1/17
🔺 #Avalanche Weekly Landscape
🧵 This thread will cover:
- Highlight numbers on Avalanche W21
- Highlight news on Avalanche W21
- Ecosystem deep dive
Let's jump right in ⬇️
🔺 #Avalanche Weekly Landscape
🧵 This thread will cover:
- Highlight numbers on Avalanche W21
- Highlight news on Avalanche W21
- Ecosystem deep dive
Let's jump right in ⬇️
2/17
⬩ Some highlight numbers on Avalanche:
- Total txs on the DFK Chain subnet exceed 13M
- In terms of Eth Bridge TVL, Avalanche Bridge ranked 3rd: $2.1B
- $AVAX burned: 1.8M+
- Top 4 DeFi TVL ranking: $4.22B
- Unique Contracts Deployed spiked to 166k
⬩ Some highlight numbers on Avalanche:
- Total txs on the DFK Chain subnet exceed 13M
- In terms of Eth Bridge TVL, Avalanche Bridge ranked 3rd: $2.1B
- $AVAX burned: 1.8M+
- Top 4 DeFi TVL ranking: $4.22B
- Unique Contracts Deployed spiked to 166k
3/17
⬩ Highlight news on #Avalanche:
- Details around the $AVAX reserves that the Luna Foundation Guard and Terraform Labs hold:
+ TFL purchased 1.09M $AVAX, 1 year lockup
+ LFG purchased 1.97M $AVAX, to be used for the Terra reserve pool.
⬩ Highlight news on #Avalanche:
- Details around the $AVAX reserves that the Luna Foundation Guard and Terraform Labs hold:
+ TFL purchased 1.09M $AVAX, 1 year lockup
+ LFG purchased 1.97M $AVAX, to be used for the Terra reserve pool.
4/17
- Avalanche FUD?
Some think that C-Chain utilization has dropped dramatically, resulting in a sharp decrease in the number of AVAX burning fees
→ That leads to negative impacts on AVAX's tokenomics as well as the benefits of validators.
- Avalanche FUD?
Some think that C-Chain utilization has dropped dramatically, resulting in a sharp decrease in the number of AVAX burning fees
→ That leads to negative impacts on AVAX's tokenomics as well as the benefits of validators.
5/17
@el33th4xor and some community members spoke out to clarify the situation:
- The decrease in the number of txs on C-Chain is due to the fact that the largest dapps are gradually moving to their own subnets
- The network is still working fine, the fee is stable at $0.05
@el33th4xor and some community members spoke out to clarify the situation:
- The decrease in the number of txs on C-Chain is due to the fact that the largest dapps are gradually moving to their own subnets
- The network is still working fine, the fee is stable at $0.05
6/17
- The total number of txs on the subnets plus C-Chain remains notable, even reaching an ATH of 1.3M txs
The flywheel of the current ecosystem goes like this:
Ppl use C-Chain because it is a decentralized, cheap, liquid blockchain → C-Chain becomes congested, expensive...
- The total number of txs on the subnets plus C-Chain remains notable, even reaching an ATH of 1.3M txs
The flywheel of the current ecosystem goes like this:
Ppl use C-Chain because it is a decentralized, cheap, liquid blockchain → C-Chain becomes congested, expensive...
7/17
... → Dapps move to subnets to lower fees and isolate activity → New validators launch, lock $AVAX and use $AVAX to provide liquidity → C-Chain is cheap again & repeat.
... → Dapps move to subnets to lower fees and isolate activity → New validators launch, lock $AVAX and use $AVAX to provide liquidity → C-Chain is cheap again & repeat.
8/17
- Avalanche proposes to build a subnet for the Apes
The Avalanche core team has submitted a proposal suggesting that the Otherside metaverse should migrate to the Avalanche blockchain to take advantage of txs speed, higher throughput and the ability to use $APE as gas fees
- Avalanche proposes to build a subnet for the Apes
The Avalanche core team has submitted a proposal suggesting that the Otherside metaverse should migrate to the Avalanche blockchain to take advantage of txs speed, higher throughput and the ability to use $APE as gas fees
9/17
The proposal is still in an early discussion phase, some ppl support the deployment on a subnet, while others believe Otherside must be Ethereum native and wish to deploy on an L2.
