LSK (Lisk) up 16.59% in the last 24 hours

Gate News Bot message, November 11th, according to CoinMarketCap data, as of press time, LSK (Lisk) is trading at $0.24, up 16.59% in the past 24 hours, reaching a high of $0.25 and a low of $0.17. The current market capitalization is approximately $51 million, an increase of $7.26 million compared to yesterday.

Recent important news about LSK:

1️⃣ Lisk launches Ethereum Layer 2 solution
Lisk officially announced the launch of an Ethereum Layer 2 solution based on Optimism. This move significantly enhances Lisk’s cross-chain interoperability and is expected to attract more developers and users to the Lisk ecosystem. The addition of the Layer 2 solution will greatly improve transaction speed and reduce costs, making Lisk more competitive.

2️⃣ Strategic partnership with Gelato Network
Lisk has established a strategic partnership with the automated smart contract execution platform Gelato Network. This collaboration will introduce advanced automation features to the Lisk ecosystem, enhancing the flexibility and efficiency of its smart contracts. Gelato’s involvement is expected to expand Lisk’s applications in DeFi and NFT sectors.

3️⃣ Technical upgrades improve network performance
The Lisk team recently completed a series of important technical upgrades, including improvements to the consensus mechanism and optimization of the network architecture. These upgrades significantly increased the throughput and security of the Lisk network, laying a foundation for large-scale future deployments.

From a technical perspective, LSK has broken through recent key resistance levels and may continue its upward momentum in the short term. However, given the high volatility of the cryptocurrency market, investors should still carefully assess risks.

This message is not investment advice; please be aware of market volatility risks.