At 11:27 on December 22, we ushered in the "Winter Solstice Solar Term". The winter solstice means that the cold is coming, and the coldest "nine cold days" of the year have arrived. 
On December 22, the overall crypto market continued to have high sentiment and continued to maintain its momentum, but the main force shifted from BTC ecology to ETH ecology. As of the deadline, BTC fell slightly by less than 05%, to around $43,650, ETH** exceeded 3%, and the highest exceeded $2,330. It is worth noting that ARB OP, the two major tokens of the Layer2 ecology that the coin thunder rod has been advocating, has finally ushered in a sharp rise, and as of now, ARB** has exceeded 19% and risen to 1Around $35;OP rose more than 23% to 2Around $95.
Through ETH's **, we can roughly confirm that the "positive expectations" brought about by the Ethereum Cancun upgrade have driven a sharp rise in Layer 2 network tokens, including ARB and OP.
According to the news on the evening of December 21, local time, Ethereum developers said in the latest developer meeting that they plan to run Dencun on the Goerli test network on January 17, and this upgrade is expected to reduce the fees of the second layer rollup and scale the blockchain by adding data blobs. The developers are also working on a testing schedule for the Dencun upgrade, with plans to run another testnet, Sepolia, on January 31, and the Holesky testnet on February 7, before expecting to deploy the changes to the main network at the end of February, which may change due to the results of the testnet fork. The developers also discussed the performance of the second Goerli shadow fork, the precompiled address range for Layer 2, and what to expect from the Prague Electra upgrade. The meeting also confirmed that the next ACDE meeting will be held on January 4. It has been officially announced that the "approximate time" of the Ethereum Cancun upgrade (DENCUN) has finally been finalized after several delays. In the previous article, the Coin Thunder Rod has used more than a dozen articles to describe and emphasize the importance of this upgrade, among which the main catalyst EIP-4844 upgrade will greatly promote the development of Layer 2 networks.
It can be said that the deployment of EIP-4844 will bring the technical level of crypto transactions "from muddy paths to highways", which is expected to completely change the current situation of "on-chain network transaction congestion". Of course, it is also extremely difficult to pull transactions to the Layer 2 network, as the CEO of Coinbase recently said, "We need to have 99% of transactions happen in L2 to achieve performance targets of less than 1 cent and 1 second." This was clearly a very challenging "task". At the same time, the "linear" unlocking of ARB OP layer 2 tokens will also hinder related tokens to a certain extent***
On August 20, according to Token Unlocks, Arbitrum will launch on March 16, 2024 with 1$12 market** unlocked worth $12$400 million of 11100,000,000,000 ARB tokens. The unlocked amount is equivalent to 1287% of 7.5 billion. As of press time, more than 5 billion ARB tokens are still locked. In addition, Token Unlocks noted in a tweet that following the unlocking on March 16, Arbitrum will unlock more ARB from the 16th of each month for the next 4 years. The OP is in a similar situation. Coin Thunder Rods believes that the ARB OP token** will be mainly affected by the amount of TVL (Total Value Locked) of the Ethereum Layer 2 network, or the total transaction liquidity of the Layer 2 network better understood, and there is an "inevitable" relationship with the unlocking of the token. Therefore, Coin Thunder Rods believes that the development of Layer 2 network tokens may be a "more cyclical" transaction, similar to RWA (real world assets), which is a long-term "valuable" investment. At the same time, the coin thunder rod firmly believes that this is also a "hundred-fold coin track", and ETH may use this to "regain market share" or even "par" with BTC. As for some friends' questions about the sale of SOL by Arthur Hayes, the founder of the BitMEX exchange, the coin thunderbolt can only say that it will have some impact in the short term, but it is also a fact that he often "sells off".
Notably, Bitcoin whales have sold about 50,000 BTC worth about $2.2 billion in the past week, according to data monitored by on-chain analyst Ali. This may mean that the "escape from the top" of the institutional whale that the coin thunder rod has been emphasizing has already begun.
Coin Thunder Rod Edit.
The above are personal opinions and do not !! investment advice
Thanks for your attention,Those who have different opinions are welcome to exchange !! private message