Thread by @avaxholic

HOW DOES SUBNET CHANGE THE AVALANCHE ECOSYSTEM? (PART 1)

Since $290 million incentive for subnet development, we've seen two projects that have launched subnet, @DefiKingdoms and @PlayCrabada. Let's take a look at the achievements that these two have achieved!

A thread 🧵

1. DEFI KINGDOMS (DFK CHAIN)

1.1/ Overview:
@DefiKingdoms is a #PlayToEarn game on the Harmony #Blockchain platform, the DeFi Kingdoms ecosystem is a combination of games, DEX and Liquid Pool. Up to now, DeFi Kingdoms is the TVL leading protocol of the Harmony ecosystem.

1.2/ How they run Subnet:
- Token $JEWEL was chosen as the gas fee and players only need to hold $JEWEL to pay gas fee
- DeFi Kingdoms uses $JEWEL to control gas fees and keep gas fees as low as possible so that players don't have to worry about high gas fees

- The collected gas fee will divide 25% for validators, 50% for burn, 25% for players and the community 👀

1.3/ Notable numbers DFK achieved after launched:
- After 1 day of launch, the DFK chain's TVL has reached $345M, surpassing L1 blockchains (@Cardano's TVL is $334M) and ranked 18th among EVM chains with the highest number of TVLs

👉 Check our graphic

- The daily transactions of the DFK chain reached 4,003 transactions (compared to Cardano's 4,750 transactions)
- Total daily transactions Avalanche + DFK reached 1.09 million transactions (only 100K lower than ETH)

- Very cheap transaction fees averaged at $0.0025
- Over $500M bridged to @DefiKingdoms chain through @SynapseProtocol in one day 🤩

2. CRABADA (SWIMMER NETWORK)

2.1/ Overview: @PlayCrabada is a #P2E game built on #Avalanche, which is also the largest game project on #AVAX. At one point, Crabada's transactions accounted for nearly 50% of the C-Chain network.

=> Therefore, this project decided to launch a subnet to increase the player experience. 🥰

2.2/ How they run Subnet:
- $TUS was chosen as a gas fee for the purpose of reducing gas fees by 80-85%
- The collected gas fee will divide 50% for burning (80% in the future), 40% for validators, 10% for the ecosystem

2.3/ Notable numbers after launching:
- The gas fee has decreased more than 50 times after running subnet
- After 1 month, the highest gas fee recorded was $5.4K (calculate by $TUS), while the achieved before launching the subnet was more than $600K (calculated by $ETH)

- 33 million $TUS tokens (equivalent to $500K) were burned because of the exciting in-game activities, high speed, and low gas fees. 🔥

3. CONCLUSION

With the successful launch of the @DefiKingdoms Chain, @swimmer_network, and many more to come, we have reasons to believe that the Subnet will become a significant tool for #Avalanche to expand its network and elevate projects that choose Subnet. 🔺

Discuss here: t.me/avaxholic_chat