Avant launches more yield opportunities on Avalanche with avUSD and savUSD
Avalanche Weekly Overview - January 29, 2025
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: $32.50 (-12.47%)
Max transactions per second: 279 (-52.55%)
Network’s total transactions: 27.34M (+0.74%)
Avalanche C-Chain daily txns: 284.7K (-15.42%)
DeFiLlama’s Avalanche TVL: $1.37B (-2.14%)
Top 3 Avalanche DeFi projects by TVL:
Benqi: $708.69M (-2.68%)
Aave: $560.88M (+4.57%)
LFJ: $150.85M (-1.93%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Avant, a DeFi protocol powered by Avalanche, has launched its “stable-value token” avUSD and a staked version of it, savUSD.
🔺Why it matters: Stablecoins are one of the most easy to understand use cases in crypto. The total stablecoin value across the market is $212.35 billion, up 59% from the year-ago date, according to RWA.xyz data.
For many blockchains, it's also a vital part of the ecosystem. Avant’s new tokens provide Avalanche users additional yield opportunities. As it stands, Avalanche’s stablecoin market cap is $1.84 billion, DeFiLlama data shows. So the appetite onchain is there.
Avant’s goal is to provide users an alternative way to hold their assets, while generating yield, and participating in DeFi with market-neutral strategies.
Through avUSD, investors can put funds in a yield-bearing onchain dollar that is similar to a high yield savings account. Users can mint the avUSD token using USDC and can also stake it for savUSD to earn risk-adjusted yields through the underlying diversified strategies. The yield is generated using delta-neutral techniques such as hedged carry trades, staking, and treasury management, the company said. These strategies are designed to work in both stable and volatile market conditions by reducing the effects of price changes in either direction on ones portfolio.
Avant aims to remove the complexity for investors, so they don’t need to know in-depth DeFi tools and mechanisms to get yield. Instead, users can delegate that to Avant through its staking and receive the risk-adjusted yields.
🔺The bigger picture: While many stablecoins are mixed across centralized and decentralized exchanges and platforms, Avant plans to remain DeFi native by not integrating with CEXes. This decision could potentially direct more investors onchain, if onboarded properly. In turn, the overall ecosystem could grow on the retail and institutional investor front. As interest in onchain assets continues to grow into a multi-billion dollar market, the DeFi protocol has the capability to offer high yield opportunities that can expand adoption and assets onchain for Avalanche.
In the future, the protocol has plans to launch avBTC, avETH and avAVAX. These tokens would allow users to generate additional yields, relative to the underlying bitcoin, ether and Avalanche tokens, respectively. These derivative products have the ability to create further value for investors and the native assets, overall increasing liquidity and participation onchain.
Learn more about avUSD and savUSD in this discussion with Avant’s Founder, Rhett Shipp, and the Avalanche team
Scaling the ecosystem
Top 3 Avalanche games by 7-day total txns:
Gunzilla Testnet 17.44M (-2.01%)
Pulsar 12.73M (+1.65%)
Defi Kingdoms 4.25M (-9.45%)
Speaking of Avalanche Stablecoins…its market cap is up 11% in the past 7 days, according to DefiLlama data
Swaps.io dApp is now live on Avalanche, allowing users to access assets on its chain and earn points through swapping
DYOR platform expands to Avalanche to provide trading and ecosystem support
Pharaoh Exchange, a DEX built on Avalanche, hit an all-time high in TVL of over $47M (shown below)
Source: DefiLlama
Active L1s: 47
L1 validators: 263
Total L1 validators: 1498
Total blockchains created in the Avalanche network: 51
Total staked across Subnets: 505,274 AVAX
Distribution of L1s by category. Source: Snowpeer
AVAX community wins
Learn about AI projects on Avalanche via a thread by X user Frenchy
Into Avalanche gaming? X user Adrià analyzed 5K gamers and shared insights on their behaviors here
Professional gamer Scump streamed an Off The Grid anticheat - watch it here
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
There’s a lot riding on Off the Grid’s token launch (Blockworks)
LEVR Bet Announces Multichain Launch of Sports Betting With Leverage on Avalanche, Monad, Hyperliquid (Chainwire)
Avalanche eyes US growth by harnessing AI and blockchain innovations (CryptoSlate)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Applications for Avalanche’s infraBUIDL() Program for projects building on the Avalanche network
Hellmaster’s Season 2 rewards campaign is live for its role-playing card strategy game - details here
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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.