Avalanche Weekly Recap Week 32 (04/08 – 10/08)

Aug 2022

Avalanche Ecosystem Weekly Recap Week 32 Featured Image

This week, Avalanche received a lot of positive news, most notably is the growth of the AVAX token for 7 consecutive days. Let’s take a look at the highlighted news as well as the important numbers of the week.

Key Takeaways

Avalanche C-Chain Transaction count reaches new ATH
Synapse now supports ETH on DFK chain
Nansen integrates Joepegs and Campfire NFT marketplace data
AVAX is now on Robinhood
Binance Card has added $AVAX to the list of supported cryptocurrencies
Hubble Exchange is now live on Mainnet
Snakecity migrates onto Swimmer Network
Core just announced its support for the Ethereum network and all EVM-compatible chains

Ecosystem Updates

Avalanche Highlight On-chain Data

Weekly total transactions: 9,279,300
Weekly Max TPS Observed: 177
Weekly Gas Used: 2,010,542,086,428
Highest daily transaction count: 1,514,880
Average daily active addresses: 45,976

Avalanche C-Chain Transaction Count reaches new ATH

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On July 29, 2022, C-Chain’s Daily Transaction Count reached an ATH at 1,514,880. In the days that followed, Transaction Count consistently made new highs. There is no official explanation for this, but in our opinion, the amount of transactions increased sharply due to the growth of users coming to Avalanche as well as the activity of NFT projects.

Synapse now supports ETH on DFK chain

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ETH is now supported on DFK Chain. With this new functionality, DFK chain will be adding in a few ETH pairs. They will also be adding a JEWEL-USDC pair to have more accurate JEWEL pricing on DFK chain, given its importance to the subnet offering and recent events on Harmony pairs that affected pricing.

New Pools:

CRYSTAL – ETH 15%

JEWEL – USDC 4%

ETH – USDC 1%

Existing Pools Rebalance:

CRYSTAL- USDC 15% — No Change

CRYSTAL – AVAX 20% — Up 5%

CRYSTAL – JEWEL 10% — No Change

xJEWEL – JEWEL 35% — Down 25%

Nansen integrates Joepegs and Campfire NFT marketplace data

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Nansen is a blockchain analytics platform, which combines on-chain data with a massive and constantly growing database containing millions of wallet labels.

According to Nansen’s twitter thread, Joepegs is the leading marketplace on Avalanche by weekly users (1,097) and transactions (2,015). Campfire is not far behind, with 1,066 users and 1,735 transactions last week. Followed by NFTrade, with 664 users and 986 transactions.

AVAX is now on Robinhood

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Robinhood is a fee-free platform that makes trading in the stock market easy — too easy, according to some experts and regulators. And it doesn’t offer the tax-advantaged investment accounts that are key to building long-term wealth.

Binance Card has added $AVAX to the list of supported cryptocurrencies

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Binance Card is a Visa debit card connected to your Binance account. By loading up your Card’s Funding Wallet, you can spend crypto anywhere that Visa is accepted. It acts in the same way as the prepaid crypto debit cards.

As of 2022-08-05 at 07:00 (UTC), there are 14 supported cryptocurrencies on Binance Card: ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT and XRP.

Hubble Exchange is now live on Mainnet

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Hubble Exchange is a decentralized platform on the Avalanche chain that aims to build a perpetual futures trading protocol on the chain.

Key features:

Trade perps while maintaining full exposure to your favorite coins
Cross-Margining
vAMM based on the CurveCrypto invariant
Tokenizing perpetual positions

Snakecity migrates onto Swimmer Network

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Snake City is a skill-based, yet simple, fun and addictive GameFi project that is inspired by the well-known browser-based game, Slither.io.

Snake City will begin migrating to Swimmer Network, and gradually launch new features and game modes, starting with Snake City Free Zones.

Core just announced its support for the Ethereum network and all EVM-compatible chains

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Core Browser Extension Adds Support for Ethereum, Setting a New Standard for UX across Avalanche, Bitcoin and EVM Blockchains.

After adding support for all blockchains running the Ethereum Virtual Machine, Core becomes the first browser extension to allow seamless switching across all major blockchains, including Avalanche, Ethereum and Bitcoin.

New features: