Big Moves in the Blockchain World: Worldcoin (WLD) Unveils New Network, Layer-2 Meme Coin Pepe Unchained (PEPU) Passes $21M Presale Milestone

This Layer-2 is built with real users in mind, not just bots or automated systems. Developed using Optimism's OP stack and secured by Ethereum

World Chain, a Layer-2 blockchain centered around verified human users, has just seen its native WLD token rally by 12%. This follows the network launch and rebrand of the parent project, now known simply as “World.”

The token, which powers transactions on World Chain, began the week priced at $0.89. However, an uptick in investor demand saw WLD cross the $1 mark on Monday. At the time of writing, it trades at $0.99, up by 12% from Friday.

After rising by over 18% on Monday, WLD cooled off slightly, losing some of the gains. However, it’s still up by a significant amount over the past few days.

This recent rally has pushed WLD’s market cap up to $1.3 billion. That’s a huge increase from the $350 million market cap it had at the beginning of the year.

Despite the gains, it’s worth noting that WLD is still trading at 79% below its all-time high, which it hit back in March.

That means there could still be plenty of room for growth, especially if Worldcoin manages to continue generating hype and attracting users to its Layer-2 blockchain.

But can Worldcoin keep this momentum going?

The launch of World Chain and the rebrand to just “World” have certainly sparked interest among investors. However, questions remain about the project’s long-term viability.

Worldcoin’s iris scanning identification method has been praised for its ability to anonymously verify real users at scale, yet it has also faced criticism for raising privacy concerns.

As more people begin using World Chain and DApp developers flock to the network, striking a balance between these competing interests will be crucial for Worldcoin to maintain its momentum in the blockchain space.

Either way, investors are keeping a close eye on the project’s developments, especially as it aims to onboard the next billion users into crypto.

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