AI agents on Avalanche can now access real-time data
Avalanche Weekly Overview - January 15, 2024
Welcome to the Avalanche Weekly Overview. A one-stop-shop for the AVAX community to get up to speed on the Avalanche blockchain network’s latest updates, metrics, releases, insights, ecosystem developments and more. All in one place.
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Avalanche by the numbers
AVAX token price: $39.04 (+1.4%)
Max transactions per second: 541 (-12.18%)
Network’s total transactions: 27.7M (+6.54%)
Avalanche C-Chain daily txns: 526.8K (+8.53%)
DeFiLlama’s Avalanche TVL: $1.4B (+6.87%)
Top 3 Avalanche DeFi projects by TVL:
Benqi: $708.6M (-39.40%)
Aave: $479.6M (-11.98%)
Lfj: $148.7M (-11.45%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Delaunch deployed Agentic Browser, a feature for AI agents, on Avalanche to access real-time information for tasks.
🔺Why it matters: In general, AI agents have exploded in mindshare across the blockchain sector and Avalanche is seeing inflow for them as a result. Delaunch is a platform that looks to provide accessibility for technical and non-technical blockchain users to launch their own AI agents.
AI agents can have a lot of uses inside and out the crypto ecosystem. They can play a progressive role by enhancing efficiency, decision-making and user experiences. Since AI agents can operate 24/7, they are able to keep up in constantly moving ecosystems like blockchains, which operate nonstop as well.
Delaunch’s new feature is important because it means AI agents on Avalanche can access and analyze data in real time. This allows them to provide personalized recommendations and experiences for users based on the latest activity and information. Since AI agents are hot right now and thousands have been launched in recent weeks, it’s important to provide features that make them stand out. Agentic Browser’s goal is to enhance AI agents on Avalanche and make sure the network is able to capitalize on the overall innovative meta.
🔺The bigger picture: AI agents are a growing phenomenon across the crypto sector - and the demand for them are signaling that they’re here to stay. According to CoinGecko, the AI agents category has a near $14 trillion market cap. The technology is showcasing they can be very essential for improving efficiency and pushing the boundaries of what is possible for blockchain applications.
With that said, it’s important for AI agents to provide quick responses and reliable information. If AI agents on Avalanche can become smarter and more efficient with the Agentic Browser, it can gain more traction and interest from users and developers alike.
Scaling the ecosystem
Top 3 Avalanche games by 7-day total txns:
Gunzilla Testnet: 18M (+1.38%)
Pulsar: 13.3M (-1.36%)
Defi Kingdoms: 4.7M (+0.41%)
Avalanche active address metrics reached all-time high (ATH) levels for:
Daily active addresses: 147.1K (previous ATH: 131.2K in Oct. 2022)
Weekly active addresses: 542.8K (previous ATH: 434.5K in June. 2023)
Monthly active addresses: 1.2M (previous ATH: 1.1M in Mar. 31 2024)
GoGoPool posted insights about why it's L1 Marketplace is important for community growth
Dexalot hit 931.8K daily transactions on Jan. 12, a new peak for the Avalanche-powered exchange
Aave added Agora on Avalanche to its Liquidity Mining Program - see more here
Active L1s: 43
L1 validators: 265
Total L1 validators: 1,559
Total blockchains created in the Avalanche network: 152
Total staked across Subnets: 533,527 AVAX
Distribution of L1s by category. Source: Snowpeer
AVAX community wins
Ava Labs co-founder and CEO Emin Gün Sirer spoke on The Arena about how Avalanche differs from other L1s
Turf released details about its integration of AI-powered DePIN for gaming on Avalanche
Avalanche has the fifth largest mindshare amongst all L1s, according to Kaito data
Want to learn more about AI on Avalanche? Check out this live stream on X featuring Ava Labs team members and community builders
Join in the fun
Want to dive deeper into Avalanche?
Applications for the InfraBUIDL(AI) program are open with $15M in funding to accelerate the development of AI-driven projects
Cozyverse is hosting a week of gaming events with the Avalanche community on Discord - see details here
Check out worldwide community-hosted Avalanche events this month in:
Uyo, Nigeria on Jan. 17
Metro Manila, Philippines on Jan. 23
Tanzania, South Africa on Jan. 25
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This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.
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