The year 2023 has been a watershed moment in the crypto with several new breakthroughs and advances taking place. Not all projects, however, have been able to keep up with the rate of change and market needs. In this article, we will examine how Polkadot (DOT) and Optimism (OP) have lost market share while TMS Network (TMSN) has established itself as the leading DeFi token in 2023.
TMS Network (TMSN) is a decentralized trading platform focusing exclusively on crypto payments. TMS Network (TMSN) allows users to trade various assets, such as equities, cryptocurrencies, and commodities, without dealing with fiat currencies or intermediaries. TMS Network (TMSN) also offers strong security features, such as multi-signature wallets and smart contracts, to protect users' funds and data.
TMS Network (TMSN) also has a native token, TMSN that gives holders several benefits and incentives. For instance, TMSN holders can earn commissions based on the trading volume across the platform. TMSN holders can also participate in governance decisions and access exclusive features and services.
The $TMSN token is currently trading in presale. The presale campaign is in the third stage and has raised over $6 million. The TMS Network (TMSN) token has also soared by over 3000% and is currently trading at $0.097. This price is expected to continue higher especially with TMS Network's (TMSN) upcoming listing on Uniswap. Market analysts predict up to 100x returns by the end of the year. With this impressive performance, we believe TMS Network (TMSN) is a crucial buy in 2023.
Polkadot (DOT) is a platform that aims to connect different blockchains and enable interoperability, scalability, and security. Polkadot (DOT) has a unique design that consists of a main relay chain and multiple parachains that can host various applications and services. Polkadot (DOT) also has a native token, DOT, used for governance, staking, and paying fees.
Polkadot (DOT) was one of the most hyped projects in 2021 when it launched its mainnet and saw its token price soar to over $48. Since then, Polkadot (DOT) has faced several challenges and setbacks that have slowed its progress and adoption. Polkadot (DOT) has also faced competition from other platforms that offer similar or better solutions, such as Cosmos, Avalanche, and Solana.
Polkadot (DOT) has suffered as a result, losing investors' and developers' favor and market share. Polkadot (DOT) is currently ranked 11th by market capitalization on CoinMarketCap. It is worth about $6.5 billion. From its peak of more than $40 billion in May 2021, this represents a considerable decline. Additionally, since then, Polkadot's (DOT) trading volume has decreased by more than 80%.
Optimism (OP) is a layer-2 scaling solution that aims to improve the performance and usability of Ethereum. Optimism (OP) uses optimistic rollups, which allow transactions to be executed on a sidechain and then verified on the main chain later. This reduces congestion and fees on Ethereum while preserving its security and compatibility.
Optimism (OP) was one of the most anticipated projects in 2022 when it launched its mainnet beta and attracted several prominent partners. However, since then, Optimism (OP) has faced several challenges and limitations that have hindered its adoption and growth. For instance, Optimism (OP) has a long withdrawal period of seven days. This makes it inconvenient for users who want to access their funds quickly. Optimism (OP) also has a limited number of supported projects and applications, reducing its network effects and utility.
Optimism (OP) has struggled to acquire traction among consumers and developers. Optimism (OP) is ranked 72nd by total market capitalization, with a value of roughly $557 million, according to CoinGecko. This is an increase from its initial launch price of roughly $10 in March 2022. Optimism (OP)'s daily trading volume fluctuated between $100 million and $150 million.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.