DapDap Weekly Market Alpha #28: Navigating Ethereum L2s

Good morning, DapDap community! 🤜🤛

Another week has flown by, and I'm here to bring you the most essential updates from across the Ethereum ecosystem. My aim? To ensure you have a bird's-eye view of the evolving DeFi landscape, including the latest updates on projects, products, and the occasional turbulence that captivates us degens.

Weekly Analytics

https://x.com/artemis__xyz/status/1823017187273244982

Top Highlights

1. @defiignas: New $wBTC setup from BitGo

2. @MakerDao planning to offboard WBTC due to change in custody from Bitgo

3. @CoinDesk: Crypto-tracked futures saw over $1 billion in liquidations in 24h

4. @CryptoSlate: $527 million of venture capitals flow into crypto startups in July

5. @Immutable: to shut down NFT Marketplace

6. @binance: to list $TON spot trading pairs amid surge in blockchain activity

7. @CantoPublic: Turn into a meme after blockchain halted

Ecosystem

Arbitrum

1. @arbitrum: Proposal to unlock $ARB Staking

2. @GMX_IO: Buyback and Distribute GMX Proposal queued for execution

3. @FTI_DA: Franklin Templeton's OnChain U.S. Government Money Fund is available on Arbitrum

4. @synthetix_io: Introducing native stablecoin USDx on Arbitrum

5. @Circle: USDC as a custom gas token on Arbitrum Orbit

6. @on_datawarlock: USDC + USDT market cap hits ATH on Arbitrum

7. @fractality_fi: y2k officially rebrands to Fractality

Base

1. @base: The move of 42M $OP tokens with no fees

2. @ChibiClash: 50K+ players since it’s migration to Base

3. @AerodromeFi: Volume on Aerodrome hit $3B

4. @KaiExchange_: Now live on Base

5. @0xfluid: Fluid flows to @base 🌊

Blast

1. @LambolandNFT: Pacmoon is leaving Blast

2. @blast: Phase 2 Gold Distribution 2 is now live

3. @TornadoBlastBot: New mobile app from Tornado Blast

4. @stryke_xyz: The first onchain options market on Blast

Scroll

1. @Scroll_ZKP: Weekly Updates

2. @VesselFinance: Mainnet launched on Scroll

3. @AstherusHub: New comer to Scroll’s ecosystem

4. @daddysether: A list of things to do for Scroll beginners.

Linea

1. @MetaMask: Introducing MetaMask Card, the world’s first Mastercard debit card backed by the speed and cost-efficiency of Linea

2. @SynapseProtocol: Launching of SynapseRFQ on Linea

3. @flooz_xyz: Now live on Linea

4. @NileExchange: $73K+ in fees and incentives

Mantle

1. @0xMantle: Partnership with Pendle for Powdership program

2. @0xMantle: Bridging to Mantle Guide

3. @Web3WithBinance: New partnership with Mantle

Starknet

1. @StarknetFndn: Diego Oliva stepped down as Starknet Foundation’s CEO

2. @Starknet: Starknet’s newest roadmap

3. @Starknet: Introducing Seed Grant Program

4. @bitgetglobal: Intergration with Starknet

5. @StarknetEco: Le Monde De Starknet - Weekly Recap of Starknet ecoystem

Mode Network

1. @DefiNft: Web3 Packs product is now live on Mode Network

2. @IroncladFinance: Introduction to Stability Pool

3. @ModeMax_: ModeMax Mainnet is live on Mode Network

Polygon

1. @0xPolygonEco: Polygon Builder Grants Roundup

2. @GR1Dnetwork: Collaboration with Polygon

3. @Ronin_Network: Hit a new ATH with 2.3M UAWs

Near

1. @NEAR Protocol: Arriving of Chain Signatures technology

2. @therollupco: Chain Abstraction Market Map featuring Near Protocol

3. @therollupco x @proximityfi (@kendaIIc): The Importance of Chain Signatures & Atomicity

4. @finance_ref: Introducing Ref's Bridge Aggregator

Fundraising

1. Dawn Internet announces $18M funding round led by Dragonfly Capital

2. Breakout raises $4.5M in a venture funding round

3. Cartridge raised $7.5M in a Series A round led by Bitkraft Ventures

4. Solana-Based Elmnts secures $2M in pre-seed funding

5. DeAgentAI secured $6M in funding

6. Solana-based DePIN project Andrena raises $18M

7. Vessel has successfully secured $10M in seed round.

8. Blockscout raises $3M in a seed round led by 1kx Network

New Products

1. @Symbioticfi launches devnet, plans mainnet in Q3

2. Polynomial Superchain is live

3. Introduction of BeraTrade, derivatives platform on BeraChain

4. Wompie's WOM UP is now live on BNB Chain and Arbitrum

5. Skate introduces their 1st Stateless App

6. Gyroscope’s launching of $sGYD stablecoin

7. On-Chain Credit Pool System Alchemy Pay launches on Base

8. Saru- the first ApeChain’s DEX built by Sushi Labs

9. SP1 goes to mainnet

New Networks

1. @ZircuitL2: launches mainnet Phase 1

2. @Duck_Chain: Introducing the first TON L2 powered by Arbitrum Nitro

New Token Launches

1. @debridgeFdn: $DBR Token & Airdrop Checker

2. @rage_trade: TGE on Hyper Liquid

3. @NeurochainAI: Listing on Gate.io and WhiteBit

https://x.com/NEARProtocol/status/1805959542330589399

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