DapDap Weekly Market Alpha #26: 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

This week's figures indicated a bad performance following market price movement, with 19% drop in Active Addresses compared to the last week.
This week's figures indicated a bad performance following market price movement, with 19% drop in Active Addresses compared to the last week.
Base still outperforms all other chains, with most activities lying around memecoin trading & on-chain summer season.
Base still outperforms all other chains, with most activities lying around memecoin trading & on-chain summer season.

Top Highlights

  1. Spot Ethereum ETFs reaches over $1B in trading volume on the 1st launching day (via @TheBlock__)

  2. Ferrari to launch crypto payment in Europe (via @Cointelegraph)

  3. Tether mints $1B on Tron with $0 in fees (via @ArkhamIntel)

  4. JD.com plans launch a stablecoin pegged to the Hong Kong dollar with Tianxing Bank (via @CoinGapeMedia)

  5. Compound Governance attack by Explained (via @omeragoldberg)

  6. @eigenlayer: Releases details about AVS rewards & incentives

  7. Aave proposal considers activating fee switch and buying back tokens from open market (via @TheBlock__)

Ecosystem

Arbitrum

  1. @Novastro_xyz: Launches testnet on Arbitrum Orbit

  2. @arbitrum x @farcaster_xyz: Launches Frame It, a $500K in retroactive rewards Build-a-thon

  3. @AlchemyPlatform: Enables support for Arbitrum Nova

  4. @switchboardxyz: Integrates with Arbitrum

  5. @play_planetx: Planet X is coming to Xai

Base

  1. @atari: Launching an onchain classics arcade on Base

  2. @Polytrade_fin: Upcoming integration with Base

  3. @doodles: Coming to Base’s Onchain Summer

  4. @MountainUSDM: New stablecoin on Base

  5. @base: Introducing Onchain Content Network

Blast

  1. @ProtocolRing: New DEX Aggregator native Dapp on Blast

  2. @ThrusterFi: Partnership with Megapot

  3. @GangsterArena: Launching Crew Wars, a new game live on Blast

  4. @monoswapio: Are being hacked, warns users not to deposit funds

  5. @Zaponblast: Partners with @Nansen_ai to launch ZVI

Scroll

  1. @ethena_labs: Integrated with Scroll

  2. @Scroll_ZKP: Now the #1 ZK Rollup with the highest TVL

  3. @Scroll_ZKP: Weekly Highlights

Linea

  1. @ensdomains: Now available on Linea

  2. @BuildOnLumia: Lumia RWA live on Linea

  3. @OpenZeppelin: Linea Plonk Prover and Verifier audit report

Mantle

  1. 0xMantle: Season 1 campaign $COOK rewards allocation

  2. @Web3WithBinance: Binance Web3 Wallet now supports Mantle Network

  3. @0xMinhdonz: Mantle’s ecosystem map

Starknet

  1. @Starknet: Use Starknet’s Dapps directly on X using Starknet Slinks

  2. @informalinc: New partnership, bringing Starknet to the Interchain

  3. @PulsarMoneyApp: Now live on Starknet

  4. @Starknet: Le Monde De Starknet - Weekly Recap of Starknet

Mode Network

  1. @DefiNft: Charged Particles is officially live on Mode

  2. @modenetwork: Introducing to Ironclad

  3. @ionicmoney: Launching the first bond on Mode Network

Polygon

  1. @MessariCrypto: Polygon PoS Q2 2024 overview

  2. @DexNet_one: New integration with Polygon

  3. @SecretNetwork: Secret’s Confidential Computing Layer now integrated with Polygon

NEAR

  1. @TokenBridgeApp: Launched new user-friendly Near-Solana Bridge

  2. @MeteorWallet: Harvest Moon is Live w/ double rewards

  3. @RWA_xyz: New integration with Near Protocol

Fundraising - M&A

  1. Zircuit announce mainnet funding round, Binance Labs led

  2. Bitcoin L2 Bitlayer raises $11M led by Franklin Templeton

  3. B3, a GameFi protocol raised $18M in a seed funding round, led by Pantera Capital

  4. Caldera raises $15M in a Series A funding round, led by Founders Fund

  5. DAOBase completed a $6M funding round

  6. Redpill AI has secured $5M in seed funding round, led by Animoca Brands

  7. Igloo, Inc raises $11M to contribute towards Abstract Chain

  8. Kintsu Secures $4M Seed Round to Build Liquid Staking Protocol on Monad

New Products

  1. @Optopia_AI: Gas Mining is now live on Optopia 

  2. @getgrass_io: Grass introduces Desktop Node

  3. @zeek_network: introduces a new social network

  4. Bunni launch Bunni v2 testnet

  5. illuviumio: launches on Epic Games Store

  6. @JupiterExchange: introducing Jupiter spot, a new trading UI

New Networks

  1. @AvailProject: Avail DA Mainnet, the unification layer for web3

  2. @AbstractChain: Abstract, the first consumer chain to launch

  3. @EclipseFND: finishes audit, launching mainnet next week

About DapDap

DapDap emerges as a solution to the critical challenge: how can we streamline the discovery of the Ethereum ecosystem? Serving as a universal gateway, DapDap offers a unified in-app experience, redefining DeFi within a single intuitive interface. This is designed for the seamless navigation of over 150 dApps and 17 networks — making interactions across Web3 effortless and engaging for all users.

Discover DapDap | Stay updated with DapDap | Explore DapDap’s blog

Subscribe to DapDap Intern
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.