Theta Network has seen some huge growth over the last few days as it overtook LINK as the 10th biggest market cap now sitting a little over $12b at the time of writing. Value of the native token, THETA, has grown over 80% in the last seven days and is continuing to grow currently at 18% in the last 24 hours. As of writing, it is sitting right below its current ATH of $12.33.
Much of this growth came in the wake of Theta Labs being granted their second US patent for their new unique, trusted payment system powered by the blockchain technology. More info on that can be found in their Medium post here. This is the biggest news as of late but the roadmap still offers a lot to be excited for, especially the launch of Theta Mainnet 3.0 in just under 30 days.
This is a project I’ve been very interested in ever since being introduced to it and I wrote a quick overview of it here. It currently boasts a solid video streaming platform that I’ve run into few issues with and am excited to see where they continue to take it. Once the next Mainnet launch hits I expect more growth from the platform especially when you consider just how well blockchain streaming platforms in general have been performing as of late in the face of a general market downturn.