July 24, 2024
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CTSI Surges Over 65% in a Week as Rollup Update Approaches

According to CryptoSlate data, the Cartesi (CTSI) token has increased by 68.56% in the seven days following the project’s update announcement on April 11. The Cartesi Rollups are rapidly approaching the mainnet deployment stage, according to the Cartesi Ecosystem Update 2023.

On April 11, when the update announcement was published, the CTSI token was trading for around $0.1532. On April 20, the CTSI price reached $0.3341, representing a 118% increase in nine days. The CTSI price charted an upward trend until April 21. However, according to CryptoSlate data, the token has lost 10.86% of its value in the last 24 hours. Regardless of the drop, the current CTSI price represents an 82% increase in the previous 30 days.

Cartesi is essentially a layer-2 scaling solution that enables developers to create decentralized applications (dApps) that operate across multiple chains. It supports Linux and other common software components while allowing developers to deploy application-specific rollups as layer-2 on top of Ethereum (ETH) or layer-3 on other chains.

“…Cartesi Rollups is an application-specific execution environment that can be deployed as layer 2 or layer 3; it’s not a layer 1 blockchain or DApp, which means that the traditional concept of a “mainnet launch” for Cartesi differs from many other blockchain projects,” according to the announcement post. DApps built with Cartesi will be the ones that make it to mainnet.”

The first Cartesi-powered dApp Honeypot will be deployed on the ETH mainnet as part of the mainnet launch. The Honeypot dApp is intended to hold real assets with the goal of “setting a financial benchmark for secure asset management and providing a gamified battlefield for the community to help audit and test Cartesi’s cutting-edge technology.”

According to the announcement post, bringing the Honeypot to the mainnet will “mark the beginning of a new era” for Cartesi, as it will test and strengthen Cartesi’s technology and security. The Cartesi team did not provide a specific date for the deployment of the Honeypot.