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: $28.26 (+7.45%)
Max transactions per second: 451 (+16.84%)
Network’s total transactions: 8.64M (-3.68%)
Avalanche C-Chain daily txns: 192.2K (+26.61%)
DeFiLlama’s Avalanche TVL: $868.55M (+13.77%)
BENQI: $302.28M (+12.57%)
Aave: $296.91M (+11.91%)
Trader Joe: $116.5M (+36.98%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Avalanche-focused Frosty Metrics expanded its dashboard to include subnets, providing community members additional insight into the Avalanche ecosystem for gaming, decentralized finance (DeFi), and NFTs.
🔺Why it matters: The platform’s features now provide users access to data analytics on Avalanche and its subnets, blockchains, and validators. It also expanded its coverage to relay intel around the network's performance and activity.
These new features allow for a deeper dive into metrics on subnets, offering the ability to compare key metrics in hopes to aid users and allow them to create more informed decisions. For example, viewers can track ecosystem transactions, top gaming or DeFi projects as well as developer activity.
By expanding its coverage on the platform, Frosty Metrics aims to offer more insights and real-time data, providing users insights to make more informed decisions.
🔺TLDR: In a space that heavily encourages users to do their own research, or DYOR, more data availability can potentially attract and inform users who want to gain more detailed insights into the Avalanche ecosystem.
Scaling the ecosystem
DeFi Kingdoms: 4.05M (-0.35%)
Shrapnel: 188.26K (+2.67%)
Tiltyard: 61.03K (+12.22%)
Avant, a yield generating DeFi platform on Avalanche, unveiled its mission statement and strategy
Gamified social networking protocol, The Guild, rolled out it latest feature updates including multichain expansion, daily login XP rewards and more
Digital football league platform Draftables shared gameplay of its upcoming game on Avalanche
Trader Joe implemented TradingView charts on its platform to provide real-time data for coins on the Avalanche network
Active subnets: 275
Subnet validators: 267
Total validators: 1,570
Total blockchains created in the Avalanche network: 98
Total staked across Subnets: 536,777 AVAX
Distribution of subnets by category. Source: Snowpeer
AVAX community wins
ICYMI: Cozyverse organized a gaming showcase spaces featuring team members from Spellborne, Fableborne, and OverTrip
X user luke152 released a thread that showcases emerging web3 games on Avalanche
Crescendoweb3 created a deep dive into Fableborne, a PvP strategy web3 game built on Avalanche
Koroshi, an anime style web3 game on Avalanche, opened its Discord for feedback,updates and community engagement
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
Avalanche Q3 2024 State of the Ecosystem (Presented by The Tie on YouTube)
Frosty Metrics Expands Coverage to Avalanche Subnets (BlockchainReporter)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Dive into the the world of digital art fashion with AR and attend an upcoming Avaissance class
Meet up with the Avalanche community in Taiwan on July 24
Join the Avalanche community for Avalanche Summit III in Buenos Aires, Argentina from October 16 to October 18
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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.