As the cryptocurrency market enters a new week, analysts have begun listing key developments that investors should closely monitor.
The DeFi Investor, known for his market analysis, stated that critical issues will emerge in the coming days, both in altcoin projects and on the macro front.
According to the analyst’s weekly watchlist, the Solana ecosystem is particularly noteworthy. The Solana Summit event, starting on April 13th, could see significant announcements from the network’s developer community and new projects. Meanwhile, activity continues on the Ethereum side as well. The devnet for the “Glamsterdam” update, considered the network’s next major upgrade, is expected to be deployed next week.
For Hyperliquid (HYPE), a prominent player in the derivatives and DEX market, a new revenue model is on the agenda. The platform plans to diversify its revenue streams by soon implementing a “priority fee” system.
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Another notable development in the DeFi ecosystem is the collaboration between MegaETH and Aave. MegaETH has signaled it will launch an incentive program to attract Aave users to its network. Additionally, Theo Network is preparing to launch a new stablecoin called “thUSD,” based on a gold-backed delta-neutral strategy and offering yield.
Polymarket, one of the leading platforms in the prediction market, is also planning to completely revamp its trading infrastructure in the coming weeks by launching its own stablecoin.
The decentralized derivatives exchange GMX is preparing to gradually roll out its new 24/7 trading markets covering real-world assets (RWA).
On the other hand, not only crypto projects but also macroeconomic developments are on the markets’ radar. Meetings hosted by the United Kingdom, with the participation of 41 countries, will address steps to resolve uncertainties surrounding the Strait of Hormuz, which is critical to global energy trade.
*This is not investment advice.
Continue Reading: These Are the Things to Watch in Altcoins This Week