# ScaleWatching the Week *August 16h - 23rd* By [ScaleWatching](https://paragraph.com/@scalewatching) ยท 2024-08-27 --- Hello dear ScaleWatchers, Let's round up and comment some of the most important news that happened this week in the L2 scene! ![](https://storage.googleapis.com/papyrus_images/376498a65f31ef66a741f08c1d72c372.png) * * * ### **Markets** Slightly upwards-oriented consolidation happened among most Crypto Assets while Aave surged 30% pricing its deployment on zkSync. In many charts we can see a beginning of a possible medium-term bullish movement in the 4hours timeframe. Here we can see ETH (4H) that is also about to break out of Ichimoku cloud after 2/3 recent retracements. Similar trends are ahead of Eth in many relevant altcoins like $ZK, $UNI, $LDO etc.., which is suggesting a possible beginning of an Altcoin-Season. ![](https://storage.googleapis.com/papyrus_images/c80c02e5db0e863555326a5aad67d6cf.png) **_ETH (4H)_** ![](https://storage.googleapis.com/papyrus_images/85e23e010f040cbe4e11c5b079cd30d2.png) **_Crypto Total Market Cap excluding Top 10 Dominance (4H)_** * * * ### L2 news * [Optimism announces the winning projects of the Superhack Hackathon for the Optimistic categories.](https://x.com/Optimism/status/1824878728134160511) * [Cyber begins Governance Vote to ratify their working constitution](https://x.com/BuildOnCyber/status/1825017620590113233) * [Kakarot DualVM zkRollup Written Q&A session](https://x.com/Starknet/status/1816814427934793813) * [Optimism disables its 2-month old Fraud Proofs due to some possible vulnerabilities, hard fork on the horizon](https://www.theblock.co/post/311702/optimism-foundation-disables-permissionless-fraud-proofs-plans-hard-fork-following-security-audits?utm_source=twitter&utm_medium=social) * [The Coffee Days Campaign begins on Base](https://x.com/base/status/1824803903600304423). Furthermore, [a Fast-Track to Space Program](https://x.com/jessepollak/status/1824535313278177773) is also in place. * [The Linea Surge Volt campaign kicks off with LXP-L points boosting](https://x.com/LineaBuild/status/1825563823102980259) * [The OP Retro Funding round is about to start as voters are being selected](https://x.com/Optimism/status/1825596235430154334) * [Taiko announces the final part of their Trailblazers DeFi Campaign](https://x.com/taikoxyz/status/1825605136766640271) * [Base announces imminent Base Ens-subdomains](https://x.com/base/status/1825619708093362321) * [Status joins Line as their first open-source code contributor](https://x.com/LineaBuild/status/1825879568445473208). More info [on this Space.](https://x.com/Fergulati/status/1825949673523208512) * [Cyber announces the winners of the Cyber Ecosystem Grants Round II](https://x.com/BuildOnCyber/status/1825926211157278785) * [zkFest Program by zkSync](https://x.com/zksync/status/1825899557366149199) * [The POL final migration from MATIC will happen on Sept 4th](https://x.com/0xPolygon/status/1825966145586758114) * [Scroll LATAM Recap](https://x.com/Scroll_ZKP/status/1825971168983322906) * [ZKsync Era Sepolia Network to Test Freezing](https://x.com/zkSyncDevs/status/1826252974135333006) * [Aave deploys on zkSync!](https://x.com/aave/status/1826297284482519107) - Celebratory Space [here.](https://x.com/zksync/status/1826310829656211896) * [The SUNNYs Superchain Awards Cerimony](https://www.forbes.com/sites/digital-assets/2024/08/21/forbes-web3-and-optimism-introduce-the-sunnys-a-celebration-of-the-superchain/?utm_source=ForbesMainTwitter&utm_medium=social&utm_campaign=socialflowForbesMainTwitter) * [Puffer Unifi Based Rollup-Roadmap](https://x.com/puffer_finance/status/1826331327936737505) * [Rumours emerge that OPLabs is working on OP Succinct, an upgrade to turn the OP Stack into a full ZK Rollup](https://x.com/zachobront/status/1826691279809642830) * [Sony and Startale (DevLab behind Astar) announces the development of Soneium a L2 on top of Ethereum using the OP Stack](https://x.com/CoinDesk/status/1826831781548507604) * * * ### dApp World * [The Meridian Lending protocol deploys on Taiko](https://x.com/MeridianFi/status/1824471727910555720) * [The Holonym Privacy-Multiproducts project raises $5.5M Seed