1/ Avalanche isn't yet another over-hyped, centralised blockchain with no innovation
#Avalanche is the only consensus that can scale the active validator set whilst also offering visa-level throughput, sub second finality and unparalleled decentralisation cryptoseq.medium.com/what-sets-aval…
2/ Avalanche is a highly customisable Layer 0 heterogeneous platform of platforms, enabling an unlimited amount of blockchains to be built on top, with support not just for the EVM, but for any custom VM whilst using the revolutionary Avalanche consensus. medium.com/avalanche-hub/…
3/ Allowing projects from any blockchain to ultimately be easily ported over & benefit from the performance, decentralisation, and customisation Avalanche offers, whilst integrating with existing tooling and appealing to developers who want to use certain smart contract languages
3/ Whether that be @elonmusk building a DOGE subnet, integrating the Doge VM, swapping out the legacy consensus & energy consuming PoW for visa-level throughput, sub second finality, secure, decentralised and extremely energy efficient platform.
4/ Whilst taking a snapshot of existing holders and transferring them over whilst continuing to use $DOGE as its native token and focusing just on the application layer whilst benefiting from interoperability with all of the other subnets on the platform
4/ As well as offering regulatory compliant subnets with complex rulesets for enterprise workloads that may require validators hold a certain license, or be within a certain jurisdiction. From permissioned, Semi-permissionless or fully permissionless subnets are all possible.
5/ Other blockchains that previously have sarcificed decentralisation and even security for performance can also integrate and swap out their consensus for Avalanche, whilst being interoperable with all the other subnets creating incredible network effects cryptoseq.medium.com/unlike-other-b…
6/ Being a leaderless blockchain, not limited to a small no. of validators, combined with sub second finality offers strong MEV resistance compared to other platforms. So not only do you benefit from cheap fees and a decentralised secure network but also don’t get front run.
7/ $AVAX is a fixed capped supply token like $BTC which creates scarcity and won’t suffer from the continuous dilution through inflation like other staking platforms. medium.com/avalanche-hub/…
8/Transaction fees across all the blockchains in the Primary network, fees for creating and minting of assets, creation of blockchains and the creation of subnets are all paid in #AVAX which are burned, reducing total supply. $1.2 Million has been burned in the last 2 weeks alone
9/ What sets #Avalanche apart from other Blockchains?
10/ There is so much happening on all fronts, from lots of upgrades to the tech, new vastly improved bridge, dynamic fees bringing cost of transactions down, so many important DeFi lego pieces all coming online, innovative new projects as well as blue chip DeFi protocols
11/ launching on Avalanche, and now all fueled with $180 million in incentives, creating incredible positive feedback loops, and still we are just scratching the surface of its potential. This is just one subnet, think of the network effects
12/when there are thousands of subnets, with enterprises, DeFi, governments and the $100’s of trillions in traditional finance all able to interoperate, and use a consensus that can scale without sacrificing the most important thing, decentralisation #AVAX
1/ #Avalanche Rush has barely even begun yet and looks set for exponential growth over the coming months
With Major DeFi Blue Chip Protocols about to launch, $10 Billion+ Dollar Asset classes, Trillion dollar markets, Exchange Listings, Subnets & more
Have you bridged yet?
🧵👇
2/ Currently only @BenqiFinance incentives are live on Avalanche Rush and within 2 weeks since launching it has more attracted more than $2 Billion TVL 👀
That is more than Fantom, Cosmos Hub, Tezos, NEO, Algorand, Cardano, Polkadot, Optimism & Arbitrum COMBINED 🤯
3/ The program has barely started yet
Incentives used: Less than $1 Million
Incentives to go: $469 Million
$AVAX Price: 3x in 3 weeks
1/ Solana is good and all, but it also has its disadvantages / inflated metrics which very few people seem to talk about. In addition to the answers given to @RyanSAdams and @TrustlessState I would also add the following 👇
2/ Whilst everyone talks about the high specifications of buying and running a machine (24 cores, 128 GB Memory, 2 TB NVMe, 1 GB Network and high end graphics card) many don't realise that Solana is the only blockchain that does consensus votes on chain)
3/ Up to 80% of tps are consumed just by validators voting on consensus. Even with the cheap cost per transaction, each validator has to spend between 1 and 2 SOL every day just voting in consensus.
2/ Sushiswap did $26 Billion volume in May, if Injective does that volume it would mean the total trading fees (maker + taker (0.3%)) would be $78 Million for the month
🔥60% are used to buy back and burn $INJ: $46.8 Million each month
🧑🤝🧑40% used for referrals: $31.2 Million
3/ 60% of the fees worth $46.8 Million (which contain lots of different tokens through the various pairs) will be auctioned (normally this will be every 2 weeks but for this example I will use per month as that is what the reported exchange volume of Sushiswap was based on)
This is just with $3 Million of the incentives currently in place with BENQI, there is another $177 Million still to come, with blue chip DeFi Protocols such as Aave, Curve and that's just phase 1 with more on the way
Plus so much more
2/ Dynamic Fees reducing fees by up to 66%
New $10 Billion+ Asset Class
$280 Trillion Real Estate Market coming to #Avalanche
Order Book DEXs
Permissionless Interoperable Subnets allowing entire blockchains to build and interoperate on #Avalanche
Not even listed on Coinbase yet.
3/ Avalanche offers an incredibly customisable platform that not only caters for but is the best platform for all requirements from DeFi, Payments, NFTs to Enterprises and the 1000’s of trillions of dollars in the traditional finance world.
2/ In addition to the new fast, secure and cheap Ethereum bridge, so many important DeFi lego pieces are all going live as well as innovative new asset classes. Examples of some of the projects that are launching soon below.
1/Quant are providing interop for LACChain the regional blockchain network for Latin America backed by the Inter-American Development Bank
Working with banks (CitiBank🤔)to enable cross border payments as well as work on a Multi-DLT Retail CBDC for the Latin Amercian Dollar $QNT
2/ Quant will be providing interopability with other regional networks such as The European Commissions European Blockchain Services Infrastructure and China. Initially consisting of 12 countries using Overledger to create an Interbank Network for payments ledgerinsights.com/idb-backed-lac…
3/ The Latin American Dollar will be used for Welfare and Emergency Payments in the Latin American and Caribbean Regions funded through the Inter-American Development Bank.