Key insights

• ⚙️ The Denon upgrade on the Ethereum network presents a major opportunity in the crypto market, with a shift in trading focus towards layer 2 narrative and potential altcoin picks within this narrative.
• 📈 The surge in Ethereum's roadmap emphasizes ongoing efforts to enhance scalability and security, indicating significant developments and improvements.
• 🛠️ Key EIPs included in the Denon upgrade, such as EIP 4844, 1153, 4788, and 5656, address efficiency and introduce improvements to the Ethereum virtual machine.
• 💸 EIP-4844's introduction of blob transactions reduces gas fees on layer 2 networks by 95-99%, potentially leading to trade opportunities for specific altcoins as layer 2 networks become more cost-effective and attractive.
• 🔺 Polygon's upcoming changes and potential strong short-to-medium-term trade performance make it one of the most interesting layer 2 networks for potential investment.
• 🔄 Rebranding of the Pole ecosystem to Polygon emphasizes it being more of an ecosystem than a singular proof of stake chain, with a focus on ZK EVM and investment in ZK tech.
• 🔄 Smartex provides the best swap rates for tokens across layer twos, while COT introduces a privacy-centric layer 2 with garbled circuits, marking a unique technological feat.
• 🚀 The speaker anticipates that layer 2 ecosystems will outperform layer 1 ecosystems in the short to medium term, recommending actions like bridging to Mantle and staking ETH for potential upcoming airdrops.

Q&A

• What does the speaker recommend regarding layer 2 networks and potential airdrops?

  The speaker recommends bridging to Mantle and staking ETH due to potential upcoming airdrops. Additionally, the video highlights the increasing traction of layer 2 networks such as Man Network, StarkNet, ZKSync, and Loopring 2, along with their associated airdrop opportunities. The speaker expresses a belief that layer 2 ecosystems will outperform layer 1 ecosystems in the short to medium term.

• What trading opportunities and developments in the Layer 2 ecosystem for cryptocurrencies are mentioned in the video?

  The video mentions potential trading opportunities for K and Meta within the fast-growing Layer 2 ecosystem. It also discusses upcoming airdrop opportunities and highlights the rise of Mantle in the ecosystem. Additionally, a VPN promotion and the teasing of an upcoming development are addressed.

• What are some significant developments in layer 2 solutions highlighted in the video?

  The video discusses several significant developments in layer 2 solutions, such as upgrades, the introduction of a gaming fund and airdrops to stimulate the ecosystem, the provision of the best swap rates by Smartex for tokens across layer twos, and the introduction of a privacy-centric layer 2 by COT with garbled circuits, showcasing unique technological advancements.

• What are the key highlights of the rebranding of the Pole ecosystem to Polygon?

  The rebranding of the Pole ecosystem to Polygon signifies a shift towards being an ecosystem rather than a singular proof of stake chain. It involves the implementation of ZK EVM and CDK-based layer 2 solutions to scale the ecosystem. The focus on ZK EVM, investment in ZK technology, the support level of Matic on the Bitcoin chart, and the promotion of Bitg as an exchange for trading layer 2 assets are emphasized. Additionally, key altcoins like Arbitrum and Optimism are discussed as notable elements of the ecosystem.

• How does EIP-4844 impact layer 2 networks and altcoin trades?

  EIP-4844 brings about blob transactions, leading to a significant reduction of gas fees on layer 2 networks by 95-99%. This makes layer 2 networks more cost-effective and appealing for developers and users, thereby creating potential trade opportunities for specific altcoins. Polygon, as one of the prominent layer 2 networks, is highlighted for its upcoming changes and potential strong short-to-medium-term trade performance.

• What is the Denon upgrade on the Ethereum network?

  The Denon upgrade is a major enhancement to the Ethereum network aimed at improving scalability and security. It introduces crucial Ethereum Improvement Protocols (EIPs), including EIP 4844, 1153, 4788, and 5656, targeting efficient gas usage and advancements in the Ethereum Virtual Machine (EVM). This upgrade is expected to create trading opportunities in the layer 2 narrative and influence the performance of specific altcoins.

• 00:00 The ethereum network is undergoing a major upgrade called Denon, which is set to bring significant improvements to scalability and security. This upgrade is expected to create trading opportunities in the layer 2 narrative, with several altcoins poised to outperform. The surge in ethereum's roadmap outlines the ongoing efforts to enhance its technology and address scalability issues. The Denon upgrade includes crucial ethereum improvement protocols (EIPs) such as EIP 4844, 1153, 4788, and 5656, aiming to make gas usage more efficient and introduce improvements to the ethereum virtual machine.
• 04:47 The EIP-4844 upgrade introduces blob transactions, reducing gas fees on layer 2 networks by 95-99%. This makes layer 2 networks more cost-effective and attractive for developers and users, leading to potential trade opportunities for specific altcoins. Polygon is one of the most interesting layer 2 networks with upcoming changes and a potential strong short-to-medium-term trade performance.
• 09:17 The video discusses the rebranding of the Pole ecosystem to Polygon, the focus on ZK EVM, investment in ZK tech, and the support level of Matic on the Bitcoin chart. It also emphasizes the potential of layer 2 solutions and promotes Bitg as an exchange for trading these assets. Key altcoins like Arbitrum and Optimism are also mentioned.
• 13:16 Layer 2 solutions like Arbitrum and Optimism are gaining traction due to upgrades, gaming fund, and airdrops. Smartex offers the best swap rate for tokens across layer twos. COT introduces a privacy-centric layer 2 with garbled circuits, marking a unique technological feat.
• 17:30 The video discusses the potential trading opportunities and developments in the Layer 2 ecosystem for cryptocurrencies. Key points include potential trades for K, Meta, and upcoming airdrop opportunities within the fast-growing Layer 2 ecosystem. Additionally, a VPN promotion and the rise of Mantle in the ecosystem are highlighted.
• 21:41 The speaker recommends bridging to Mantle and staking ETH due to potential upcoming airdrops. Layer 2 networks like Man Network, StarkNet, ZKSync, and Loopring 2 are gaining traction with airdrop opportunities. The speaker believes layer 2 ecosystems will outperform layer 1 ecosystems in the short to medium term.