Avalanche Weekly Recap | March 21 – March 27, 2022

The last week of Avalanche has been really exciting, with the Avalanche Summit event and a series of project updates taking place. Defi and Gamefi are both very well developed on the platform. Let’s have a look at the most recent changes.

Network Growth

Avalanche Daily Transactions

Daily transactions average week 13 on the Avalanche chain reach 827,365. Up 1.4% since last week (815,700). The number reached 845,987 at the peak of the data on March 24. And the lowest was on March 27, with 807,265 transactions.

Unique Addresses

The weekly average cumulative unique address count is 2,356,833. Up 2.5% from 2,298,908 last week. This is a very consistent rate of increase throughout time.

Active addresses

The daily active address count remains in the range of 86,879 in 7 days, compared to 97,125 last week (-10.6%). It appears as though a large number of addresses have migrated.

Total Value Locked

AVAX 7-Days TVL improves by a little amount (+1,15%) and reaches a total of 15.06B. Rank #4 after being flipped by Binance Chain in the top Blockchains by TVL.

Highlight events

The Avalanche Summit has officially kicked off in Barcelona

Avalanche Summit had taken Barcelona by storm at the Poble Espanyol from March 22 to 27, 2022. This is a conference of Avalanche-based developers, researchers, and makers. Avalanche platform developments and meet resembling developers building the future generation of Web3 apps.

Crystalvale is going live on March 30

Defi Kingdoms (DFK) was one of the projects invited to present at the summit, and they recently released an amazing alpha for their future expansion, Crystalvale. DFK network, which is built on the C-Chain, enables users to pay for gas fees with their native token, $JEWEL. The way to evade holding the additional gas token, faster transaction speeds, and lower transaction fees are all extremely beneficial advantages.

Trader Joe is now listed on Crypto.com

$100M Avalanche Creator Fund with Grimes and Op3n

The Avalanche Foundation and web3 social media platform Op3n launched a $100 million initiative to encourage creatives to build projects on the platform as the blockchain network’s visibility among non-crypto natives continues to grow.

With a user interface similar to TikTok, Op3n describes itself as an app that enables artists to easily interact with followers through web3 technology.

Degis mainnet launch

Defi launch V2 is coming

A new version of DeFi Launch is coming soon with new features that will make investors more secure.

Hurricaneswap Introduces Its NFT Platform

Hurricane NFT market is the first cross-chain NFT trading platform on Avalanche. Users can trade NFT on any chain and save a lot of time and fees for cross-chain NFT transactions.

35%+ of the $VTX supply is locked

Spotlight Projects

Top Gainers in 7 Days

Lost Worlds IDO on Avalaunch

Lost Worlds is a 1st of its kind NFT platform experience where NFTs are geographically bound to real-world locations for collectors to discover and mint.

The platform gives creators, brands and players the ability to use geo-location as a medium, merging the physical and Web3 worlds providing a new layer of scarcity and utility in how we evaluate and value people’s experience with NFTs. In short, Lost Worlds brings NFTs into the real world.

IDO Recap (Click here for more details)

  • Total LOST for sale: 2M
  • Price: $0.55
  • Size: $1,100,000
  • Vesting — 25% at TGE, 30-day cliff, weekly vesting for 12 weeks

Snake City

SnakeCity is a new Gamefi project on the Avalanche Network, and each of the game’s NFTs serves as a colourful snake. The game begins with the player commanding a heroic snake warrior who fights in conflicts against other snake players around the metaverse. The project is a combination of Play-to-Earn and Free-to-Play.

Find more information about Avalanche:

Website: https://www.avax.network/

Whitepaper: https://www.avalabs.org/whitepapers

Twitter: https://twitter.com/avalancheavax

Telegram: https://t.me/avalancheavax

If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].

DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.


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