DapDap Weekly Market Alpha #23: Navigating Ethereum L2s

Good morning, DapDap community! 🤜🤛

Another week has flown by, and I'm here to bring you the most essential updates of all things happening across Ethereum DeFi. My aim? To ensure you have a bird's-eye view of the evolving Layer 2 market, including the latest updates on projects, products, and the occasional turbulence that captivates us degens.

Top Highlights

  1. SEC sues @consensys (again)

  2. SEC sues Lido & RocketPool

  3. Renzo introduces $pzETH - Renzo’s flagship LRT on @symbioticfi in collaboration with @mellowprotocol

  4. Introducing $DYDX in-app staking

  5. The First custom AAVE market for Lido launches on Aave V3

  6. Optimism SuperFest - the Superchain DeFi Festival

  7. @aevoxyz introduces Aevo Strategies

Ecosystem

Arbitrum

  1. Yield opportunities around @arbitrum LTIPP Grants

  2. Arbitrum Phase 3 Grants Program extended until July 31, 2024

  3. @goodentrylabs introduces Memecoin Launcher

  4. Arbitrum lives on ChainFlip

Base

  1. Coinbase <> Stripe Partnership, adding $USDC on Base to Stripe Crypto Payouts Product

  2. Wrapcast introduces Pay, Pay someone with USDC in under 10 seconds

  3. @aerodromeFi Flight School Explainer

  4. @tokenterminal Threads on @base Q2 Highlights

  5. @QiDaoProtocol introduces $mMAI, the vault supplies MAI into various collateral markets in the Base ecosystem

  6. Friend.tech is staying on Base, all protocol fees are turning off

Blast

  1. @thrusterFi Turbo Spin, powered by @dapdapmeup

  2. 50M Thruster Credits For @DapDapMeUp , @okxweb3 , and @zaponblast

  3. Introducing Blast Governance and Progress Council Proposal 1: Enabling Points for $BLAST holders.

  4. @blast_l2 Tokenomics and Q2 Highlights revealed

Scroll

  1. Unveiling Curie, Scroll's next major protocol upgrade

  2. 3 new assets eligible for earning Marks on Scroll Session One

  3. @tokanexchange team up with @lidofinance to drive emissions towards wstETH/ETH Pool

  4. Mimir, an enterprise-grade multisig solution, has successfully integrated with @Scroll_ZKP .

  5. @MitosisOrg joined Scroll Session One

zkSync

  1. @zerion ZERO Network Testnet is live, powered by @zksync

  2. Holdstation zkWave 2 Airdrop Campaign

  3. @koi_finance veKOI is coming soon

  4. zkSync introduces Elastic Chain, compete with @0xPolygon 's AggLayer

Mantle

  1. Mantle <> Game7 Dao Partnership, introduces LootDrop with 2 Million $MNT Prize Pool

  2. Mantle Methamorphosis Season 1 is now live

  3. $MNT trading rewards are now available for Vertex users on @0xMantle 😎

  4. Leverage farm $COOK with your $MNT on Airpuff

Linea

  1. The @LineaBuild campaign is LIVE on Metavault

  2. InceptionLRT is now officially integrated with The Surge @LineaBuild

  3. @kelpdao restaking journey with $wrsETH on @LineaBuild!

Starknet

  1. Starknet H2 Roadmap Recap

  2. Starknet Ecosystem Weekly Recap

  3. @influenceth is now officially live

Polygon

  1. Polygon Gov Proposal: Upgrade PoS Staking to Use POL

  2. @RavenQuestGame is launching on Immutable zkEVM, powered by @0xPolygon!

  3. @stabilitydao, DeFi Assets Management, is official launch on @0xPolygon 's PoS

  4. @xPortalApp support @0xPolygon 's PoS

  5. Polygon SPN, @0xPolygon 's Solution Provider Network

NEAR

  1. Native $USDC has just been enabled on the @cryptocom app

  2. Introducing @burrow_finance v2, including: xBRRR Staking, LP Tokens as Collateral Margin Trading, Single Token Net Liquidity (STNL), and more.

Fundraising - M&A

  1. RedStone raised $15M series A led by @Arrington_Cap

  2. Sentient raised $85M seed round, co-led by @foundersfund with @peterthiel , alongside @PanteraCapital and @hiFramework

  3. Sony acquired Amber Japan, a cryptocurrency exchange, for "billions of yen"

  4. Frame has been acquired by @IglooInc (the parent company of @pudgypenguins) to contribute towards Abstract

  5. BlackRock to buy UK data group Preqin for $3.2 bln

New Product(s)

  1. Hyperlane, Restaked Interop, powered by @EigenLayer Hyperlane AVS

  2. @SharpeLabs, AI-powered Crypto Super App, introduces Sharpe DEX

  3. @DeBankDeFi - XP Points Program is now live

  4. @bounce_bit launches Superfast - Liquid On-chain broker

  5. @JupiterExchange - introduces ape.jup.ag : ‘a safer, smoother, and cheaper way to ape memecoins’

New Network(s)

  1. CARV Alphanet, the Largest Modular Data Layer for Gaming, is live!

  2. Puffer Finance introduces Puffer Unifi - Puffer’s Based Rollup

New Token Launches

  1. Metal L2 Token Airdrop & TGE

  2. Clip Finance TGE

  3. Natix Network TGE

  4. Moca Verse TGE in July

  5. @rage_trade is launching $RAGE on hyperliquid

  6. Particle launches $PTC

  7. @Galxe migrates $GAL to $G

  8. @degentokenbase Airdrop 2 Season 6 kicking of on July 11th

That's it for this week's Intern market alpha! 📓 🤓

Stay stun for the next version 👀

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