Welcome to the Avalanche Weekly Overview, the AVAX community’s one-stop-shop for the latest on the network’s metrics, releases, insights, updates, ecosystem developments and more. All in one place.
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Avalanche By The Numbers
Avalanche Total Value Locked (TVL): $836.5M (-9.1%)
Avalanche C-Chain daily txns: 3M (+11.1%)
Max transactions per second: 334 (-66%)
Total Avalanche validators: 727 (-1.1%)
Total Avalanche L1s: 437 (+0.23%)
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: Fosun Wealth Holdings’ blockchain arm, FinChain, has launched a yield-bearing stablecoin, FUSD, on Avalanche.
🔺Why it matters: Stablecoins are starting to resemble traditional currency and short-term investment products.
While most stablecoins are designed to maintain a stable price, other yield products like Ethena’s USDe, can provide returns based on trading or lending activity.
Since FUSD is backed by regulated assets, such as money market funds and government bonds by firms including BNY Mellon, ChinaAMC and Taikang, it can generate passive returns from real-world financial instruments. This sets it apart from other yield-bearing stablecoins that derive returns from DeFi activities such as lending or leverage.
🔺The bigger picture: FUSD is closer to an onchain, cash-equivalent instrument than a speculative yield product.
And since the stablecoin is being deployed mainly in Asia (Hong Kong, Japan, and South Korea), FUSD serves to expand Avalanche’s presence in the region.
Beyond FUSD, FinChain also plans to deploy the FinCoin Protocol on Avalanche. The protocol is designed to support end-to-end issuance, trading, and collateral of tokenized real-world assets.
Chart Of The Week
This past Saturday saw the number of active addresses on the Avalanche C-Chain hit a new six-month high of 1.9M.
Scaling the Ecosystem
Ava Labs' VP of Onchain Finance, Morgan Krupetsky, and VanEck's head of Digital Asset Research, Matthew Siegel, discussed the institutional adoption of crypto and why VanEck chose Avalanche for its ETF
The Helika x Avalanche Game Accelerator revealed the participants of its demo day: Takeover, Imaginus, Luminoria Tactics, Predictfully and Undead Blocks
Avalanche integrated ERC-8004 to its blockchain, allowing developers to create AI agents with identities across the ecosystem
AVAX Community Wins
Don’t Die launched its strategic roguelike dice-game on Avalanche, using USDC for tournament payouts
Avax Team1 wrote about how ProTennis.fun allows tennis fans to become onchain player portfolio managers
The Arena now allows AI Agents to create accounts on its Avalanche-powered SocialFi app
Join In The Fun
Want to dive deeper into Avalanche?
Find the latest Ava Labs job postings here
Sign up for Build Games, a six-week, online product development competition with a $1M prize pool
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.