Layer-two networks have caused a greater widespread adoption of blockchain technology. Over the past few weeks, layer two networks have seen a notable rise in activity, with Optimism (OP) climbing 31% in value and metaverse projects migrating to Polygon (MATIC). Still, these protocols lack interoperability.
Fortunately, Snowfall Protocol (SNW) is aiming to connect both protocols and more than 200 other protocols and boost their interoperability. As a result, the project has seen huge demand as investors continue to pile in. Read on to learn more about Snowfall Protocol (SNW) and how it can benefit networks like Polygon (MATIC) and Optimism (OP).
Optimism (OP) Climbs by 32% Amid Increase Usage of Layer-Two Networks
Layer two solutions have seen an unusual surge in usage over the past few days, and the focus has been on Optimism (OP). The Optimism token (OP) has risen past 30% in the past few days amid the need for improved scalability, low-fee and light-speed transactions. In fact, it is one of the top-performing assets after Snowfall Protocol (SNW) and metaverse tokens.
Since its mainnet launch in 2021, Optimism (OP) has become one of the most preferred layer-two solutions. It has a whopping $650 million TVL, over 2.6 million unique addresses, and more than 70,000 Daily Active Users. Following the surge, Optimism (OP) clinched an all-time high price of $2.5 but has retraced by 13% to $2.17.
Metaverse Crypto Project Migrates to Polygon (MATIC) Network
A metaverse crypto project, OrbCity, has skyrocketed in price after moving to Ethereum’s layer-two network, Polygon (MATIC). OrbCity is a decentralized virtual world with real-world major cities like Zurich, Bangkok, Cape Town, etc. The platform’s migration to Polygon (MATIC) is coming months after moving its native token to the layer two networks.
The migration to Polygon (MATIC) aimed to provide OrbCity users scalable environment where creators can enjoy fast transactions at a meager fee. Subsequently, the OrbCity token gained more than 100% and is now trading at $0.176. So far this year, OrbCity has gained more than 300%.
Snowfall Protocol (SNW) Offers 100% Bonus as Investors Pile In
Snowfall Protocol (SNW) is a token swap ecosystem that provides cross-chain bridging solutions for fungible and nonfungible tokens. In other words, you will be able to securely transfer your funds from one blockchain network to another. The unique part is that it provides equal support for NFTs and crypto assets.
Over the years, lack of interoperability and low chain-to-chain compatibility has made it almost impossible for developers to leverage the potential of different blockchain networks at the same time. However, with Snowfall Protocol’s (SNW) asset transfer ecosystem, anyone can use over 200 EVM-compatible and non-EVM blockchains, including layer-ones, layer-twos, sidechains, and special and private networks.
Snowfall Protocol (SNW) doubles as a vibrant DeFi ecosystem with high APY staking and yield farming opportunities. Therefore, users can earn additional revenue from using and supporting the project – another reason investors are so interested in the project.
Snowfall Protocol token (SNW) provides access to all of the platform’s perks. The token is currently in presale and has risen by more than 3700% since launch. Experts are looking at a 1000x rise post-launch as demand grows astronomically for Snowfall Protocol tokens (SNW). Currently, Snowfall Protocol’s price is $0.191, and the protocol is offering a 100% bonus to investors. So sign up and be a part of this golden opportunity.
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