DapDap Weekly Market Alpha #27: 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

Base, Arbitrum and Linea still lead the market in terms of Weekly Active Addresses
Base, Arbitrum and Linea still lead the market in terms of Weekly Active Addresses
Interesting data points re: on-chain gas fees during peak volatility
Interesting data points re: on-chain gas fees during peak volatility

Top Highlights

  1. Jump Trading dumps the whole crypto market

  2. US Bitcoin Strategic Reserve is introduced

  3. Tether revealed record-breaking profits of $5.2 billion in the first half of 2024

  4. Fantom officially rebrands to Sonic

  5. @OKX_Ventures x @aptos: Launch 10m accelerator funds

  6. @TeamKujira's onchain leveraged positions liquidated, team releases statement

  7. @LidoFinance: Introducing Lido Institutional Liquid Staking

Ecosystem

Arbitrum

  1. @arbitrum: Weekly Highlights

  2. @synthetix_io: USDx - The Synthetix Native Stablecoin on Arbitrum

  3. @DestraNetwork: New member to the Orbit Chain

  4. @blockscoutcom: Now supported Arbitrum

  5. @MetaLend_DeFi: Now supported Arbitrum

  6. @getduelnow: Arbitrum-based betting protocol raised $11M in a funding round

Base

  1. @base: BaseCamp Summit full recap

  2. @coinbase: Zero fees to transfer assets from Coinbase to Base

  3. @MansaFinance_co: New Credit & RWA project on Base

  4. @circle: $EURC now officially live on Base

  5. @RDNTCapital: Radiant Capital is now LIVE on @base!

Blast

  1. @ArkhamIntel: Blast is now live on Arkham

  2. @YOLO_Blast: Introducing “Don't Fall In” - new game on Blast

  3. @fantasy_top_: Tactics V2 by fantasy is live

Scroll

  1. @Scroll_ZKP: Weekly Recap

  2. @scroll_pix: Introducing Magic Board

  3. @ScribeDEX: Now live on Scroll

Linea

  1. @NileExchange: Introducing Nile Exchange on Linea

  2. @i_am_hapi_one: HAPI Score is now available on Linea

  3. @MendiFinance: Launching Single-sided LP with $ETH & $MENDI on Lynex Finance

  4. @LineaBuild: Weekly Roundup

Mantle

  1. @MessariCrypto: A Comprehensive Overview of Mantle

  2. @0xMantle: Mantle Summer Games on Discord

  3. @0xMantle: Weekly Mantle Memo

  4. @0xMantle: July Roundup

  5. @MerchantMoe_xyz: Introduce $MOE Revamp

Starknet

  1. @Starknet: New Roadmap

  2. @Starknet: Introduce Starknet Roadshow

  3. @Starknet: Starknet v0.13.2 launches testnet

  4. @zkxprotocol: Discontinuation of the ZKX protocol due to lack of users

Mode Network

  1. @modenetwork: Season 1 vested airdrop is now available to claim

  2. @IroncladFinance: Introduction of $iUSD

  3. @llamapay_io: New payments protocol coming to Mode

  4. @VelodromeFi: Welcoming Ethna Labs and $USDe to Velodrome

Polygon

  1. @0xPolygonDefi: Defi Roundup on Polygon

  2. @GruppoCDP x @intesasanpaolo: The issuance of the first fully tokenized bond using Polygon PoS

  3. @MessariCrypto: Polygon PoS’s TVL in Q2 2024 hits a average of $1.1B

  4. Movement Labs joins Polygon's AggLayer

Monad

  1. @monad_eco: Introducing Mach 1: A 4-week accelerator by Monad

  2. Binance Labs invests in aPriori, MEV-powered liquid staking platform on Monad

Berachain

  1. @InfraredFinance: Infrared is live on Berachain V2 testnet

  2. @berachain: PoL flywheel Thread

  3. @Dolomite_io: Bolomite is expanding to Berachain!

Near

  1. @NEARProtocol: $500K hackathon in Bangkok

  2. @NEARProtocol: Introduction to Chain Abstraction

  3. @ilblackdragon & @AlexSkidanov: NEAR AI office hours with Arize AI

Fundraising

  1. @ParticleNtwrk: Announces Binance Labs as latest investor

  2. @Mintify: Raises additional $3.4M in funding from ARCA, Cumberland, & more

  3. @hyperbolic_labs: Raises $7m to become leading open-Access AI Cloud

  4. @ArgoBlockchain: raises £6.5M through private placement

  5. DePin project Daylight raised $9M in a Series A funding round led by a16z

  6. @jokerace_io: raises $3M from Maven 11 Capital

  7. LinkedIn-style project Icebreaker raised $5M in seed funding led by CoinFund

  8. Base’s Buildathon winner We.Rich raised $2M seed round

  9. Morpho Labs secured $50M led by Ribbit Capital

  10. MetaDAO secures $2.2M in funding led by Paradigm

New Products

  1. Elixir launches Decentralized US Dollar (deUSD) - New $USDe Competitor

  2. Lava Network launches Lava Public Mainnet

  3. Notcoin to launch new Web3 Game with Lost Dogs and Getgems

  4. Terraform Labs to reopen Shuttle Bridge

  5. Gnosis introduces Gnosis AI

New Networks

  1. @EclipseFND: Solana on Ethereum (SVM L2) is now open for builders

  2. @routerprotocol: launches Router Chain Mainnet — a Layer 1 network focused on multi-chain dApps

  3. @irys_xyz: launches layer 1 programmatic data blockchain

New Token Launches

  1. @deBridgeFinance: DeBridge $DBR launched on Jupiter LFG

  2. @EnsoFinance: $ENSO Token launch on Coinlist

  3. @Layer3FDN: L3 claim & staking is live

  4. @augment: $AUG now live on Solana

  5. @gm_dot_ai: $GM is launching on Solana on August 14th

  6. @ClipFinance: $CLIP TGE

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.

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