Wall Street is preparing to drive more tokenized assets to market this month, and two altcoins are currently on this path. One analyst listed the five most important altcoin catalysts for October, explicitly cautioning that positive news does not guarantee price increases.
5. Chainlink (LINK): Waiting for Real-World Use
Chainlink’s upgraded cross-chain protocol, CCIP 2.0, launched last week with added verification and compliance controls. The team also introduced Fulcrum, a tool enabling institutions to finance and manage collateral across blockchains 24/7. At the Sibos conference, Chainlink demonstrated cross-chain institutional financing with DTCC, stating that DTCC’s collateral application chain will utilize its execution environment.
The analyst ranked LINK fifth because these announcements have already been made. He now hopes to see institutions genuinely using this system and such activity generating demand for the token.
4. Ethereum (ETH): Glamsterdam Upgrade Enters Testnet
Ethereum's next major upgrade, Glamsterdam, is scheduled to enter the Sepolia testnet on October 6, with the mainnet date yet to be confirmed.
This upgrade changed how Ethereum generates and validates blocks, enabling more work to be processed in parallel. Analysts caution that this will not result in a tenfold speed increase overnight. A successful test will bolster market confidence in Ethereum’s roadmap, while any delays could serve as a reason for reassessment.
3. Zcash (ZEC): Two Key Dates That Will Shape November's Direction
Zcash's NU7 upgrade will also enter testnet on October 6. On October 20, the team plans to make a final decision on mainnet activation, with the current target date of November 5.
The main change is a faster block speed, with the target block time reducing from 75 seconds to approximately 25 seconds. Block rewards will also be adjusted to prevent the supply from tripling. Analysts say that if successful, the upgrade will be a step forward, but it does not prove that adoption is increasing.
2. Hyperliquid (HYPE): Buyback Meets Token Unlock
Hyperliquid currently allocates approximately 90% of the reserve earnings generated from its USDC supply to the protocol. These funds are directed to the relief fund to repurchase HYPE. The first payment took effect on October 3.
Three days from now, on October 6, a contributor token unlock will occur. Analysts note that the unlocked tokens do not necessarily have to be sold, but he also won’t assume that new buyback funds will definitely absorb any selling pressure. If HYPE can remain stable after the unlock, he believes its structure will be stronger.
1. Canton (CC): Now listed on DTCC
DTCC, located at the heart of U.S. securities clearing and settlement, aims to launch its tokenization service during the last week of October. In July of this year, DTCC successfully converted assets into tokens and used them in real transactions involving Canton, covering collateral, securities lending, government bonds, and equities.
The London Stock Exchange Group also became a super validator for Canton at the end of September. Network fees are paid by burning CC tokens, linking network usage to token supply.
Analysts identified three risks: the exact launch date has not been confirmed, DTCC is collaborating with multiple blockchains, and CC's price has already declined prior to the soft launch.
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