An Ape’s Prologue Monthly (2 Feb)

An Ape's Prologue

Feb 2

NFT Season could be started by the upcoming $BLUR and $SUDO airdrops and Amazon's marketplace launch; this would be favorable for the tokens $LOOKS, $XMON, $X2Y2, $NFTB, $JPEG, $BEND, $NFTX

ZK-season will likely be sparked by $MATIC's zk-EVM mainnet launch, which is rumored to happen by February. This would also benefit the tokens $LRC, $MINA, $IMX, $DUSK
After the successful $AAVE's V3 launch on Ethereum, other LSDs are expected to be deployed. There are three ongoing proposals to deploy rETH, sfrxETH, and cbETH. Also, the $GHO's stablecoin tesnet is rumored to launch in February
$STG v2 ongoing proposal to re-issue a new token and airdrop to all STG holders, removing Alameda’s tokens and effectively reducing the total supply by 10%
$OP ongoing proposal to approve the Bedrock Upgrade, which will drastically lower gas fees and allow the usage of zero-knowledge proofs
$SNX v3 launch is up for vote, this would allow Synthetix to be the backbone of the decentralized derivatives landscape by essentially being the DeFi liquidity hub
$FXS is almost the third largest LSD one month after launching frxETH. It can offer the most attractive yield by leveraging its strong position on Curve. It will also launch frxBTC soon, offering an alternative to Ren Protocol which has shut down
$CFX to improve tokenomics by increasing its burn rates. Recently, it was also integrated into the Chinese Instagram which has 200m users, and the Shangai government invested $5M in it
$ATOM interchain security is a major upgrade that will enable smaller chains to inherit the Cosmos Hub’s security in exchange for $ATOM
$DOGE and $MASK may catch a bid after Elon Musk's talks of enabling crypto payments on Twitter
ETHDenver starts on February 25th. It is the largest Ethereum conference, and teams could be holding out to release big announcements there
$FOLD to integrate Sushiguard, returning 50% of the revenue to stakers in USDC. It is estimated that the APR could be as large as 35%
$CRV crvUSD stablecoin's expected to launch sometime in February
$rDPX v2 expected soon, this upgrade will enable synthetic assets and improved tokenomics
With the surge of generative AI, projects such as $IMGNAI and $CAI may have a sustained momentum going forward
$NXM ongoing proposal to approve the V2 protocol upgrade, which will introduce a decentralized insurance protocol. It ends on February 2nd
$ANGLO to launch a stablecoin backed by gold. It is the issuer of the most liquid Euro stablecoin on Ethereum, agEUR
$DESO hard fork on February 6th, a major upgrade featuring new on-chain social features
$FIL FEVM to be released in February
Shade Protocol, a privacy-focused DEX built on top of $SECRET, is launching on February 7th
$1INCH ongoing proposal to create an NFT marketplace
$METIS, AAVE v3 to be deployed on Metis Andromeda mainnet