More Developers Adopt Solana (SOL) And Polygon’s (MATIC) ZK-EVM Testnet Results Positive, While Snowfall Protocol To Launch In February
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2023 has been favorable towards several crypto projects. Long-standing cryptocurrencies, like Solana (SOL) and Polygon (MATIC), have managed to grow with new developments in their project. Meanwhile, Snowfall Protocol (SNW), a new entrant to the market, has astounded analysts with its presale growth rate of 3700%. The presale round of Snowfall Protocol (SNW) is set to end on February 3, 2023. In this article, we will dive deeper into the recent developments of Snowfall Protocol (SNW), Solana (SOL), and Polygon (MATIC).
Solana (SOL) Sees Record Increase in Developers
A recent report by Electric Capital, a FinTech-focussed venture capital firm, has suggested that the number of developers on Solana (SOL) network has increased manifold. The report shows that the number on Solana (SOL) has grown by 83%, surpassing all blockchain networks. Thus, investors are pumped up, especially those who were considering Solana (SOL) for investment after the record rise in the past month. In the last 30 days, the price of Solana (SOL) has more than doubled. Solana (SOL) has increased by 3% on the daily price chart. Currently, Solana (SOL) is being traded at $24.31.
Polygon’s (MATIC) ZK-EVM Testnet Works Well
The initial result of Polygon’s (MATIC) ZK-EVM testnet has been quite optimistic for investors. The roll-up of Polygon’s (MATIC) ZK-EVM aims to increase the speed at which layer-2 blockchain platforms can complete transactions while validating them with zero-knowledge technology. Buoyed by the initial performance of Polygon’s (MATIC) ZK-EVM, many investors have been attracted in the last few days. Therefore, the price of Polygon (MATIC) has increased by 43% in the past 30 days. On the daily price chart, Polygon (MATIC) has shown a positive trend. Currently, Polygon (MATIC) is being traded at $1.12, which is 61.55% below its all-time high of $2.92.
Snowfall Protocol (SNW) Grows 3700% During Presale
To remove all hurdles between different blockchain networks, Snowfall Protocol (SNW) has entered the crypto market with a massive market viability. The business roadmap of Snowfall Protocol (SNW) is convincing, which has resulted in a growth of 3700%, during its presale round, which is currently in its last stage. The project has raised more than $5 million till now.
Snowfall Protocol (SNW) has the primary goal of facilitating cross-chain communication between various blockchain networks. Snowfall Protocol (SNW) has been designed to enable cross-chain transfers of fungible and non-fungible tokens. Snowfall Protocol (SNW) utilizes a canonical token bridge to help the chain swaps of fungible tokens. On the other hand, it brings in a wrapping and swap protocol for chain swaps of non-fungible tokens. Snowfall Protocol (SNW) also ensures that the transactions being completed on the platform are accurate. The platform increases cross-chain connectivity between different networks, along with enhancing security. Snowfall Protocol (SNW) allows users to swap assets between the most widely used EVM and non-EVM blockchains.
The most notable characteristic of Snowfall Protocol (SNW) is its use cases, which cater to several segments of the crypto world, including Defi, infrastructure cryptocurrencies, stablecoins, and NFTs. Thus, Snowfall Protocol (SNW) has been built to serve the entire cryptocurrency industry.
The final stage of Snowfall Protocol’s (SNW) presale round is about to end on a high note. Snowfall Protocol (SNW) has registered a massive growth rate of 3700% during its presale round, which will culminate on February 3, 2023. Consequently, the current trading price of Snowfall Protocol (SNW) has touched $0.20. Snowfall Protocol (SNW) will be launched on February 3, 2023, at a price of $0.22.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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