Research Summary
The report discusses major upcoming events in the crypto industry, including Ethereum’s Dencun Upgrade, NVIDIA’s AI Conference, Fantom’s Sonic Upgrade, FOMC’s interest rates decision, and ARB’s $2.2b token unlock. It also highlights Hacken’s equity tokenization event and provides updates on various DeFi protocols.
Key Takeaways
Ethereum’s Dencun Upgrade
- Significant Fee Reduction: The Dencun upgrade, scheduled for March 13, is expected to significantly decrease Ethereum L2s transaction fees by lowering “the rent” that L2s pay to inherit Ethereum security. This could lead to a new narrative around Ethereum and the return of the Ethereum L2s Season.
NVIDIA’s AI Conference
- AI and Crypto Intersection: The NVIDIA AI Conference on March 18 is expected to boost Crypto AI coins, which historically perform well before and during such events. NEAR Protocol and Render Network teams will participate in the conference, indicating a growing intersection of AI and crypto.
Fantom’s Sonic Upgrade
- Network Enhancement: Fantom’s Sonic Upgrade, expected in March or April, aims to increase network transactions throughput and reduce storage requirements by up to 90%. The upgrade also promises to achieve beyond 2,000 transactions per second and a transaction time to finality of ~1 second, while remaining EVM compatible.
FOMC’s Interest Rates Decision
- Market Impact: The FOMC’s decision on U.S. interest rates, due on March 19-20, could significantly impact markets. Although the most likely scenario is “no change”, the event is worth monitoring for potential market reactions.
ARB’s $2.2b Token Unlock
- Significant Token Release: On March 16, ~$2.2b worth of ARB tokens will be unlocked, representing one of the biggest crypto unlocks in 2024. This could potentially impact the token price, depending on the Arbitrum team’s actions around the unlock date.
Actionable Insights
- Monitor Ethereum’s Dencun Upgrade: The upgrade could significantly impact Ethereum’s ecosystem and transaction fees. Stakeholders should closely watch its implementation and effects.
- Assess AI and Crypto Interactions: The NVIDIA AI Conference could provide insights into the intersection of AI and crypto, potentially revealing new opportunities and trends.
- Track Fantom’s Sonic Upgrade: The upgrade could enhance Fantom’s network performance and reduce storage requirements, potentially affecting its market position and value.
- Watch FOMC’s Interest Rates Decision: The decision could impact markets, making it crucial for stakeholders to monitor the event and its aftermath.
- Observe ARB’s Token Unlock: The significant token release could affect ARB’s price, making it important for stakeholders to monitor the event and its market impact.
