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Sonic Labs Set to Launch L1 Mainnet in December Amid Crypto Eventful Week
Sonic Mainnet Launching Soon
Sonic Labs, previously known as Fantom, is gearing up for the release of its highly anticipated Layer-1 mainnet in December. This event is expected to usher in a new era for developers with enticing incentives and robust infrastructure. While an exact launch date is yet to be confirmed, the company’s recent social media teasers have sparked significant excitement and anticipation.
Avalanche Unveils Etna Upgrade
The blockchain network Avalanche has introduced its Etna upgrade on the testnet, paving the way for its imminent release on the mainnet. This upgrade marks a crucial step towards the launch of Avalanche 9000, the platform’s most extensive update to date. The upgrade aims to provide L1 creators with enhanced control over their networks, allowing for custom staking mechanisms and unique governance models tailored to specific use cases.
Jupiter’s Jupuary Airdrop Voting Begins
Jupiter, a decentralized exchange built on Solana, has initiated the first round of voting for its Jupuary airdrop. Community members are tasked with deciding on the allocation of significant airdrops to boost engagement within the platform. The success of these airdrops hinges on achieving a 70% community approval rate, with the ultimate goal of building a thriving decentralized community ecosystem.
Starknet Launches STRK Token Staking
Starknet, a permissionless ZK-Rollup network, has rolled out staking support for its STRK token. The deployment of staking infrastructure marks the beginning of Starknet’s transition into a Proof-of-Stake network through a series of test experiments. Validators are now invited to integrate with the platform, while user-friendly interfaces for Delegators will be made available shortly.
Stacks to Unveil sBTC Launch Timeline
The Bitcoin L2 platform Stacks is expected to reveal a detailed timeline for the launch of its sBTC Bitcoin-backed asset. This new offering seeks to open up novel avenues for Bitcoin in non-traditional DeFi applications, with a focus on expanding the possibilities for the leading cryptocurrency within the decentralized finance space.
In addition to these developments, the cryptocurrency market is closely watching Bitcoin’s ascent towards the highly anticipated $100,000 milestone. Despite minor market corrections, Bitcoin continues to push new all-time highs, with the community eagerly anticipating its potential surge past six figures ahead of the upcoming holiday season.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
