Top RWA Crypto PolyX Set For Polymesh Mainnet V7 Upgrade
Leading RWA crypto Polymesh is setting up to upgrade and release v7.0. Will POLYX crypto rally? What about this other upcoming layer-2?
Crypto projects on the edge of innovation constantly need to upgrade. If they don’t, they will be overtaken by the exponential growth of emerging technology.
Ethereum developers have been building and continuously shipping updates since Homestead. In November 2024, it is Polymesh’s time.
In anticipation of the exciting Polymesh v7.0 release on November 20th, Ledger has updated the Polymesh app.
You must WAIT to upgrade your Ledger device until after the v7.0 release is live. If you upgrade the Polymesh app on your Ledger device between now and the release, the…
— Polymesh 🅿️ (@PolymeshNetwork) November 18, 2024
Polymesh Rolling Out v7.0: Will POLYX Extend Gains?
After a successful year, given its role in advancing tokenization and bringing real-world assets (RWAs) to the blockchain, Polymesh developers plan to release the v7.0 version of the mainnet code.
The upgrade, scheduled for November 20, promises several changes, most of which will improve functionality and efficiency.
In a post on X, Polymesh, an institutional-grade blockchain designed specifically for regulated assets, said v7.0 will add critical updates to the mainnet. While at it, developers expect to interact with new tooling.
Among the key updates are changes to the chain API, SDK, Rest API, and SubQuery tooling.
Most importantly, once v7.0 is live, Polymesh will support Asset IDs, a unique identifier for tokenized assets. This update will allow users to enjoy greater flexibility in asset creation.
Additionally, the team said it will enhance staking. Developers are adding a new staking pallet feature to improve efficiency and election processes without sacrificing tokenomics and inflation parameters.
Other critical updates include introducing optimized key management for smoother transactions, improving MultiSig for more flexibility in payment flows, and removing Venue ID to further streamline transactions outside exchanges.
Ahead of this mainnet code change, POLYX
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is firm, edging higher. The coin has found support at around $0.28 and in a bullish breakout formation.
As Polymesh sets new standards for regulated assets, attention is shifting to Pepe Unchained – a viral meme coin presale surging towards $40M raised before its highly anticipated launch in December 2024.
Pepe Unchained Raises Over $38 Million: New Meme Coin Launches In December
In the ongoing Pepe Unchained presale, the project has raised over $38 million, adding over $5 million in two weeks.
The record-breaking presale stems from surging interest from investors.
What Pepe Unchained plans to do is central to this spike.
Pepe Unchained will build a layer-2 platform for meme coins on Ethereum. The solution, dubbed Pepe Chain, will be 100X faster and cheaper than Ethereum.
As expected, Pepe Chain will be interoperable with Ethereum and feature its explorer for quick searching and tracking transactions.
However, the real interest is what the team is doing.
Besides the “Frens with Benefits” program, where talented developers will receive grants to build on Pepe Chain, there will be a dedicated meme coin launching platform, Pump Pad.
Of note, it’s better than Pump.fun on Solana, Pump Pad will tap into the vibrant Ethereum ecosystem without requiring any issuer to know coding.
PEPU, the utility token, is trading for just $0.012895 at the current stage of the presale.
Prominent YouTube influencers are confident PEPU will easily rally once the meme coin lists on the main net exchanges. Early investors who bought PEPU will likely 100X their investment.
While POLYX could extend gains, analysts are convinced PEPU is a gem and a low-risk, high-reward token to buy now amid the boom across the meme coin scene.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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