The Telos crypto traded in the green early in the first week of July, reversing its course into the negative territory. It gained significant traction among social media users in recent days. But before we discuss its price and performance, let's understand first what Telos is. Telos claims it is built for speed and scalability. It is a high-performing layer-1 network or the foundation for the fastest Ethereum Virtual Machine. Telos’ non-fungible tokens and smart contracts are used in decentralized finance (DeFi), gaming and social media applications. The Telos network is home to over 100 decentralized applications including Qubicles, Wordproof, Zeptagram, and Appics. Know more about this trending crypto in this video by Kalkine Media.
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