Hello everyone, I am Crypto Mubai. As an old investor and analyst in the market, everyone affectionately calls me Dabai.
Dabai is also a senior analyst and one of the founders of Daxigua Community Spot and Heyue Layout in the blockchain market! The winning rate is as high as over 96%!
The Daxigua community is committed to tracking the most cutting-edge and in-depth blockchain news. If you want to keep up with the pace of the industry, just follow Dabai and the Daxigua community. If you feel confused, Dabai and the Daxigua community are here to give you direction.
Well, Dabai’s self-introduction is over. Let’s follow Dabai to see whether the Dencun upgrade can promote the “return of the king” of Ethereum? How to layout the L2 sector?
1. Why is Dencun upgrade important?
Ethereum founder Vitalik Buterin once outlined the future Ethereum 2.0 upgrade route in six concise stages: The Merge, The Surge, The Scourge, The Verge, The Purge, and The Splurge. Each stage revolves around the upgrade of a specific theme and function.
The most important achievement of The Merge is to convert Ethereum from a PoW mechanism to a PoS mechanism. With the success of this upgrade, many analysts in the market believed that Ethereum would surpass Bitcoin in the next bull market.
However, with the birth of Bitcoin Ordinals protocol and others, Bitcoin became popular.
In contrast, the significance of the Dencun upgrade is almost equally significant, and its essence is a very important part of The Surge stage.
The Surge is ultimately about solving the scalability problem that has plagued blockchain technology since its inception, so that its performance can eventually reach 100,000 TPS, close to the speed of traditional electronic payments (such as visas), and this upgrade is achieved through Danksharding ("DS", i.e. sharding). Proto-Danksharding (EIP-4844) is the first step of Danksharding, and an important step of Deneb-Cancun (i.e. Cancun upgrade), and an important step for Ethereum to implement sharding mechanism and complete the expansion roadmap.
Note: Dencun is a compound word composed of Cancun and Deneb. Cancun represents the execution layer upgrade of Ethereum, while Deneb represents the protocol layer upgrade.
2. Which tracks will be greatly changed by the Decun upgrade?
The most beneficial sector of Cancun’s upgrade is of course the L2 sector!
The following are the relevant types of L2 sector, which can be observed and arranged:
Second layer public chain:#OP ARB
Loan: RDNT SONNE
Game: IMX MAGIC
LSD:PENDLE
AI:WLD
Peaceful: PERP GMX
DEX:VELO
Asset Management: SNX
MEME: AIDOGE
Old second floor: CKB LRC BOBA MATIC METIS
1. ETH is the biggest beneficiary of the Cancun upgrade
2. ARB OP in L2 projects. They are the beneficiaries of the Cancun upgrade in the market consensus. 3. RUNE AXL STG CELER SYN, the leader in cross-chain bridges. Now ignored by the market. If the gas fee and confirmation time of cross-chain bridges increase beyond expectations after the Cancun upgrade, this sector will likely gain Alpha benefits.
4. AA Wallet TWT SFP C98. It is expected that the interactive experience of AA Wallet will also benefit from the Cancun upgrade, and may see improvements beyond market expectations. Unfortunately, the wallet has not been paid much attention by mainstream funds, and it is lightly configured.
5. Decentralized storage network FIL AR. The market has almost completely ignored the fact that decentralized storage networks will also benefit from the Cancun upgrade, and it is uncertain whether the market will eventually recognize and accept this fact.
Modular blockchain, full-chain games, Layer 3, and Cancun upgrades will also bring great changes to it!
You can pay attention to the relevant track information!
Ethereum core developers have previously stated that the Dencun upgrade will not be carried out by the end of this year.
On December 1, Christine Kim, vice president of research at Galaxy, wrote that the Dencun upgrade was activated on Devnet#12on November 30.
Some analysts pointed out that the Dencun upgrade is likely to be in the first quarter of next year. Judging from the time and current progress, it is very likely to be in the first quarter of next year. In addition, according to documents disclosed by Bloomberg analysts, BlackRock registered the Ethereum Trust in Delaware, and the registered entity is called ISHARES ETHEREUM TRUST.
This means that once the Bitcoin ETF is launched, the Ethereum ETF will also have great hype expectations.
Overall, in 2024, the Dencun upgrade is most likely to become the engine for Ethereum to return to the throne, and the Ethereum ETF will largely become a booster.
Yesterday, VIP accurately predicted the rising trend of ETH!
