Off The Grid sees game showcase spike after dropping its NDA
Avalanche Weekly Overview - October 9, 2024
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.
New here? Subscribe here to get updates to your inbox. Every Wednesday.
Avalanche by the numbers
AVAX token price: $26.08 (-0.76%)
Max transactions per second: 378 (-10.21%)
Network’s total transactions: 10.1M (-4.08%)
Avalanche C-Chain daily txns: 159K (-17.36%)
DeFiLlama’s Avalanche TVL: $1.05B (+3.11%)
Top 3 Avalanche DeFi projects by TVL:
BENQI: $426.66M (-2.59%)
Aave: $381.07M (+1.61%)
LFJ: $116.44M (-5.43%)
These metrics are based on a 7-day time frame, unless noted otherwise.
Inside the network
🔺What we’re watching: Off The Grid, a cyberpunk battle royale web3 game, lifted its NDA, which led to an increase of gameplay showcases and activations.
🔺Why it matters: Off The Grid’s NDA previously restricted players from sharing gameplay videos publicly in an attempt to safeguard sensitive details around the game’s development before its official release. This controlled communication aimed to ensure that early builds were kept under wraps and it could build anticipation for the game.
With the NDA now lifted, the community has responded with a wave of gameplay videos and streams, including notable gaming figures like Ninja, Timthetatman, and Scump. You can also explore a list of Twitch streamers playing Off the Grid here.
This shift is significant because until now, Off The Grid has built its reputation primarily through hype and selective beta testing. It’s also available on PC, PlayStation 5 and Xbox, which opens it up to a broader player base, potentially attracting gamers who were previously unaware of the game’s existence.
Games will typically partner with high profile figures in the community as a marketing tactic. Off The Grid getting Ninja, Timthetatman, and Scump to showcase the game in a collaborative sponsored stream is no different. These names, among others, are well known and respected by gamers and can provide Off The Grid the credibility it may need to reach a wider audience.
🔺The bigger picture: Off The Grid integrates blockchain technology, utilizing the Gunz L1 chain which is powered by Avalanche. It’s been five years in the making and has become one of the largest games within the Avalanche ecosystem, lifting its NDA could drive substantial exposure, directly impacting onchain engagement as more players dive into the game.
Off The Grid’s latest marketing push has the potential to onboard traditional gamers into the web3 space. This campaign could be seen as a pivotal moment for web3 gaming and bridging the gap between traditional and blockchain gaming, showcasing the future possibilities of decentralized gaming ecosystems.
Scaling the ecosystem
Top 3 Avalanche games by 7-day total txns:
Defi Kingdoms: 4.61M (-2.13%)
Shrapnel: 168K (-2.25%)
Tiltyard: 49.05K (+9.51%)
Suzaku launched its restaking protocol designed specifically to help scale Avalanche L1s
3thix teamed up with Avalanche to develop an ad-tech protocol for the gaming economy
Quboid announced the launch of QChain, its gamified brand loyalty Avalanche L1
Daily transactions on the PLAYA3ULL GAMES L1 hit 5,226, an all-time high for the protocol (shown below)
Source: Avalanche subnets scan
Active L1s: 40
L1 validators: 278
Total L1 validators: 1,592
Total blockchains created in the Avalanche network: 107
Total staked across Subnets: 559,094 AVAX
Distribution of L1s by category. Source: Snowpeer
AVAX community wins
Check out this video by Youtuber Jibken that showcased Pulsar, a real-time strategy game built on Avalanche
Read about LFJ and the company’s rebrand from Trader Joe in a thread by X user codeglitch
ICYMI: Gamer CAGYJAN live streamed Avalanche-powered MMORPG Spellborne
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
3thix partners with Avalanche on !eb3 gaming ad data (Venture Beat)
Ninja gets own skin in Off the Grid (Esports.GG)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
X user ItsEduMock is hosting a gamefest night for Off the Grid - participate here
Join the community at Avalanche Summit III in Buenos Aires, Argentina from Oct. 16-19
To get this newsletter delivered to your inbox every Wednesday, subscribe here.
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.