DapDap Weekly Market Alpha #25: 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 Stats

Another Based Week!
Another Based Week!

Top Highlights

  1. Grayscale Decentralized AI Fund: $NEAR, $RNDR, $FIL, $LPT and $TAO

  2. Ryan Selkis resigns as Messari CEO

  3. WazirX (CEX) hacked for more than $230M worth of $SHIB, $PEPE, $ETH, & more

  4. Binance receives permission to invest some customer assets in US Treasuries

  5. Binance introduces Holders HODLer Airdrops, with 8% of $BANANA airdrop to BNB Stakers

  6. LI.FI Hack Post-Mortem

  7. Sei Foundation Introduces $50M Japan Ecosystem Fund to elevate Web3 gaming, social, and entertainment on Sei

  8. Uniswap releases Uniswap Extension

Arbitrum

  1. @arbitrum: Showcase of 50+ Orbit Chains

  2. @PanteraCapital: Re-engagement in on-chain governance of Arbitrum DAO

  3. @Kwenta_io: A Synthetic Dex now landed on Arbitrum

  4. @arbitrum: Awarded a grant to Data Lake Chain

Base

  1. @AerodromeFi: Distributed over $100 million in total rewards since launch, all of which have been allocated to veAERO voters.

  2. @oncyber: Introducing FlappyBome to the ecosystem

Blast

  1. @blast: Users can now bridge between Blast and Ethereum Mainnet in 7D

  2. @tradeonblitz: $BLAST spot market & collateral now live

  3. @YOLO_Blast: Gaming Platform built on Blast, reached new high: $1.9B Total Game Volume, 116K Players, $23M TVL

Scroll

  1. @BuildWithScroll: Latest ecosystem highlights

  2. @LorenzoProtocol: $stBTC are now available for bridging to Scroll for the integration with Scroll 3.@BuildWithScroll: Reached new Throughput highs

  3. @BuildWithScroll: Reached new Throughput highs

Mantle

  1. @0xMantle: TVL reached ATH - $612M

  2. @OfficialApeXdex: Now extends support to Mantle

  3. @0xMantle: Regular Roundup from July 8 - July 19

  4. @0xMantle: Introducing Season 1 $COOK

Linea

  1. @intotheblock: A breakdown on creating efficient Leveraged Restaking On Linea

  2. @LineaBuild: Weekly Roundup

  3. @LineaBuild: Weekend Quests

Starknet

  1. @argentHQ: Collaboration with Ledger to enable hardware wallet use on Starknet.

  2. @Starknet: Reached over $100B - ATH on Daily Volume

  3. @Ventory_gg: A multichain NFT Marketplace receives grants from Starknet Seed Grant

  4. @StarkWareLtd: Verifies zero-knowledge proof on Bitcoin test network

Polygon

  1. @0xPolygonFdn: MATIC → POL migration details

  2. @soccerverse: A MMO soccer game built on Polygon PoS raised  $3.1M, the funding round was led by Square Enix

MODE

  1. @modenetwork: Builders on Mode Network are rewarded $5.5M from Retro Funding 4 of Optimism

  2. @PulsarFinance: Now support Mode Network

  3. @LogX_trade: Reached $1.5B in trading volume on Mode Network

  4. @IroncladFinance: $ICL Claiming

NEAR

  1. @NEARProtocol: NEAR DemoDay from PitchTalk with $15K in prize

  2. @finance_ref: REF and Burrow Merger Galxe Campaign

Fundraising - M&A

  1. Allium, a blockchain data infrastructure, raised $16.5M in their Series A

  2. Mira's $9M seed round led by BITKRAFT Ventures

  3. Blockchain data network - Chainbase raised $15 M in a Series A funding round

  4. Bima Labs - a BTC-backed stablecoin has raised $2.25 million in a seed round led by Portal Ventures

  5. Skild AI announces $300M funding from Jeff Bezos, Softbank

  6. Oh Gamers! gaming platform raised $3M seed round led by Axia8 Ventures

  7. Bitrue - a CEX announces the allocation of $40M for venture investments

  8. Truvius raises $3.2m pre-seed led by Galaxy Ventures

  9. Wintermute discusses a share sale of $100M in their latest Fundraising Conversation

New Products

  1. Liquid Start, a Defi Infrastructure Protocol for Hyperliquid’s Ecosystem

  2. HyperLaunch, the first all-in-1 Liquidity Platform for HyperLiquid EVM

  3. Augment, the first DePIN GPU Network with Onchain Energy Verification

  4. Gwyneth, a booster rollup bootstrapped by Taiko

  5. WovenX, a DEX with ‘meme-frastructure’, built on Initia

  6. Aevo launches Aevo’s Basis Trading Vault

  7. iBERA, a Liquid Staking Solution for BERA

  8. @HermeticaFi USDh, Ethena on Bitcoin

New Networks

  1. Shape, a new L2 chain built for creators, now live testnet

  2. Chromia MVP Mainnet is now live as the world's first relational blockchain

  3. ApeCoin announces the launch of ApeChain Testnet: Curtis

  4. Polynomial introduces Polynomial Chain

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

Stay stun for the next version 👀

About DapDap

DapDap emerges as an answer to the question: how can we streamline the discovery of the Ethereum ecosystem?  Serving as a universal attention layer, DapDap offers a unified in-app experience, redefining DeFi with a single intuitive interface. This is designed for the seamless navigation of over 150 dApps and 15 networks — making interactions across Web3 effortless and engaging for all users.

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