Every industry has transformed with innovations. For example, Netflix took over the DVD industry because some problems existed with the existing players. The same is happening with the streaming industry. Streamers say that they get banned for free speech, and with the solution and innovation, a decentralized streaming platform, DeeStream, is attracting both streamers and users.
With analysts’ expectations of over 10,000%, DeeStream’s presale is attracting investors from Ethereum amid the market dip. In this article, we will discuss recent news of Ethereum and Solana and how DeeStream is going to change the streaming world.
Peter Brandt criticizes Ethereum as a junk coin due to high fees
Even though Peter Brandt is known for supporting cryptocurrencies and is a long follower of the crypto market, it seems he doesn’t like Ethereum. In his recent post, he referred to Ethereum as a “junk coin” despite the strong support it receives from its followers.
Throughout this discussion on X, Peter Brandt decided to focus on Ethereum’s shortcomings, he pointed out that dealing with Ethereum’s Layer 2 solutions is still challenging due to their high fees. Peter Brandt criticized Ethereum before, back in December 2023, when he publicly stated that he was betting against Ethereum because he thought it was going to crash. He concluded by stating that investors will continue to be drawn to acquire the asset despite its apparent drawbacks.
Three-quarters of transactions on the Solana network failed
Since March 2024, there has been a notable increase in failed transactions on the Solana (SOL) blockchain. Data from Dune Analytics reveals that nearly three-quarters of transactions on the Solana chain have encountered failures, which are primarily attributed to bots. This surge in failed transactions indicates a rise in “spam” activity on the Solana blockchain, coinciding with an overall increase in its usage.
It doesn’t mean that all Solana users may encounter transaction failures, but they still impact the chain’s performance and cause frequent outages. Recently, the volume of decentralized exchange (DEX) transactions on Solana has increased after a decline in March. This surge in DEX activity, coupled with the popularity of meme coins on the Solana network, is believed to be contributing to spam and unsuccessful transactions on the platform.
Revolution in the streaming industry with DeeStream’s decentralized platform
Peter Brandt’s outrageous post in Ethereum and Solana transaction failures has moved its investors toward the DeeStream stage 2 presale which is currently priced at $0.055. The expectation of revolutionizing the streaming industry and the 10,000% prediction from experts have increased investors’ confidence.
DeeStream is leading the way as the premier Web3 platform, pioneering a fully decentralized streaming system that links content creators with fans globally. With this groundbreaking approach, DeeStream holds a significant edge in an expanding market. Streamers can enjoy instant deposits and withdrawals, ensuring seamless transactions.
Visit the website to find out more about the presale.