Q2 2021 has come to a close and @avalancheavax has seen a rapid growth despite very tough market conditions.

Here's a not-so-short recap of some $AVAX #DeFi highlights. 👇
April:
- @avalancheavax reached 1M transactions on the C-Chain.
- @penguin_defi captured almost $7M TVL in a single day; passed $9M next day and $20M shortly after that.
- @AvaxStars sold almost 4,000 #NFTs in a single day
- @pangolindex and @snowballdefi launched on-chain governance
- @AvaxPodcast went on air and started interviewing $AVAX builders
- @yieldyak_ announced its protocol token $YAK
- @avalancheavax minted its 1 millionth block on the C-Chain
- @OliveCashBsc launched on $AVAX
- @yieldyak_ assumed a voluntary auditor role warning other projects about potential bugs
- @iomarkr has quickly become "the" DeFi dashboard
- @snowballdefi reached $25M TVL
- @LydiaFinance went live and had best APYs for a while
- @OfficialZeroDEX announced v2 and became a #QUADDEX, connecting four different blockchains
- @BenqiFinance had a much anticipated public sale
- @TrustSwap became an incubator for $AVAX projects and partnered with @gate_io
- @gate_io integrated the C-Chain and $VSO became the first C-Chain token listed on CEX
- @sherpa_cash (privacy tx) came out of stealth mode
- @AvalaunchApp revealed the details for the public sale.
- @gondola_finance announced plans to collaborate with @OfficialZeroDEX
- @fraxfinance and @snowballdefi partnered for stablecoin swaps
- burnedavax.com happened
- @snowflakeavax beta went live
- $SPORE happened and brought a lot new users to #Avalanche
- @Baguette_avax set the trend of airdropping tokens to $AVAX validators and delegators
May:
- @pangolindex became a DAO employer and hired its first employees
- @snowballdefi, @pangolindex, @elk_finance et al. launched campaigns to donate to the India Covid relief fund
- @ChartExPro liquidity mining program started on $AVAX instead of #BSC
- Over $180M migrated from #Ethereum to #Avalanche
- @btcturk listed $AVAX
- A LOT of airdrops happened
- @avalancheavax exceeded 2M total transactions on the C-Chain
- $xSNOB has been introduced by @snowballdefi
- $XAVA and $VSO had rough IDOs
- @AvaxHusky released the hit song "wen moon, when lambo" and some merchandising
- A cup of coffee was bought using $AVAX from a vending machine
- $USDT (and later $USDC) announced plans to launch on #Avalanche.
- @avalancheavax hit 100K followers
- @CanaryDex went live
- @penguin_defi launchpad was announced
- @pangolindex officially hired a core team
- @sherpa_cash's Trusted Ceremony had a record participation
- @marginswap released a beta version
- @AvawareAVE brought a group of talented devs to #Avalanche
June:
- @elk_finance revealed plans to become a next-gen decentralized network for cross-chain liquidity
- @penguin_defi launched a compounder and partnered with several other projects
- @iomarkr released its DEX aggregator
- @AVME_IO released its desktop wallet
- @GetKalao teased us with a cross-chain (X&C) #NFT marketplace and a #VR gallery
- @snowballdefi started sharing platform revenues with $XSNOB holders
- @chainlink price feeds went live on the testnet
- @avaxcells, an NFT game, went live
- @traderjoe_xyz teased its beautiful UI and team's witty personality
- @AvalaunchApp helped establishing @kucoincom - @avalancheavax C-Chain bridge
- @AspenProtocol, @KuuFinance and many other projects introduced themselves
Last but not least, BIG THANKS to these hard-working community members, who help spread the word about $AVAX:
@CryptoSeq, @FaridRached, @CederNets, @rogerclu, @jtrollip, @CollinCusce, @notexeditor, @bit_gossip, @AVAXDaily, @avaxholic, @LLcryptoJ and others I forgot to mention...

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More from @demirelo

10 May
My airdrop “farming” strategy:

I’m officially requesting 1/3 of the airdrop if somebody tagged me in their quote tweet. Many thanks in advance 🥸

$SHERPA $AVAX
Read 18 tweets
9 May
Weekly update on the number of active validators securing major #PoS blockchains:
#BSC: 21
$FTM: 43
$ATOM: 125
$DOT: 297 (parachain: 297/N)
$XTZ: 415
$SOL: 563
$AVAX: 948
$ADA: 2396*

*see my comments at the end of the thread
Calculated numbers for stake inequality.

How much of the total stake belongs to Top 10% validators (min. 10) - data: @StakingRewards:
$ATOM: 13 -> 52.4%
$DOT: 30 -> 30.6% (pot. worse for parachains)
$XTZ: 42 -> 57.7%
$SOL: 56 -> 39.5%
$AVAX: 95 -> 74.6%
$ADA: 240 -> 75%+
Top 10% active validators of all these #PoS blockchains control critical stake (i.e., above their respective safety/liveness thresholds).

While this is concerning, most networks are still young and will (hopefully) improve their stake decentralization with time.
Read 6 tweets
8 May
Good analysis by @sergio_2098. I'll discuss the passive income stream side of $YAK here. #NotFinancialAdvice

@yieldyak_ daily rev. is (at least) $19K or 0.07% of its TVL.

Even w/o compounding, that'll be approximately $1.9/day/YAK or almost $700/year/YAK of passive income!
If you had participated in @yieldyak_ TG channel early, deposited some funds in $YAK pools and hit the "reinvest" button, you should expect to receive at least 5 $YAK in your wallet.

An airdrop that could yield ~$3500/year.
If $AVAX #DeFi continues to grow, not only @yieldyak_ mcap will grow but so will its TVL and revenues.

And that's all excluding compounding of the rewards!

As long as the bull run continues, with compounding, $YAK could prove to be a fantastic source of passive income.
Read 5 tweets

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