This week, Avalanche received a lot of positive news from many 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 Daily Gas Usage remains high
- Boba Network is coming to Avalanche
- Partnership Announcement: Fringe Finance X Kyber Network
- ChainHop x Stargate: Unifying Liquidity Pools
- ETHA Lend is LIVE on Avalanche
- RE protocol rebuilds new reinsurance protocol on Avalanche
- Avalanche has joined the Chainlink SCALE program
Ecosystem Updates
This week, the on-chain indices are not as explosive as in previous weeks. However, Avalanche has news about collaborations with other ecosystems as well as projects with some important announcements, don’t miss it.
Avalanche On-chain Data Highlights
- Weekly total transactions: 14,763,674
- Weekly Max TPS Observed: 414
- Weekly Gas Used: 4,577,103,172,723
- Highest Daily Gas Usage: 651,040,242,231
- Highest Daily Transaction Count: 2,513,399
Avalanche C-Chain Daily Gas Usage remains high
This week, the amount of gas used and transaction count is no longer breaking the top like in previous weeks. In particular, the transaction count shows a fairly fast decreasing trend, but gas used remains high. And like other weeks, the amount of gas used still mainly comes from the DFK chain.
Boba Network is coming to Avalanche
Boba Network officially launching (L2 scaling solution) on Avalanche. This is a significant opportunity for web3 devs because Boba Network is not only the first L2 that’s multichain, but with our Avalanche integration, they’re also first-to-market as a Layer-2 to serve a non-Ethereum blockchain.
For web3 developers, this means that we are making it super easy to build your next dApp or game with all the benefits that Avalanche brings to the table, such as: High Performance, Secure, Customizable.
Read more details here.
Partnership Announcement: Fringe Finance X Kyber Network
Fringe has previously announced our integration of Kyber Network’s $KNC into Fringe’s PLP. Holders are now able to use $KNC to get overcollateralized $USDC loans without the need to sell their assets
$FRIN will be whitelisted into the KyberSwap DEX aggregator platform. Thanks to this, $FRIN holders will be able to fully use KyberSwap to trade $FRIN.
Read more details here.
ChainHop x Stargate: Unifying Liquidity Pools
Stargate helps ChainHop massively with one type of liquidity in particular: stablecoins.
Stargate LPs will also benefit from this as their liquidity will be utilized through the ChainHop protocol, generating more rewards overall.
Read more details here.
ETHA Lend is LIVE on Avalanche
ETHA is making their first step into ETHA Lend’s multi-chain future with the launch on Avalanche.
They’re deploying 4 new eVaults, including 2 compounding eVaults, and 2 volatile asset eVault strategies on Avax. This is now open to deposits at ETHA Lend (https://app.ethalend.org/#vaults)
Read more details here.
RE protocol rebuilds new reinsurance protocol on Avalanche
Re, a blockchain-powered reinsurer that has just left stealth mode after securing funding, is building a decentralized reinsurance marketplace on Avalanche. Re will build on Avalanche’s Primary Network and a Subnet. The main dapp will live on the Primary Network, and private information will be warehoused on a Subnet.
The integration will tokenize reinsurance, making it more widely available beyond its historical class of institutional participants.
Read more details here.
Avalanche has joined the Chainlink SCALE program
Chainlink SCALE will enable blockchains and layer-2 networks to fast-track smart contract innovation in their native ecosystems by covering certain operating costs of Chainlink oracle networks.
SCALE supports the growth of participating chains by helping them obtain access to new oracle services and/or oracle configurations specific to their dApp’s ecosystem needs, such as Data Feeds with higher update frequencies to enable more advanced and low-latency smart contract applications.
Read more details here.
Additional Notable Events
Partnership Announcement: Metaderby X Blumint
Copper Staking supports Avalanche
SnakeCity is officially LIVE on Swimmer network
WOO Network’s Supercharger vaults are now live on Avalanche
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