Optimism Price Rises As Coinbase Launches L2 Network Using OP Technology; Polygon and Solana developers clash over ZK-powered L2s; TMS Network’s new platform challenges the biggest problems in crypto
Digital assets are seeing the end of the crypto winter and a return of the more prosperous times, according to recent developments and statistics. Recovery is still slow, but it is starting to happen. Meanwhile, development continues, with developers of advanced projects arguing over the best way to proceed. Meanwhile, new platforms are emerging with cutting-edge solutions that can significantly improve investors’ and traders’ experience.
Coinbase L2 Network Launch Sends Optimism Price Up
Recently, the largest regulated US crypto exchange, Coinbase, announced that it will soon launch its own layer-two network for Ethereum, and that it intends to use Optimism-based technology to do so. In response, the OP price increased by 11% in 24 hours, contributing to the project’s recovering price.
Over the past 30 days, OP has already seen a significant price improvement, which now makes it 31.68% higher than a month ago. At the time of writing, the Optimism price is at $2.94 after seeing a small correction. However, before the Optimism price fell, OP managed to reach $3.21 on Friday 24. February.
Polygon and Solana developers disagree about ZK powered L2s
Meanwhile, the developers of two major projects – Polygon (MATIC) and Solana (SOL) are at odds over the use of ZK-powered L2s. Core developer of Polygon zkEVM, Jordi Baylina, and co-founder of Solana, Anatoly Yakovenko, recently entered into a discussion on the matter on Twitter.
Yakovenko said that provers—elements of L2 systems responsible for the validity of transactions sent to the mainnet—cannot keep up with the underlying chain. As a result, Solana took a different path to solve the scaling problem, which is the only one that is actually productive, according to the project. Meanwhile, Polygon’s Baylina disagreed with this, stating that the data aggregation process between L1 and L2 can be changed and organized into parallel evidence trees. The system is flexible and there are no design bottlenecks, at least when it comes to zkEVM by Polygon.
Polygon itself has struggled recently, seeing a 16% month-over-month drop. The MATIC price is also down by 2.47% weekly, and 0.87% in the last 24 hours.
TMS Network’s platform sets out to solve the biggest problems in crypto
Crypto investors are constantly looking for new opportunities, and after a year-long crypto winter, this is now more important than ever. Fortunately, there are good opportunities if you know where to look. An example is the recently launched platform known as TMS network. This is a decentralized trading platform that allows users to trade all derivatives via crypto payments.
More than that, TMS network allows users to connect their wallet to the platform and execute orders without giving up their possessions, even if they don’t have an account. It is completely transparent and decentralizedand it lets you shop across all of them major exchanges. As a result, you never need to open an account again. But what the TMS Network (TMSN) really wants to achieve is to solve the problems in the crypto industry, such as offering access to more asset classes, solving the lack of transparency issues, offering risk management toolexpand the possibilities for social commerceand more.
The reason it is a possibility right now is the fact that the platform is currently in the pre-sale stage of the token sale. The TMS Network (TMSN) token is available for $0.047 per unit, and the team hopes to hit a soft cap on 3 million dollars or a hard cap off 12 million dollars. However, given the TMS network’s platform quality, innovative technology and other advantages, it is very likely that the price of the token will shoot in the air very quickly. That being said, invest nowwhen TMS Network (TMSN) tokens are still offered on a low priceand at the end of the bear market, seems like a great opportunity.
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