These Major Events are Going to Shake Up the Crypto Market This Week!

The crypto world is gearing up for a week filled with major events. Indeed, several highly anticipated launches and significant token unlocks are on the agenda. These developments could have a significant impact on the cryptocurrency market in the coming days.

The launch of new revolutionary crypto platforms

On July 29, pSTAKE launches version 1 of its liquid staking platform for Bitcoin. This new protocol allows BTC holders to stake their cryptos while retaining custody.

Additionally, pSTAKE plans to launch a promotional campaign in August. This will offer boosted pSats and additional rewards via Babylon. However, the protocol initially limits deposits to 50 BTC for security reasons. Crypto withdrawals are expected to be enabled in the following weeks.

Router Chain connects ecosystems

July 30 marks another important date with the launch of Router Chain’s mainnet. This layer 1 blockchain aims to enable large-scale cross-chain abstraction. Indeed, it aims to connect more than 150 different blockchain ecosystems. Among these are EVM-compatible and non-EVM crypto networks, as well as L2 and L3 scalability solutions.

Furthermore, the Router Chain team is actively working on integrations with major blockchains like Bitcoin, Solana, and Osmosis.

Other promising launches

Drift Protocol is also set to enter the prediction market on Solana. Although the exact date remains to be confirmed, the launch seems imminent. Additionally, Eclipse, an Ethereum L2 scalability solution, is expected to launch its mainnet this week after successfully passing an OtterSec audit. This ambitious crypto project combines several cutting-edge technologies to become the “fastest and most universal” L2.

Crypto token unlocks to watch closely

On August 3, a major event awaits the crypto market with the unlocking of 600 million W tokens from Wormhole. This represents no less than 33.33% of the circulating supply, with an estimated value of 176 million dollars. Such an influx of liquidity could have a significant impact on the token’s price. Optimism (OP) and Sui are also among the important cryptos that will see a portion of their tokens unlocked this week.

This week therefore promises to be rich in developments for the crypto ecosystem. The launches of innovative new platforms like pSTAKE BTC and Router Chain could attract many users. Additionally, major token unlocks like Wormhole are likely to significantly impact the market. Therefore, crypto investors and enthusiasts will remain attentive to these events that could shape trends in the coming days.