This Week on web3 5min recap

Market information, major news, and fundraising status for June 1~7.

Good morning.
This is mitsui from web3researcher.

Every Monday will be a recap of the past week's web3 market. Please use it to catch up on information and trends!

1) Market information and major news
2) 22 funded projects
3) Articles and recap updated in the last week

---

(1) Market Information and Major News

---

⛓️Blockchain

L1

BNB prices have made great strides, hitting record highs. The TON is also rising, although others are falling somewhat.

• TON market capitalization plunges billions of dollars after supply data is revised

• 455,000 tokens issued in Solana in May

• Ethereum ETF Could Raise $4 Billion in First 5 Months: K33 Research

• Solana's Rise Continues Due to MemeCoin and DeFi Activity; Ethereum's Projected Volatility Surpasses Bitcoin

L2

The number of users is increasing, but the overall TVL is slightly decreasing. Many projects are also showing a slight decrease, but Base is growing considerably, growing by 11%.

• zkSync's use of ticker "ZK" draws condemnation; joint statement by Polygon, StarkWare, and others.

• Matter Labs Withdraws "ZK" Trademark Application Following Backlash from Major Project

• Base Ecosystem TVL Reaches Record High

• Blast passes on lower fees to users without bundles

• Ark Labs Begins Development of New Bitcoin Layer 2 Payment Network

• Polygon Labs Acquires Zero Knowledge Research Firm Toposware

• StarkWare Raising $1 Million to Expand Bitcoin with Zero Knowledge Proof

• ZK-Rollup Taiko Airdrops Tokens, Reaching $2 Billion Fully Diluted Valuation

---

💰DeFi

The overall trend is upward. As usual, the presence of restaking protocols is great.

• Ethena's "Synthetic Dollar" USDe, supply exceeds $3 billion in just four months since launch.

• Decentralized Exchange Velocore Postmortem on $7 Million Hacking, Offers Reward for Hackers

• As Election Season Heats Up, Polimarket Sets New Monthly Record

• Uniswap postpones governance of protocol upgrades, following issues raised by stakeholders.

• EigenLayer's Total Locked Value Exceeds $20 Billion for the First Time

• Paxos International Launches Lift Dollar (USDL), a Yieldable Stable Coin

• Mision Bank Launches Tokenization Solution in Avalanche

• Galaxy Digital Issues Millions of Dollars in Loans Secured by Tokenized Stradivarius Violins

• Wormhole Launches Staking and Governance for W Token Holders

• DYdX to complete v5 upgrade next week

---

🖼️NFT

There has been a slight increase overall. The increase is noticeable in game chains, so perhaps NFT is thriving in GameFi.