The Third-Place Mirage: Why ChainX’s TVL Rally Is a Shorting Opportunity
The market erupted when ChainX claimed the #3 spot in Layer 2 TVL last week....
Block reward halving event
Independent validator client goes live on mainnet
Block reward reduced to 3.125 BTC
Improves data availability sampling efficiency
92 million ARB released
Team and early investor shares released
Raises validator limit and account abstraction
Circulating supply increases by about 2%
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Extreme Fear
Market Sentiment
Bitcoin Season
| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$66,276.1 |
| 1 |
Ethereum
ETH
|
$1,922.52 |
| 1 |
Solana
SOL
|
$78.03 |
| 1 |
BNB Chain
BNB
|
$573 |
| 1 |
XRP Ledger
XRP
|
$1.14 |
| 1 |
Dogecoin
DOGE
|
$0.0733 |
| 1 |
Cardano
ADA
|
$0.1728 |
| 1 |
Avalanche
AVAX
|
$6.55 |
| 1 |
Polkadot
DOT
|
$0.8472 |
| 1 |
Chainlink
LINK
|
$8.62 |