TRON Upgrade Looms as Arbitrum Faces Token Unlock Chaos

Altcoins to Watch this Week: TRON and Hyperliquid Stand Out

The coming week will test three altcoins, each facing different challenges. Arbitrum (ARB) is under supply pressure as a large token unlock approaches on August 15, which could put downward pressure on the price. In contrast, Hyperliquid (HYPE) has seen its trading fees and perpetual volume decline, threatening to undermine its recent price recovery.

On the other hand, TRON (TRX) is gearing up for a mandatory network upgrade by August 16, which should improve Ethereum compatibility and node reliability. This upgrade is crucial as it will protect the $91.7 billion in stablecoin USDT hosted on the TRON network, making it an important development for the altcoin.

The upgrade and rising USDT activity on TRON support the bullish case for the token. However, DeFi value locked has slipped 0.6% over the past week, leaving questions about broader growth in this area.