TMS Network Gives Mammoth ROI During Presale, Others Bear Market

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Overview of the Article

  • TMS Network (TMSN) has achieved major success during its presale, raising $500k in two weeks and another $2 million in a private seed sale.
  • Aptos (APT) and Sui are caught up in a controversy after Pontem, a crypto wallet backed by the Aptos (APT) network, invited and then disinvited Sui delegates from the upcoming MoveCon conference.
  • Solana (SOL) suffered its 10th network outage on February 25, negatively impacting market sentiment and causing its price to fall 4% over the last few days.

Success of TMS Network’s Presale

The TMS Network (TMSN) is a trading platform designed to solve existing trading issues such as excessive centralization, slow transaction times, low return on investment, high fees, and less transparency. As a result of these real-world utilities, TMS Network’s presale has been highly successful. It raised an impressive $500k within two weeks of launch and additionally raised $2 million in private seed sale.

Controversy Between Aptos (APT) And Sui

Recently, hostility between Aptos (APT) and Sui – two blockchains which have their origin in Facebook’s defunct Diem stablecoin project – has come to light. This was after Pontem, a crypto wallet backed by the Aptos (APT) network invited and then disinvited delegates from Sui from the upcoming MoveCon conference. Speculations are that Aptos (APT) had asked Pontem organizers to exclude Sui speakers from MoveCon. However, Aptos denied any role in this decision but on month chart it is down by 20%. Currently it is being traded at $13.27.

Network Outage On Solana’s Blockchain

Solana’s blockchain recently experienced its tenth network outage on February 25th which affected transactions and other activities on the platform significantly though developers termed it minor mishap. The wider crypto community expressed their concern over these outages which caused bearish market sentiments resulting into 4% decrease in Solana’s price over last few days.

Conclusion

The article talks about various occurrences in blockchain industry lately such as success story of TMS Network during presale period however it also highlighted controversies between Apto & Sui as well as multiple outages faced by Solana’s blockchain causing negative impact for both projects despite having promising features for investors initially .