Block Time: 6.7 seconds
Optimization Note: Block Time Adjustment
The current average block time of 6.7 seconds is slightly higher than our initial target due to network latency across our growing validator set. To maintain optimal throughput, I plan to propose a governance parameter change to increase the blocks per year, which will effectively decrease the target block time. This will ensure the SVM remains fast and responsive as we scale.
Sherpa Allocation Details
For those interested in the broader tokenomics, the initial SHERPA allocation details for pre-sale backers and other stakeholders have been published. You can read the full breakdown here:
Sherpa Allocation - August 1st MSA
Current Validator Set (12 Nodes)
Thank you to all our validators for their dedication and uptime:
- @blaze.apps
- @upex
- @cur8
- @blazed007
- @steem-agora.evm
- @xpilar.witness
- @yasu
- @dhaka.witness
- @happycapital
- @steem-space
- @luxalok
- @justyy
How to Connect & Participate
To start interacting with the SVM or setting up your wallet:
- Network Name: Steem Virtual Machine (SVM)
- RPC URL: https://evm.blazeapps.org
- Chain ID: 8163
- Currency Symbol: STEEM
- Explorer: https://evmscan.steemscanner.com
- SVM App: https://svmapp.blazeapps.org
- Discord: https://discord.gg/xAtjgbm8Tr
Community Engagement
- Test Sherpa Protocol: Try swapping or minting sUSD to help generate more test revenue data.
- Witness Support: Your vote supports the ongoing development and infrastructure costs of the SVM.
If you value proactive engineering, UX polish, and performance optimizations for the STEEM ecosystem, please consider supporting my witness: blaze.apps