Let friends directly enter the market at the current price of 2243. The highest price reached was 2397, and they made a profit of 150 dollars directly!
This wave of ETH has been well grasped by VIPs! Seize the opportunity of skyrocketing directly!
This upward trend is in control!
The bull market is returning step by step, and the opportunities are in your hands!
If you miss the bull market, you will break your thigh!
Big skirts are hot!
Not only can you take your friends out to eat meat, but you can also receive red envelopes!
![](https://public.bnbstatic.com/image/pgc/202312/df5817a958f86fdf9e252addf5c53413.png)
![](https://public.bnbstatic.com/image/pgc/202312/95672dff0fbb97754b70d7195093dd30.png)
This is the atmosphere, if only it was like this! Everyone is having fun together, communicating and learning together, and eating meat together!
The bull market is coming, seize the opportunity to make a layout, don’t miss it, or you will regret it!
![](https://public.bnbstatic.com/image/pgc/202312/19912ce24d83f7c27117e880d51f5bb6.png)
There is a password every day. The market is so good, let’s make money together!
Yesterday's password#rune Let the friends eat twice as much meat, today's password#BAKE Lead the friends to eat 66% of the meat!
There will be more passwords to let you eat meat later!
![](https://public.bnbstatic.com/image/pgc/202312/70da79713137d709936883c82d6bd1e0.png)
The top team in the Daxigua community, a star lineup!!!
They are all Heyue, spot master level, and the market is known as the God of needle connection, Gua Ge
Short-term, mid-term and Yue Master: Ang Ge, Leg Brother (small cantaloupe), Rock Sugar Orange
Spot Master: Lao Bing, Da Bai
![](https://public.bnbstatic.com/image/pgc/202312/07025cf115867b6c86fdd9588fe9a081.png)
Dabai also sorted out various currency news for your reference:
Pay attention to the latest developments of Dabai in time, more spots, Heyue codes and various news for your reference!
1.ETH/BTC began to rebound, and $ETH hit a recent high, showing that ETH-Beta performed strongly. OP ARB FXS GNO
2. JTO performed strongly after listing on Binance, leading to a simultaneous rise in the SOL & LSD & LSDfi sectors. PENDLE LBR LDO SSV RPL
3.LayerZero announced the upcoming launch of its native token ZRO, with the goal of distributing it in the first half of 2024. STG RDNT
4.APE - The ApeCoin community proposes governance to build ApeChain using Arbitrum’s Orbit.
5.APT-Aptos will unlock 9% of Cir’s supply on December 11th, worth $200 million.
6.HIGH – Highstreet is listed on Bithumb and trading started at 3am UTC today.
7.MATIC - Flipkart, India's leading e-commerce and payments giant, is using Polygon's CDK to launch an ecosystem chain.
8.NEXT-Connext announced the Bacco Network mainnet upgrade on December 14.
9. PYR LAVA - Vulcan Forged announced the first VulcanVerse economic update, Merchant Phase 1, on December 13th.
10.WAVES - Waves announced the release of WAVES 1.5 node on the testnet.
11.XRP – Ripple and the Republic of Palau have completed the first phase of a stablecoin pilot.
12. Portal announced that it will hold a pre-sale event on December 14th.
13. Montenegrin court decides to extradite Terraform Labs CEO Do Kwon to the United States. LUNC LUNA USTC
Dabai recommends two currencies that have relevant benefits and can be deployed for your reference:
MTCIC current price is around 0.86
1.MATIC - Flipkart, India's leading e-commerce and payments giant, is using Polygon's CDK to launch an ecosystem chain.
2.MATIC is also a hot spot in L2. The leading L2 OP was led by Ethereum yesterday and it surged. With the Cancun upgrade approaching, it is also a good time to lay out MATIC! Waiting for the positive effects brought by the Cancun upgrade!
You can arrange spot trading, buy in lightly at the current price or wait for a correction to around 0.84-0.82 before entering the market. The upper side can be seen around 0.994-1.155!
#STG Current price around 0.5674
1.LayerZero announced that it will soon launch its native token ZRO, with the goal of distributing it in the first half of 2024. STG RDNT are both good choices for layout
2. After the Cancun upgrade, the gas fee and confirmation time of the cross-chain bridge have increased beyond expectations. This sector will have the potential to obtain Alpha returns. STG is also a popular green species in the cross-chain bridge sector. The market trend has also adjusted in place, and spot can be deployed!
The current price is light to enter or wait for a correction to around 0.554-0.539 to enter the market, and the upper side is around 0.66-0.75