Avalanche Weekly Recap Week 34 (18/8 – 24/8) - CryptocoinStart

This week, Avalanche received a lot of positive news from both Defi and Gamefi projects, and the ecosystem is moving forward every day. Let’s take a look at the highlighted news as well as the important numbers of the week.

TL;DR

Avalanche C-Chain Gas Used reaches new ATH
CAI announces partnership with Yeti Finance to enable leverage
Castle Crush: NFTs are now playable in-game
Film Finance Offering (FFO) is live on Avalanche
OKLink adds support for Avalanche
TraderJoe introduces Liquidity Book
Dexalot announces new Roadmap
Avalanche Foundation launched Avalanche Rush one year ago

Ecosystem Updates

Last week, Avalanche’s on-chain index showed positive signals as trading volume and gas used continuously made new highs. This week is the week of the 1st anniversary of Avalanche Rush, and a lot of good news comes from the projects in the ecosystem, especially Gamefi.

Avalanche Highlight On-chain Data

Weekly total transactions: 9,458,701
Weekly Max TPS Observed: 130
Weekly Gas Used: 2,540,398,638,284
Highest daily Gas Usage: 402,247,148,849
Average daily active addresses: 365,769,289,681

Avalanche C-Chain Gas Usage reaches new ATH

On August 24, 2022, C-Chain’s Daily Gas Usage reached an ATH at 402,247,148,849. IIn the days before that, Gas Usage had continuously reached new highs. The amount of Gas Usage mainly comes from the Defi Kingdom (DFK Chain) subnet.

CAI announces partnership with Yeti Finance to enable leverage

The integration of CAI onto the Yeti Finance protocol will enhance the index’s utility, allowing investors to deposit $CAI, borrow against it and leverage.

Thanks to this integration, CAI investors will be able to unlock deep liquidity, borrow at sound collateral ratios while continuing to earn yield rewards generated from CAI.

The integration of CAI onto the Yeti Finance platform will take place after CAI’s launch, once the index secures a deep liquidity position amongst other strategic requirements:

$5–10M liquidity for the asset itself, or atomic redeem-ability for an asset with $5–10M liquidity (such as for qiTokens).
Strong community-agreed trust, sourced from audits and amount of time the token has been live.
Reliable price oracle that is unable to be manipulated.

Read more details here.

Film Finance Offering (FFO) is live on Avalanche

Avalanche Weekly Recap Week 34 (18/8 - 24/8) - 2

WPF Launches Tokenized Film Finance Offerings (FFO) Hosted by Republic, Tokens To Be Built and Distributed on Avalanche.

Republic, a platform that makes private investment more accessible to all, has facilitated an offering that utilizes a new digital asset: a Film Finance Offering (FFO) built on Avalanche. The first tokenized FFO began accepting investment commitments yesterday, ushering in a new era of film financing.

Read more details here.

OKLink adds support for Avalanche

Avalanche Weekly Recap Week 34 (18/8 - 24/8) - 3

OKLink has just released its support for the Avalanche ecosystem by adding AVAX C-Chain explorer to its multi-chain explorer matrix.

As introduced by the OKLink team, the newly added AVAX C-Chain explorer has emphasized the visualization of various information to make it more convenient for data analysis and in line with most users’ usage habits. For instance, the main page of the AVAX C-Chain explorer allows users to explore the Avalanche C-Chain for the overall status of transactions, addresses, tokens, and other activities, all in a card view. Besides, it is also possible to quickly jump links between addresses or directly to the Defi info panel through hyperlinks here and there on the main page.

Read more details here.