Ethereum'un$ETH
founder Vitalik Buterin praised the newly expanded Celo network (CELO) in a post yesterday. Buterin described Celo as an example of decentralized financial services with low transaction costs. This statement led to a significant increase in the price of the CELO coin.
Buterin emphasized that Celo is a model that offers decentralized finance with low transaction costs. As of the time of writing, the CELO coin price has jumped by 25% and has increased by nearly 50% on a weekly basis.
This post comes as Buterin is announcing his plans for Layer 2 chains. The Ethereum founder stated that he will only support chains that are sufficiently decentralized starting in 2025, and that Celo aligns with Ethereum’s goals of decentralization and accessibility.
Another element that caught Vitalik Buterin’s attention was that the Celo network recently surpassed TRON in terms of daily active addresses in terms of stablecoin usage. The Celo network is also planning to migrate to Ethereum’s Layer 2 network. This growth in stablecoin usage increases the possibility of further integration of the network with the Ethereum ecosystem. Therefore, there is a great interest in Pepe Unchained tokens, which are a Layer 2 project. Buterin’s statements also reinforce the assumptions that he could be a major investor in this promising project.
Pepe Unchained Sale On Track To Be One Of The Best Of 2024
Early last year, PEPE$PEPE
After making huge gains, frog-themed meme coins are gaining popularity again in the last quarter of 2024. A new crypto project, Pepe Unchained (PEPU), is being met with great interest. Over $15.2 million worth of tokens were purchased during the pre-sale event, increasing the interest of whales.
The success of PEPU is due to Pepe Chain becoming the world’s first token with its own network. This new blockchain was designed specifically to solve the problems that the original Pepe Coin had with Ethereum. Pepe Chain’s Layer 2 structure significantly reduces network congestion and allows for near-instant bridging between the two networks. Investors have voiced concerns about Ethereum’s slow performance and high transaction fees, issues that have been a major hurdle, especially during bear market periods.
Pepe Unchained not only reduces transaction fees but also increases transaction speed. The team behind the project states that Pepe Unchained is 100 times faster than Ethereum, making the project more attractive to investors.
Developers Can Now Create Their Own Projects on “Pepe Chain”
Pepe Unchained, in addition to having its own chain, is constantly innovating. With an update on the project’s website, a new development grant program called “Pepe Frens With Benefits” has been introduced. This program is designed to encourage community members to develop applications on the innovative Layer 2 blockchain.
This feature allows third-party developers to build their own projects and applications directly on the Pepe Chain network. By opening up to external developers, Pepe Unchained expands its ecosystem and provides opportunities for innovation and growth.
Developers can propose decentralized applications (dApps), tokens or blockchain solutions that will increase the value and utility of Pepe Chain. However, they must first submit their projects to the "Pepe Council". Once they are reviewed and approved, they can bring their ideas to life. Grant applications are expected to open in the 4th quarter of 2024.
Analysts predict that PEPU will benefit from the meme coin trend.
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