THETA, the native token associated with the Theta Network, continues to record new all-time highs. Theta Network is a decentralized blockchain-based video delivery network. Through these gains, the token has entered the top 10 cryptos by market cap list.
On March 23, 2021, THETA overtook Chainlink’s LINK to occupy the tenth spot at around $11.7 billion in valuation, based on CoinGecko data. At the time of writing, LINK’s market is hovering around $11.4 billion.
The Theta Network token has recorded massive growth recently, surging by 70% in the last seven days and recording new historical highs. The token is now trading at $11.80, up 17% over the past 24 hours, based on CoinGecko data. THETA has seen constant growth in 2021, even outperforming BTC’s late-2020 rally.
THETA’s entry into the top 10 coins by market cap comes after Bitcoin Cash plunged and left the top 10 list in early March.
The coin’s new all-time highs for this token came just after Theta Labs secured its second patent on the development of designs for decentralized blockchain-based video and data delivery from the US Patent and Trademark Office on March 16. Earlier this month, Theta Labs unleashed an open-source code for the Theta protocol version 2.2.0 on its GitHub.
As reported previously, the Theta Network has actively expanded its validator program. In the process, it has attracted partnerships with Fortune Global 500 companies including Sony, Google, and Samsung.
The Theta team is also working with major crypto and blockchain industry players like Blockchain.com, Binance, and Gumi. Theta Labs was launched in 2017 as an arm of the virtual reality live-streaming firm Sliver.tv.