Here are some important positive summaries:
1. $GAL - Launched the decentralized identity protocol galxe protocal. And entered L2, the Opsidezk mainnet will be launched around the beginning of September, and there will be more activities.
2. $PYR - There will be good news in late August or early September, waiting to be announced.
3. $SXP - The Dokdo white paper will be released on the 29th, this time including the solar card update and mobile phone wallet will be the focus, marking a key milestone for the solar network since the first quarter.
4. $GNS - Starting from September 1, the staking reward soared by 80%. Based on the data in July, this income is likely to attract a lot of capital flow.
5. $DYDX - 3.76% of the supply will be unlocked on 8/30, but there will be a governance event on 9/8, and the mainnet will be launched around 9-11.
6. $AR - 9.12 Singapore reports on the annual Asian event, which doubled after last year's conference.
7. $VRA - Change the economic token model, proposal deadline at the end of September, more partners in the next few months, token destruction, etc.
8. $CAKE – Just destroyed $11 million worth of tokens.
9. $TENET - Mainnet will be launched in September (compared with LBR in the LSDfi field, $TENET has high potential returns)
10.
L2: Mantle submits proposal to use treasury assets to strengthen ecosystem Totaling $238 million
Will be used to strengthen the ecosystem
・Dapp liquidity support: $160 million
・RWA collateralized stable liquidity support: USD 60 million
・Liquidity support from third-party bridges: USD 18 million
According to DeFillama, Mantle is currently ranked 35th with a TVL of $37.7 million. Simple calculations show that if the proposal is approved, the TVL is expected to exceed approximately $200 million, and the TVL ranking will surpass Base and Kava to become 11th. Related tokens: $mnt, $minu
Popular Tokens:
$BTC: The first deadline for multiple spot ETFs is this week, with BlackRock’s deadline on the 2nd. Also, the SEC may comment on Grayscale’s application. Monitor PA, especially during the US meeting.
$PEPE: There was a fiasco last week, followed by an official statement detailing the internal dispute that took place. The market did not react well to the news, and a sentiment hit like this could seriously hurt the project. However, looking at the chart, PEPE is still holding on to key support levels. One to watch closely.
$SUI: Nice upticks across the board, and a spike in volume (partially driven by Upbit). Large supply unlock on Sep 3 (~4.8%). Very likely to be a "bullish unlock".
$BLUR : Bucking the trend over the past few days, with a massive increase in volume. Volume for many NFT projects has spiked simultaneously over the past 48 hours. There's a sense that some kind of announcement is coming (based on price action alone), but trading won't be long on the announcement - if it comes out, will likely be short on it.
$CFX + $ACH: Hashkey (Hong Kong’s first retail exchange) has opened retail trading, but for $BTC and $ETH as of now. VCs are very interested in investing in $Dot. Can we see mature China-related projects listed in Hong Kong?
$HMX : Perp DEX on Arbitrum has been seeing consistent growth, hitting $1 billion in volume over the weekend. Showing real strength in an otherwise fairly flat market. Still likely to have room to grow in the coming months. Keep an eye on the indicators.
$SEI: Not yet a buy position, but close to valuation, looks attractive for long term holding. What attracts me most is its public chain status.
$RDNT + $STG: RDNT is a recent addition of mine personally. The narrative is slowly building with the mainnet + Layerzero airdrop. Still watching for the Q1 2024 airdrop.
$DYDX: There will be a big unlock tomorrow (~3.7%). I am directionally conflicted on this point. While there will be a big unlock, the DYDX v4 announcement may offset the selling pressure. Definitely a trading opportunity.
