DeFi Researcher Ignas Shares Insights on Upcoming Crypto Catalysts Expected to Ignite Internal Dynamics

Recently, DeFi researcher Ignas shared his insights on X: while personally believing that the current crypto bull run is mostly driven by external macro

Ignas, a researcher in the field of decentralized finance (DeFi), recently shared his insights on the factors driving the current crypto bull run and highlighted several upcoming launches and events that could significantly impact the market. Here's a summary of his key observations:

- While external macro factors are playing a substantial role in the bull run, Ignas believes that several launches and events within the crypto space itself are poised to further amplify its internal dynamics.

- Monad, a highly anticipated L1, is expected to go live on its mainnet in 2024. Its success hinges on attracting unique dApps and avoiding the fate of becoming just another low-float, high-FDV alt-L1.

- MegaETH, aiming to launch its mainnet by the end of 2024, is positioned as a versatile L2 solution with claims of 100,000 TPS and 1ms block times. However, there are doubts if the company can live up to these high expectations.

- Symbiotic is another project on Ignas's radar, with expectations of a mainnet launch in Q3. It might capture the restaking hype with its TGE.

- The Ethereum Pectra upgrade, slated for Q1 2025, is on Ignas's radar, particularly because of EIP-7700's potential to streamline token approvals and its possible impact on ETH's price.

- Fantom is undergoing an internal rebranding to Sonic, complete with a new token ($S) and chart, in a bid to breathe new life into its narrative.

- Maker is pivoting towards NewGovToken and NewStableToken in a move that could clear up its complicated structure and positively affect DAI supply growth.

- Pudgy Penguin's L2 platform and Sony's Soneium launch could herald a new monetization model for the AI era.

- Fractal Bitcoin and OP_CAT advances are rekindling interest in Bitcoin's native ecosystem.

- Stacks' Nakamoto upgrade is expected to hit in the next few days, which could lead to more users and TVL.

- Coinbase's cbBTC launch is another development to watch, as the management of wBTC changes hands and might lock up significant TVL in the process.

- Ignas believes that if the Uniswap protocol introduced $UNI fee sharing, it would bring back real yield interests in DeFi. Ignas had even come out openly as a delegate for Uniswap DAO in support for this suggestion and called on people to delegate their $UNI tokens to him.

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