Turbo Protocol's 400K TPS Launch Amid ETH Dip; Whales Hoard $340M

Turbo Protocol's 400K TPS Launch Amid ETH Dip

August 07, 2024 Whales Hoard $340M Whales Hoard $340M

ETH fell hostage to the market turbulence after U.S recession fears took over on Monday.

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Amidst this,

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Turbo Protocol's new sidechain, can process up to 400K transactions per second.

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Turbo Protocol's TPS should be nothing short of a groundbreaking promise, as these are the current TPS numbers.

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In all this technological growth, the price of Ethereum (ETH), currently $2,500, has seen a slight uptick.

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During this market slump, notable fluctuations have emerged.

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Six large wallets tied to the Nomad Bridge Exploiter group acquired $340M worth of ETH.

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Players of this size can create considerable imbalances in the cryptocurrency market.

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Learn more about the Ethereum Whales.

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