The ADI token has launched on Ethereum through the QuickSwap decentralized exchange, expanding accessibility for the ADI Chain ecosystem.​

Key Details:

• ADI token now tradeable directly on Ethereum via QuickSwap's token list
• Token serves multiple functions: native gas fees, payment settlements, and staking
• ADI Chain is developing the first Dirham-backed stablecoin with UAE institutions
• Partnership includes First Abu Dhabi Bank, ADQ, and IHC
• Stablecoin will be regulated by UAE Central Bank

Ecosystem Goals: ADI Chain aims to onboard 1 billion people to blockchain by 2030, focusing on underserved markets in the Middle East, Asia, and Africa.​ The project recently joined the ZKsync Elastic Network to enhance scalability and accessibility.​

The Ethereum listing provides traders with access to ADI through QuickSwap's low-fee, high-speed platform on Polygon.​

Owlto Finance reports a significant shift in Layer 2 bridge activity following market volatility on Aave.​ Users are moving assets from L2 networks back to Ethereum mainnet.​

Top Migration Routes (Apr 20-26):

• Arbitrum Nova → Ethereum
• zkSync → Arbitrum One
• Base → Ethereum

Most Active Networks:

• Base, Soneium, and Ink leading in both user check-ins and deployments

Bridge Performance:

• Average transaction speed: 9.​64 seconds
• Transfer limits: $10,000+

The data suggests users are prioritizing security over L2 cost savings during uncertain market conditions, with Ethereum serving as the preferred safe haven for digital assets.​

Aave service providers and ecosystem partners have established a recovery fund to restore rsETH's full backing following the April 18 Kelp DAO bridge exploit.​

Key developments:

• Recovery fund established with pending DAO votes, including Arbitrum governance proposal
• Technical alignment reached with Kelp DAO and LayerZero to execute recovery plan
• Multiple ecosystem partners contributing, including Lido, EtherFi, Ethena, and Compound
• Aave DAO proposed contributing 25,000 ETH to the effort
• Arbitrum DAO proposal submitted to release frozen ETH from Security Council

Current status:

• rsETH reserves paused across Ethereum, Arbitrum, Base, Mantle, and Linea
• WETH reserves on Ethereum Core V3 unfrozen; other markets remain frozen
• Final recovery plan and user steps to be announced shortly

The coordinated response demonstrates cross-protocol collaboration to address the incident's impact on affected users.​