Avalanche Weekly Recap Week 42 (13/10 – 19/10)
This week has a number of important events and collaborations, which promise to be the beginning of the boom in the coming time.
KEY TAKEAWAYS
- Avalanche Daily Active Users increased dramatically
- Avalanche is officially live on OpenSea
- DFK chain has integrated Covalent
- AVAX is now listed on Gemini
- Hubble Exchange is partnering with Yield Yak to integrate Yak Swap
- The PulsarGame Subnet is now live on Avalanche
ECOSYSTEM UPDATES
The on-chain index has a notable event in the number of active wallet addresses. DeFi and NFT both have major collaborative events and listing on big CEXes, don’t miss it.
Avalanche On-chain Data Highlights
This week, although the number of transactions has not changed much, gas used is still holding at a high level. It is worth noting that the number of active users on C-Chain increased sharply to the ATH level.
Avalanche Daily Active Users increased dramatically
This week, the number of active users spiked in C-Chain. On October 14, Avalanche ecosystem-wide addresses increased to 144,959 which is 4 times higher than the daily average and reached ATH. And C-Chain accounts for more than 95%.
This is a positive number when previously the transaction count and gas used increased sharply, focusing only on DFK subnets.
DFK chain has integrated Covalent
This integration provides developers with reliable, high-quality data that will allow them to build faster and easier. A multichain can be enabled in minutes by simply changing the chain ID parameter.
Other initiatives at later stages will include:
- Decentralizing the DFK Chain data stack for redundancy and validator incentives
- Ability for developers to build their own endpoints in the chain
- Covalent’s analyst mode which will allow developers to write SQL to build bespoke dashboards
- Specialized support for Avalanche Subnets
Read more details here.
Avalanche is officially live on OpenSea
OpenSea is the world’s leading peer-to-peer marketplace for NFTs.
On Avalanche, OpenSea users will benefit from the fastest time to finality for NFT trades — regularly settling transactions in under a second — and consistently low transaction fees
Read more details here.
AVAX is now listed on Gemini
Gemini is now accepting inbound transfers of AVAX, the native token of the Avalanche public blockchain (AVAX)
The markets for AVAX on Gemini are expected to become available on a rolling basis on or after October 11th at 9AM EST for deposits, and October 12th at 10AM EST for trading, across AVAX/USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.
Read more details here.
Hubble Exchange is partnering with Yield Yak to integrate Yak Swap
The integration allows traders and makers (LPs) on Hubble Exchange to swap between collaterals within their margin account and settle their negative hUSD balance using their collateral.
This makes Yap Swap a highly competitive aggregator, providing Hubble Exchange’s traders and makers the best execution route when they need to settle their hUSD debt with the protocol.
Read more details here.
The PulsarGame Subnet is now live on Avalanche
Pulsar is a Massively Multiplayer Online (MMO) Real-Time Strategy (RTS) game where players across the world mine, build, and fight to become the ruler of Pulsar.
Subnet NFT redemption for giveaway winners will be launch at the end of next week on the Pulsar website
Read more details here.
Additional Notable Events
- DFK chain has integrated Covalent
- Ethereum HardHat plugin has been added to Avascan contract verification tool
- HakuSwap is now tracking on Defi Llama
- Partnership Announcement: KAVA x Beefy
- Crypto Royale $ROY is now available on Traderjoe
- Coin Ledger integrates Avalanche
- Kyber Network has deployed new YUSD-sAVAX and YUSD-USDC
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