Solana (SOL) and 1Inch Network (1INCH) have faced a difficult two weeks. The value of Solana (SOL) has decreased following a fork disruption, while 1Inch Network (1INCH) has faced daily declines. Meanwhile, TMS Network (TMSN) has continued to grow, hitting a new high of $0.025 in the last week.
Solana (SOL) Trading Volume Crashes After Fork Disruption
Solana (SOL) has suffered a 3% decrease in price and over 50% drop in trading volume following a recent forking event, which limited users’ capability to make transactions.
On the 25th of February, a fork in the Solana (SOL) blockchain created several versions of its transaction history. This damaged overall functionality, and Solana (SOL) engineers are yet to identify what caused the issue.
Following the forking event, validators’ RAM usage started to increase. This reduced the number of transactions that could be made from 5000 transactions per second to just 93. Consequently, many users were unable to make transactions. This issue has caused a huge drop in daily trading volume, with daily trading volume decreasing from $892,548,647 to $346,532,018 in just one week.
1Inch Offers Industry Leading Prices
1Inch Network (1INCH) is a decentralized exchange aggregator which scrapes data from other exchanges to offer the lowest prices for its users. 1Inch Network (1INCH) claims that it has over 50 liquidity sources on Ethereum, 20 on the Binance Smart Chain and eight on Polygon. Known decentralized exchanges used by 1Inch Network (1INCH) include Uniswap, 0x, and Balancer, alongside 1Inch Networks’ (1INCH) own liquidity protocol.
By comparing the best prices on other exchanges, 1Inch Network (1INCH) saves investors hundreds of hours of research and ensures that the best possible prices can be secured at all times.
Despite its practical applications, the value of 1Inch Network (1INCH) is down from $0.687 to $0.565 in the past week. This comes following a price hike in mid February, and has created a sense of doubt in investor confidence.
TMS Network (TMSN)
While 1Inch Network (1INCH) focuses on price, TMS Network (TMSN) focuses on the overall investor experience. The all in one decentralized trading platform showcases the widest range of assets of any exchange, combined with industry leading educational tools and security.
When using TMS Network (TMSN), investors have access to a number of tools including social trading, on-chain analysis, AI bots, trading recommendations, and more. Unlike many platforms that leave investors to their own devices, TMS Network (TMSN) is built around community. With social trading, investors can learn trading techniques by studying the market’s best investors.
Additionally, those who hold TMS Network (TMSN) tokens will also enjoy advanced trading tools, passive income with a commission sharing scheme, and the ability to vote on upcoming policy changes. This lets investors deep-dive into the TMS Network (TMSN) community and influence the future of the trading platform.
In addition to its unique features, TMS Network (TMSN) has been successfully audited by InterFi Network, and several security mechanisms are in place to prevent market manipulation and wash trading.
With the potential to revolutionize trading throughout a number of markets, TMS Network (TMSN) is being described as one of the highest potential investments by analysts, having already raised $500k during the first phase of its presale in under 2 weeks.
For more information about TMS Network (TMSN), check out the links below:
Presale
Whitepaper
Website
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
