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
- @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
- 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
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
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.
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.