Crypto September Spark: Key Catalysts to Keep an Eye On

• Crypto enthusiasts brace for a dynamic September fueled by transformative catalysts and debates sparked by Thor Hartvigsen’s tweet.
• September’s spotlight shines on the pending Bitcoin ETF decision, potentially driven by Grayscale’s SEC victory.
• dYdX’s V4 introduces DYDX revenue sharing, Base Protocol hits $400M TVL, and September’s crypto conferences ignite innovation.

Cryptocurrency enthusiasts are bracing themselves for an eventful September as the digital asset landscape awaits a series of transformative catalysts. The recent tweet by Thor Hartvigsen, a distinguished DeFi researcher and analyst, accentuates the ongoing conversations and debates permeating the crypto sphere, further fueling the ever-growing fascination with this dynamic ecosystem.

September is poised to be a month of significant developments. The impending decision on Bitcoin Exchange-Traded Funds (ETFs) is among the most eagerly anticipated events. According to JPMorgan, the recent triumph of Grayscale in its legal battle against the Securities Exchange and Commission (SEC) may force the regulatory body’s hand to approve spot Bitcoin ETFs. With several ETF decisions recently postponed, all eyes are on the second deadline, set for mid-October.

In late September or early October, DYDX is set to roll out its V4 on the Cosmos app chain, ushering in revolutionary features like an in-memory order book overseen by DYDX chain validators. Notably, trading revenue would shift away from centralized entities like DYDX Trading Inc. as the advent of DYDX revenue sharing looms. Growth is a formidable catalyst with a market cap of $362 million and a fully diluted valuation reaching $2.09 billion.

The analyst also shed light on Base Protocol, which has achieved a remarkable feat in just a month since its launch, managing to lock in a Total Value of $400 million. Most of the liquidity, amounting to $190 million, is currently housed in Aerodrome, which has been in the limelight due to its incentivized farms and token airdrop. The Total Value Locked (TVL) may remain stable at this level as more farming opportunities become available on Aerodrome. Adding several well-known protocols to Base is expected to attract more liquidity throughout September. Notable projects integrated with Base include Curve, Uniswap, 1Inch, and Aave.

September is primed for a series of cryptocurrency conferences known for unveiling transformative updates within the industry. From September 4 to 10, Korea Blockchain Week promises to spotlight pioneering advancements in the blockchain realm. 

From September 11 to 13, the world’s largest DeFi event, Permissionless takes the spotlight as the epicenter of crypto innovation. And on September 13 and 14, Token2049 stands out as the platform for in-depth discussions about the future of tokens and blockchain technology.

Radiant Capital, a cross-chain lending and borrowing market powered by LayerZero, is poised to make waves as it launches on the Ethereum mainnet on October 3. With Ethereum hosting the majority of DeFi liquidity, this move could usher in significant inflows.