Crypto Gloom

Calamari Network surged 53% following the Manta announcement.

Calamari Network, a protocol closely linked to Manta Network, reported double-digit growth following several partner announcements.

Calamari Network (KMA) has a market capitalization of $26 million, which is the value obtained by multiplying the token price by the current circulating supply of KMA tokens, which stands at 4 billion tradable tokens.

Calamari Network surges 53% after Manta announcement - 1
Calamari Network – USD price chart | Source: CoinGecko

KMA has surged 53.3% in the last 24 hours and is up 78.8% in the past 7 days, showing superior performance compared to the global cryptocurrency market, which is experiencing a 4.7% decline. At the same time, KMA outperforms the similar Zero Knowledge (ZK) cryptocurrency, which is up 6.9%.

Calamari Network is conceived as a plug-and-play privacy protocol for Kusama’s entire DeFi stack and consequently has close links to Polkadot’s Manta Network. As evidenced by a retweet from the official

This means the introduction of a new Binance Launchpool for MANTA and the unveiling of the Manta Network, a modular layer 2 solution for zero-knowledge (ZK) applications.

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