Welcome to the Avalanche Weekly Overview. In this edition, we explore Ava Labs collaboration with Animoca Brands, ecosystem growth, and the launch of new community initiatives.
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Avalanche By The Numbers
Avalanche Total Value Locked (TVL): $780.9M (-5.3%)
Avalanche C-Chain daily txns: 2.7M (+8%)
Max transactions per second: 315 (-4.6%)
Total Avalanche validators: 729 (-0.1%)
Total Avalanche L1s: 459 (+0.4%)
The percentages and metrics are based on a 7-day timeframe from Token Relations data, unless noted otherwise.
Inside The Blockchain
🔺What we’re watching: Ava Labs is collaborating with digital assets firm Animoca Brands, in order to expand its operations throughout the Middle East and Asia.
🔺Why it matters: The deal gives Avalanche access to Animoca’s existing network in Asia and the Middle East — the digital assets firm holds a broker-dealer licence in Dubai and has an active office in Hong Kong.
The companies said they would initially focus on entertainment, real-world assets (RWA), and digital identity, with an eye towards investing, exploring product integrations and advising projects building on Avalanche.
Originally a game software company, Animoca later on diversified into NFTs and blockchains, backing a number of projects such as OpenSea, Axie Infinity, Pudgy Penguins, and CoinMarketCap.
More recently, its Moca Network secured a deal with SK Planet, one of South Korea's largest technology platforms, to build blockchain-enabled experiences within SK Planet's existing internet services.
🔺The bigger picture: This collaboration is less about the technology, and more about the connections it brings Avalanche. Animoca has commercial infrastructure, institutional relationships, and a sizable capital base that it may use to back new projects.
“Our initial focus will be on identity integrations and RWA tokenization, but our broader goal is supporting builders within the Avalanche ecosystem and boosting its adoption,” said Omar Elassar, head of global strategic partnerships and managing director for Middle East at Animoca Brands.
Chart Of The Week
Active addresses on Avalanche averaged an all-time high of 38.6M in March.
Scaling the Ecosystem
Retro9000’s C-Chain round closed entries on March 18, and will take a leaderboard snapshot on March 31st to award prizes
AVAX One deployed 800K AVAX tokens into tAVAX, Treehouse’s liquid staking primitive, designed to capture yield through interest rate arbitrage
Avax Team1 USA released the first episode of its podcast series with Emin Gün Sirer, Ava Labs’ founder and CEO, to discuss quantum computing and its risks on blockchain
AVAX Community Wins
Blackhole launched ALM Vaults, an automated liquidity provision platform that uses non-custodial methodology to manage positions and rebalancing
Avax Team1 has set up a dedicated Vietnam community arm
Silo launched v3 of its credit layer on Avalanche so tokenized vaults, RWAs, and CEX-issued tokens have greater liquidity pools
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Avalanche is hosting its next Summit event on Sept. 16 and Sept. 17 in New York City
Avax Team1 is hosting a meetup during ETH Cannes on March 30
That’s all for now.
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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.