Ethereum

April

Cartesi

According to CryptoSlate data, the Cartesi (<a href="https://cryptoslate.com/coins/cartesi/">CTSI</a>) token recorded a 68.56% increase over the past seven days following the project&#8217;s update announcement published on April 11.
According to the Cartesi Ecosystem <a href="https://medium.com/cartesi/cartesi-ecosystem-update-2023-124b384401cc">Update</a> 2023, the  Cartesi Rollups are fast approaching the mainnet deployment stage.
<h2 id="the-surge">The surge</h2>
The CTSI token was traded for around $0.1532 on April 11, when the update announcement was published. On April 20, the CTSI price increased as high as $0.3341 — marking a 118% increase in nine days.
<figure id="attachment_319507" aria-describedby="caption-attachment-319507" style="width: 1069px" class="wp-caption alignnone"><img class="size-full wp-image-319507" src="https://cryptoslate.com/wp-content/uploads/2023/04/CTSIUSD_2023-04-21_12-47-49.png" alt="CTIS to USD (Source: CryptoSlate)" width="1069" height="773" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/CTSIUSD_2023-04-21_12-47-49.png 1069w, https://cryptoslate.com/wp-content/uploads/2023/04/CTSIUSD_2023-04-21_12-47-49-300x217.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/CTSIUSD_2023-04-21_12-47-49-1024x740.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/CTSIUSD_2023-04-21_12-47-49-768x555.png 768w" sizes="(max-width: 1069px) 100vw, 1069px" /><figcaption id="caption-attachment-319507" class="wp-caption-text">CTIS to USD (Source: CryptoSlate)</figcaption></figure>
CTSI price charted an upwards trajectory up until April 21. However, CryptoSlate data indicates that the token lost 10.86% of its value in the last 24 hours. Regardless of the fall, the current CTSI price reflects an 82% increase over the last 30 days.
<h2 id="cartesi-rollups">Cartesi rollups</h2>
Cartesi is essentially a layer-2 scaling solution that allows developers to build dApps that operate across multiple chains. It supports Linux and other mainstream software components while allowing builders to deploy application-specific rollups as layer-2 on top of Ethereum (<a href="https://cryptoslate.com/coins/ethereum/">ETH</a>) — or as layer-3 on other chains.
The announcement post explains the difference by stating:
<blockquote>&#8220;&#8230;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. What will actually go to mainnet are DApps built using Cartesi.&#8221;</blockquote>
The mainnet launch is by deploying the first Cartesi-powered dApp Honeypot on the ETH mainnet. The Honeypot dApp is designed to hold real assets to both &#8220;setting a financial benchmark for secure asset management and providing a gamified battlefield for the community to help audit and test Cartesi&#8217;s cutting-edge technology.&#8221;
The announcement post states that launching the Honeypot to the mainnet will &#8220;mark the beginning of a new era&#8221; for Cartesi as it will test and fortify Cartesi&#8217;s tech and security. With that being said, the Cartesi team didn&#8217;t disclose a specific date for the Honeypot&#8217;s deployment.
The post <a rel="nofollow" href="https://cryptoslate.com/ctsi-surges-over-65-in-a-week-as-rollup-update-approaches/">CTSI surges over 65% in a week as rollup update approaches</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

CTSI surges over 65% in a week as rollup update approaches

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