Avalanche Weekly Recap Week 43 (20/10 – 26/10)

Oct 2022

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

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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.

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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

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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

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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

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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.