This week, as many major projects around the world ushered in ecosystem events, altcoins remained the focus of market attention. Token unlocking, protocol upgrades and governance voting may affect market activity in the coming week. Development progress has been scheduled for multiple blockchain projects, and traders are paying close attention to these developments as market sentiment improves. Against the background of improving the cryptocurrency market environment, ecosystem development and planned agreement incidents have occurred in multiple blockchain projects, and altcoins have attracted market attention this week.
This week's major blockchain upgrade
Polymesh will activate its v8 mainnetwork upgrade on July 22, 2026. This upgrade introduces EVM compatibility, decentralized identifiers and simplified asset transfer capabilities. The new features aim to expand Polymesh's blockchain infrastructure capabilities. Market participants continued to pay close attention to the project's network improvements this week. Zcash also plans to have an Ironwood web update later this week. The update is designed to address previously identified risks associated with Orchard vulnerabilities.
Token unlocking and governance events come into focus
LayerZero is preparing to hold a token unlocking event on July 20, 2026. Approximately 25.71 million ZRO tokens will enter circulation during the planned unlock. Unlocked tokens account for approximately 4.6% of LayerZero's circulation supply. Traders often pay close attention to token unlocks because they can affect short-term market activity. KAITO will also welcome an important token unlocking event this week. About 17.6 million KAITO tokens are planned to be placed on the market.
Curve DAO is still participating in an important governance proposal involving the LlamaLend2 lending market. Voting will continue until July 21, 2026 at 12:26 (UTC).
The ecosystem of selected altcoins continues to progress
Grass participants will receive the second phase of airdrop rewards starting from July 22, 2026. Eligible users can complete the collection before January 22, 2027. Flare developers have arranged the 23rd builder seminar, focusing on artificial intelligence agents. The seminar will be held on July 22, 2026 at 14:00 (UTC). Flare Network also said that an important network update will take place on July 30, 2026. The ecosystem is moving towards technological milestones. GRVT has postponed its token generation event from July 21, 2026 to July 30, 2026. The project party stated that the reason for the delay was the need to add online arrangements for more exchanges.

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