This Week in Avalanche, Jan 29 2021
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This Week in Avalanche, Jan 29 2021
Avalanche Major News
The Avalanche <> Ethereum Bridge has been deployed. It’s highly recommended to wait until confirmation from the relayers and UIs before using it.
UNION Finance announced they will launch products to improve DeFi capital efficiencies and product safety on Avalanche.
The Graph is exploring integrations with other (non ETH) L1s, Avalanche is high on their priority list. Show your support for Avalanche by voting in this poll.
Aleph.im is bringing decentralized file storage and computing to Avalanche
Staking (P-Chain)
Creating and Executing the Avalanche Network Node in Minutes with Minimal User Intervention by Eduardo Monteiro
70.90% staking ratio (255,230,942 AVAX) ↑ 0% from last week
~9.97% current staking reward per year
788 Validators - ↑ 26 from last week
Asset Layer (X-Chain)
981 assets have been issued on the X-chain - ↑ 34 from last week
DApp Layer (C-Chain)
NoTex now supports blog certification on Avalanche mainnet (and FUJI testnet)
Vinay Gupta calculated that Avalanche is roughly one million times more efficient than Ethereum. He also hinted that Mattereum is coming to Avalanche.
There has been an explosion of ERC20 tokens on the C-Chain. Looks like tokens whitelisted by the Ethereum <> Avalanche bridge. For a full list see this repo.
Stuff for Devs
Hardhat is compatible with C-Chain development - quick-start guide coming soon
Devilla made a sample repo to run the C-Chain in a local environment (via truffle). Very clean setup docs included.
Ecosystem
A Quick Overview of Avalanche (AVAX) and Why You Should Be Paying Attention by Seq
Avascan made some small improvements over the past week. Read about it in their blog.
YeildAPP CEO Tim joined the telegram channel for an AMA
Roche Cyrulnik Freedman LLP are investigating a class action lawsuit against Robinhood and other trading platforms for recent their treatment of retail users. This could potentially be a very large ILO on Avalanche
Podcasts, Interviews & Misc
Emin was voted one of crypto’s top 10 Influential People and in the top 3 Most Influential Tech Leaders in Crypto alongside Vitalik & Charles Hoskinson.
Open and Programmable Finance with Avalanche: presentation by Emin at CSCON[0]
Leart Ulaj talked about the Avalanche <> Ethereum Bridge at Hello Digital Money
Recaps of the recent bZx and Allnodes telegram AMAs by Elvis Tile
How Do Avalanche Subnetworks Work, and What Makes Them Different From Sidechains? by J Stodd
Tweet thread from Emin on why ChainLink is important for crypto
Upcoming Dates
Dec 14 - Jan 17: Encode Hackathon
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 us at @WeekInAvalanche / @_ed1990_ on twitter or @edwardwill1 on telegram.