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. LayerZero Introduces Proof-Of-Donation

2. Tether introduces Alloy (stablecoin backed by Tether Gold)

3. NEAR Launches Incubation Program to Build User-Owned AI

4. $BLAST is now live!

5. Kraken & Certik Drama TLDR

6. ENS V2 Plan

7. Ethena adds utilities for $ENA Token

8. Router Protocol Plan to build a L1 following their strategic funding

Ecosystem

1. LayerZero Introduces Proof-Of-Donation

2. Tether introduces Alloy (stablecoin backed by Tether Gold)

3. NEAR Launches Incubation Program to Build User-Owned AI

4. Kraken & Certik Drama TLDR

5. ENS V2 Plan

6. Ethena adds utilities for $ENA Token

7. Router Protocol Plan to build a L1 following their strategic funding

Arbitrum

1. Arbitrum introduces Layer Leap: Bridge directly from Ethereum L1 to an L3 Orbit chain in a single click.

2. @Degentokenbase developing new incentive mechanism

3. @TraderJoe_xyz introduces Liquidity Book 2.2

Base

1. @doodles migrating to Base in July

2. Morpho Labs is now live on Base

3. SynFuture V3 is expanding to Base

4. Solana Name Service is now available on @base

Blast

1. Access @fenixfinance through DapDap

2. Remember to sign into your Blast Dashboard before TGE

3. Upbit gonna list Blast on June 26th

4. DapDap Spin-to-win is temporary under maintenance

Scroll

1. Scroll Session 1 Farming Guidence

2. Scroll's Curie network upgrade is now LIVE on Sepolia

3. Lending & Borrowing on @LayerBankFi , @CogFinance , @pencilsprotocol , & @Tranchess for session one reward

4. @VaronveNFT public mint sold out

zkSync

1. @Easy17182589 thread on zkSync misappropriating zkSync tokens

2. Aethir’s Launch on Sophon’s ZK Chain and Node Swap

3. 41% of top ZKsync token airdrop recipients sold full allocation

4. Sophon Farming is now open

Mantle

1. Wormhole goes live on Mantle Network

2. IntentX introduces 300K $MNT Grant

Linea

1. LXP-L Now Live on Dyson Finance

2. Alfred is now live on @LineaBuild

3. Particle Network Universal Accounts deployed on Linea

4. SideLineaBOT tutorial

5. Linea Surge Volt 2 Begins

Starknet

1. New Proposal: Token Burn Mechanism for STRK

2. Starknet 2024 roadmap update

3. Influence, an epic fully onchain space strategy MMO, is launching on Starknet Mainnet this Thursday

4. Starknet tokenbound Hackathon

Polygon

1. Ronin Network introduces Ronin ZkEVM using Polygon CDK

2. Polygon Ecosystem Gaming Roundup Thread

3. Polygon Defi Roundup Thread

NEAR

1. @DapDapMeUp x @NEARProtocol: Realising Chain Abstraction

2. @fraxfinance x NEAR: Incorporating NEAR DA into Fractal

3. NEAR AI Tech Showcase

Fundraising - M&A

1. Particle Network raised $15M in a Series A funding round, led by The Spartan Group and Gumi Cryptos Capital

2. Renzo raises $17M Round led by Brevan Howard and Galaxy

3. Wasabi, Memecoin leverage trading protocol raises $3 million led by Electric Capital

4. Solana Layer 2 Sonic raises funds at $100 million token valuation

5. Aave’s Stani Kulechov seeks $50m for Lens Protocol at $500m valuation

6. @PrismaFi proposal to acquire @MoebiusFinance

New Products

1. Bubbly Finance - 1st AMM-based pre-market DEX

2. Superposition Public Testnet - L3 DeFi Focus, Built on Arbitrum L2

3. Kodiak - Berachain’s Native Liquidity Hub

4. Sturdy - Isolated lending with shared liquidity, powered by the Sturdy Subnet

New Token Launch

1. Midas launches new yield-bearing token mBASIS to compete with Ethena

2. @Azuroprotocol TGE this week

3. Enso TGE on Coinlist

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

Stay stun for the next version 👀

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