Investors were shaken by big price declines last week. Because of this, Avalanche’s indexes fell in comparison to the previous week. In any case, the bear market might persist in the near term. Dapps on Avalanche continue to grow for a long period of time with quality updates.

Network Growth

Daily Transactions

Average Daily Transactions April 25 – May 1 on the Avalanche chain reach 811,875 transactions. Down 1.0% since last week (820,163). The number reached 841,948 at the peak of the data on April 25. And the lowest was on April 30, with 792,156 transactions. There is nothing particularly noteworthy about this statistic.

Unique Addresses

There are an average of 2,611,623 unique addresses this week. Last week, there were 2,556,620 addresses, a 2.1% increase. This is similar to the index from the previous week.

Active addresses

The daily active address count has been consistent at 87,553 addresses over the previous seven days, Down from 89,928 last week (-2.64%). April 25 is the day with the most active addresses (97,069 addresses). The 1st of May is the day on which this indicator shows the lowest value (76,226 addresses). It seems that the market is panicking investors even more in May.

Total Value Locked

This week has seen a small decline in the total value locked. It decreased in value from 16.52 billion to 15.79 billion (-4.2%). There has been a fall this week, after a steady increase last week. In this data, Avalanche is still ranked higher than BNB Chain and Solana.

Highlight Events

Yeti Finance’s integration with Aave V3 is live

Aave v3 has over $1.5B in assets deposited on Avalanche that can now be collateralized on the Yeti Finance platform.

More details here.

Domi Online’s April development update is live

Development update includes:

• Major graphics development
• Improvement of post-processing and lighting
• Quest development
• Improved voice acting implementation
• Fetching mechanics implemented
• Exploration mechanics implemented
• Grinding mechanics implemented

More details here.

Lydia Finance’s new NFT Staking product

• AVAX Lion NFT staking
• 1 million LYD per month
• Multiple to stake at the same time

More details here.

Canary 2022 Roadmap

In all reality, it was a promising start, and there’s more to come at Canary. The positive aspect of this situation is that they are making some extremely solid moves.

More details here.

The Complete Version of Ascenders Combat Challenge is available for download

3 Full Game Mode

• Improved Combat Challenge
• Racing Robot
• Third Mode: TBA on Ascenders Discord

More details here.

Spotlight Projects

Top Gainers and Losers

Step.App

Step App is creating a gamified metaverse for the fitness economy. Walk, jog, and run to socialize, play, and earn. Fitness and even basic physical exercise are ingrained in the lives of many individuals. A blockchain product that taps into an aspect of many people’s everyday lives is at the apex of cryptocurrency adoption.

Struct Finance

Struct Finance is a new DeFi protocol that enables users to create unique interest rate products and combine them with ecosystem alternatives to create better-structured products. Our platform expands the design area for future structured products and expands the investment options accessible today.

It focuses on establishing the tools and instruments necessary to enable permissionless access to broader investment opportunities previously available only to the privileged.

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 ventures@coincu.com.

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.

Marshall

Coincu Ventures