Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Now that the dust has settled on FUD and the bears are just in time to decide who the biggest winners are going to be, this could be a good time for us to enter Avalanche. If you don’t know where to start learning about Avalanche? This article should help you.

1.TECH

Avalanche is a heterogeneous network of multiple different blockchains. Simply put, it enables horizontal scaling by allowing everyone to build a custom chain with the tools provided.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

All validators on Avalanche must validate a so-called “main” network, which includes the C, P, and X chains. Validators can also choose to validate sub-networks (aka subnets). Each subnet is fully customizable, and you can even choose to run a different virtual machine.

Another innovation that Avalanche brings is Snow consensus, which allows high transaction throughput and finality while maintaining decentralization and resilience to attacks.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

2. Ecosystem

When people say “avalanche” they either mean:

a) C-chain – the EVM-compatible chain currently accommodating most applications;

b) The entire ecosystem, including multiple subnets.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

C-chain is famous for DeFi, with a TVL of $12 billion at its peak . At the same time, some well-known and innovative projects are being developed or have already been launched. However, most of the transactions on Avalanche come from game-specific chains (mostly DFK and Swimmer).

3. Statistics

Thanks to the operation of the game chain, Avalanche has just created a new ATH in terms of daily transactions and gas usage. C-Chain saw a considerable drop in usage in May, but its usage has remained fairly stable since then.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

4. Tokens

$AVAX is Avalanche’s native token. It is used to pay gas fees on C-Chain, and running a validator requires staking 2000 tokens. Gas fees will be burned, and the maximum supply of $AVAX is 720 million.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Subnets can choose to use different gas tokens and impose additional restrictions on validators.

5.DEFI

Avalanche has a vibrant DeFi ecosystem, including multi-chain (such as AAVE and Curve) and native projects. Here are some of them:

BenqiFinance – The largest native money market and liquidity staking provider. Controls nearly 5 million staked $AVAX.

Platypus – A peg asset DEX that uses an asset-liability management model instead of a traditional bonding curve to determine prices. They were the first project to introduce the new ve model and are now expanding it with voting and governance.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Traderjoe – the largest native DEX, started as a fork of Sushi last year, but has continued to grow and innovate since then. It offers the best token economics in the ecosystem, building a new centralized liquidity AMM with volatility-adjusted fees.

Vector – Convex-like protocol that controls a large amount of vePTP and veJOE (the governance tokens of Platypus and TraderJoe, respectively). The protocol goal is to use their holdings to improve the returns of all liquidity providers without the need for them to accumulate ve-Tokens themselves.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

YetiFinance — CDP protocol that allows users to borrow YUSD stablecoins with interest-bearing collateral. Operates through a model similar to Liquity (i.e. Troves). Recently announced changes to the protocol by introducing PSM and interest rates.

YieldYak – Auto-returner that supports many protocols and farms (including TraderJoe, Platypus, Curve, AAVE). Recently liquid staking for $AVAX with their own $yyAVAX.

Dexalot – CLOB designed to run on its own subnet. It has an ambitious roadmap and has been building on it over the past year, getting closer and closer to an official launch.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

ArrowMarkets – Another project that has been in development for a while. They are developing an AMM for decentralized options trading, which is currently live on the testnet for everyone to use.

HubbleExchange – A recently launched perpetual futures exchange. It currently supports short or long $AVAX, and will support other tokens in the future.

RoboVault – Combines multiple protocols under a single vault, generating incremental neutral benefits for users. Their USDC strategy has yielded around 7-10% APY, even in the current market.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

6.NFT

Avalanche’s NFT ecosystem has been lagging for a while, but there has been a noticeable increase in activity recently. There are three main NFT marketplaces, each with its own focus and set of features.

Joe pegsnft – Distribution Marketplace, responsible for the first release of the project. Examples include: ConsciousLines, Peonnft, Smol Joes. Many series are incubated/developed in-house through Joe Studios.

Campfire – More aimed at less established collections and artists.

Kalao – the oldest of the three, focusing on metadata, art and VR. Recently they launched the V2 version and made a lot of improvements in UI/UX and new features.

7. Games

Avalanche’s subnet structure is perfect for gaming applications as it makes it easy to have each game run on its own chain without crowding/slowing everyone else down. So far, two games have and run their own subnets.

DefiKingdoms – Gamified DEX, which expanded from Harmony in March, provides most of the monthly trading volume.

Crabada – A game similar to Axie that was originally on C-Chain but migrated to its own game-oriented subnet in May of this year.

These two represent the “first generation” of on-chain gaming with important economic elements. The second generation is coming, and more and more games are leveraging blockchain in some aspect of their gameplay.

Castlecrush – a mobile game with a huge player base has recently integrated Avalanche NFTs into itself.

Ascenders – is building a sci-fi RPG game and released a nice demo this spring.

Stay away from FUD | Learn about Avalanche public chain status, ecological projects and tools

Pulsar Game – An MMO RTS, launching at the end of this year, with gameplay similar to StarCraft, but incorporating multiplayer elements and NFTs.

8. Tools/Resources

Navigating a new ecosystem is difficult. Here are some things to help you:

https://snowtrace.io – C-Chain’s browser. If you’ve used Etherscan or something like that, you’re fine with it.

https://avascan.info – Subnet focused browser.

https://t.me/avalanchejobs – Job board for the Avalanche ecosystem.

https://joepegged.xyz – A tool built by VirtualQuery to track Joepeg sales.

https://avaxnftstats.com – more commonly used AVAX NFT data.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/stay-away-from-fud-learn-about-avalanche-public-chain-status-ecological-projects-and-tools/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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