Ethereum ETH March Prague Upgrade, preparing in advance for Ethereum-based altcoins

Last week, the number of Ethereum inflows to exchanges reached 325,685, while 28,083 flowed out in the recent week. However, Ethereum's price has risen more than Bitcoin's in the last two weeks. This indicates that institutions or whales are actively purchasing Ethereum; otherwise, Ethereum would not have outperformed Bitcoin in the last half month. This indirectly suggests that the altcoin season has begun, as only 90% of altcoins can hope for explosive growth in a strong Ethereum market.

Summary of Ethereum-based altcoins

ETH layer2:

ARB, OP, ZK, STRK, METIS, MANTA, CELO.MNT, MATIC, IMX, SKL, LRC, CTSI, BOBA, COMBO, MODE.

As ETH aims to become a global computer, Layer2 is responsible for supporting the prosperity of the ETH ecosystem with high TPS and low GAS.

Its importance and value are self-evident. At the same time, layer2 is the highest market cap segment in the ETH ecosystem. Most projects are also typical of the recently criticized low liquidity high FDV institutional coins. ARB, OP, and STRK are three of the four kings, with FDV exceeding 10 billion USD.

ETH staking/re-staking:

LDO, SSV, PRL, SD, FXS, ANKR, ETHEI, REZ, EIGEN

LSD protocol mainly refers to the staking services related to nodes that emerged after the ETH Shanghai upgrade transitioned from POW to POS. LDO is the largest service provider, holding the highest TVL in the network, with a circulating market cap of 2 billion. SSV is a relatively important infrastructure.

ETH veteran DEFI:

UNI, SUSHI, AAVE, COMP, CRV, MKR, LOTY

DEFI should be the most familiar to everyone. As the largest innovative sector in the last bull market, the applications of DeFi have been integrated into various aspects of on-chain daily life. Due to the maturity of DeFi, this cycle is mostly based on previous upgrades, with limited innovation.

ETH meme:

PEPE, SHIB, SPX

Meme is a very strong sector in this bull market, holding a small amount is not a problem.

Others:

PENDLE

Pendle separates tokens into principal and interest for trading future yields. Pendle has also recently experienced a dual rise in TVL and coin price, making it a relatively innovative ETH DEFI project. $BTC $ETH $XRP