This Week in Avalanche, August 27, 2021
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Avalanche Major News
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Sushi has joined the Avalanche Rush incentive program and will receive $15M allocation
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ChartEx partnered with Avalanche and made their advanced charting tools available for free for a 30 days trial period
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YAY Games and Avalaunch will also be included in the Avalanche Rush program
Stats
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56.43 staking ratio (219,075,722) – down 0.29% from last week
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~10.25% current staking reward per year
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1041 Validators – up 4 from last week
Ecosystem
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Avalaunch announced six new projects that will launch through their platform, which are Oh! Finance, Rise Online, Kalao, Colony, and Hurricane Swap
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Celer cBridge integrated Avalanche, which enables fund transfer between Polygon, BSC, OKExChain, and Arbitrum
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Pangolin integrated fiat on-ramp through Wyre which enabled buying AVAX directly on Pangolin
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Portfolio trackers Zapper, DeBank, and 0xtracker integrated Avalanche
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Okcoin integrated Avalanche c-chain, which will allow users to withdraw their funds directly to MetaMask
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Avalaunch got listed on MEXC Global and Bitmart
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Argon, which will bring a decentralized freelancer platform to Avalanche, shared their progress on their Avalanche – BSC bridge
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Efforts to bering stablecoin TerraUSD on Avalanche have started
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Sherpa shared a sneak peak of their upcoming privacy dapp
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ForceDAO announced to launch on Avalanche to bring new stablecoin strategies
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Magic Internet Money, an algorithmic stablecoin, arrived to Avalanche
DeFi
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Trader Joe has reached 500 TVL to become the largest DEX on Avalanche by liquidity
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Snowball started releasing new auto-compounding strategies for BENQI
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Everest DAO announced their upcoming financial tool Everest Options, which will bring options trading to Avalanche
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TrustSwap token became available on Avalanche bridge, and the team added liquidity to Pangolin
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Penguin Finance announced iPEFI staking
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Gondola Finance released a roadmap
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KYVE, upcoming synthetic assets protocol, shared a development update
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Hurricane Swap has been sharing detailed blog posts about their value proposition
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Polkaswitch, a multichain liquidity protocol, announced to launch on Avalanche as their third chain integration
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MarginSwap partnered with Pangolin and announced a $300k incentives program for lending and trading
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Frost Finance launched and reached $50M TVL
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Trader Joe removed their double rewarder contracts due to a vulnerability spotted by SushiSwap team
Games & NFTs
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Avalanche Rush hit NFT space! While old NFT projects started getting momentum again, many more projects launched in the last couple of weeks.
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CryptoSeals sold out
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Avaxtars sold out
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AvaxPunks, punk NFTs unique to Avalanche, launched and sold out
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AvaxRocks, handcrafted and unique rock NFTs, launched and sold out
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Avax Apes NFTs announced to launch exclusively on Avalanche
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NFTrade marketplace integrated Avalanche and became the primary market for AvaxPunks and AvaxRocks
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SIDUS heroes, an upcoming NFT game, will integrate Avalanche as their main blockchain
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Topps NFTs will launch Major League Baseball NFTs
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Crypto Companions launched their PVP battle feature
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Penguin Finance will integrate Chainlink randomness for their upcoming Penguin Arena game
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Avaware continues to release mascot NFTs for native Avalanche project
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Avax Podcast shared an overview of the NFT projects on Avalanche
Partnerships
Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.
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Avalanche network experienced a slowdown for few hours due to low power machines with significant stake
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Ava Labs increased the hardware requirements suggested on their documentations, which applies especially for high-stake nodes
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New analytics tools on c-chain activity has been published
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Apricot Phase Three went live, bringing dynamic fees to c-chain
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Open DeFi hackathon is offering $30k in bounties for developing a prediction market on Avalanche
Podcasts, Inteviews & Misc
Upcoming
About the newsletter
This Week in Avalanche is an independent newsletter tracking 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 on Twitter: @WeekInAvalanche
Special thanks to everyone who helped curate content:
Efe (efe.kim) @BestCoderNA
