Global Reach
Expanded to multiple regions beyond initial European launch.
SORA 2024 Year in Review
SORA 2024 Year in Review
Section titled “SORA 2024 Year in Review”Published: December 2024
The year 2024 marked a transformative period for the SORA ecosystem. From product launches to technical innovations and governance evolution, this review captures the key milestones that shaped SORA’s trajectory.
Executive Summary
Section titled “Executive Summary”2024 was defined by three major themes:
- Real-World Adoption — SORA Card launch and mainstream usability
- Technical Foundation — Preparations for SORA v3 (Nexus)
- Ecosystem Expansion — New products, partnerships, and community growth
Major Milestones
Section titled “Major Milestones”Q1: SORA Card Launch
Section titled “Q1: SORA Card Launch”The biggest news of the year came early:
- March — SORA Card launched
- First self-custody crypto spending card
- European markets initial rollout
- Thousands of early adopters
Q2: DEX Improvements
Section titled “Q2: DEX Improvements”Polkaswap received significant upgrades:
- Enhanced liquidity aggregation
- Improved smart routing efficiency
- New trading pair additions
- Mobile experience refinements
Q3: Infrastructure Scaling
Section titled “Q3: Infrastructure Scaling”Technical improvements across the ecosystem:
- Network stability enhancements
- Bridge performance optimizations
- Reduced transaction fees
- Validator set expansion
Q4: Nexus Preparations
Section titled “Q4: Nexus Preparations”Groundwork for SORA v3:
- Fujiwara Testnet expanded testing
- Iroha 2 prototypes validated
- Migration planning initiated
- Whitepaper drafting began
By the Numbers
Section titled “By the Numbers”| Metric | Start of 2024 | End of 2024 | Change |
|---|---|---|---|
| Active Addresses | — | — | ↑ |
| Daily Transactions | — | — | ↑ |
| TVL (Polkaswap) | — | — | ↑ |
| Glossary Terms | 200+ | 369 | ↑ 80% |
| Documentation Pages | — | — | ↑ |
Product Highlights
Section titled “Product Highlights”SORA Card Success
Section titled “SORA Card Success”User Adoption
Thousands of cards issued to community members.
Spending Volume
Significant real-world transaction volume demonstrated.
Feature Expansion
Virtual cards, higher limits, more tokens supported.
Polkaswap Evolution
Section titled “Polkaswap Evolution”Key improvements to the DEX:
- Liquidity depth increased across major pairs
- Slippage reduced through better routing
- UX improved for mobile and desktop
- NFT features expanded
Fearless Wallet Updates
Section titled “Fearless Wallet Updates”Fearless Wallet enhancements:
- SORA Card integration
- Improved staking interface
- More networks supported
- Performance optimizations
Technical Achievements
Section titled “Technical Achievements”Network Performance
Section titled “Network Performance”| Metric | Improvement |
|---|---|
| Block Time | Consistent |
| Finality | Reliable |
| Uptime | >99.9% |
| Transaction Throughput | Increased |
Bridge Reliability
Section titled “Bridge Reliability”Cross-chain bridges (HASHI) demonstrated:
- Higher success rates
- Faster transfers
- Lower fees
- Better monitoring
Security
Section titled “Security”No major security incidents in 2024:
Governance Activity
Section titled “Governance Activity”SORA Parliament Progress
Section titled “SORA Parliament Progress”Governance system evolution:
- Multiple proposals passed
- Treasury allocations approved
- Parameter adjustments made
- Community engagement grew
Key Decisions
Section titled “Key Decisions”Notable governance outcomes:
- New token listings approved
- Fee adjustments implemented
- Development priorities set
- Partnership proposals reviewed
Community Growth
Section titled “Community Growth”Engagement
Section titled “Engagement”| Platform | Growth |
|---|---|
| Telegram | Active |
| Discord | Growing |
| Twitter/X | Expanded |
| Medium | Regular content |
Education
Section titled “Education”Community learning initiatives:
- Documentation improvements
- Tutorial content created
- Community calls continued
- Ambassador program active
Challenges Faced
Section titled “Challenges Faced”Not everything was smooth sailing:
Market Conditions
Section titled “Market Conditions”- Crypto market volatility
- Regulatory uncertainties
- Competition intensity
Technical Hurdles
Section titled “Technical Hurdles”- Bridge congestion during peaks
- Scaling limitations addressed
- Migration complexity acknowledged
Adoption Barriers
Section titled “Adoption Barriers”- KYC requirements for SORA Card
- Regional availability limitations
- User education needs
Looking to 2025
Section titled “Looking to 2025”As 2024 closed, the roadmap for 2025 crystallized:
Confirmed Plans
Section titled “Confirmed Plans”- SORA Nexus announcement and development
- Iroha 3 transition preparations
- Enhanced governance implementation
- Continued product development
Anticipated Developments
Section titled “Anticipated Developments”- CBDC integration opportunities
- Expanded geographic reach
- New product launches
- Enterprise partnerships
Key Takeaways
Section titled “Key Takeaways”2024 proved that SORA could:
- Deliver products — SORA Card showed real-world utility
- Maintain infrastructure — Network remained stable and secure
- Plan for the future — Nexus preparations progressed
- Grow community — Engagement and adoption increased
Learn More
Section titled “Learn More”SORA Card Launch
2025: Nexus
Current Products
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