LSK (Lisk) up 39.51% in the last 24 hours

Gate News Bot Message, November 12th, according to CoinMarketCap data, as of press time, LSK (Lisk) is trading at $0.34, up 39.51% in the past 24 hours, with a high of $0.42 and a low of $0.18. The 24-hour trading volume reached $476 million. The current market capitalization is approximately $72 million, an increase of $20.4 million from yesterday.

Recent important news about LSK:

1️⃣ Launch of Ethereum Layer 2 Solution
Lisk officially announced the launch of an Ethereum Layer 2 solution based on Optimism, significantly enhancing its cross-chain interoperability. This move is expected to attract more developers and users to the Lisk ecosystem, while greatly increasing transaction speed and reducing fees, making Lisk more competitive.

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

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

From a technical perspective, LSK has broken through recent key resistance levels and may continue its upward trend 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 when investing.