This week, the Crypto calendar is packed with big events, as Sonic Labs prepares to launch the L1 mainnet, the Avalanche Etna update is deployed, Jupuary begins voting for Jupiter, and much more. position.
Additionally, Starknet will soon begin staking the STRK Token, and the Stacks Foundation will announce a schedule for its Bitcoin-backed asset, sBTC.
Sonic Mainnet Will Launch in October February
Sonic Labs (formerly known as Fantom) has been several times confirm in recent weeks that their L1 mainnet will launch in October two. This EVM platform, also known as Sonic, will provide developers with attractive incentives and powerful infrastructure.
However, the company is yet to confirm the exact launch date. A social media post this morning revealed some details.
“Tired of waiting months or years for empty ‘promises’ of launch, and you’re ready to show the world your power? Come launch with us on Sonic. Our mainnet will go live this October. Earn up to 90% of your application fees. Real 10K with sub-second settlement. Secure gateway to Ethereum. Support is available through the Innovator Grant. 200 million USD S airdrop,” Sonic Labs wrote on X (used to be Twitter).
These trickle of announcements, along with Sonic Lab’s airdrop, have generated significant interest over the past few days. Sonic’s FTM token is also performing well, up more than 30% in the past week as the mainnet launch date nears. The network’s post-launch success could determine larger trends in FTM valuations.
Avalanche Etna Live
Blockchain network Avalanche launched the Etna upgrade on testnet today. After this phase, Etna will launch on the mainnet, step Final before the company rolled out its “biggest upgrade ever.” This upgrade, the Avalanche 9,000, will disrupt platform technology, and Avalanche Labs co-founder Kevin Sekniqi recently said: discuss about its importance:
“My excitement for the mainnet deployment truly cannot be overstated. This vision has been in development for many years. Huge upgrade, and I expect and hope that it will spark a golden age of L1s, making ‘scalability increases’ a thing of the past. It’s no longer ‘how to scale’ but now ‘ok, what will I build to get 1 billion users?’” Sekniqi asserts.
The Etna upgrade empowers L1 creators with more control over their network. Developers can now define custom staking mechanisms, choose alternative gas tokens, and implement unique governance models tailored to their specific use cases.
Jubilee of Jupiter Voting Begins
Jupiter, a decentralized exchange based on Solana, has started the first round of voting for “Jupiter” airdrop today.
Jupiter has essentially opened a vote to the community on whether to do a large number of airdrops or not. These airdrops require 70% consensus from the community, with the goal of building participation.
“This current vote is to test whether the community is comfortable with 2 additional rounds of JUPuaries, each of 700 million JUP Tokens. Building a decentralized community has never been an easy task. Jup by Jup, you and I should strive to make JUP the best governance token in the world and JUP the best community ever,” said one influencer wrote on X (formerly Twitter).
This is not the first time the platform has organized a Jupuary airdrop, but it is the largest. The developers say that this airdrop mission is to “foster, decentralize, unify” their broader community ecosystem. If the first vote passes, it will lead to another round of airdrops and further votes until they fail to reach consensus.
Starknet Starts Betting
Starknet, a permissionless ZK-Rollup solution, will begin staking its STRK Token this week. It was deployment Mainnet staking infrastructure this morning. This will begin the platform’s overall transition to a Proof-of-Stake network through four preliminary testing phases.
“The validator tool is now live, and validators are invited to begin integration. As for Delegator, the user interface and dApps for delegation will be available tomorrow alongside the official launch. Starting tomorrow, becoming a STRK Delegator will be simple for everyone,” the company affirmed via social networks.
Stacks Will Reveal sBTC Launch Schedule
Additionally, Bitcoin L2 Stacks is expected to reveal a schedule for its Bitcoin-backed sBTC asset. The company has released a whitepaper and roadmap, but stated that a more detailed schedule will be announced soon. This new asset will seek to bring new opportunities to Bitcoin in non-traditional DeFi applications.
Finally, all eyes will be on Bitcoin as it approaches the long-awaited $100k mark. Despite short-term market corrections on Monday, Bitcoin has consistently breached new all-time high barriers. It will be interesting to see if BTC hits six-digit figures before Thanksgiving and Christmas.