This Week in Avalanche, Feb 12 2021

Avalanche Major News

• AvalancheGo v1.2.0 released - Critical update, please update nodes ASAP. The patch fixes performance issues related to interchange transfers between X, C, and P chains.

• The Avalanche <-> Ethereum bridge (aeb) went live! And then went down because of a bug - fix has been deployed but is in final testing, bridge should be functional again soon. So far tokens worth $33 million have moved to Avalanche.

• Pangolin, a Uniswap style Dex, launched. Total liquidity currently sits at $45 million.

Staking (P-Chain)

• AvalancheGo v1.1.5 released - the patch includes stability improvements.

• Stats:

  • 72.5% staking ratio (261,015,046 AVAX) ↑ 0.5% from last week

  • ~9.95% current staking reward per year

  • 827 Validators - ↑ 19 from last week

Asset Layer (X-Chain)

• X-Chain was live throughout the recent performance issues. However there were some issues with overloaded APIs which caused difficult sending some txs.

• The Avalanche Wallet is temporarily in read only mode but should be back very soon.

• 1085 assets have been issued on the X-chain - ↑ 53 from last week

DApp Layer (C-Chain)

• Use alternative API endpoints if a provider becomes congested: Tutorial for Figments API, alternative use this video tutorial

• Avascan have a new Chainbridge filter to see inflows & outgoings to/from Ethereum

• You can add Avascan to be your default explorer for MetaMask when using the C-Chain

• Full list of tokens available for aeb

• C-Chain is currently fully functional after a small period of downtime, related to the aeb issue

Stuff for Devs

• Building DeFi On Avalanche, The Hype Is Real - blog post by Louis Lapat, CTO of Prospero

• AvalancheJS v3.2.0 released - highlights (from Gabriel Cardona)

  • can now parse/serialize any serializable data structure to both codecID 0 & 1

  • now has an examples directory with 60+ scripts demoing how to create/mint/transfer fungible/non-fungible tokens, cross chain swaps, create subnets, add delegators/validators, call RPCs, and more.

• Ortelius v1.2.0 released

• How to create, mint and transfer NTFs

Ecosystem

• AVAX Listed on Bitpanda, a promotion trading competition is live now

• The PolyAnt King sale is live. Limited-edition AVAX inspired collectibles each enable holders to redeem $20 in $AVAX at a later date.

• Copper integrates Avalanche to bolster institutional-grade storage and trading security for AVAX

• Lvna Capital is looking to invest in Avalanche based DeFi and infrastructure projects

• A new DeFi Avalanche telegram group

• JustLiquidity announced they will support Avalanche in their upcoming JulWallet

• Someone on WallStreetBets suggested an ILO against Robinhood

• Some fun simplified simulations of core Avalanche consensus algorithms under controlled environments.

• Cargo announced they will prioritise Avalanche in their multi-chain support

Podcasts, Interviews & Misc

• Emin shares his thoughts on Uniswap and how Pangolin might offer some improvements

• Blockchain and DeFi Development Trends 2021 - discussion featuring Gabriel Cardona

• LunarCRUSH Live! - featuring Jay Kurahashi-Sofue and Patrick Sutton

• John Wu, Lydia Chiu and Jay Kurahashi-Sofue from Ava Labs did an AMA with OkCoin

• Avalanche was featured on Turkish TV

• Emin (very) briefly talks about where Avalanche is headed potential scalability solutions

• Avalanche: The New DeFi Blockchain Explained - article by Liesl Eichholz from Glassnode Insights

• Extremely fun Avalanche <-> Ethereum bridge game built by the community
  .

Upcoming Dates

• Mar 9: Crowdsale AVAX tokens unlock

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About the newsletter

This Week in Avalanche is an independent newsletter that tracks 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 at @WeekInAvalanche / @_ed1990_ on twitter or @edwardwill1 on telegram.