Layer one networks, Fantom (FTM) and Solana (SOL), have been seeing huge development since the beginning of the year. Fantom (FTM) is planning to implement a new upgrade after expanding its ecosystem for scalability earlier this year. Meanwhile, Solana (SOL) has also mapped out plans to reduce node outages and congestion.
On the brighter side, Snowfall Protocol (SNW) allows everyone to easily access a cross-chain asset transfer bridge. The protocol was built to enhance chain-to-chain communication and interoperability. As if that were not enough, it doubles as a DeFi ecosystem and investors, with thousands of investors flocking to the project daily.
Fantom (FTM) founder makes announcement as they complete 100% rally
Fantom (FTM) has been on the news with several developments mapped out to expand its ecosystem and achieve more scalability. While this has further boosted Fantom (FTM)’s price, Fantom co-founder Andre Cronje revealed that Fantom (FTM) users should not expect any new announcements because the layer one scalable network is focused on progression.
So far, Fantom (FTM) has been an excellent alternative to Ethereum in terms of providing scalable, low-fee, and light-speed transactions. According to Cronje, Fantom (FTM) is focused on providing the best and standing out from its peers. In 2022, Fantom’s daily transactions rose to an average of 500,000 to 1 million – as more dApps are choosing the network as their home. Therefore, Cronje thinks improving gas subsidies and incentives is better to attract more dApps and blockchain projects. So far this year, the Fantom token (FTM) has grown by more than 100% from $0.198 to $0.4.
Solana (SOL) Development Updates
Wading through the havoc that FTX and Alameda’s collapse wreaked on many blockchain projects, anyone would say Solana (SOL) can’t recover. At the peak of the event, Solana (SOL) lost 97% of its value as it dipped from the 10th to 17th position of top cryptocurrencies by market cap. However, Solana (SOL) is having an impressive run-up in 2023.
The coin has become a cynosure that is reviving hope of a better tomorrow for scalability after receiving support from Vitalik Buterin, and this built a positive sentiment around Solana (SOL). Meanwhile, many Solana (SOL) shorts were liquidated, boosting the price. Currently, the Solana (SOL) blockchain has gained over $66 million in TVK value, with more than 140% rise in price this year.
Why Investors Are Flocking To Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is an open, unique, and decentralized cross-chain transfer ecosystem designed to enhance the movement of funds from one chain to another. The protocol was built to reduce the effect of the barrier of communication between blockchain networks, thereby improving their interoperability.
Snowfall Protocol (SNW) features state-of-the-art, one-of-a-kind tools that make it easier for anyone to interact with over 200 EVM-compatible and incompatible chains. In addition, it uses canonical/reverse canonical bridge for crypto asset transfer, while the swap/wrap system ensures the secure and easy bridging of NFT assets.
The importance of the Snowfall Protocol (SNW) in ensuring the flexibility and inclusivity of hundreds of blockchain networks cannot be overemphasized. This use case has boosted its demand and early adoption. Snowfall Protocol token (SNW) is still in presale and has grown by more than 3700% since launch.
The token gives holders access to the Snowfall Protocol (SNW) bridging and DeFi ecosystem of boundless earning opportunities. Snowfall Protocol token (SNW) is trading at $0.20 – it is still very much underpriced, making it the right time to invest in the token. Experts believe it may rise by 1000x at launch.
Find out more below…..
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.