Snowfall Protocol (SNW) Set to Take Off on Feb 3, 2023, as Tezos (XTZ) Approaches The ‘Mumbai Upgrade’ and Cosmos (ATOM) Hub reaps the benefits of Terra’s new update
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In the world of blockchain and cryptocurrency, there are always new developments and updates happening. Recently, several projects have made significant announcements that could have an impact on the industry. In this article, we will take a closer look at three projects in particular: Tezos (XTZ), Cosmos (ATOM), and Snowfall Protocol (SNW). We will examine the potential advantages and disadvantages of each project, with a focus on Snowfall Protocol (SNW), and its upcoming DEX launch on February 3, 2023.
Tezos (XTZ) set to roll out ‘Mumbai upgrade’ with new features and shorter block time, but risks remain
Tezos (XTZ) is set to undergo a significant upgrade, called ‘Mumbai Upgrade.’ This update will introduce a host of new features on the Tezos (XTZ) network, such as the ability to transfer tickets between accounts and a much shorter block time of 15 seconds. While these new features could be beneficial for Tezos (XTZ), it’s important to keep in mind the risks that come with upgrading a complex system like a blockchain network. Upgrades can be unpredictable, and sometimes lead to unexpected issues. Additionally, the ‘Mumbai Upgrade’ is still in the implementation phase, and it is unclear when it will be fully rolled out. Furthermore, the goal of achieving one million transactions per second is ambitious. Despite these uncertainties, the Tezos (XTZ) community is excited about the potential of the ‘Mumbai Upgrade,’ to take the network to new heights. The Tezos (XTZ) community will have to wait and see if the upgrade will bring the expected results. All things considered, the Tezos (XTZ) network is preparing for a major upgrade, and the community is eagerly waiting for the same.
Cosmos (ATOM) set to benefit from Terra’s Mars Protocol launch, but revenue decline and staker loss raise concerns
Cosmos (ATOM) is set to benefit from the launch of Terra’s Mars Protocol on its network. This could bring in a new lending protocol to the network, and increase Cosmos’ (ATOM) presence in the DeFi space. However, despite the increasing Total Value Locked (TVL) on the Cosmos (ATOM) Hub, the revenue generated by the platform has declined steadily. Based on data from Token Terminal, it was observed that the revenue generated by the Cosmos (ATOM) Hub declined by 11.6% in the last 30 days. This decline in revenue could be a cause of concern for the Cosmos (ATOM) network, as there may be a lack of interest in it, which could affect its overall sustainability. Additionally, stakers also lost faith in the Cosmos (ATOM) network, as the number has decreased by 78.82%, as per Staking Rewards.
Snowfall Protocol (SNW) set to make a splash with DEX launch and revolutionary NFT cross-bridging platform on February 3, 2023
In contrast to Tezos (XTZ) and Cosmos (ATOM), Snowfall Protocol (SNW) is set to take off on DEX, with its launch on February 3, 2023. The dApp feature of Snowfall Protocol (SNW)enables a simple and secure transfer of fungible and non-fungible assets across more than 200 EVM and non-EVM compatible chains. This unique utility places Snowfall Protocol (SNW) at the heart of the blockchain environment, allowing it to be used across crypto industries, from DeFi to GameFi. Snowfall Protocol (SNW) is the world’s first and most efficient NFT cross-bridging platform. The team has also teased another major announcement, one week before Snowfall Protocol (SNW) goes live, which has set the community abuzz with excitement. Overall, Snowfall Protocol (SNW) has a lot of potential and could be a game-changer in the industry.
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