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U.S. equities barely moved while the broader cryptocurrency market whipsawed following SEC bringing charges against Binance and CZ. Bitcoin and Ethereum have dropped below key resistance levels. The top gainer for today is TOMI, which gained more than 40.3% in the past week, as of the time of writing, as the concept of alternative internet gain tractions.
TOMI is the native token for tomi, a DAO that aims to build an alternative internet with crypto technology. Since its successful launches on Bybit and other CEXes in recent months, TOMI has drawn interest from crypto investors, leading to an outperformance in token price. Furthermore, the launch of tomi Privacy Layer (TPL), an encrypted Layer 2 protocol, that enables users to transact on Ethereum privately, utilizes ZK-Rollups to address the privacy concerns of some crypto investors.
tomi, as a DAO, has a spectrum of products, including alternative browsers, domain naming system, and tomiPAY, suggesting the team behind it has a strong commitment to alternative internet. On the other hand, too many products from different fields also bring competition from other specialized projects.
Check Out the Latest Prices, Charts, and Data of TOMI/USDT Here!
Liquid staking protocol Rocket Pool launches its rETH on the Layer 2 network, zkSync Era. Rocket Pool is the second largest decentralized liquid staking provider, only trailing behind Lido. Since its Atlas upgrade in April, TVL has continued to surge and stands at $1.8 billion as of the time of writing. The growth momentum is attributable to its expansion to Layer 2 as well as DeFi integration, including the recent deployment with Spark Protocol. Layer 2 expansion will likely boost its future growth as the transaction cost on Layer 2s is significantly lower than the Ethereum mainnet.
Check Out the Latest Prices, Charts, and Data of RPL/USDT Here!