Dash Soars 44% to $73.59 on Successful Launch of Dash Platform v1.1

Dash (DASH), a privacy-focused cryptocurrency, has seen a significant price surge of 44% to around $73.59.

The sharp rally has pushed the daily trading volume up by 200% to $556 million.

The main reason behind Dash's sharp rally is the successful launch of Dash Platform v1.1 on mainnet, which adds features such as decentralized data storage and stronger security for open-source apps.

Dash has also introduced adaptive blocksize scaling, allowing the network to handle higher activity while keeping transactions fast and fees low.

The rally has gained further support from the launch of shielded transactions on the Evolution mainnet and the new mobile-shielded privacy beta for Android.