Cryptocurrency expert tells about the key cryptocurrency projects of the week

Cryptocurrency industry researcher and journalist Colin Wu has published a weekly report on key market news. The media outlet noted several upcoming releases.

Base Chain will open a public network on August 9. The launch of the public version will coincide with the start of the Onchain Summer event. Currently, the total value of the Base Bridge (TVB) is $ 87.94 million.

The developers of the 2nd level (L2) opBNB blockchain said that the launch of their main network is scheduled for mid-August 2023. Initially, it will be open to infrastructure providers, and later to the general public.

The global launch will take place no later than September this year. Before the official launch, the developers will conduct in-depth testing of usability, performance, transaction costs, and network security. In addition, opBNB will also introduce various grant programs and funding mechanisms to promote the development of the ecosystem.

In turn, GMX developers presented a test version of GMX v2. The protocol works in the main Arbitrum and Avalanche networks. This update provides support for trading new digital assets. The update also includes different types of collateral for market positions, increasing speed and reducing slippage. Transaction fees have been reduced and will now range from 0.05% to 0.07%.

In addition, v2 offers isolated pools, incentives for long and short balances, and swap incentives for liquidity providers. As before, the new version uses the oracle system. The next stage will include an update that includes Chainlink support.

Finally, the creators of Sei have announced that the Atlantic-2 test network will be the fastest among all known blockchains in terms of transaction verification time. Its nodes are already located in 12 countries on 3 continents. According to the developers, the main network is already fully ready for launch.