This week, Avalanche received a lot of positive news, most notably is the growth of the AVAX token for 7 consecutive days. Let’s take a look at the highlighted news as well as the important numbers of the week.
Key Takeaways
- Avalanche C-Chain Transaction count reaches new ATH
- Synapse now supports ETH on DFK chain
- Nansen integrates Joepegs and Campfire NFT marketplace data
- AVAX is now on Robinhood
- Binance Card has added $AVAX to the list of supported cryptocurrencies
- Hubble Exchange is now live on Mainnet
- Snakecity migrates onto Swimmer Network
- Core just announced its support for the Ethereum network and all EVM-compatible chains
Ecosystem Updates
Avalanche Highlight On-chain Data
- Weekly total transactions: 9,279,300
- Weekly Max TPS Observed: 177
- Weekly Gas Used: 2,010,542,086,428
- Highest daily transaction count: 1,514,880
- Average daily active addresses: 45,976
Avalanche C-Chain Transaction Count reaches new ATH
On July 29, 2022, C-Chain’s Daily Transaction Count reached an ATH at 1,514,880. In the days that followed, Transaction Count consistently made new highs. There is no official explanation for this, but in our opinion, the amount of transactions increased sharply due to the growth of users coming to Avalanche as well as the activity of NFT projects.
Synapse now supports ETH on DFK chain
ETH is now supported on DFK Chain. With this new functionality, DFK chain will be adding in a few ETH pairs. They will also be adding a JEWEL-USDC pair to have more accurate JEWEL pricing on DFK chain, given its importance to the subnet offering and recent events on Harmony pairs that affected pricing.
New Pools:
CRYSTAL – ETH 15%
JEWEL – USDC 4%
ETH – USDC 1%
Existing Pools Rebalance:
CRYSTAL- USDC 15% — No Change
CRYSTAL – AVAX 20% — Up 5%
CRYSTAL – JEWEL 10% — No Change
xJEWEL – JEWEL 35% — Down 25%
Nansen integrates Joepegs and Campfire NFT marketplace data
Nansen is a blockchain analytics platform, which combines on-chain data with a massive and constantly growing database containing millions of wallet labels.
According to Nansen’s twitter thread, Joepegs is the leading marketplace on Avalanche by weekly users (1,097) and transactions (2,015). Campfire is not far behind, with 1,066 users and 1,735 transactions last week. Followed by NFTrade, with 664 users and 986 transactions.
AVAX is now on Robinhood
Robinhood is a fee-free platform that makes trading in the stock market easy — too easy, according to some experts and regulators. And it doesn’t offer the tax-advantaged investment accounts that are key to building long-term wealth.
Read more details here.
Binance Card has added $AVAX to the list of supported cryptocurrencies
Binance Card is a Visa debit card connected to your Binance account. By loading up your Card’s Funding Wallet, you can spend crypto anywhere that Visa is accepted. It acts in the same way as the prepaid crypto debit cards.
As of 2022-08-05 at 07:00 (UTC), there are 14 supported cryptocurrencies on Binance Card: ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT and XRP.
Read more details here.
Hubble Exchange is now live on Mainnet
Hubble Exchange is a decentralized platform on the Avalanche chain that aims to build a perpetual futures trading protocol on the chain.
Key features:
- Trade perps while maintaining full exposure to your favorite coins
- Cross-Margining
- vAMM based on the CurveCrypto invariant
- Tokenizing perpetual positions
Snakecity migrates onto Swimmer Network
Snake City is a skill-based, yet simple, fun and addictive GameFi project that is inspired by the well-known browser-based game, Slither.io.
Snake City will begin migrating to Swimmer Network, and gradually launch new features and game modes, starting with Snake City Free Zones.
Core just announced its support for the Ethereum network and all EVM-compatible chains
Core Browser Extension Adds Support for Ethereum, Setting a New Standard for UX across Avalanche, Bitcoin and EVM Blockchains
After adding support for all blockchains running the Ethereum Virtual Machine, Core becomes the first browser extension to allow seamless switching across all major blockchains, including Avalanche, Ethereum and Bitcoin.
New features:
- Compatibility with Ethereum
- Support for Customized Subnets
- Fast Switching
Read more details here.
Additional Notable Events
Cask Protocol’s recurring money flows are now live on Avalanche
Partnership Announcement: YAY.GAMES X ARtonar
Partnership Announcement: Revenant X Rome Blockchain
The Fabled is coming to Avalanche
Partnership Announcement: Pangolin X Pulsar
Uquid added support for USDC and AVAX payments on Avalanche
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