This Week's Token Watch: Polygon to Make Major Announcement, Osmosis Shows Strong Recent Data
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This Week's Token Watch: Polygon to Make Major Announcement, Osmosis Shows Strong Recent Data
Polygon will make a major announcement on November 14. Previously, it was reported that POL will gradually replace MATIC over the next four years.
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TechFlow selects the most noteworthy tokens each week, highlighting the catalysts behind them.
$BTC
The SEC has an opportunity to approve certain spot BTC ETFs on November 17, primarily the spot Bitcoin ETF applications submitted by Franklin and Hashdex.
$MATIC
Polygon will make a major announcement on November 14. Previous reports indicated that POL will gradually replace MATIC over the next four years.
$CAKE
The vCAKE veTokenomics upgrade will launch this month. CAKE holders will gain greater governance power, and the upgrade will also help reduce inflation and circulating supply.
$GMT / $RON/$IMX
StepN's game Gas Hero Beta test will begin on November 24. Ronin Network has benefited from the pixel-style farm-to-earn blockchain game Pixels, which has seen a sharp surge in DAU. Wild Forest is currently in a thriving public testing phase.
Previously, Immutable X announced a strategic partnership with Ubisoft and has also benefited from the strong performance of Illuvium, a AAA title on its platform.
Overall, the blockchain gaming sector is relatively strong.
$OSMO
Recently, Osmosis has performed impressively, with over $384 million in IBC transaction volume in the past 30 days, capturing more than 35% market share in IBC transactions. DEX trading volume on Osmosis surged by 108%, and daily active users increased by 122%. A few months ago, Osmosis launched its Tokenomics 2.0 upgrade, aiming to reduce token inflation by 50%. Whether it’s Kuji, INJ, or RUNE, the entire Cosmos ecosystem has delivered strong performance, further boosting attention toward Osmosis.
$BNT
Bancor's buyback and burn program starts on the 13th, using 32 ETH weekly for a total of 1,800 ETH.
$VELA
Vela Exchange launches a trading competition from November 13 to December 13 with a prize pool of 90,000 ARB.
$AVAX
Coinbase will offer SOL and AVAX futures on November 14; recently Avalanche announced a 12-week accelerator called Codebase, designed specifically for early-stage founders; a blockchain week event was recently held in Turkey, where AVAX is the most popular cryptocurrency (the founder is Turkish).
Additionally, Solana's strong performance has renewed interest in new public chains, bringing attention to Avax as well.
$CYBER, $APE, $ROSE
This week, CYBER, APE, and ROSE will undergo significant one-time token unlocks, releasing a total value exceeding $48 million. Specifically:
On November 15 at 10:14, CyberConnect will unlock 1.26 million CYBER (approximately $8.34 million), representing 11.43% of circulating supply;
On November 16 at 16:00, Flow will unlock 2.6 million FLOW (approximately $1.81 million), representing 0.25% of circulating supply;
On November 17 at 16:00, ApeCoin will unlock 15.6 million APE (approximately $23.25 million), representing 4.23% of circulating supply;
On November 19 at 20:00, Oasis Network will unlock 196 million ROSE (approximately $14.5 million), representing 3.9% of circulating supply;
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