August 07, 2024
Turbo Protocol's 400K TPS Launch Amid ETH Dip
Whales Hoard $340M
ETH fell hostage to the market turbulence after U.S recession fears took over on Monday.
Amidst this,
Turbo Protocol solidifies as one of the frontrunners in a mission to create cost-effective and high-throughput blockchain solutions.
Turbo Protocol's new sidechain, can process up to 400K transactions per second.
Turbo Protocol's TPS should be nothing short of a groundbreaking promise, as these are the current TPS numbers.
Solana 1000 TPS
Ethereum 20 – 30 TPS
Visa 24,000 TPS
In all this technological growth, the price of Ethereum (ETH), currently $2,500, has seen a slight uptick.
ETH rose by 4.49% in 48 hours.
During this market slump, notable fluctuations have emerged.
Six large wallets tied to the Nomad Bridge Exploiter group acquired $340M worth of ETH.
These whales purchased 144,071 ETH for an average price of $2,300 per ETH
Players of this size can create considerable imbalances in the cryptocurrency market.
Learn more about the Ethereum Whales.