The concerns said aloud about the general mechanisms of ETH and BTC are one of the reasons for the two assets’ sideways action in the previous two months. As a result, other competitors have an opportunity for gaining attention. Among them, Constellation (DAG) has stood out in the previous week.
The Reasons Behind DAG’s Performance
DAG recorded a new all-time high on 10th July, despite the top crypto coins’ sideways action. It is a protocol that uses an architecture of a guided acyclic graph. The objective is to achieve a consensus that can theoretically scale infinitely.
Data from TradingView and Cointelegraph Markets have shown a rally of 353% for DAG prices. It rallied from the 22nd June low point which stood at $0.037 to the new all-time high on 10th July standing at $0.17.
The reasons behind DAG’s strong showing include a functioning DEX being released, an expanding global partners list, as well as the highly scalable low-cost transactions offered.
The recent Lattice Exchange (LTX) is an automatic market based on maker DEX. It uses the Hypergraph network of DEX. As a result, it offers an almost zero fee as well as a decentralized network that can scale horizontally. Over the previous few months, LTX token yield farming has been added by the project through Uniswap’s liquidity provision. Otherwise, it directly stakes the on LTX for a 155% calculated APY.
Notable partnerships in businesses for DAG include the Airforce of the U.S. and Web Services from Amazon. It has also developed partnerships, in the relevant sector, with KuCoin exchange and Chainlink (LINK).
Recently, Ethereum and Bitcoin have been scrutinized heavily for their cost on the environment and high gas fees. As a result, any project offering secure and cheap gas fees with a TPS that can compete can thrive. The recent “Stargazer” wallet has a Lattice interface. It also allows zero-cost transactions between persons on the network.
