Alpha V55
Defi
Optimism now has fault proofs
Polygon announce zkPoS proposal to connect Polygon PoS to their AggLayer using Succinct lab’s SP1 a Rust-based proof of consensus and Polygon's Plonky3 proof system.
Arbitrum $250M Arb 3 year Gaming Catalyst Program proposal has been approved
Celestia data proof bridge Blobstream is now live on Ethereum mainnet
Berachain Public Testnet, bArtio B2 is live
SxT released Proof of SQL v1, the first ZK prover running sub-second for processing data. This tool ensures accurate SQL queries against untampered data, enabling devs to perform trustless computations on both on-chain and off-chain datasets more quickly and efficiently
Polygon will unlock 1B $POL over 10 years in grant funding to projects. S1 of grants program just went live, to distribute 35M matic to projects
Near FDN formed Nuffle labs backed w/ $13M in funding, a grant from the Foundation & external investment by Electric Capital. Nuffle labs will propel Near’s modularity. They aim to make Near offer NEAR Data Availability (NESR DA) & Fast Finally Layer (NFFL) products to Rollups
Biconomy, launched the Delegated Authorization Network (DAN) for safe delegation of on-chain activities to AI agents. DAN grants AI projects access to users' Delegated Auth keys stored on EigenLayer AVS. Biconomy collaborated with Silence Labs for DAN's development and launch.
Moonbeam announce $13M development fund focusing on gaming and RWA, it includes a new $10 million Innovation Fund, $1.5 million in Moonbeam ecosystem grants and $1.5 million in Moonriver grants.
zksync airdrop checker went live
Manta has launched a $50M Ecosystem Grant Program and Fund to support early-stage projects focusing on ke AI, ZK and Depin
Multisig protocol Squads, raised $10M in Series A led by Electric Capital
zkVM ,1 trillion Hz of compute capacity— Nexus labs raise $25M in Series A led by Lightspeed Venture
Beefy introduced Cowcentrated Liquidity Manager
Ripple announced XRPL EVM Sidechain for DeFi and RWA. They’ll launch with Axelar as their official bridge to ensure seamless asset transfers between XRPL and EVM Axelar Bridge
Ripple introduces their stablecoin RLUSD. Coming later this year.
Defi lending and liquidity protocol UwU lend suffers a $19.3M hack
Vana, network for user-owned data, released its Satori testnet.
Graph Network completes their Sunrise Initiative where their subgraphs upgraded from centralized hosting providers to a globally distributed network of token-incentivized data indexers; making them a Decentralized Web3 Data Layer
Ava Protocol, formerly OAK Network, raise $10M in seed funding ($5.5 million initial and $4.5M seed+ rounds) led by Electric Capital and Sandeep Nailwal to develop an Eigenlayer AVS for private autonomous txn
Layer3 announced $21M in total funding following recent $15M series A round led by paraficapital and Greenfield1One
Overlai, project for image verification co-founded by photographers Paul Nicklen and Cristina Mittermeier, announced beta launch of its mobile app and Adobe Plugin on
SubQuery, distributed network of decentralized indexers and RPC providers, will launch the first decentralized RPCs for Polkadot and Kusama
Crypto Hayes joins Covalent as advisor as they share similar AI goals. TLDR; Covalent with its ETH wayback Machine used for DA goes AI
Binance invested in ZircuitL2, a zk rollup with parallelized circuits and AI-enabled security at the sequencer level.
PanteraCapital invests $5M in Everclear formerly Connext
Restaking project Symbiotic announce $5.8M seed, co-led by paradigm and cyberFund. Lido forms alliance with them
Pirate a16z backed Gaming studio, Pirate Nation gets listed on Coinbase shortly after launch
Curve founder, Michael Egorov was liquidated for $140M CRV
State of the Market
Joe Biden campaign team is in talks to accept crypto donations through Coinbase
Paradigm raise $850M, their third fund focused on crypto projects at the earliest stage
MicroStrategy proposes $500 million debt sale to boost BTC stash
ETH ETF projected to launch July 2
