2024 in Review: Product Development
In 2024, DIA saw the integration of new data sources, ecosystem-specific oracle solutions, and most notably, the launch of DIA Lumina – a novel oracle stack powered by a layer-2 rollup.
DIA Lumina: The First Rollup-Enabled Oracle Stack
One of 2024’s key highlights was the launch of DIA Lumina, a completely redesigned Oracle stack built from the ground up. This new architecture focuses on maximizing decentralization and trustless execution while enhancing the utility of the native DIA token.
DIA Lumina comprises state-of-the-art modular components that use Lasernet, DIA’s native Ethereum layer-2 rollup, as its core settlement layer for critical data operations such as storage, computation, and verification.
Components, Features, and Benefits
Lumina’s modular architecture comprises components that source, store, compute, and deliver accurate, cross-chain price feeds for any asset while enhancing the utility of the DIA token. The features of these components and their benefits are described:
- Feeders: Nodes that fetch trade data directly from DEXs and CEXs, ensuring first-party data accuracy. They calculate prices per source and relay them to Pods at set intervals, maintaining real-time reliability.
- Lasernet: An Ethereum rollup at the core of the Lumina stack. By integrating staking incentives and zero-knowledge proofs, Lasernet ensures trustless execution while expanding the utility of the native DIA token.
- Pods: Smart contracts on DIA Lasernet that store price data securely on-chain, with a dedicated Pod for each Feeder. This setup ensures that price data remains accurate, timely, and easily accessible.
- Aggregators: Smart contracts that select data from Pods using customizable rules, producing a median price value. Multiple Aggregators can be tailored to different needs, offering flexibility and added security by benchmarking external data.
- Spectra: A cross-chain messaging integration that delivers oracle updates to any blockchain, streamlining deployment and removing the need for chain-specific configurations.
Rollout Milestones
DIA Lumina is being rolled out in phases. Here’s how far along the roadmap Lumina has come:
Completed
- Lasenet Testnet Launch: Lasernet is currently live on Testnet, powered by Conduit’s RaaS, Optimism’s OP Stack, Celestia’s data availability layer, and Hyperlane’s interoperability framework.
- DIA Genesis Staking: The testnet launch was closely followed by the launch of DIA Genesis staking on Ethereum – a staking initiative designed to reward early stakers. Community members and supporters, most notably Outlier Ventures, showed their continued support, filling up the 1 million DIA staking pool in a few hours. Check the DIA staking app
What’s Coming?
- Closed Mainnet Launch: Lasernet mainnet is expected to launch in Q1 2025 with selected node providers. Live mainnet will allow dApps to use the oracle stack in production environments.
- Mainnet Staking: Users will be able to stake DIA to secure the network and earn yield.
- Open Mainnet Launch: The full Lumina network will be fully launched allowing anyone to participate in the oracle network permissionlessly.
DIA Joined the League of Entropy Network
The League of Entropy (LoE) is a voluntary consortium of organizations working together to implement an unpredictable, bias-resistant, fully decentralized, and publicly-verifiable threshold cryptosystem designed to deliver distributed Randomness.
DIA joined drand’s League of Entropy alongside Protocol Labs, the Ethereum Foundation, IPFS, Gelato, Cloudflare, and more to contribute to the decentralization and immutable creation of verifiable, distributed randomness for Web3.
DIA had already integrated drand’s randomness beacon into DIA xRandom – the random number-generating oracle offering verifiable, unpredictable random numbers for dApps. The League membership means that DIA operates a node to strengthen the drand network.
For more detailed information, please visit League of Entropy and drand.
Data Source Integrations
DIA’s key competitive advantage in the oracle space is its ability to source data directly from sources, bypassing the reliance on opaque third-party providers. This enables DIA to provide 100% source transparency, bespoke oracle solutions, and the ability to support any asset.
For token price feeds in particular, DIA directly sources and processes raw trade data of tokens across centralized exchanges (CEXs) and decentralized exchanges (DEXs). By integrating more CEXs and DEXs, DIA expands the number of supported assets and strengthens the resilience of existing ones.
In 2024, DIA integrated eight new data sources. Here are details about the new data sources, sorted by type.
Centralized Exchanges (CEXs)
Bitget Global
Bitget is one of the world’s leading crypto exchanges and the largest crypto copy trading platform. The BitGet exchange scraper allows DIA to fetch market trade data and build price oracles for all tokens traded on the CEX.
Decentralized Exchanges (DEXs)
Aerodrome
Aerodrome is designed to be Base’s central AMM and liquidity marketplace. Taking the playbook Velodrome invented and running it on Base, Aerodrome protocol is built to represent the latest in ve(3,3) technology. It combines a powerful liquidity incentive engine, a vote-lock governance model, and a friendly user experience. DIA’s integration with the exchange enables DIA to build price oracles for the tokens traded on the DEX.
Ramses Exchange
Ramses is a next-generation automated market maker (AMM) that combines Uniswap V3’s battle-tested framework with custom incentives and vote-lock governance. DIA’s integration with Ramses means that DIA can fetch price data for the 290+ tokens traded on the DEX on Arbitrum.
