Good morning, DapDap community! 🤜🤛

Another week has flown by, and we're here to bring you the most essential updates of all things happening across Ethereum DeFi. Our 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.

DapDap Weekly Market Alpha #20: Navigating Ethereum L2s

Weekly Statistics

News Highlights

1. @AethirCloud Airdrop Details

2. Rabby Wallet (@Rabby_io) points season 2

3. $INJ (@injective) releases new tokenomics

4. @RobinhoodApp acquires @Bitstamp

5. @loopringorg Smart Wallets compromised

6. @Ionet CEO stepping down, after $IO listed on Binance Launchpool

Ecosystem Updates

Arbitrum

1. Karak network expands to Arbitrum

2. XAI (@xai_games) introduces XAI Vanguard: Genesis

3. Fluid (@0xfluid) publishes proposal to deploy on Arbitrum

Base

1. friend.tech (@friendtech) launching Friendchain and migrates from Base

2. $BRETT (@BasedBrett) hits new ATH over $1.7B Marketcap

Scroll

1. Obtain Scroll Marks by bridging USDT, USDC, ETH on Jumper

2. Owlto now supports bridging $wstETH to Scroll

Blast

1. @yesmoney420 relaunched and dies immediately (LOL)

2. fantasy.top (@fantasy_top_) showcases the Fantasy Burn

3. Tornado Blast (@TornadoBlastBot) Introduces Tornado Launcher

4. Pac Finance (@pac_finance) releases Pac 2.0

Mantle

1. Mantle lived on Dune (@DuneAnalytics)

2. @xMetacene_ is now live on Mantle Network

3. @0xMantle Deploys $5M from EcoFund to support SocialFi & Gaming Innovation

Linea

1. @LineaBuild paused its chain following Velocore exploit

2. @routerprotocol joined Linea Surge campaign

3. Linea Surge is live on @IntractCampaign

zkSync

1. Introducing ZK Nation, a community to govern, defend, and grow the protocol.

2. Matter Labs files for 'ZK' trademark, industry demands withdrawal

3. @TRALA_Official raised $5M from Fundraising Round, Investors including Matter Labs

Starknet

1. StarkHack, Hackathon at @ethglobal (June 13 - 26)

2. Karst Network, ‘superior’ lens protocol on Starknet

3. @MarketPyramid introduced Gameland

New Fundraising & Deals

1. Polygon Labs Aquires zero-knowledge research firm Toposware

2. The Sandbox Raises $20M at $1B Valuation

3. @MountainUSDM raised $8M series A, led by @multicoincap

New Products

Chains

1. @one_frequency, new L1 backed by Polkadot, focused on Social Networking

2. @Galxe to launch their L1 @gravitychain in June using Arbitrum Nitro

dApps

1. @spectra_finance , Open interest rate derivatives protocol

2. @SOFAorgDAO , non-profit DAO dedicated to developing a comprehensive asset settlement framework on-chain.

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

Stay stun for the next version 👀

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