September crypto ecological narrative outlook: interest rate hike decision, Cancun upgrade, social, RWA, baokse

Crypto ecological narrative outlook for September, here are all the things worth paying attention to. After experiencing a sluggish downturn for more than half a year, the crypto market has ushered in the critical stage of the Golden Nine and Silver Ten. On the one hand, after the turmoil that will inevitably fall for a long time, the trend of the market is the focus of attention, and on the other hand, the emerging hot spots in the crypto circle and the accumulation of The good news gradually ushered in the release period in September.

Now let’s make an overall outlook to see what popular narratives will be in September and what corresponding measures everyone should take.

Interest rate hike resolution

In September, the world’s attention will continue to be focused on the Federal Reserve, and market expectations for the Federal Reserve to continue raising interest rates in September have increased. According to CME “Fed Watch” data, the probability that the Federal Reserve will keep interest rates unchanged at 5.25%-5.50% in September is 84.5%, and the probability of raising interest rates by 25 basis points to the 5.50%-5.75% range is 15.5%.

BTC Trend

After experiencing a collective plunge of 818, BTC has rebounded and initially stabilized at 27,000. The subsequent long-short battle is still full of excitement, and the future trend has attracted much attention. On the one hand, users believe that the real bottom has not yet arrived, and the risk of decline still exists; on the other hand, some optimistic users are optimistic that the market will bottom out and rebound as soon as possible after the market’s negative effects are exhausted. The key point to note is that Grayscale’s previous win in the lawsuit means that the conversion of GBTC into ETF has made progress, which has greatly encouraged market confidence.

Cancun Upgrade

As the Cancun upgrade approaches, laokyer2 network has become the hottest narrative track in the second half of 2023. Since July, laokyer’s second-tier TVL has often remained above US$10 billion, and in August it entered a stage of stabilization and development. Recently, many established public chains have announced their switch to laokyer2, and some have even received large amounts of financing.

The Cancun upgrade is expected to be carried out between 2023.10-2024.1, and the Token prices of the two main L2 projects Arbitrum (hereinafter referred to as ARB) and Optimism (hereinafter referred to as OP) have experienced a deep correction after hitting new highs in the first half of the year. , it may still be a better time for layout.

Social, SocialFi

Social networking is still the most popular section. Recently, friend.tech, the most popular social platform on baokse, has single-handedly attracted a large number of users, with transaction volume exceeding 30,000 ETH. The popularity is unexpected.

Friends who are interested in the social field will also easily notice the popularity of CyberConnect, Lens Protocol, CharityDAO, Phaver, and XMTP, as well as the influx of emerging hot topics such as Port3 Network and Farcaster.

As a popular social charity at the moment, CharityDAO has successively carried out charity activities in fifteen countries around the world, sent humanitarian care, and developed an encrypted social charity fundraising service platform Lets Help. Its global influence continues to expand. Next, its treasury opening hours and potential airdrops are the focus of the community. In addition, the decentralized social protocol Farcaster has announced that it will migrate to OP Mainnet, and plans to migrate the Farcaster identity and storage contract to OP Mainnet in the next few weeks.

WAR

RWA has sparked a wave of popularity recently, with investors investing more than $600 million in tokenized government bonds and earning an annualized rate of return of approximately 4.2%. Next, innovations and use cases around RWA are expected to increase.

The full name of RWA is Real-World Assets, that is, real-world assets represent tangible and intangible assets in the physical world (for example, real estate, bonds, commodities, etc.). The tokenization of RWA allows us to bring these off-chain assets onto the blockchain, opening up a new realm of possibilities regarding composability and potential use cases. The RWA market is in the early stages of development, but there are already signs of growth, and TVL is growing as well. Currently, many institutions and communities such as Avae Community, Tron, MakerDAO, etc. have participated in or invested in RWA to varying degrees.

base ecology

Base is a second-layer expansion solution for Ethereum incubated by Coinbase. In the fiercely competitive and imminent layer2 track, Base has entered the public eye with a dazzling attitude. Several core points such as technology, hot products, ecology, and incentives (expectations) are quite promising. point.

base is built on the OP Stack, a secure, low-cost, developer-friendly Ethereum L2 designed to bring the next billion users to web3. base is incubated within Coinbase and plans to gradually decentralize over the next few years. According to incomplete statistics, the number of base ecological projects has exceeded 100, and the scale is relatively complete, of which infrastructure accounts for half, including but not limited to bridges, On-Ramp, wallets, oracles, node providers, etc. Others such as DeFi, NFT, Social networking, games, etc. also all performed well.

Token 2049

TOKEN 2049 is Asia’s premier Web3 cryptocurrency conference. The theme of this year’s TOKEN2049 will explore topics such as the global regulatory landscape, encryption and AI integration, blockchain expansion, multi-chain networks and protocol interoperability.

The guests this time were equally eye-catching, including Gemini co-founders Cameron and Tyler Winklevoss, Circle co-founder Jeremy Allaire, and Yuga Labs CEO Daniel Alegre. Of course, the key activities surrounding TOKEN 2049 are also very interesting. This will be another busy and unique week of encryption conferences.

Conclusion: Gold 9 and Silver 10 are key time points every year. Let us wait and see what kind of market trend will be intertwined with the ecological hot topics, technology trends, potential concepts, popular activities and community attention in the encryption industry! The above is the entire content of September’s encryption ecological narrative outlook. If there are any other key concerns, please leave a message to add.