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February Avalanche Watch: Stay Updated on Avalanche Blockchain Developments

Posted on by CryptoCoinstart News Report
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Mar

What’s New on Avalanche

Avalanche is an open, programmable smart contracts platform for decentralized applications. It boasts one of the fastest time-to-finality (1 second) among blockchain platforms, is decentralized, enables interoperable app-chains within its ecosystem, is inexpensive to use, and customizable.

In this report, we will cover major news announcements, platform upgrades, projects, network performance, and more!

HyperSDK Release

Ava Labs released HyperSDK, a software development kit that allows developers to create custom virtual machines capable of handling thousands of transactions per second. This enhances customizability and domain-specific regulatory compliance. Listen to Emin Gün Sirer (Ava Labs CEO) and Patrick O’Grady (Engineering Lead) discuss HyperSDK here.

Tencent Cloud Partnership

Avalanche has partnered with Tencent Cloud to facilitate rapid node deployment, educational programs, conferences, and tools.

Intain Subnet

Intain Inc. launched IntainMARKETS, a marketplace for compliant tokenized asset-backed securities, on its own subnet.

Loco

Leading esports and live-streaming platform Loco joins the Avalanche Multiverse incentive program to develop Web3 products.

The Past Month in Decentralized Finance (DeFi)

  • BTC.b Adoption: BTC.b, an ERC20 token on Avalanche C-Chain bridged from Bitcoin, surpassed Lightning Network and WBTC in total value locked in DeFi.
  • Delta Prime Strategies: Delta Prime launched on Avalanche C-Chain, offering undercollateralized lending.
  • Aave and BenQi: Dominant DeFi projects in borrowing, lending, yield farming, and liquid staking protocols.
  • GMX: Decentralized exchange focused on perpetuals trading, experiencing significant growth.
  • Trader Joe: Leading DEX on Avalanche with increasing daily volume, expanding to other blockchains.

For detailed statistics and trends, explore The Tie’s DeFi Dashboard.

The Past Month in Gaming (GameFi)

In February, Avalanche witnessed several GameFi developments:

  • DOS Labs: Launching a high-speed gaming Subnet with no gas fees, providing an SDK for blockchain game integration.

Explore DOS Labs’ gameplay trailer here.

https://medium.com/avalancheavax/avalanche-watch-february-edition-fac85674a25f

CryptoCoinstart News Report