Avalanche Weekly Recap Week 43 (20/10 – 26/10)
This week there are key updates of Avalanche launching and there are some important announcements of projects in this ecosystem. Here is our weekly recap.
KEY TAKEAWAYS
- Degis Protocol Protection will protect Trader Joe and Platypus
- Partnership Announcement: Rigel Protocol X Lydia Finance
- Banff update is now live on Avalanche Mainnet
- Core Wallet webapp is now live
- Suberra Protocol announced $2.7M fund raised
ECOSYSTEM UPDATES
Avalanche’s gas usage is still high. Avalabs officially launches AvalancheGo updates and Core wallet web version. DeFi and NFT projects have important collaborations and plan to expand to other ecosystems, don’t miss it.
Avalanche On-chain Data Highlights
This week, the indicators of active users and transactions count have not changed, but gas used is still at a high level and mainly comes from the DFK chain. It is worth mentioning that monthly gas used is at ATH.
Degis Protocol Protection will protect Trader Joe and Platypus
Degis Protocol Protection is the next-generation protection product that offers exhaustive protection for all kinds of on-chain risks.
Degis Protocol Protection will cover Platypus, worry-free about hacks and attacks when using Platypus.
In collaboration with TraderJoe , beside $JOE Price Protection, Degis will offer game-changing insurance coverage to Trader Joe users by integrating Trader Joe into their cross-generational Protocol Protection product.
Partnership Announcement: Rigel Protocol X Lydia Finance
In collaboration with Lydia Finance, Rigel Protocol is going to expand their token utilities and the Smartswap Autotrade feature by integrating Lydia Finance to their Autotrade on Avalanche.
This will allow Lydia Finance Users to make automated trades or investments on the Lydia Finance Dapp on the Avalanche network, without being on Screen or on their internet devices.
Banff update is now live on Avalanche Mainnet
Elastic Subnets give builders more options to customize their Subnets, and it provides the thousands of Avalanche validators the opportunity to secure more chains. Subnets can now set their own staking parameters and provide a token to reward validators
For validators of the Primary Network, here’s your chance to earn more uptime-based rewards. Validate any Elastic Subnet on Avalanche and you’ll earn its token for providing additional security.
Core Wallet webapp is now live
Core web is optimized for use with Core browser extension, a free, personal wallet (self-custodial). Together they are key components of the Core product suite that brings dApps, NFTs, Avalanche Bridge, Subnets, L2s, and more, directly to Web3 users.
To get started with Core, get Core extension then go to core.app to experience Avalanche and Web3.
Suberra Protocol announced $2.7M fund raised
Suberra announces they have raised $2.7M! Funds raised will be used to accelerate growth, scale up operations and expand the team.
Suberra is a payment gateway that allows businesses to accept crypto payments anywhere for anything.
Supports tokens on most major blockchains, starting with Ethereum, Polygon and Avalanche
Read more details here.
Additional Notable Events
- Symbosis Network had added a new network: Milkomeda
- TraderJoe partnered with LODE
- Dexalot introduces Dexalot Trading contest
- Blockbank integrates Avalanche
- KyberSwap aggregator has been integrated to Frontier
- Prosper DAO Beta Testing is Live
- $USDt Delta Neutral Vault is now LIVE on Avalanche
- EvoVerses is coming to Flame
- BenQi Liquidity Market added new asset: Binance USD
Follow us to stay updated on everything in the Avalanche ecosystem!
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