This Week in Avalanche, Feb 19 2021
This Week in Avalanche, Feb 19 2021
Avalanche Major News
Preliminary Analysis of the Invalid Minting Bug by Patrick O’Grady
Shroom Finance are launching on the C-Chain in Q1, also plans to launch a subnet later this year
Injective Protocol is integrating with Avalanche to launch a diverse array of interoperable derivatives
Staking (P-Chain)
80.05% staking ratio (288,189,484 AVAX) ↑ 7.5% from last week
~9.83% current staking reward per year
847 Validators - ↑ 20 from last week
Asset Layer (X-Chain)
Avascan now lets you see NFTs in their explorer, e.g. this tx.
1119 assets have been issued on the X-chain - ↑ 34 from last week
DApp Layer (C-Chain)
The Avalanche <-> Ethereum Bridge (aeb) is fully functional again. TVL currently sits at ~$125 million. Follow the stats for each token using this Dune Analytics dashboard.
Pangolin has seen rapid adoption. TVL sits at ~$225 million with $30 million 24 volume.
Rosco Kalis deployed his revoke.cash DApp, it lets you see and cancel any ERC20 approvals you’ve previous permitted.
Complus Network (Uniswap style Dex) launched, COM liquidity mining is live
Bao Finance are deploying “YetiSwap by Bao” on the C-Chain
To watch AVAX burned by the C-Chain in real time use burnedavax.com - currently at ~11,000 or $450,000!
How to setup Avalanche C-Chain on MetaMask and get testnet tokens - article by Toochi Ajah
How To Move Tokens From Ethereum To Avalanche - article by Elvis Tile
Pangolin Video Tutorials:
Stuff for Devs
An Avalanche-centric dev environment setup by Gabriel Cardona
Ecosystem
Axelar is expanding its cross-chain communication network to include Avalanche.
Roger Lu has been making insightful threads on Pangolin & Zero LP returns, read his latest here.
Avascan update us on future plans in their blog
Router Protocol is integrating to directly connect Router users to Avalanche DeFi
Podcasts, Interviews & Misc
Avalanche Update Video by Coin Bureau
Tweet thread from Emin on the recent network disruption
ChainBridge 101 - CSCON[0] Polina Aladina
The FTX Podcast #40 - John Wu President of AVA Labs
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Upcoming Dates
Mar 9: Crowdsale AVAX tokens unlock
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.