In the world of decentralized finance (DeFi), Avalanche (AVAX) and Cosmos (ATOM) have been leading the pack for some time now with their robust infrastructures and growing user bases. However, a new player has entered the field, and many are wondering if TMS Network (TMSN) will disrupt the ranks and challenge the dominance of AVAX and ATOM over 2023.
Avalanche (AVAX)
Avalanche is an adaptable, smart contract infrastructure for decentralized applications (dApps). Since being introduced in 2018, Avalanche has emerged as a significant player in the decentralized finance (DeFi) sector, offering various options like lending, borrowing, and digital asset exchange.
The Layer 1 blockchain of Avalanche (AVAX) is entirely interoperable with the tools, applications, and assets on the Ethereum network while also providing faster transaction processing, greater throughput, and reduced transaction fees. Avalanche is capable of handling thousands of transactions per second.
Since the beginning of 2023, the surge in the cryptocurrency markets and the widespread adoption of Avalanche by users has propelled the value of its native AVAX token to increase by 86%, rising from approximately $10 to $19.
Avalanche (AVAX) has seen its value soar through several significant partnerships, including a recent agreement with Amazon Web Services (AWS). Avalanche has formed another strategic partnership with the cloud division of Chinese tech giant Tencent to assist businesses in expediting their shift to Web3 technologies. These partnerships are projected to stimulate the expansion of the Avalanche ecosystem.
Cosmos (ATOM)
Cosmos (ATOM) has experienced a surge in demand due to its cross-platform solutions, which enable interoperability between various blockchain networks, allowing applications created on different blockchain platforms to interact with one another.Â
This solves the blockchain fragmentation problem, making Cosmos (ATOM) an appealing platform for developers interested in designing cross-platform dApps. Consequently, Cosmos is witnessing a thriving ecosystem of collaborations and ventures, which indicates a surge in the adoption of its technology. Several noteworthy projects have been developed on the Cosmos network, including Terra, Band Protocol, and Binance Smart Chain.
Cosmos has also established partnerships with several blockchain companies like Binance and Coinbase to promote a more integrated blockchain ecosystem. Since the start of the year, the substantial increase in the share price of Cosmos (ATOM) has led many cryptocurrency investors to perceive it as a promising investment opportunity.
TMS Network (TMSN)
Amidst the renewed investor focus on DeFi, TMS Network (TMSN), a decentralized trading network for multiple assets, is favorably positioned to propel the industry forward. TMS Network’s decentralized platform offers a secure and efficient way for trading various asset classes, including stocks, cryptocurrencies, forex, and contracts for difference (CFDs).
Designed with traders in mind, TMS Network’s blockchain technology resolves the longstanding issue of inconsistent pricing and excessive trading fees by providing competitive and uniform pricing across all asset types.
TMS Network utilizes advanced algorithms to identify and prevent price manipulation while ensuring rapid and efficient transaction processing, enabling traders to execute real-time trades with minimum latency. TMS Network’s upcoming native TMSN token is the platform’s native currency, granting access to trading more than 500 cryptocurrencies and other assets. Holders of the TMSN token will enjoy commission revenue sharing, premium services access, voting rights, and token burn, enhancing the TMS Network’s incentive structure for users.
Conclusion
DeFi leaders Avalanche (AVAX) and Cosmos (ATOM) face competition from TMS Network (TMSN). TMS Network offers a decentralized trading platform for multiple assets, with uniform pricing across asset types, fast transaction processing, and advanced algorithms for preventing price manipulation. Its native TMS token provides access to trading 500+ cryptocurrencies, with revenue sharing and premium services access.
Presale: https://presale.tmsnetwork.io
Whitepaper: https://tmsnetwork.io/whitepaper.pdf
Website: https://tmsnetwork.io
Telegram: https://t.me/tmsnetworkio
Discord: https://discord.gg/njA95e7au6
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