Ethererum (ETH) which rose back above $2000 on1day

matic x die stake and loop ring 
lrc rally as ethereum gas fees rise   soaring ether um gas costs are driving investors 
and protocols to take a closer look at layer   2 solutions like matic loopering and xdi.the 
start of a new month has brought renewed fervor   from the cryptocurrency market as bitcoins 
btc price steadily climbed from a low of 43   537 on february 28 to a high of 49 200 
during monday's early trading hours   as traders get excited about positive moves 
in the market and look to re-enter positions   the increasing use of decentralized finance 
defy continues to drive fees on the ethereum   network higher shining the spotlight on the top 
layer two protocols that offer working solutions   three protocols that have emerged as top layer two 
contenders with working platforms are polygon x   die and loop ring each offers its own unique layer 
two approaches to helping ease high traffic on the   ethereum network matic ustt polygon previously 
known as matic officially launched as a layer 2   aggregator for ethereum on february 9 as a way to 
offer an interoperability protocol for the network   since excitement for the rebrand began maddox 
price has increased by 400 percent from five   cents to an all-time high of 0.245 on march 
1st growing excitement for the avogady main   net launch on march 2nd has also brought a 
boost of attention and trading volume to mata   kavigachi was one of the first projects 
to bridge over to the polygon network   and it will likely be joined by other projects if 
its main net launch on the network goes smoothly   matic also received a boost on february 26 when 
it was announced that gaming giant atari would   be integrating polygon in order to bring their 
nft and token products to layer 2 along with the   launch of the first eos polygon cross chain bridge 
which was done in partnership with p network   zdei slash usdt x die is another layer 2 solution 
that has caught the attention of investors over   the past few weeks the xti chain is a stable 
payment blockchain created by the poa network   an ethereum open source public side chain 
that offers a framework for smart contracts   the blockchain stake token is designed to be a 
multi-chain staking token that validators and   delegators offer as collateral in order to 
participate in the consensus mechanism and   receive staking incentives for block production 
the goal of the x-tie platform is to offer fast   and inexpensive transactions on the ethereum 
network since trading at a low of 7.50 on january   2nd stake price increased 500 to a new all-time 
high of 43 on february 21st before falling under   pressure alongside the wider cryptocurrency 
market.a scroll through the project's twitter   feed shows multiple recent partnerships and 
integration announcements that have helped propel   sakira in recent weeks notable mentions include 
an integration with the binance smart chain   bsc that allows users to move funds from 
binance to x die using a bayes a to x   dibridge along with the announced migration of 
the up-and-coming bow finance to the x-tie network   lrc usdt loopering is a layer 2 solution 
that specifically focuses on the creation of   decentralized cryptocurrency exchanges dexes one 
of the major sources of congestion on the ethereum   network is the ever-growing activity of popular 
dexes like uni swap and sushi swap a separate   side chain made specifically for exchange trading 
could help alleviate congestion on the network   and this is what loopering aspires to provide 
the overall goal of the loopering protocol is to   combine the advantages of decentralized exchanges 
with the liquidity and order book management   offered by centralized exchanges to help increase 
the efficiency of order execution and enhance the   liquidity of the dex ecosystem since january 2nd 
loop rings lrc token has increased 430 from 0.165   to a high of 88 cents on february 12th after 
falling to a low of 46 cents on february 28 lrc   price rallied 30 after it was announced that the 
loopering exchange added multiple wrapped bitcoin   wbtc stablecoin pairs offering six new ways to 
trade wbtc on ethereum l2 dado from coin telegraph   markets pro began to detect a bullish outlook for 
lrc on february 28 prior to the recent price rise   the vortex score exclusive to coin telegraph is 
an algorithmic comparison of historic and current   market conditions derived from a combination 
of data points including market sentiment   trading volume recent price movements and 
twitter activity dot as seen on the chart above   the vortex score for lrc reached a high of 73 on 
february 28th just as the price was beginning its   30 rally to 59 cents continued increases in the 
price of ether edh which rose back above 1 500   on march 1 will only exacerbate the pain felt by 
traders attempting to use popular defy protocols   on the network.the amount of gas needed to 
conduct basic transactions along with the   price of these fees will continue to drive users 
to trial the alternatives be offered by layer 2

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