According to @overlayprotocol on Twitter, the M2 token by Overlay Network has recently seen increased on-chain activity and trading volume, particularly following its latest protocol upgrade announcement. Data from Dune Analytics confirms a surge in daily active addresses and a 35% rise in M2 trading volume on decentralized exchanges over the past week (source: Dune Analytics, 2024-06-12). Technical analysis from TradingView shows that M2 has breached a key resistance level at $0.24, establishing potential bullish momentum for short-term traders. The Overlay team has also implemented a new risk parameter adjustment, which may affect leveraged trading strategies (source: @overlayprotocol, 2024-06-12). Traders should closely monitor liquidity shifts and upcoming governance votes, as these factors are likely to introduce further volatility into M2 markets.

According to @dydxfoundation, an on-chain vote has been initiated to decide whether the dYdX community should upgrade the dYdX Chain Protocol Software to version 5.1.0. The voting period will end on July 23, 2024, at 15:02 UTC. Traders should monitor this vote as the outcome could impact the functionality and performance of the dYdX platform.