While most of the crypto market has been in a downtrend recently, especially Conflux (CFX) and Filecoin (FIL), TMS Network (TMSN) has been the exception to the rule by seeing a more than 1700% increase in its TMSN token during its presale event. And things could get even better for TMS Network (TMSN) over time, as the project is currently only in the second phase of its presale.
TMS Network (TMSN)
While decentralized exchanges (DEXs) have existed for quite a few years at this point, the reality is they’re still missing a lot of the features that traders have become accustomed to on centralized exchanges (CEXs). The good news is TMS Network (TMSN) is working to fix this.
TMS Network (TMSN) offers all of the user-friendly, advanced features that are found on traditional, centralized exchanges because they know people will only be willing to move over to a DEX like TMS Network (TMSN) if the ease of use is at a sufficient level. To this point, two of the key features that will be found on TMS Network (TMSN) are trading bot building and on-chain analytics.
While CEXs are also able to offer many of the features found on TMS Network (TMSN), the key feature that won’t be found on any CEX is the ability to trade in a way that does not put users’ funds in the hands of a third party.
Conflux (CFX)
Conflux (CFX) is a cryptocurrency that aims to provide a scalable and secure platform for decentralized applications. Conflux (CFX) is based on a novel consensus algorithm called Tree-Graph, which combines the advantages of a tree structure and a directed acyclic graph (DAG). Conflux (CFX) claims to achieve high throughput, low latency, and low fees without compromising security or decentralization.
Recently, Conflux (CFX) has been attracting attention from investors and traders due to its impressive performance and partnerships. According to some sources, Conflux (CFX) can reach a new all-time high level this year and can surpass $1.50 by 2025. Conflux (CFX) has also partnered with several prominent projects in the crypto space, such as Uniswap, Curve, The Sandbox, and Polkadot.
Filecoin (FIL)
The first quarter of 2023 was a remarkable period for Filecoin (FIL), the decentralized storage network that aims to create a global marketplace for data. Filecoin (FIL) witnessed significant growth in various metrics, such as protocol revenue, storage utilization, active deals and smart contract activity.
According to a report by Messari, a blockchain analytics firm, Filecoin (FIL) generated $6.9 million in protocol revenue in Q1 2023, which represents a 21% increase in USD terms and a 5% increase in FIL terms compared to Q4 2022. Protocol revenue is the sum of all the fees collected on the network, including base fees, batch fees, overestimation fees and penalty fees.
Another major milestone for Filecoin (FIL) was the launch of Filecoin (FIL) Virtual Machine (FVM) in March 2023, which enabled the development and deployment of smart contracts on the network, similar to Ethereum. The FVM launch boosted the trading activity on Filecoin (FIL), as more than 440 unique contracts were deployed and nearly 44,000 transactions were executed by the end of March.
Final Thought
Creating a new platform for the development of decentralized applications, as Conflux (CFX) and Filecoin (FIL) are attempting to do, may be a losing battle going forward as Ethereum (ETH) already has a massive head start in this area. The team behind TMS Network (TMSN) knows this, which is why they’ve hitched their project to the Ethereum (ETH) bandwagon.
To learn more about the TMS Network (TMSN) presale, click on the links below:
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
