This week, the crypto ecosystem sees key developments ranging from Chainlink Build projects to Injective upgrades, Cardano events, and Lido token updates. Here’s a detailed overview.
A recent blog highlighted that Chainlink Build projects are enabling their native tokens to be claimable by participants in the Chainlink ecosystem, including eligible LINK stakers.
“Chainlink Stakers will be eligible for token rewards from up to nine Chainlink Build projects over the course of the next month through the Chainlink Rewards program,” one user noted.
Previously, during Chainlink Rewards Season Genesis, Space and Time made 100 million SXT tokens available to eligible LINK stakers. Season 1 will introduce a more advanced engagement and claiming mechanism.
Highlighted projects include Dolomite (DOLO), Space and Time (SXT), XSwap, Brickken (BKN), Folks Finance (FOLKS), Mind Network (FHE), and other projects such as SUKU, TRUF, and BCUT.
The Injective ecosystem is also in focus this week. The Altria Upgrade, set for Tuesday, November 11, represents one of the network’s largest upgrades to date.
“INJ stakers overwhelmingly voted in favor to launch the most performant EVM layer yet, with real-time transaction speeds and instant finality. The new era of Injective is upon us,” Injective shared on social media recently.
Altria went live on mainnet on August 1, 2024, aiming to transform Injective in the layer-one sector. The upgrade introduces enhanced scalability and new methods for asset tokenization.
The ADA community is invited to watch the Cardano Summit on Wednesday, November 12, in Berlin. The Cardano Foundation announced the event in June, noting that over 75 speakers will explore the future of enterprise blockchain over two days.
Significant announcements during the event could influence ADA’s price, with traders already responding to anticipation.
On November 11, LDO could experience price volatility around a token holder update. Details have not been revealed, but such updates typically involve governance changes, protocol adjustments, or strategic plans.
Lido remains a major player in liquid staking, particularly for Ethereum. Any governance or tokenomics adjustments could have wider implications for the DeFi ecosystem.
Ripple may also see movement this week, influenced by the potential launch of Canary Capital’s spot XRP ETF on Thursday, November 13.