Round](https://x.com/0xHolonym/status/1824890631237652486) * [weETH + wrsETH lending markets introduced on Scroll by Lore.Finance](https://x.com/LoreFinance/status/1824560731070623919) * [SyncSwap teams up with Paymaster project Zyfi](https://x.com/syncswap/status/1825321287679610983) * [RHOMarkets X CoralApp partnership](https://x.com/RhoMarketsHQ/status/1825928577835246069) * [Pencils Protocol x Salus Audit](https://x.com/pencilsprotocol/status/1825427168895349194) * [The Carmine Options protocol gets onboarded on the Chainlink BUILD program](https://x.com/CarmineOptions/status/1825543343662661995) * [YieldNest, a Restaking platform, deploys on Base](https://x.com/YieldNestFi/status/1825525750751191289) * [Nimbora introduces the $sSTRK Yield bearing token](https://x.com/Nimbora_/status/1825866765399695473) * [The ETH button competition by StarknetID begins](https://x.com/Starknet_id/status/1825533542631362801) * [The FOAM Eth-transactions radio-sender project is live on Base and they're starting the sale of their antennas soon](https://x.com/foamspace/status/1824489179981795612) * [The first ever Governance vote on Starknet Mainnet after the $STRK token launch is on the horizon](https://community.starknet.io/t/upcoming-staking-vote/114485?u=boazstark) * [Kelp's Airdrop Gain exposure token is now available on Pendle](https://x.com/pendle_fi/status/1825877960399913215) * [MetaMask introduces the Send & Swap feature](https://x.com/MetaMask/status/1825974061207531676) * [Polygon Grants Roundup](https://x.com/0xPolygonEco/status/1825993561667514698) * [Interoperability chats with Optimism and Across about the ERC-7683](https://x.com/Optimism/status/1826003999612625165) * [Calimero integrates the Argent Wallet](https://x.com/CalimeroNetwork/status/1826211552384737738) * [Uniswap Community Research Program](https://x.com/UniswapFND/status/1826282167544259067) * [The Lore DeFi platform on Scroll begins its Initial Farming Offering of their token](https://www.lore.finance/announcing-lore-ifo-launch-details/) * [The Dojo Weekly Roundup](https://x.com/ohayo_dojo/status/1826330915858964926) * [Toppler X Argent Partnership and Implementation](https://x.com/TopperbyUphold/status/1826625819881447678) * * * ### Events * [StarkKorea in Seoul, Sept 2nd](https://x.com/Starknet_Asia_/status/1825367808164909210) * [Builder Nights Seoul Edition](https://x.com/eth_apple/status/1825573625115849041) * [SheFi Summit Singapore](https://x.com/LineaBuild/status/1826244948687233286) * [Polygon Dev Stop](https://x.com/0xPolygonEco/status/1826695838111789106) * * * ### Interesting Threads, Articles, Twitter Spaces * Our first ScaleWatching Podcast Episode: [![](https://paragraph.xyz/editor/youtube/play.png)](https://www.youtube.com/watch?v=I24w9NEQvyc) * [Explanation of the ERC-1155 Hybrid NFT Token by MetaMask](https://x.com/MetaMaskDev/status/1826728051213820246) * [Liquid Staking/ Restaking ELI5](https://x.com/0xNurstar/status/1826546104550166807) * **Unfortunately I accidentally cancelled most of the long list of info in this section and there's no "Undo" option on Paragraph yet, sorry about that!** * * * ### **Drama Section** * [Winning project of a Optimism Hackathon track complains of not having received their prize after three months](https://x.com/ThomasTurek/status/1825873323642765699). * * * Thanks a lot for reading the first edition of "ScaleWatching the Week". We're planning to add more sections from the upcoming editions. **Risk & Disclaimers: The content provided in this newsletter is for informational purposes only and should not be construed as financial, investment, or trading advice. Cryptocurrency investments are highly volatile and subject to significant risks, including the potential loss of your entire investment. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We do not endorse, recommend, or make any representations about the efficacy, accuracy, or completeness of any information provided herein. By reading this newsletter, you acknowledge and accept that you are solely responsible for any financial decisions you make.** --- *Originally published on [ScaleWatching](https://paragraph.com/@scalewatching/aug-17th-23rd)*