HYPE · HIGH impact
The crypto market sits at a total capitalization of roughly $2.77 trillion, with Bitcoin dominance near 59.3% — a reminder that BTC, alongside ETH, USDT, BNB, XRP, USDC, SOL and TRX, still anchors the asset class. Against that backdrop, the calendar ahead leans toward protocol-level development rather than pure macro catalysts. Several themes stand out. Incentive programs feature prominently, from Pendle's sUSDD launch to Stacks' 90-day DeFi push and Polygon's staking rewards boost. Infrastructure and governance also take the stage: Solana's Harmonia RFP and Alpenglow upgrade, a mainnet Protocol 28 for Pi, and a protocol merge involving AERO and VELO. Regulatory watchers may note Thailand's ETF rules touching BTC and ETH. With token events spanning listings, buybacks, vesting and airdrops, market participants will likely monitor how these scheduled developments interact with prevailing dominance trends.