Nile Exchange
Nile Exchange is a cutting-edge DEX on Linea, designed to enhance liquidity provision with innovative tokenomics and reward systems. Through this integration, DIA sources real-time data from Nile Exchange’s smart contracts to create dependable price feeds for all listed tokens, including the native NILE token.
Maverick on Arbitrum
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by the Maverick Automated Market Maker. DIA integrated the exchange as a data source to build price feed oracles for all tokens traded on the DEX on Arbitrum.
Thena Finance
Thena Finance is a decentralized trading platform and liquidity hub on the Binance Smart Chain. The Thena V2 exchange scraper is now live, allowing DIA to fetch market trade data of the 375+ pairs traded on Thena on the Binance Smart Chain.
AYIN
AYIN Meta-FI is a decentralized exchange built on Alephium. AYIN enhances trading by offering advanced DeFi tools, including concentrated liquidity, incentives, and automated strategies to maximize yield, facilitating trustless, peer-to-peer token swaps. By harnessing direct trade data from Ayin, DIA can deliver accurate, real-time price feed oracles essential for a broad range of dApps on Alephium to function.
Uniswap V3 on Base
Uniswap is the largest on-chain marketplace, available on 12+ chains. The Uniswap V3 exchange scraper is now live on Base. This means DIA’s oracle infrastructure is now integrated with the Uniswap DEX on Ethereum, Arbitrum, Polygon, and Base.
DIA currently sources price data of 3,000+ digital assets from 90+ marketplaces across 45+ L1 and L2 blockchains.
Ecosystem-Specific Oracle Solutions
DIA catered to some specific ecosystems in 2024, effectively positioning itself as one of the first movers driving the development and adoption of these ecosystems.
BTCfi: Powering DeFi on Bitcoin Layer-2 Networks
DIA is at the forefront of enabling DeFi innovation on Bitcoin Layer-2 networks. DeFi applications on These networks leverage its oracles to provide accurate, customizable, and transparent data feeds for BRC-20 tokens, Ordinals, and more.
Many BTCfi ecosystems have chosen DIA as their go-to oracle, including Stack, Build on Bitcoin (BOB), GOAT Network, Interlay, BEVM, Threshold Network, Satoshi Protocol and many more.
Benefits of Integrating DIA Oracles for Bitcoin Layer2 Networks
- Support for Bitcoin Native Assets: DIA provides price oracles for BRC-20 and ordinal tokens by retrieving data from any exchange, with future support for Bitcoin DEXs.
- Broad Oracle Data Coverage: DIA offers feeds for 20,000+ tokens, LSTs, NFTs, and randomness, powering diverse ecosystems like DeFi, LSTfi, NFTfi, and GameFi.
- Customizable for Any Use Case: DIA oracles are fully adaptable, unlocking 50+ use cases, including lending, derivatives, and perpetual trading on Bitcoin L2s.
- End-to-End Transparency: DIA ensures complete transparency in data sourcing and delivery, allowing users to trace oracle data throughout its lifecycle.
Supporting the Adoption of LSTfi and Restaking
Liquid staking and restaking tokens were some of the top trends in 2024. With these tokens improving capital efficiency by unlocking otherwise locked liquidity, DIA played a pivotal role in their adoption by delivering accurate data on these assets, enabling their practical use in DeFi applications.
To fully integrate these assets into DeFi applications—whether for lending, derivatives, or collateralized stablecoins—accurate price data is indispensable. DIA currently provides price feeds for the following liquid staking and staking tokens:
Liquid Staking Tokens
- Swell Staked Ether
- Binance Staked Ether
- StakeWise Staked Ether
- Origin Staked Ether
- Lido Staked Ether
- Coinbase Staked Ether
- Rocket Pool Ether
- Ankr Staked Ether
Restaking Tokens
Real World Assets – RWA
In the RWA ecosystem, DIA oracles play a vital role by delivering essential data for the tokenization, valuation, and verification of tokenization transactions. For instance, in real estate tokenization, DIA can provide accurate property valuation data, rental yield insights, and key market dynamics, offering valuable support to both investors and platforms.
In 2024, Fermion Protocol integrated DIA oracles to enable RWA fractionalization on its decentralized infrastructure network for verified physical RWAs. The integration introduces dynamic exit pricing for fractional NFTs (F-NFTs), improving liquidity and accessibility for tokenized RWAs.
Benefits of DIA RWA Oracles
- Dynamic Exit Pricing: DIA’s oracles enable real-time exit prices for tokenized RWAs, ensuring fair and market-reflective valuations for buyers and sellers.
- Enhanced Liquidity: Real-time pricing from DIA improves the tradability of tokenized RWAs, enabling efficient market transactions.
- Improved Accessibility: Tokenized RWAs powered by DIA’s oracles make high-value assets accessible to a broader range of investors.
→ Learn more about the rise of Real-World Assets (RWA) in DeFi
