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: $36.00 (-2.86%)
Max transactions per second: 382 (+0%)
Network’s total transactions: 7.21M (-5.13%)
Avalanche C-Chain daily txns: 158.88K (-6.13%)
DeFiLlama’s Avalanche TVL: $909.85M (-8.3%)
BENQI: $345.66 (-3.68%)
Aave: $310.17M (-1.43%)
Trader Joe: $148.6M (-11.71%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Misyon Bank launched their bank-secured “Tokenization Platform” enabling institutions with the ability to tokenize different financial assets and distribute to investors across the globe.
🔺Why it matters: Turkey-based investment banking firm Misyon Bank launched its tokenized solution on the Avalanche network, providing tokenized Turkish sovereign and corporate Eurobonds to investors. It also will allow banks and investment companies to tokenize and fractionalize different assets – something that is not readily available to many institutional firms.
With this initiative, Misyon Bank is showcasing real world use cases and implementation of blockchain technology in the traditional financial realm. Partnerships like these strengthen the tokenization and real world asset sector as the world becomes more digitized, John Wu, president of Ava Labs, emphasized during the Avalanche Quarterly Webinar on Friday with Token Relations. (Listen in on Spotify, Apple Podcasts or YouTube.)
By offering tokenized assets, the platform will allow investors to protect their investments from depreciation while simultaneously allowing for stability with Euro-denominated assets.
“Misyon Bank has developed a first-of-its-kind tokenization solution, prioritizing security, scalability, and efficiency,” said Emin Gün Sirer, co-founder and CEO of Ava Labs.
🔺TLDR: Misyon Bank, an investment banking firm and neobank in Turkey, has launched its Tokenization Platform, allowing for tokenized and fractionalized assets to investors globally, in a less risk volatile way.
Scaling the ecosystem
Defi Kingdoms: 3.23M (-2.81%)
Beam: 29.9K (-52.82%)
PLAYA3ULL: 28.2K (-0.61%)
Void Shards release Voidcaller, a digital asset paired with a redeemable physical product, paired with a 1/1 art piece
Particle Network is bringing chain abstraction to Avalanche, allowing usage of decentralized apps (dApps) on Avalanche, with tokens from any other network
Reclaim Protocol launches on Avalanche, enabling developers to incorporate user data into dApps
Avalanche Workshop hosted in Turkey showcased Core, Avalanche’s native wallet, to 150 engineering students, onboarding 80 students to the platform
Active subnets: 44
Subnet validators: 296
Total validators: 1,784
Total blockchains created in the Avalanche network: 95
Total staked across Subnets: 584, 668 AVAX
Distribution of subnets by category. Source: Snowpeer
AVAX community wins
ICYMI: Mega spaces by Funtico, featuring Dokyo, Lazy Lions, Cozyverse and more
Meet the Kimbo team and learn more about what they’re building
Learn more about BitNote, a centralized password manager, supported by Avalanche, a thread by X user alpha_pls
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Take part in the League of Memes, a memecoin event in the Avalanche ecosystem
Opt in and learn more about AI tools and photography with Avaissance Season 2
Join Avalanche DAO at ETH Dublin Hackathon 2024
Join Avalanche Vietnam this week for a plethora of events and meetups
Sign up for Avalanche ecosystem’s Avax Orlando, happening on August 2nd
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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.