Solana (SOL) Witnesses High Blockchain Activity, Polygon (MATIC) to Experience a Hard Fork, Snowfall Protocol (SNW) Becomes the Talk of the Crypto Town

While Solana (SOL) has rapidly started to recover and experienced a surge in activity, and Polygon (MATIC) will undergo a hard fork on 17th January, Snowfall Protocol (SNW) also continues to make waves and wins the heart and money of investors. Keep reading below to learn more.

Solana (SOL) starting to recover its price

The Solana (SOL) protocol is intended to make it easier to create decentralized applications (dApps). By adding a proof-of-history (PoH) consensus along with the blockchain’s core proof-of-stake (PoS), Solana (SOL) seeks to increase scalability. While the FTX collapse had a devastating effect on much of the crypto world and Solana (SOL) was no exception, the token is starting to recover rapidly. On Thursday, Citi Research revealed a report, which discussed about an estimated 50 million Solana (SOL) tokens that are reportedly trapped in the Chapter 11 proceedings of the cryptocurrency exchange, FTX. However, activity on the Solana (SOL) blockchain continues to be at a high level. This could be due to the newest meme token launch, BONK, on Solana (SOL). While this is good news, there are still lots of reparations pending for Solana (SOL), as a large chunk of its NFT collection left the platform last month. Solana (SOL) is currently trading for $22.29, an appreciation of over 33% in the past 24 hours.

Polygon (MATIC) to introduce major changes

Polygon (MATIC) is the first easy-to-use ecosystem of Ethereum-compatible blockchains. The main objectives of Polygon (MATIC) are to improve blockchain transactions and simplify scaling. Polygon (MATIC) has recently announced a hard fork for its ecosystem that will tackle major ongoing problems of the network. If approved, this upgrade of Polygon (MATIC) will take place on 17th January 2023. Much to the relief of the user population, the fork specifically aims to address transaction price increases and network restructuring difficulties. According to Coindesk’s report, the “sprint length” of Polygon (MATIC) will be decreased from 64 to 16 blocks, allowing a block producer to generate blocks for a considerably shorter amount of time, from 128 seconds to 32 seconds. Polygon (MATIC) is currently sailing at a price of $0.98 and has appreciated by 8.47% compared to a day earlier. Polygon (MATIC) is currently in a bullish phase, as its price has increased from 0.75 to nearly $1, since the new year.

Snowfall Protocol (SNW) price surged to $0.182

While Solana (SOL) and Polygon (MATIC) have witnessed major developments in their ecosystems, Snowfall Protocol (SNW) hasn’t remained behind as it continues to make a name for itself. The innovative elements of Snowfall Protocol (SNW) are among the main reasons for its immense popularity and success. The innovative interoperability architecture of Snowfall Protocol (SNW) avoids clients from having to pay exorbitant fees for the transfer of funds through third-party mediators. Snowfall Protocol (SNW) eliminates incompatibilities when moving digital assets from one blockchain to another. With the help of Snowfall Protocol (SNW), users may take part in, and profit from, any blockchain project of their choosing. Snowfall Protocol’s (SNW) price has experienced a surge again, and it is currently available for $0.182, enticing both investors and traders. The final round of Snowfall Protocol (SNW) presale is now underway, and the project has been a rare bright light in what has been a largely depressing year for cryptocurrencies. This is a fantastic chance for investors since Snowfall Protocol (SNW) is projected to rise by more than 5000% during the following few days and reach new heights.





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