This Avalanche weekly recap is for informative purposes only and not investment advice. Let’s have a look at the new updates this week.
Network Growth
Total Value Locked
After recovering the previous week, there was a slight reflection last week. The Total Value Locked in 7-days has decreased 10.5%, from $5.5 billion to $4.92 billion. Avalanche is currently in fourth place in the top 5 ecosystems. The money flow has not yet flowed heavily into Defi.
Stablecoin Supply
The total supply of stablecoins on Avalanche is currently $3.1b, Up 4.72% from $2.96b to $3.1b in a week.
In which $USDC accounted for 64.86% with a supply of $2.02b, $USDT accounted for 22.82% with a supply of $709.49m. The rest are other stablecoins, accounting for 12.32%.
Highlight Events
Unmarshal Partners with Avalanche to Provide Indexing Support
Avalanche has been successfully integrated into Unmarshal’s ecosystem! We now offer data infrastructure assistance to Avalanche blockchain-based dApps, providing developers with sophisticated data transformation and visualization features while saving money on development expenditures.
More information: CLICK HERE
Avalanche data is now live on Dune Engine V2
There are currently 4 tables live: – Blocks – Logs – Traces – Transactions. All ripe for querying.
By comparing charts and statistics, it is important to consider all Avalanche data to analyze its progression and alteration through time.
More information: CLICK HERE
PARSIQ’s TsunamiAPI is now live on Avalanche
The TsunamiAPI is the new flagship API created by the PARSIQ Network. Giving developers access to both real-time and historical data. Projects and devs can track any event: TVL, liquidity, token price, APR, ROI, etc., all matching the speed of Avalanche.
More information: CLICK HERE
The Avalanche Explorer just got multiple feature upgrades
Some of the newly released features include:
- New Home Page and Navigation
- New Subnet Stats
- Validator Information
- Smart Contract Verification and Publishing
More information: CLICK HERE
Avalanche Hacks event is hosted in Seoul, South Korea, August 11-12
Avalanche Hacks is an event series for Web3 creators working on decentralized solutions digitizing all the world’s assets. At Avalanche Hacks, meet fellow Avalanche creators, learn from industry experts, and turn your ideas into reality.
More information: CLICK HERE
DeFi Lego
DEX
Pangolin New Super Farm
FARM: $BRZ – $USDC REWARDS: $BRZ$PNG
BRZ is the 1st Brazilian StableCoin in circulation. It allows you to trade a Brazilian Real (BRL) pegged stablecoin at a global scale.
More information: CLICK HERE
Dexalot supports Core by Avalanche & Ava Labs
Dexalot is a revolutionary decentralized exchange aiming at bringing the traditional centralized exchange look and feel to a decentralized on-chain application. And now you can trade with Core on The Dexalot Subnet testnet.
More information: CLICK HERE
CryptoCookies is now live on Avalanche
CryptoCookies Is a blockchain trading platform allowing its users to trade options in a fun and engaging way, without the hassle.
More information: CLICK HERE
Lending/Borrowing
Granary Integrates Chainlink Price Feeds
Granary, a cross-chain lending protocol, has integrated Chainlink Price Feeds on Avalanche, Ethereum, Fantom, Harmony, and Optimism mainnets. Granary now has access to high-quality, tamper-proof price feeds needed to help keep accurate track of prices for various blue-chip assets on multiple networks.
More information: CLICK HERE
Web 3.0
Kaira Network is close to launch Beta Version on Avalanche
Kaira Network is the first decentralized multi-chain social network developed for Web 3.0 communities on Kaira Chain. Users can log in to the platform by using their NFT avatars as a decentralized social ID on the platform.
More information: CLICK HERE
NFT/Gaming
Usain Bolt partners with Step.App
The world’s most famous athlete, with tens of millions of global fans, will:
- Join Step’s physical events
- Social media events
- Be the face of the brand’s presentation – and more!
More information: CLICK HERE
Dragon Crypto x Avalaunch: IDO Announcement
- 2.42M DCAR at .165 USD — Total Supply: 40M DCAR
- Sale Size: $400,000 USD
- Registration Opens: July 20th at 3:00 p.m. (UTC)
- Registration Closes: July 25th at 6:00 p.m. (UTC)
More information: CLICK HERE
NEW PROJECTS
Clashub – Gamefi: Multi-Network NFTs, one game platform. Clashub is an NFT-based card game with its token economy running on the Avalanche Subnets.
METAIN.io – Assets: Utilizing blockchain and NFT to redefine the way people invest in Real Estate experience.
Verdict
Thanks to its high speed and low-cost network, Avalanche continues to maintain remarkable partnerships, attracting projects to migrate to build. Even if the market hasn’t changed, Avalanche’s ecosystem has continued to grow. Expect great developments in the next coming weeks.
Find more information about Avalanche:
Website: https://www.avax.network/
Whitepaper: https://www.avalabs.org/whitepapers
Twitter: https://twitter.com/avalancheavax
Telegram: https://t.me/avalancheavax
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Marshall
Coincu Ventures
