Cryptocurrency After a week with a regression in the market, it is wondered what developments will occur in altcoins this week.
Here are the key points to follow this week.
Highlights of the Last Week
- After Elon Musk tweeted about the Miladys, the ERC-20 token supposedly linked to Milady Maker LADY, It skyrocketed to a market cap of $150 million.
- UNI, discusses applying protocol fees by opening the fee system. However, this could have potential regulatory implications as the Uniswap Foundation is US-based.
- BRC-20 adoption has increased significantly bitcoin caused severe congestion on its network and led to high transaction fees. Block fees outstripped rewards in two blocks, a rare event that has only happened a few times in Bitcoin history. Binance also announced that it will support Ordinals in the NFT market.
- CrvUSD Although the redistribution of contracts is still in progress, Curve Finance has announced that it will soon launch the user interface for the token.
- MakerDAO’s lending marketplace Spark Protocol launches to DAI increased demand and usage.
- PancakeSwap worth $16 million CAKE lit and reduced emissions to 3-5%, platfrom plans to further reduce emissions.
- Synthetix, Increased weekly OP trade rewards by 200%, which will positively impact Kwenta and Polynomial users.
- aave V3 was launched on Metis and will likely trigger a liquidity flow to the platform.
- A blockchain infrastructure designed for sports and entertainment. CHZ Mainnet launched.
- Opensea Pro, of PEPE hinted that it could be included as a payment method.
- AIOZ, Completed the network hard fork and updated to v1.4.0 which provides connectivity to Cosmos and EVM compatible ecosystems.
- Kiln, a staking services protocol, is now sui made available on the network.
- A DeFi swap collector ODOS protocol now Phantom ready for use in the network.
- Neutrinos Bridge is operational, currently connecting BNB Chain to Neutrinos Mainnet.
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Important Developments in Altcoins in the New Week
- scheduled for May 15. Lido V2 upgrade, stETH make withdrawals possible. Given that Lido is the largest ETH staker, this is in ETH It could be the last significant wave of withdrawals before net flows turn positive as deposits will exceed withdrawals.
- BIT, It will unlock $90.9 million on May 15, 2% of the total supply.
- APE It’s set to unlock $51.3 million on May 17, accounting for 1.6% of the total supply.
- Arbitrum plans to redistribute accumulated transaction fees to DAOs.
- Dymension Incentive testnet will be launched soon.
- which is an ETH LSD protocol EnLight Finance, Preparing to launch an incentivized testnet on BSC.
*Not investment advice.
Source: Bitcoinsistemi.com