3 reasons why Constellation (DAG) price outperformed most altcoins this week

The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention.

One project that managed to overcome the sideways action in the market and rally to a new record high on July 10 is Constellation (DAG), a protocol that utilizes a directed acyclic graph architecture to achieve a consensus that is theoretically capable of infinite scaling.

Data from Cointelegraph Markets Pro and TradingView shows that the price of DAG rallied 353% from a low of $0.037 on June 22 to a new record high at $0.17 on July 10.

DAG/USDT 4-hour chart. Source: TradingView

Three reasons for the strong showing from DAG include the release of a functioning decentralized exchange, an expanding list of global partners who utilize the Constellation network to manage data and the network’s ability to offer low-cost, highly scalable transactions.

DeFi launch brings yield to stakers

The recently launched Lattice Exchange (LTX) is an automated market maker-based decentralized exchange (DEX) that utilizes Constellation’s Hypergraph network to offer a “near-zero fee and horizontally scalable decentralized network.”

In the path few months, the project has added yield farming for LTX token via liquidity provision on Uniswap or staking the token directly on the Lattice Exchange for a calculated APY of 155%.

DAG holders can also participate in the network by staking tokens on a state channel to help increase the network’s transaction per second (TPS) capability, or by using DAG tokens to run a node on…

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