Nervos Network increased 341% in one month as it plans to launch a DeFi platform and new Tier-2 offerings bear fruit.
Giant Increase
The cryptocurrency market continues to look for scaling solutions as decentralized finance (DeFi) applications struggle with rising fees. Some alternative solutions are attracting investors.
Nervos Network, for example, has seduced investor appetite with a 341% rally in one month. The project also bears the stamp of approval of the Chinese government, further raising the possibilities for the future interest of this project.
Nervos Network is a blockchain project based in China that supports second layer scaling solutions. Since its inception, the project has sought to target decentralized finance (DeFi) and asset tokenization.
The Nervos Common Knowledge Base (CKB) network acts to support and process applications created through smart contracts using a high-performance second layer.