• This article looks at the weekly performances of Optimism (OP), Cronos (CRO) and DPA Token (DPAT) in the cryptocurrency market.
• Optimism experienced a decrease in daily transactions following the conclusion of its Optimism Quests program.
• Meanwhile, Cronos has released v1.0 of their mainnet upgrade to improve performance, scalability and interoperability with Ethereum.
Overview
This article focuses on the week’s performances from three popular cryptocurrencies: Optimism (OP), Cronos (CRO) and DPA Token (DPAT). These cryptos provide an insight into how different blockchains are fairing in terms of user engagement, technology advancements and investment opportunities across Africa.
Optimism (OP)
Built on top of Ethereum, Optimism is one of the leading layer-2 blockchains in the crypto market. In September 2022, it launched a series of ‚Optimism Quests‘ which saw users learning about various features such as swapping, lending and staking on the network. After these tasks ended in January 2023, there was a 70% decrease in daily transaction count compared to peak levels prior to this period – which had been 760,000 transactions per day.
Cronos (CRO)
Cronos is based on Cosmos SDK technology and aims to scale up DeFi investments by being interoperable with other layer-1 blockchain networks such as Ethereum, Solana, BNB Chain and Terra. It recently upgraded its mainnet version number to v1.0 with improvements such as increased speed and reliability for developers porting dApps to it from other networks.
DPA Token (DPAT)
The African sensation DPA Token is gaining international attention due to its protocol opening up African investments to the global crypto community. By connecting local communities with investors around the world through digital assets, DPAT provides opportunities for both individuals and businesses within Africa looking for investments or connections outside their native countries.
Conclusion
March has seen plenty of news circulating around these three popular cryptos – Optimism’s decrease in daily transactions following quests; Crono’s mainnet upgrade; as well as African sensation DPAT providing new opportunities for African investments globally – all hinting towards potential success stories if improvements continue over time.