Leading crypto analyst The DeFi Investor has highlighted several important developments that investors should keep an eye on in the coming days in its latest report.
Here's a rundown of the key updates:
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Phantom (FTM)
Sonic Testnet Launch: Fantom will launch its highly anticipated Sonic testnet next week. Sonic will be the biggest upgrade to the Fantom network to date and promises major advancements in the blockchain’s infrastructure and capabilities.
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Arbitrum (ARB)
Stylus Update: Scheduled to be released on September 3, Arbitrum’s Stylus update will add support for writing smart contracts in Rust, C, and C++. This enhancement is expected to significantly expand the platform’s developer base by making it more accessible to programmers familiar with these widely used languages.
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Polygon (MATIC)
Polygon is rebranding as POL Token: On September 4, Polygon’s native token MATIC will be rebranded as POL.
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Sanctum (CLOUD)
SOL Liquid Staking Tokens: Binance, Bybit, and BitGet are set to launch SOL liquid staking tokens. These tokens will be built on Sanctum and will provide users with new opportunities to stake and earn rewards on the Solana network.
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Immutable (IMX)
Token Unlocking: $47 million worth of IMX tokens will be unlocked on September 6. All of these tokens are allocated for ecosystem and project development.
*This is not investment advice.
