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DTX Exchange (DTX) has broken all the records by raising over $1.5 million in just under two months. Last week, the highest inflow from the Ethereum (ETH) and Litecoin (LTC) whales was recorded, raising over $100k in a day. This massive move came after the higher volatility in the market and sluggish price behavior by Ethereum (ETH) and Litecoin (LTC).
Sony is stepping into the blockchain world by building its Ethereum (ETH) layer-2 network called "Soneium." This new network will be developed using roll-up technology on the OP Stack, a collaboration between Sony Group and Startale through Sony Block Solutions Labs as a public Ethereum (ETH) layer-2 blockchain.
Soneium will leverage optimistic roll-up technology from the Optimism ecosystem to make transactions on Ethereum (ETH)—based networks more affordable. The platform is set to launch on a test network soon. Sony’s move into blockchain with Soneium could signal renewed interest from big companies in blockchain technology and collaborations with Ethereum (ETH) and its potential for consumer use.
In a recent post on X, Jay Milla, a director at the Litecoin Foundation, highlighted the significant growth in Litecoin (LTC) on-chain activity. The key metric is “transaction volume,” which measures the total amount of Litecoin (LTC) transferred.
Data reveals that transaction volume surged from 196.55 million Litecoin (LTC) in August 2023 to 412.37 million LTC this month, reflecting increased user participation and transactions on the platform. Litecoin (LTC) on-chain volume skyrocketed to $26.5 billion in the past week, transferring more than five times the asset’s current market capitalization. The network moved over 412 million Litecoin (LTC) during this period, demonstrating a steady rise in activity.
While Ethereum (ETH) and Litecoin (LTC) try to maintain their support levels, DTX Exchange (DTX) makes a powerful entrance to the crypto market. Their network's token distribution method is designed to support a diverse yet active community through fixed total supply and strategic allocation to diverse initiatives.
The hybrid liquidity model of DTX Exchange is a cutting-edge system that allows for the reduction of slippage, thus offering investors greater latitude and authority over their trades. Furthermore, it brings a new concept of 1000x leverage suitable for experienced traders who want to make more money without going through KYC verification.
It’s amazing that even the current presale of DTX draws large amounts of investors. The presale has already brought in more than $1.5 million during the second round. As the altcoin issue affects crypto enthusiasts, many are shifting to DTX. The ERC-20 token, capped at 475 million, appeals to investors who prefer scarcity over other tokens.
DTX Exchange is not just a token. It is the initializing platform that is transforming the trading experience. The cash raised through the sales of tokens will be re-injected into the platform to add new features, improve security, and enhance user experience.
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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.
