Without further ado, let’s get straight to the practical stuff.
1、BTC ETF
The first deadline for the Ark and Blackrock ETFs is August 12 (but can be pushed back to February). The ETF is in the process of being re-filed with Coinbase as the exchange to use.
Gaining approval will be a major catalyst for the entire market.
2. EIP-4844 (Proto-Danksharding) allows cheaper transactions on Rollup (up to 20 times cheaper!)
Cheaper deals + higher profit margins → The narrative of $ARB and $OP
Cheaper mainnet fees for full Danksharding (probably in 2024)
3、LSD & LSDFI
frxETH V2 and Frax-chain
Eigenlayer is launched correctly. As the pledge rate increases, more capital will flow to LSDFI to increase the yield.
pendle_fi expands to new chains with more pools and markets • 10+ upcoming LSD-backed stablecoin protocols
4、Base (L2 by Coinbase)
Security audit completed - all that remains before release is "testnet stability"
Millions of retail investors joining DeFi is a big deal
Base income will be included in the Optimism treasury, which is one of the potential narratives of $OP
5、Frax-chain
L2 rollup with a hybrid structure using both optimistic and zk-rollups mechanisms
frxETH is the native gas token, which is a strong positive for $fxs. frxETH V2 is launched, $FRAX becomes fully collateralized, and Frax-chain (expected to be launched in Q3/Q4)
6、Polygon 2.0
Polygon 2.0 unifies many different technological innovations into one scalable solution Recently, $MATIC was sold off heavily due to Celsius being allowed to sell. Considering the recent release of 2.0, this seems like a good place to mark.
7、dYdX V4 (app-chain on Cosmos)
Decentralized in-memory order book controlled by chain validators, currently tested at over 500 TPS, protocol revenue will no longer go to centralized entities (maybe sharing $DYDX fees)
Testnet launch
8、GMX V2
Custom low-latency oracles from Chainlink. Isolate pools can more easily add many new trading pairs (including synthetic assets), and the expectation of lower transaction fees can attract new users.
9、Synthetix V3
Perps V3 - Multi-collateral liquidity (currently only compared to SNX), permissionless pools - isolated risk (as opposed to the current model) Cross-chain liquidity - people on one chain can leverage liquidity on another chain, greatly improving operability.
Later, I will bring you analysis of leading projects in other tracks. If you are interested, you can click to follow. I will also organize some cutting-edge consulting and project reviews from time to time. Welcome all like-minded people in the cryptocurrency circle to explore together. If you have any questions, you can comment or send a private message
