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
The Total Value Locked in 7-days has decreased by 8.2%, from $4.87 billion to $4.47 billion. The index hardly changed at all due to the low level of participation in Defi in this market condition.
Stablecoin Supply
The total supply of stablecoins on Avalanche is currently $2.45b, Down 0.8% from $2.59b to $2.45b in a week.
In which $USDC accounted for 44.07% with a supply of $1.54b, $USDT accounted for 34.53% with a supply of $677.28m. The rest are other stablecoins, accounting for 21.4%.
Highlight Events
Core Browser Extension Adds Support for custom Avalanche Subnets
After adding support for all blockchains running the Ethereum Virtual Machine, Core becomes the first browser extension to allow seamless switching across all major blockchains, including Avalanche, Ethereum and Bitcoin.
More information: CLICK HERE
CertiK, QuickNode, ROK Capital, C² Ventures, ATTA Protocol, The Graph sponsored Avalanche Hacks
Moved to only this Friday, August 12, due to recent weather conditions in Seoul, Avalanche Hacks is free to attend and will be gathering speakers from all over the world to make its mark in South Korea.
More information: CLICK HERE
DeFi Lego
DAO
CurateDAO Launches Decentralized, Pinterest-Like Data Curations Powered by Incentives on Avalanche
CurateDAO has launched their “curate-to-earn” protocol on Avalanche. The protocol’s users assemble Pinterest-like boards and receive rewards in AVAX tokens when other users find boards useful. Boards are decentralized and use a smart contract to pass the revenue that boards earn to content creators and curators.
More information: CLICK HERE
Funding
Colony introduces upcoming product: Colony Avalanche Index, CAI
Brought to you by Colony and Phuture, and backed by Ava Labs, CAI is the benchmark index for investors wanting to get exposure to the Avalanche ecosystem.
More information: CLICK HERE
NFT/Gaming
Snake City X Crabada Free Zone event is lived
How to play:
- Connect Metamask wallet
- Claim the Free Snake & join the game
- Each player will have 10 turns to play per day
More information: CLICK HERE
Silta Finance x Joepegs Charity Week 2022
Initially, there will be a Twitter Space launched with Silta Finance and Joepegs as the hosts. During this Twitter Space, we will be having a fireside chat about Avalanche and Fantom, speaking about everything related to both blockchains! Then, when the time is right, Joepegs will sound off the beginning of the auction, that will last for the duration of the Twitter Spaces, approximately 2.5 – 3 hours.
All artworks will be auctioning simultaneously, to ensure a fair auction.
More information: CLICK HERE
NEW PROJECTS
Gunzilla Games – Gamefi: An independent studio creating Off The Grid (OTG), a cyberpunk Battle Royale 2.0.
Conscious Lines – NFT: A collection of original drawings by Gabe Weis. Main Twitter account @GabrielJWeis. Only 999. Launching on Joepegs August 25th.
Verdict
There are certainly good projects in the works, but there haven’t been many major changes in recent times. The timing of big project update announcements is particularly sensitive right now. Since the new cash flow has not yet reached the market and, therefore will not produce the expected impact. Stay updated for major announcements next week!
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
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