Avalanche Weekly Recap Week 37 (8/9 -14/9)

Source : cryptodaily.io

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 and Txn Count reaches new ATH
  • Partnership Announcement: AMBUSH X Avalanche X OP3N
  • Partnership Announcement: Thor Financial X Bet Swirl
  • $AVAX is now live on FTX Japan
  • ETH is now available as collateral on Hubble Exchange
  • New York investment firm KKR&Co has put a portion of its private equity fund on Avalanche

Ecosystem Updates

Last week, Avalanche’s on-chain index showed positive signals as trading volume and gas used continuously made new highs. This week has been full of news regarding Avalanche protocols’ collaborations with major partners. This greatly benefits the users of this ecosystem, do not miss this opportunity.

Avalanche Highlight On-chain Data

  • Weekly total transactions: 14,964,419
  • Weekly Max TPS Observed: 296
  • Weekly Gas Used: 3,341,394,803,116
  • Highest Daily Gas Usage: 515,685,138,477
  • Highest Daily Transaction Count: 2,390,383

Avalanche C-Chain Daily Gas Usage and Txn Count reaches new ATH

On September 14, 2022, C-Chain’s Daily Gas Usage reached an ATH at 515,685,138,477. In the days before that, Daily Gas Usage and Transaction Count had continuously reached new highs. September’s weekly Transaction Count and Gas Used reached ATH. The amount of Gas Usage mainly comes from the Defi Kingdom (DFK Chain) subnet.

“A3” Partnership Announcement: AMBUSH X Avalanche X OP3N

Each A3 will unlock a physical #AMBUSH Lighter Case Necklace in a chrome red, and a raffle to win entry into our upcoming Milan Fashion Week party on 9/23.

  • 2023 limited edition lighter case necklaces
  • Designed by AMBUSH
  • Authenticated with an NFT hosted on Avalanche
  • Date: September 12th
  • Pow reboot/Gitd presale: 9AM PST
  • General-Sale: 6PM PST

Read more details here.

Partnership Announcement: Thor Financial X Bet Swirl

Avalanche Weekly Recap Week 37 (8/9 -14/9) - 2

This new partnership with Betswirl, a decentralized gambling platform, gives $THOR token holders access to their games and offers an additional revenue stream. 

ThorFi is supplementing Betswirl’s liquidity on AVAX in exchange for a portion of Betswirl’s future AVAX partner protocol revenue and until Thor recoup their initial investment, Thor Finance will receive an extra 5% return.

For community members, you’ll get access to Betswirl’s casino-style games using the $THOR token and any potential winnings, plus a portion of the revenue will be used for buybacks, increasing the $THOR token price.

Read more details here.

$AVAX is now live on FTX Japan

Avalanche Weekly Recap Week 37 (8/9 -14/9) - 3

FTX Japan is now offering trading for AVAX, the native token of the Avalanche blockchain (AVAX), increasing the presence of Avalanche in a key international market. The markets for AVAX on FTX Japan went live this week. Japanese customers can now trade AVAX/JPY and AVAX/USD pairs, as well as AVAX perpetual futures.

Read more details here.

ETH is now available as collateral on Hubble Exchange

Avalanche Weekly Recap Week 37 (8/9 -14/9) - 4

Now deposit ETH as collateral and maintain exposure to it during the merge while trading and/or making. 

Some sample strategies:

  • ETH-bullish, AVAX-bullish: Deposit ETH as collateral and long AVAX. Maintain exposure to your ETH, while also maintaining exposure to AVAX.
  • ETH-bullish, AVAX-bearish: Deposit ETH as collateral and short AVAX.
  • ETH-bullish, short volatility AVAX: Deposit ETH as collateral and LP in the AVAX-PERP vAMM. Maintain exposure to your ETH, while shorting volatility on AVAX. 

Read more details here.

New York investment firm KKR&Co has put a portion of its private equity fund on Avalanche

Avalanche Weekly Recap Week 37 (8/9 -14/9) - 5

NEW YORK–(BUSINESS WIRE) – Securitize, a leading digital asset securities firm, announced the launch of a fund tokenizing an interest in KKR’s Health Care Strategic Growth Fund II (“HCSG II”) on the Avalanche public blockchain.

Individuals will be able to invest in KKR&Co’s health-care fund through a tokenized feeder fund on the Avalanche blockchain provided by Securitize.

Read more details here.

Additional Notable Events

Kassandra DAO: $aHYPE upgrade has now started

DeFi Yield Protocol is officially live on hexagon.market

XAVA token has been listed on Bubblemaps

$CAI is now supported by Zerion

Coinbase wallet integrated Symbosis Finance

Smart Finance now has their OG NFTs listed on Alphashares

BENQI Liquid Staking has been integrated with Omni

The Imperium Empires PvP Streaming Battle Party is now available

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