Band Oracle v3: Testnet in Overdrive

Published : May 01, 2025, 07:09 PM ISTUpdated : May 02, 2025, 02:21 PM IST
https://stocktwits.com/news-articles/markets/cryptocurrency/band-v3-phase-2-update/chLveA6Rbiw

Synopsis

Band v3’s Phase 2 speeds up data delivery, expands coverage, and gears up for mainnet in Q3 2025.

Band Protocol (BAND) just unleashed Phase 2 of its v3 Testnet, and it’s no minor tweak. 

This fresh upgrade claims to accelerate everything from block times to symbol capacity. It’s all about delivering data faster, safer, and across multiple blockchains.

Anchored by threshold signing (TSS), the system sees block times slashed from six seconds to one. That’s a 3x speed boost. Meanwhile, symbol capacity got a 10x push, so bigger feeds can be handled without blowing a gasket. 

Real-time telemetry is also in play, thanks to Grogu (This Is The Way) and Cylinder. If a validator stubs its toe, these modules let you know before it becomes a crisis.

Then there’s the Data Tunnel expansions. IBC-Hook, Router Protocol, and Axelar (AXL) integration to put cross-chain data on autopilot. It’s basically an all-you-can-eat buffet for any network that wants secure price feeds. 

Here’s the short list:

  • 3x faster block times
  • 10x symbol capacity boost
  • Real-time telemetry with Grogu and Cylinder
  • Cross-chain coverage via IBC-Hook, Router, Axelar

Phase 2 also comes with handy developer improvements. Automatic TSS group selection means fewer headaches. Gas settings auto-adjust to prevent failed transactions. The next milestone? A Q3 2025 mainnet launch, so the clock’s ticking.

For updates and corrections, email newsroom[at]stocktwits[dot]com.<

PREV

Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.

Recommended Stories

Meesho IPO Allotment: Here's How to Check Status on Registrar, NSE & BSE
Corona Remedies IPO Opens for Subscription: GMP Strong but Should You Apply?