Due to the increasing adoption of blockchain by payment processing companies such as Mastercard, Visa, and Apple Pay Integration many decentralized platforms such as COTI with top-notch solutions are becoming popular.
All it takes for a project to soar is scalability and speed. Once it can offer such attractive capabilities, big-name companies are willing to adopt it.
This is exactly what is causing the surge of COTI network. These past weeks have brought the network to the limelight due to some upgrades it made to the network. As a result, many big shots in the industry have taken notice.
According to what COTI wrote on its website, it aims to empower organizations to create efficient payment solutions and also digitalize currencies to save money and time. From the data available in the market, COTI price increased by 345% over a one-month period.
It rose from $0.63 that it was trading on February 4th to $0.283 as of March 5th. This increase came immediately after the network released its COTI Staking 3.0 on the 1st of March.
COTI Received Immense Attention Due to Apple Pay Integration
On 3rd March, COTI spiked interest with an announcement that Apple Pay will purchase COTI due to its partnership arrangement with Simplex.
On the COTI Twitter account, there’s an indication that the ecosystem had a very active February. There were many integrations and partnerships that occurred, which showed the protocol aims at achieving interoperability with other networks.
On February 26, SushiSwap launched an ETH-COTI pair. The network aimed at expanding user access and token liquidity by that integration. Moreover, the Crypto Volatility Index, which it released last January, is still pulling a lot of attention.
As soon as SushiSwap carried out a code optimization project that reduced its gas fee by 50%, it started garnering lots of interest.
Last month, there was an increase in merchant transaction volume on the COTI network as well. The volume rose to 18.16 million, and now, the COTI team is aiming to increase the stakes and upgrade the nodes on the networks.
As Bitcoin and blockchain tech grow globally. Many large organizations and even small businesses will pay more attention to COTI. The network is a way for them to integrate blockchain rails as well as creating in-house currencies. Also, the fiat onramps plus staking upgrades positioned COTI to experience more upsides following the bull-cycle trend this period.