Stratis to announce its ZK technology L2 scaling solution

Stratis (STRAX) rose double-digits on Thursday, hitting highs of $1.40. This was the highest price level for STRAX since April 2022, with the cryptocurrency up more than 12% in the past 24 hours.

STRAX token has jumped more than 45% in the past 30 days.

Meanwhile, Stratis has recorded an increase in trading volume, with the 24-hour uptick of 319% seeing it reach over $26 million

Stratis to announce L2 scaling solution

Today’s upward action for Stratis came amid a broader crypto market upside, with Bitcoin staying above $60k. On Wednesday, BTC price hit $64k. While the gains are likely in line with this bullish outlook, STRAX may also be getting upside pressure amid forthcoming network news.

That’s after the layer-1 blockchain’s team reiterated a recent announcement. As first highlighted on February 25, Stratis stated via X early today that it would be launching its layer-2 scaling solution on Friday, March 1, 2024.

This Friday we will be announcing our L2 scaling solution utilising cutting edge ZK technology

— Stratisplatform (@stratisplatform) February 28, 2024

On February 23, the Stratis team revealed the platform has secured a key bridge partner for cross-chain interoperability with Ethereum, Polygon, Avalanche, BNB and Arbitrum among other chains.

The integration allowed the $STRAX token to be natively available on these networks. As well, the different tokens were also to be available on the Stratis blockchain.

Earlier, Stratis initiated an EVM dApp incentive program with pool of $1 million. The program aimed at boosting network growth by incentivizing developers and protocols to deploy decentralised applications on (dApps) on Stratis.

The post Stratis to announce its ZK technology L2 scaling solution appeared first on Invezz