This Week in Avalanche

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This Week in Avalanche, August 27, 2021
www.weekinavalanche.com

This Week in Avalanche, August 27, 2021

This Week In Avalanche
Aug 28, 2021
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This Week in Avalanche, August 27, 2021
www.weekinavalanche.com

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Avalanche Major News

  • Sushi has joined the Avalanche Rush incentive program and will receive $15M allocation

  • ChartEx partnered with Avalanche and made their advanced charting tools available for free for a 30 days trial period

  • YAY Games and Avalaunch will also be included in the Avalanche Rush program

Stats

  • 56.43 staking ratio (219,075,722) - down 0.29% from last week

  • ~10.25% current staking reward per year

  • 1041 Validators - up 4 from last week

  • Over 200k daily transactions

  • Over $1.5B bridged from Ethereum

  • Over $3B locked in c-chain contracts

Ecosystem

  • Avalaunch announced six new projects that will launch through their platform, which are Oh! Finance, Rise Online, Kalao, Colony, and Hurricane Swap

  • Celer cBridge integrated Avalanche, which enables fund transfer between Polygon, BSC, OKExChain, and Arbitrum

  • Pangolin integrated fiat on-ramp through Wyre which enabled buying AVAX directly on Pangolin

  • Portfolio trackers Zapper, DeBank, and 0xtracker integrated Avalanche

  • Okcoin integrated Avalanche c-chain, which will allow users to withdraw their funds directly to MetaMask

  • Avalaunch got listed on MEXC Global and Bitmart

  • Argon, which will bring a decentralized freelancer platform to Avalanche, shared their progress on their Avalanche - BSC bridge

  • Efforts to bering stablecoin TerraUSD on Avalanche have started

  • Sherpa shared a sneak peak of their upcoming privacy dapp

  • ForceDAO announced to launch on Avalanche to bring new stablecoin strategies

  • Magic Internet Money, an algorithmic stablecoin, arrived to Avalanche

DeFi

  • Trader Joe has reached 500 TVL to become the largest DEX on Avalanche by liquidity

  • Snowball started releasing new auto-compounding strategies for BENQI

  • Everest DAO announced their upcoming financial tool Everest Options, which will bring options trading to Avalanche

  • TrustSwap token became available on Avalanche bridge, and the team added liquidity to Pangolin

  • Penguin Finance announced iPEFI staking

  • Gondola Finance released a roadmap

  • KYVE, upcoming synthetic assets protocol, shared a development update

  • Hurricane Swap has been sharing detailed blog posts about their value proposition

  • Polkaswitch, a multichain liquidity protocol, announced to launch on Avalanche as their third chain integration

  • MarginSwap partnered with Pangolin and announced a $300k incentives program for lending and trading

  • Frost Finance launched and reached $50M TVL

  • Trader Joe removed their double rewarder contracts due to a vulnerability spotted by SushiSwap team

Games & NFTs

  • Avalanche Rush hit NFT space! While old NFT projects started getting momentum again, many more projects launched in the last couple of weeks.

  • CryptoSeals sold out

  • Avaxtars sold out

  • AvaxPunks, punk NFTs unique to Avalanche, launched and sold out

  • AvaxRocks, handcrafted and unique rock NFTs, launched and sold out

  • Avax Apes NFTs announced to launch exclusively on Avalanche

  • NFTrade marketplace integrated Avalanche and became the primary market for AvaxPunks and AvaxRocks

  • SIDUS heroes, an upcoming NFT game, will integrate Avalanche as their main blockchain

  • Topps NFTs will launch Major League Baseball NFTs

  • Crypto Companions launched their PVP battle feature

  • Penguin Finance will integrate Chainlink randomness for their upcoming Penguin Arena game

  • Avaware continues to release mascot NFTs for native Avalanche project

  • Avax Podcast shared an overview of the NFT projects on Avalanche

Partnerships

  • Pangolin X MarginSwap

  • Avalaunch X MEXC Global Partner

  • Chartex X Avalanche

  • Snowball X AVME

  • Penguin Finance X AVME

  • Lydia X Verso

  • Pangolin X YAY Games

Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.

Stuff for Devs

  • Avalanche network experienced a slowdown for few hours due to low power machines with significant stake

    • Ava Labs increased the hardware requirements suggested on their documentations, which applies especially for high-stake nodes

  • New analytics tools on c-chain activity has been published

  • Apricot Phase Three went live, bringing dynamic fees to c-chain

  • Open DeFi hackathon is offering $30k in bounties for developing a prediction market on Avalanche

Podcasts, Inteviews & Misc

  • Pangolin Newsletter #12 - August 24

  • Vee.Finance Weekly Report – 21-27 August

  • Elk Weekly Recap—#6

  • Elk Finance & Yield Yak AMA Recap

  • Elk Finance & Trader Joe AMA Recap

  • Avaxholic & Ava Labs AMA Recap

  • Verso Spotlight AMA Recap

  • Into to DeBank Portfolio Tracking App, by CederNet

  • Avalanche Ecosystem Roundup, by CederNet

  • Deep Dive into Avalanche, by The Defiant

  • DefiTimes & Jay Kurahashi Podcast

  • Connor Daly & Chainlink Today Podcast

  • BENQI featured on Cointelegraph

Upcoming

  • DefiTeller & Avalanche AMA

  • Gabriel Cardona will present at WYO Hackathon

About the newsletter
This Week in Avalanche is an independent newsletter tracking what’s happening in the Avalanche ecosystem. Inclusion of a project or token is not intended as endorsement (DYOR). If you have suggestions or feedback you can reach out on Twitter: @WeekInAvalanche

Special thanks to everyone who helped curate content:
Efe (efe.kim) @BestCoderNA

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