DapDap Weekly Market Alpha #29: Navigating the Ethereum Ecosystem

Good morning, Ethereum 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

Ethereum L2 daily transactions. Source: Growthepie
Ethereum L2 daily transactions. Source: Growthepie
Blast TVL and chain's activities fall into Mar 2024 level
Blast TVL and chain's activities fall into Mar 2024 level

Top Highlights

  1. @TheBlock__: Franklin Templeton files for 'Crypto Index ETF' holding BTC and ETH

  2. @MicroStrategy: SEC approves first leveraged long ETF

  3. Study: crypto startups receive $2.7B funding in Q2 2024

  4. @TON_Ventures: TON Foundation alumni raise $40 million fund for TON projects

  5. @Tether_To: Tether will launch USDT on Aptos

Ecosystem

Arbitrum

  1. @arbitrum: Proposal to introduce staked $ARB ($stARB) passes

  2. @Moongate: Intergration with Arbitrum

  3. @ParticleNtwrk: Arbitrum Co-Testnet is now live

Base

  1. @base: Base introduces Basenames, ENS subnames for users, plans fair launch via Dutch auction

  2. @chainlink: Chainlink Data Streams and VRF are now live on Base

  3. @aori_io: Now live on Base

  4. @avalon: Long-awaited game will be launch on Base

  5. @drewcoffman: Base’s weekly roundup

  6. @Optimism: Optimism is developing a native interoperability system for Layer 2 chains

Blast

  1. @UMAprotocol: UMA’s Optimistic Oracle is live on Blast

  2. @flashmarketxyz: New predictor market on Blast

  3. @ThrusterFi: 3x Blast Gold farming on Thruster Finance

Scroll

  1. @Scroll_ZKP: What to do on the Level Up platform

  2. @LoreFinance: Brand-new lending protocol on Scroll

  3. @KelpDAO: New Kelp Gains program with the comeback of rsETH

  4. @BuildWithScroll: Ecosystem Highlights

Linea

  1. @DappRadar: Linea Dapp Ecosystem Q2 2024 Report

  2. @zerolendxyz: $ZERO whitelisted on Linea Surge

  3. @MYX_Finance: Upcoming intergration with Across Protocol

  4. @PrivadoID: First private biometric Proof of Humanity on Linea

Mantle

  1. @FBTC_official: Introduction of $FBTC

  2. @InitCapital_: INIT Capital introduces INFINIT, a DeFi abstraction layer meant to allow builders to launch and scale DeFi protocols easily

  3. @0xMantle: Weekly Mantle Memo

  4. @FBTC_official: $100M in TVL milestone

  5. @PlayEmberSword: New partnership with Mantle

  6. @BitkubOfficial: $MNT listed on Bitkub.com

Starknet

  1. @StarknetEco: Le Monde de Starknet - Weekly recap on Starknet

  2. @MetaMask: MetaMask Snap live on StarkGate

  3. @robertkp13: Sneakpeek on Starknet v0.13.2 update

Polygon

  1. @0xPolygon: Polygon announces its token migration (from MATIC to POL) will happen on 4 Sep'24

  2. @0xPolygon: POL will become the native gas token for Polygon PoS

Mode Network

  1. @modenetwork: Weekly News on Mode by Chad Report

  2. @modenetwork: Daily Mode Points with Perp Trading Competition

  3. @DewhalesCapital: Ultimate Mode Network Ecosystem Research

  4. @splice_fi: Introducing Mode’s central hub for Yield Trading

  5. @Lynx_Protocol: New perpetuals DEX coming to Mode

Near

  1. @NEARProtocol: Launches stateless validation on mainnet w/ Nightshade 2.0

  2. @joespano_ & @BowenWang18: NEAR Protocol's Next Leap in Sharding

  3. @auroraisnear: New BTC Light Client from Aurora

  4. @SatoshiBridge: Showcase of $BTC on Near Protocol

  5. @_atlasprotocol: New Native Bitcoin Liquid Staking Protocol backed by Near Protocol

  6. @dim_ss: Republic's Dim post on how NEAR stands out as the defacto L1 for AI dApps

Fundraising

  1. Vessel secures $10M in seed funding to enhance DeFi solutions

  2. Nexio, a parallelized Bitcoin rollup raised $2.2M in a seed funding round

  3. Ion Protocol raised $7M in total to build a yield protocol Nucleus

  4. Essential has raised $11 million in a Series A funding round

  5. TON Ventures launches with $40M to fund Telegram’s crypto ecosystem

  6. Sahara AI raised $43M, the round was co-led by Pantera Capital, Binance Labs, Polychain

  7. Sling Money, a stablecoin-based global payment app raised a $15M Series A round

  8. Orderly Network announced a $5M strategic funding round

  9. Chaos Labs has closed a $55M Series A funding round led by Haun Ventures

M&A

  1. Bitwise Expands Into Europe With Acquisition of ETC Group

  2. Digital asset trading firm STS Digital acquires Swiss market maker flovtec to expand its market-making capabilities and enhance liquidity solutions

New Products

  1. Aztec launches Devnet

  2. dYdX is launching dYdX Unlimited, with permissionless market listings and MegaVaults (same as Hyperliquid Vaults)

  3. Manta Network introduces MultiDA to enhance network resiliency

  4. @Symbioticfi: In partnership with @stride_zone to support $stTIA for restaking

  5. @solayer_labs: The (liquid) restaking network on @Solana

  6. @symbioticfi: Bitcoin is now live on Symbiotic

  7. @eigenlayer: Introduces Permissionless Token Support

  8. @DriftProtocol: Introduces BET, prediction markets project

New Networks

  1. @5ireChain: Launches hybrid layer-1 mainnet

  2. @Aleph__Zero: Aleph Zero EVM is now live on Gelato using Arbitrum Orbit

  3. @PlayOnGeist: Introducing new L3 built for gaming chain

  4. @cronos_chain: Introduce Cronos zkEVM, the first Layer-2 ZK chain alongside @zksync Era

New Token Launches

  1. @gm_dot_ai: $GM Token is now live

  2. @GammaSwapLabs: $GS TGE at Aug 30th

  3. @OrderlyNetwork: $ORDER TGE details

  4. @PichiFinance: $PCH TGE details

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