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
Avalanche TVL: $2B (+4.95%)
Avalanche C-Chain daily txns: 719.9K (+69.03%)
Max transactions per second: 83 (-20.95%)
Total Avalanche validators: 1,067 (-10.41%)
Total Avalanche L1s: 322 (+0.65%)
The percentages and metrics are based on a 7-day timeframe from Token Relations data, unless noted otherwise.
Inside the network
🔺What we’re watching: Re expanded its reinsurance infrastructure platform with the introduction of two new institutional-grade yield products: reUSD and reUSDe.
🔺Why it matters: The reUSD product generates yield through investments in Treasury bills and delta-neutral ETH basis strategies, providing liquidity via Curve, while remaining isolated from insurance risk. This acts like a safe savings account that earns money by lending to the U.S. government through T-bills, which is a low-risk investment. Also, the product can use a balanced market strategy that makes money no matter if prices go up or down. This setup is designed to provide steady returns without taking on the risks of the insurance world, making sure a user’s money is easily accessible when they need it.
On the other end, reUSDe offers exposure to fully collateralized underwriting in U.S. insurance sectors such as homeowners, auto and workers’ compensation, with onchain transparency and built-in liquidity. In contrast, this product is more like multiple pools of investors who help back real-world insurance policies coming together to make a joint holding. Since a user’s money is fully backed, it means less risk, but since it's onchain, they can see exactly how it’s being used.
This development enhances Avalanche's appeal to institutional investors by bridging traditional reinsurance markets with blockchain technology. Through a compliant, KYC/AML-gated product, native DeFi protocols support and familiar avenues it can make the onboarding process easier to digest for a new crypto user.
Since Re provides transparent access to uncorrelated yields from real-world assets (RWAs), these new products address the demand for more sustainable, low-volatility returns in a traditionally volatile sector (crypto).
🔺The bigger picture: As more institutions enter the web3 space, Re's expansion showcases Avalanche's capabilities in the RWA sector, as a regulated financial instrument for onboarding new users. Over the past year, the RWA sector on Avalanche has grown more than 577% to $187 million, Token Relations Dashboard data shows.
This move can attract capital allocators seeking blockchain-enabled exposure to insurance economics, while enabling transparency solutions and DeFi capabilities. If Re’s reinsurance reUSD and reUSDe are adopted by institutions, it can prove that blockchain technology provides access to a previously inaccessible market. In turn, it positions Avalanche as a capable blockchain for these features.
Scaling the ecosystem
The Avalanche Foundation and Helika, a technical and creative provider for the gaming industry, launched its joint gaming accelerator program
Listen to an X space about how this program can provide game studios a path to bring web3 games to market
Core integrated its Avalanche-powered wallet with FIFA Connect and its Avalanche L1
OpenUSDT deployed Tether Gold to Avalanche for access to composable, fractional, multichain gold from the category's largest issuer
Token Relations Avalanche Dashboard shows new all time highs with:
Suzaku at $7.8M in TVL on August 10
Blackhole at $294M in TVL on August 9 and daily DEX volume at $312.4M on August 11
Avant Protocol hit $128M in TVL on August 12
AVAX community wins
LaunchLoop launched Avalanche GameLoop, a game jam for projects on the network that features a $30K prize pool
Off the Grid released a new update to its battle royale game - here’s what stood out:
New game mode with unlimited respawns called Loadout Ladder
Upgraded lobby user interface and HUD to mirror style of battlefield
Additional in-game assets like Mirror Breakers and Delivery Drones
Artery Chain shared it reached 1M total transactions and 12K daily active users since its launch on Avalanche last month
Avalanche Archives
Here’s Avalanche-based articles that made headlines this week.
Building Something Real: How Team1 Türkiye Helps Bring Avalanche to Life (Avalanche Team1 Dao)
Purpose-Built Blockchains will unlock Trillion-Dollar Tokenization (Tokenized Asset Coalition)
Check out the Avalanche blog for more updates.
Join in the fun
Want to dive deeper into Avalanche?
Meet up with the Beam community at Gamescom in Cologne, Germany on August 20
Sign up for Hack2Build: Privacy Edition, Avalanche’s four-week online builder event with a $25K prize pool
Applications for Aphex Labs’ 12-week accelerator is open for early-stage teams that are building staking platforms, liquidity pools or yield farming tools on Avalanche
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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.