🍌 Anvil Protocol Launches on ApeChain with Camelot Liquidity Infrastructure

Cypher Ethereum has launched its airdrop distribution for xGRAIL holders, following the protocol's expansion to Ethereum Layer 1 in late 2025. **Key Details:** - The airdrop rewards xGRAIL holders as part of Cypher's expansion using Camelot's liquidity infrastructure - Claims are available at [app.cyphereth.com/airdrops/xgrail](https://app.cyphereth.com/airdrops/xgrail) - This marks Cypher's transition from Camelot's Layer 2 DEX foundation to building capital markets on Ethereum mainnet The distribution follows Cypher's announcement in November 2025 about expanding Camelot's three-year-old Layer 2 DEX infrastructure to Ethereum L1. **Check your eligibility and claim your CYPH tokens at the airdrop portal.**

Camelot is deploying its liquidity infrastructure on Robinhood Chain's testnet, marking another expansion of its Orbital Liquidity Network. **Key Details:** - Robinhood Chain is a new Layer 2 built on the Arbitrum technology stack - Camelot has been providing liquidity infrastructure to Arbitrum-based L2s and L3s for the past 2 years - The deployment brings Camelot's battle-tested infrastructure to Robinhood's blockchain ecosystem This integration continues Camelot's strategy of supporting builders across the Arbitrum network with customizable liquidity solutions.

Camelot, the Arbitrum-focused decentralized exchange, achieved **$24 billion in spot trading volume** throughout 2025, marking a significant milestone for the protocol. **Key Highlights:** - The platform's Orbital Liquidity Network expanded to support **14 Arbitrum chains** - Recent 24-hour volume hit **$420 million**, setting a new all-time high - The protocol continues to focus on providing deep, sustainable liquidity for Arbitrum ecosystem builders Camelot's customizable infrastructure enables both developers and users to access adaptable liquidity solutions, moving beyond traditional DEX designs with a composability-first approach. The growth demonstrates increasing adoption of the platform's tailored liquidity mechanisms within the Arbitrum ecosystem.

**CYPH ICO goes live today at 4pm UTC** for eligible xGRAIL holders with whitelist allocations. **Key Details:** - Holders of 10+ xGRAIL: $5,000 allocation - Holders of 1-10 xGRAIL: $500 allocation - First 24 hours exclusive to whitelisted users **Airdrop Distribution:** - 9k eligible xGRAIL holders will receive 30M xCYPH tokens (3% total supply) - Distribution occurs after CYPH Token Generation Event next week **CYPH leverages Camelot's liquidity infrastructure** to support Ethereum Mainnet builders. The snapshot closed December 8th for staked or non-vesting xGRAIL holders.