• TMS Network (TMSN) has successfully raised $500k in two weeks of its presale and $2 million in a private seed sale.
• Aptos (APT) and Sui have been caught up in a public controversy.
• Solana (SOL) suffered its 10th network outage, causing bearish market sentiments.
TMS Network Successfully Raises Funds
TMS Network (TMSN) is a trading platform that solves existing trading issues like excessive centralization, slow transaction times, low return on investment, high fees, and less transparency. Due to such revolutionary and real-world utility, TMS Network’s (TMSN) presale has achieved many milestones. It has raised a whopping $500k in just two weeks of its launch followed by an additional $2 million in a private seed sale.
Aptos and Sui Caught Up In Controversy
The hostility between Aptos (APT) and Sui, two blockchains that have their origin in Facebook’s defunct Diem stablecoin project, has come to the public domain when Pontem, crypto wallet backed by the Aptos (APT) network, first invited then disinvited delegates of Sui from the upcoming MoveCon conference. Some people familiar with the development stated that Aptos (APT) told Pontem organizers to exclude Sui speakers from the MoveCon conference but Aptos clarified it had no role in Pontem’s decisions. Meanwhile, Aptos‘ price has seen an increase of 1.34% but is still down 20% monthly.
Solana Suffers 10th Downtime
Network outages have become common on the Solana (SOL) network as it suffered its 10th outage on February 25th which affected transactions and other activities on the network without any revealed reason behind it yet. Solana developers termed it as „minor mishap“ but this caused wider crypto community to question its capabilities leading to bearish market sentiments resulting into 4% price fall lately.
Market Impact of Events
The events discussed above have had various impacts on different markets – TMS Networks was seen as successful due to investments made during presales; controversy between APTs and Sui triggered debates among users; while Solanas downtimes caused bearish trends due to lack of trust in its capability for smooth operation leading to loss for investors over time
