Sonic Launch, Avalanche Etna, Jupiter Jupuary
This week’s cryptocurrency calendar is full of major events as Sonic Labs is about to launch its L1 mainnet, i.e. avalanche Mount Etna update goes live, July vote Beginning with Jupiter and so on.
Additionally, Starknet will soon begin staking STRK tokens and the Stacks Foundation will release a schedule for its sBTC Bitcoin-backed asset.
Sonic mainnet will be launched in December
Sonic Labs (formerly Fantom) many times claim In recent weeks, its Layer-1 mainnet will be launched in December. this EVM platform also known as Sonic Attractive incentives and strong infrastructure will be provided to developers.
However, the company is yet to confirm the exact launch date. A social media post earlier today revealed some details.
“Tired of waiting months or years for empty launch ‘promises’, are you ready to show the world what you can do? Come launch Sonic with us. Our mainnet will be this December Go live. Earn up to 90% of application fees. Real 10k sub-second results. Secure gateway for Ethereum funded by $200M airdrop,” Sonic Labs. wrote on X (formerly Twitter).
These breadcrumb announcements, along with Sonic Lab’s airdrops, have generated a lot of interest over the past few days. Sonic’s FTM token also performed wellAs the mainnet launch approaches, it has increased by more than 30% in the past week. The network’s success after launch could determine broader trends FTM Valuation.
Etna avalanche online
Blockchain network avalanche The Etna upgrade was launched on the testnet today. After this phase, Etna will launch on mainnet, which will be last step That’s before the company rolls out its “biggest update ever.” This update to Avalanche 9000 will significantly upgrade the underlying technology, Avalanche Labs co-founder Kevin Sekniqi said recently discussed Its importance:
“My excitement for the mainnet deployment cannot be overstated. This vision has been years in the making. A huge upgrade, my expectation and hope is that it will usher in the golden age of L1 and make “scaling” a thing of the past. It’s no longer “How do we scale?” it’s “Okay, what do I need to build to attract a billion users? ”, claimed Sekniqi.
The Etna upgrade gives L1 creators more control over their networks. Developers can now define custom staking mechanisms, select alternative gas tokens, and implement unique governance models tailored to their specific use cases.
Jupiter’s July Voting Opens
Jupiter, a Decentralized exchange based on Solanastart the first round vote Because of its “Jup AliAirdrop today.
Essentially, Jupiter opened up a vote to the community to decide whether to make several large-scale airdrop. These airdrops require 70% community approval, and their stated goal is to build participation.
“The current vote is to check if the community is willing to accept another 2 rounds of JUPuaries, each worth $700 million in JUP tokens. Building a decentralized community has never been easy. Jup by Jup, you and I should Work hard to make $JUP the best governance token in the world and make JUP the best community ever.” wrote on X (formerly Twitter).
This is This is not the first Jupuary airdrop for the platformbut it is the largest. The developers stated that the mission of this airdrop is to “accelerate, decentralize, and unify” the broader community ecosystem. If the first vote passes, it will result in a round of airdrops and successive votes until approval is lost.
Starknet starts staking
Starknet, permissionless ZK-Rollupwill begin staking its STRK tokens this week. it Deployed Staking infrastructure was launched on mainnet earlier today. This will begin the full transformation of the platform into Proof of Stake The network conducts preliminary test experiments in four stages.
“The validator tool is now live and validators are invited to start integrating. For delegators, the UI and dApp for delegating will be available at the official launch tomorrow. Starting tomorrow, becoming a STRK delegator will be available to everyone It will all be very simple,” the company claimed via social media.
Stacks announces sBTC release schedule
Additionally, the Bitcoin L2 stack is expected Announcement of schedule for its sBTC Bitcoin-backed asset. Company owned release white paper and roadmap, but it claims a more detailed timeline is coming soon. This new asset will provide Bitcoin with new opportunities in non-traditional areas Decentralized Finance app.
Finally, all eyes will be on Bitcoin as it heads toward the long-awaited $100,000 milestone. Despite a brief market correction on Monday, Bitcoin has continued to push New boundaries for all-time highs. It will be interesting to see Bitcoin finally reach six figures before Thanksgiving and Christmas.
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