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

Source : cryptodaily.io

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.

TraderJoe introduces Liquidity Book 

Avalanche Weekly Recap Week 34 (18/8 - 24/8) - 4
  • Improved concentrated liquidity design via micro, fixed-price bins
  • Composable LP positions via ERC20-like liquidity tokens
  • Volatility accumulator lowers the risk of impermanent loss

Read more details here.

Dexalot announces new Roadmap

Avalanche Weekly Recap Week 34 (18/8 - 24/8) - 5

2022:

  • Coreapp integration
  • Fuji subnet private testing
  • Fuji subnet public testing
  • Subnet production deployment
  • User incentive program
  • Yield bearing orders
  • New UI/UX

2023:

  • Perpetuals
  • Multi-chain
  • Mobile-App

Additional Notable Events

Partnership Announcement: TraderJoe X @OpenBlox X @RunBlox

Partnership Announcement: Volare X @Blizzard Fund

Castle Crush: NFTs are now playable in-game

OKLink adds support for Avalanche

Runblox app’s Swap Feature is now LIVE

Echidna has now acquired the @Platypusdefi Speedo #NFT

Imperium Empires Partnership with AirLyft

CAI’s second constituent: JOE
Avalanche Foundation launched Avalanche Rush one year ago

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