- Africa is home to 60% of the world’s youth population
- Middle class is expected to grow from 355 million to 1.1 billion by 2050
- Africa is the second biggest crypto market in the world
- 200 million people are expected to move to African cities over the next 5 years
With March beginning with plenty of news and excitement, let’s take a look at the weekly performances from Optimism (OP), Cronos (CRO), and the African sensation DPA Token (DPAT), the protocol opening up African investments to the global crypto community.
Optimism Quests cause a decrease in transaction volume for Optimism (OP)
Built on top of Ethereum (ETH), Optimism (OP) is currently one of the leading layer-2 blockchains in the crypto market. By using optimistic rollups, Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem. That is, users, record their transactions with trust on Optimism, but their data is ultimately secured by Ethereum technology.
After experiencing a significant increase in daily transactions on the layer-2 network, Optimism has experienced a 70% decrease in daily transaction count since the conclusion of its Optimism Quests programme.
Optimism released a series of 18 tasks called “Optimism Quests” in September 2022, with a deadline of January 17th, 2023. These quests guided users through various network features such as swapping, lending, staking, etc. The quests aimed to improve the user experience in the ecosystem.
Optimism (OP) observed a surge in user counts as the daily transaction count on the network significantly increased following the program’s start in September 2022.
Data from Dune Analytics shows that just a few days before the program’s closure, on January 12th, daily transactions on the layer-2 network peaked at 760,000. Since the network’s inception two years ago, this has been the highest daily transaction total.
How has Cronos (CRO) performed since its upgrade?
Based on the Cosmos SDK technology, Cronos is a layer-1 blockchain network that is interoperable with Ethereum. By allowing developers to instantly port dApps and assets from other layer-1 blockchain networks such as Ethereum, Solana, BNB Chain, and Terra, the network was designed to scale the decentralized finance (DeFi) sector and user base of decentralized applications (dApps).
Cronos Chain now has an official v1.0 version number following the completion of the Galileo mainnet upgrade earlier this year.
The Cronos v1.0 upgrade aims to boost the network’s performance in terms of quickness, effectiveness, dependability, and interoperability.
However, since the v1.0 launch to date, the price of Cronos (CRO) has experienced major volatility.
DPA Token (DPAT)
Direct Property Africa Token (DPAT) is a game-changer for international investors and local African developers and infrastructure builders. The custom DPAT marketplace lists real estate and infrastructure projects from across the continent in places like Accra in Ghana and Cape Town in South Africa and using distributed ledger technology and asset backed tokens, anyone from anywhere around the world can invest in African projects safely and transparently from as little as $5.
The marketplace will offer developers and infrastructure builders clear and cost-effective alternative financing options to pursue innovative projects that solve critical issues. Investors also gain access to new emerging markets previously denied to them at fractions of the cost.
The DPAT smart contract audit was successfully completed by SolidProof, and the group also finished their KYC process with Coinsult. DPAT token holders can expect major rewards and incentives including deposit bonuses, discounts on transaction fees, governance membership, VIP African safari and city trips.
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According to blockchain experts and cryptocurrency enthusiasts, DPAT will increase by 3,000% during and after the presale. Anybody hoping to capitalize on Africa’s undeniable economic potential in a low-risk way might be wise to take a closer look at DPA Token.
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