- @CoinbaseWallet in-app DEX swap feature now supports Avalanche
The proposal is still in an early discussion phase, some ppl support the deployment on a subnet, while others believe Otherside must be Ethereum native and wish to deploy on an L2.
- @CoinbaseWallet in-app DEX swap feature now supports Avalanche
10/17
⬩ Ecosystem deep dive
- @Platypusdefi is launching The Factory Pool.
This pool is used for maximum risk stablecoins, it will not have a boosting option and there is no price oracle. Trades will not stop in the event of a depeg.
⬩ Ecosystem deep dive
- @Platypusdefi is launching The Factory Pool.
This pool is used for maximum risk stablecoins, it will not have a boosting option and there is no price oracle. Trades will not stop in the event of a depeg.
https://twitter.com/Platypusdefi/status/1528383788522557440
11/17
- @traderjoe_xyz announced the new Rocket Joe Launch project: @WyndBlast
The WyndBlast's 9k Genesis NFTs sold out. Daily Questing will be deployed on June 2nd, bringing in new utility for the NFTs + $CHRO.
Stake $JOE to rJOE to access the event
- @traderjoe_xyz announced the new Rocket Joe Launch project: @WyndBlast
The WyndBlast's 9k Genesis NFTs sold out. Daily Questing will be deployed on June 2nd, bringing in new utility for the NFTs + $CHRO.
Stake $JOE to rJOE to access the event
https://twitter.com/traderjoe_xyz/status/1531304741636132865
12/17
- #JOEWars update: @vector_fi is still taking the lead. To catch up, @steakhut_fi launched an incentive program with an APR of 370% to encourage users to convert zJOE (staked JOE on Vector) into hJOE. This basically vamps $JOE from Vector.
- #JOEWars update: @vector_fi is still taking the lead. To catch up, @steakhut_fi launched an incentive program with an APR of 370% to encourage users to convert zJOE (staked JOE on Vector) into hJOE. This basically vamps $JOE from Vector.
13/17
- @SwimProtocol, a Seamless Multi-Chain Liquidity Protocol now supports Avalanche
- @SwimProtocol, a Seamless Multi-Chain Liquidity Protocol now supports Avalanche
https://twitter.com/SwimProtocol/status/1527620278330839040
14/17
- @yieldyak_'s new yield-bearing liquid staking token yyAVAX is getting closer to launch
• 100K yyAVAX will be available to be minted for AVAX starting at a 1:1 ratio
• yyAVAX holders will immediately start earning yield generated from the Avalanche P-Chain.
- @yieldyak_'s new yield-bearing liquid staking token yyAVAX is getting closer to launch
• 100K yyAVAX will be available to be minted for AVAX starting at a 1:1 ratio
• yyAVAX holders will immediately start earning yield generated from the Avalanche P-Chain.
15/17
- @YetiFinance is actively collaborating with other Avalanche projects to expand YUSD adoption and diversify collateral assets
Some recent partnerships:
- @YetiFinance is actively collaborating with other Avalanche projects to expand YUSD adoption and diversify collateral assets
Some recent partnerships:
https://twitter.com/YetiFinance/status/1531002440832626688
https://twitter.com/YetiFinance/status/1528819871584178176
https://twitter.com/Platypusdefi/status/1528406579183513601
https://twitter.com/YetiFinance/status/1527533898120437763
16/17
- @avvydomains, a naming service designed to support the Avalanche ecosystem, is holding a Dutch-style auction for those who want to own .avax domain names.
Detailed auction guide:
- @avvydomains, a naming service designed to support the Avalanche ecosystem, is holding a Dutch-style auction for those who want to own .avax domain names.
Detailed auction guide:
https://twitter.com/avvydomains/status/1529520791582388224
17/17
- @wildlifestudios is bringing @playcastlecrush to Web3 on Avalanche
@playcastlecrush announced a partnership with @EdenNetwork to deploy a subnet in the future. Eden Network will provide validation services on the Castle Crush subnet.
NFT mint scheduled on June 6
- @wildlifestudios is bringing @playcastlecrush to Web3 on Avalanche
@playcastlecrush announced a partnership with @EdenNetwork to deploy a subnet in the future. Eden Network will provide validation services on the Castle Crush subnet.
NFT mint scheduled on June 6
• • •
Missing some Tweet in this thread? You can try to
force a refresh
