Why Cartesi (CTSI) crypto’s trading volume grew 70% on Friday?

Follow us on Google News:
 Why Cartesi (CTSI) crypto’s trading volume grew 70% on Friday?
Image source: © Alexanderushkevich | Megapixl.com


  • Cartesi is a Layer-2 blockchain OS to develop and deploy decentralized applications. 
  • It was founded in 2018 by four people who currently hold key positions in Cartesi.
  • The network’s utility token is CTSI.

Cartesi (CTSI) token rallied on Friday for no apparent reason. It was up 14.6% to US$0.1628 at 7:56 am ET. Its trading volume jumped 70.37% to US$22.01 million in the last 24 hours.

On July 14, Cartesi released its CTSI Foundation Reserve Transparency report that details its operations, governance, token allocations, etc.

However, the token’s rise could be attributed to the market’s positive sentiment. Its market capitalization grew to US$933.45 billion, up 5.63% in the last 24 hours.

What is Cartesi (CTSI)?

Cartesi is a Layer-2 blockchain OS to develop and deploy decentralized applications. Its infrastructure supports Linux operating system and mainstream software, helping developers in coding scalable smart contracts and building DApps in familiar programming languages.

Its co-founders are Erick de Moura (CEO), Colin Steil (COO), Diego Nehab (CTO), and Augusto Teixeira (Chief Scientific Officer). The platform’s virtual machines, rollups, and side-chains enables developers to build next-generation blockchain DApps.  

Cartesi claims to be the first blockchain OS, which boosts computational scalability, supports sophisticated decentralized applications, and protects users’ privacy.

CTSI token:

CTSI is the utility token of the network. With a circulating supply of 593 million, CTSI’s current market capitalization is US$96.6 million. The total supply is one billion. The crypto exchanges that offer the token include Binance, MEXC, Kraken, KuCoin, WazirX, BingX, Bybit, DigiFinex, etc.

Bottom line:

Cartesi’s project team has years of experience in coding and blockchain technology. However, the crypto market is highly volatile; investors should apply caution before investing in cryptos.  

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media LLC (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.