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ROSE gains 54% in a week as the Oasis Network ecosystem expands
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High transaction costs have been a thorn in the side of the top blockchain protocols for years as both Bitcoin (BTC) and Ethereum (ETH) have seen the average cost of conducting token transfers skyrocket during times of network congestion and high demand.
One layer-one (L1) protocol that has been gaining traction in recent months that seeks to offer a low-cost solution to high fees is the Oasis Network (ROSE), a privacy-focused L1 blockchain built using the Cosmos SDK and designed for open finance and a responsible data economy.
Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.169 on Oct. 28, the ROSE price surged 176.5% to a new record high at $0.466 on Nov. 21 and is once again on the move after
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