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Ethereum L2s Arbitrum and Optimism face criticism and price drops, while DTX Exchange’s layer-1 blockchain excels in presale.
Ethereum layer-2 networks are under critical scrutiny, being called parasitic to the network due to their fee concerns and increasing centralization. Justin Bons has been a leading critic of these L2 networks, even accusing them of stealing funds and interfering in the blockchain operations, leading to violation of decentralisation schemas.
Arbitrum (ARB) and Optimism (OP) could not have their collars clean due to the critical environment surrounding them in the crypto sector. Their prices have been underperforming lately due to lowering whale action. As the demand for Arbitrum and Optimism declined, DTX Exchange rockets up with its hybrid layer-1 blockchain debut and a record-breaking presale performance.
Arbitrum price hammered with 9.2% monthly drop
Arbitrum is witnessing a falling trend with a 9.2% drop in the last 30 days. Though the network has recently announced its collaboration with Paxos to increase its scalability and blockchain adoption with more liquidity, Arbitrum is still under analysts’ scrutiny over its processes and on-chain schemas.
The price analysis of Arbitrum on the 1-day chart paints a bearish picture for it till the FOMC meeting flips the broader crypto conditions to something favourable. Arbitrum is moving to retest the $0.5 support level as the bear run is fueling big stakeholders’ speculation about its price prospects in the remaining 2024.
Optimism whales lose steam as L2 criticism soars
Optimism is a top competitor among Ethereum-based layer-2 solutions with a promising rally last week. The token pushed hard to secure a spot above the $1.60 support but the rising bearish pressures following L2 criticism by leading voices pulled its price to the immediate support at $1.55 with a 1.4% intraday drop.
However, the new partnership of Optimism with Succinct Labs to innovate the ZK rollups to increase execution speeds and lower transaction costs is expected to act as a catalyst for its rally. While the bear run continues with a 5% drop in its trading volume, the future of Optimism seems bright once the dust around L2 networks settles.
DeFi titan DTX exchange dominates with new L1 blockchain
DTX Exchange storms up with a unique tradFi platform, aiming to change conventional trading ways through advanced AI tools, hybrid model, and automation strategies. The platform has grabbed global traction for its 1000x leverage feature and hybrid L1 blockchain able to process 10,000 TPS.
The best features of the platform’s hybrid nature are its decentralised security protocols powered by its blockchain, letting users engage in secure trading with high speed and low cost. DTX Exchange offers non-custodial wallets and KYC-free onboarding so users can efficiently migrate their assets to anywhere they want by enjoying complete access.
With over $2.58 million raised in stage 3 of the public presale, the DTX Exchange is set to lead with its unique features and in-demand security protocols. The DTX token has reached 16,500 new users and possibly holds a competitive edge with its price at $0.06. The tokens are anticipated to surge beyond $1 post-presale, promising early buyers potential returns of up to 25x upon listing.
Conclusion
As the debate around Ethereum layer-2 networks heats up, Arbitrum and Optimism feel community pressure despite their promising developments. The L1 networks are under high demand and the spotlight shifts to DTX Exchange with its first-ever hybrid blockchain debut. With Soaring global demand, the platform holds the potential to become a formidable force in the tradFi space with substantial returns for early investors.
For more information, visit the DTX Exchange presale website or join the online community.
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