Did you miss the LSD bull run before the Shanghai upgrade? Don’t worry, because the Cancun upgrade, which is good for layer2, is coming soon. Want to seize this opportunity and profit from it? This article will tell you how to do it. In short, it will make L2 10-100 times faster and cheaper.
The article is written by Binance author: Chuan Shuo Crypto. Please do not use this article to publish it on Binance Square, violators will be held accountable.
Which tokens benefit from the Cancun upgrade?
ARB, OP, DYDX ambushes in advance and so on double?
What is the Cancun Upgrade? This article will show you the positive impact!
The fast and cheap network brought by the Cancun upgrade will also promote the development of projects built on L2. Before the Cancun upgrade, L2 txs were stored in the Calldata of L1 txs. But this method is expensive and the Calldata space is limited. After the Cancun upgrade, L1 will be stored in a new location called "Blob". Blob storage is cheap and has more space.
Which tokens benefit from the Cancun upgrade?
1ARB, OP: These two are the top projects of Layer2. If there is an L2 Summer, these two tokens will definitely benefit the most. (Key Points)
2: Boba and Metis: These two are forked projects of Optimism in the early stage. The two tokens have been falling for a year, so now is a relatively good time to enter the market (medium)
3: LRC, IMX, dYdX: These are early zk projects that can develop their own application-specific Rollups and have issued tokens. They will be excellent investment targets for zkLayer 2s. (Medium)
4:MATIC: The "Polygon" currently used is not L2, but they have several ZK Layer solutions, including Polvgon ZKEVM, which has already launched the mainnet.
5: SHIB and Cult.DAO: Both have stated that they will launch Laver2 this year. If the launch is successful and the ecosystem grows, they will be included in the L2 narrative like YFI and FXS. The fast and cheap network brought by the Cancun upgrade will also promote the development of projects built on L2. For example:
GMX, GNS, RDNT, JOE, etc. in the Arb ecosystem.
SNX, PERP, KWENTA, etc. in the Op ecosystem.
CELR, DUSK, IMX, IRC, etc. in the ZK ecosystem.
Cross-chain track: such as layerzero, etc. Layer 2 is essentially multi-chain operation, so cross-chain protocols may also benefit.
Decentralized storage track: For example, Eth storage, etc. Blob data can only be stored for a short period of time, so there are problems with the call of historical data, so decentralized storage protocols will have a new development channel.
The exact time for the Cancun upgrade should be in October. #arb #op
