BAND is up by over 220% in a span of two days. What can be possible reasons? Let us dive into it.
Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it on-chain, quite similar to Chainlink. It has a market cap of $132 Million as of writing and ranks 219 on CoinGecko.
BAND Mainnet upgrade proposal
Band protocol hinted at the latest tech development on Wednesday. Then, after a couple of hours, they announced the proposal for a BandChain mainnet upgrade to V2.4. The upgrade is estimated on Nov 21, at 14:00 UTC. The objective of the upgrade is to increase the throughput by ten times by optimizing the owasm runtime.
