What did Avalanche do right?

Since August, the avalanche (Avalanche) ecology has begun to erupt.

TVL current avalanche of more than $ 13 billion, is the second Ethernet Square after, BSC and Solana public chain of TOP4.

What did Avalanche do right?

Data source: Footprint

For emerging public chains, the ecological development of Avalanche is the most worthy of reference.

The status of Ethereum cannot be imitated and it need not be emphasized. BSC and Solana are backed by exchange giants, and the users and funds that can be imported are not available to most public chains.

In contrast, the cards in Avalanche’s hand are similar to most emerging public chains.

infrastructure

The prerequisite for the public chain to take off is the excellent infrastructure.

The avalanche speed is fast enough, the TPS exceeds 4500, and the gas fee is lower. Of course, this is only the basic foundation. The development of public chains requires cross-chain bridges, EVM, stable coins, and a series of out-of-the-box development tools.

When the public chain completes these preparations, it is possible to undertake the explosion of a large number of applications.

From the end of last year to the beginning of this year, the public chain track was very popular, and almost every public chain claimed to be carrying out a series of ecological construction work.

But when the tide receded, we only knew who was swimming naked.

Take the community creator program that almost every public chain has as an example, Avalanche is still more generous. Submission of 1 article will be rewarded with an AVAX equivalent of USD 250, and if you submit more than 5 articles, each article will be awarded with an AVAX equivalent of USD 500.

In addition, there are many incentives for developers (such as a $50,000 developer tutorial contest). Avalanche has indeed attracted a large number of Ethereum ecological projects to migrate.

In terms of the layout of infrastructure, there is basically output as there is input, but these can be counted as natural flows, and it is still not the key to the rapid rise of the avalanche to TOP4.

Key drainage action

The take-off of the avalanche is inseparable from several key drainage actions, including both the drainage of assets and the drainage of projects.

In terms of assets, Avalanche has been trying to reach more investors.

For example, with American payment service provider Wyre, users in more than 50 countries/regions, including the United States, can convert fiat currencies into DeFi assets in an avalanche ecosystem within 30 seconds.

For example, in cooperation with the encrypted e-commerce platform Shopping.io, users can use AVAX to shop on Amazon, Wal-Mart and eBay.

Recently, Avalanche and Tether launched the Avalanche native USDT, which was quickly accepted by mainstream centralized exchanges. Now most centralized exchange users can quickly deposit and withdraw coins.

Polychain, Three Arrow Capital and other institutions have joined a US$230 million investment in an avalanche ecological project.

In addition, AVAX also launched Coinbase in September, adding another endorsement to investors.

In addition to diversion at the asset level, Avalanche’s actions at the project level are also relatively in place, mainly due to the launch of the Avalanche Rush plan in August.

This is a USD 180 million liquidity mining incentive plan aimed at introducing more projects and assets into the avalanche ecosystem.

It was the first to support the two DeFi protocols with the highest TVL at the time, Aave and Curve, and later introduced other head applications such as Sushi into the avalanche ecology.

The smart part of Xue Beng is that directly introducing the head protocol will have natural brand endorsements and user groups, and many public chains are more inclined to launch their own public chain products, which is undoubtedly more difficult.

The data we can see is that the avalanche ecology officially took off in August and has maintained a momentum of rapid growth until now.

There is one more sentence here. In August, the DeFi protocols on the major emerging public chains have grown weak after several months of explosion. At this time, the timing of the Avalanche launch is also good.

If it was a quarter earlier, users might not be so enthusiastic to migrate to the avalanche…

RCrypto Fund partner Andrew Durgee said. “In the field of public chains, we believe that there are only a few Layer 1 winners, and Avalanche is one of them.”

Head project introduction

Trader Joe

One-stop decentralized trading platform, currently providing DEX and lending services.

The highlight is community-driven, that is, through the JOE/xJOE mortgage mechanism, the clearing and swap fees are returned to users, and then the governance token JOE also rewards its holders with a portion of the exchange revenue.

Data for the past 30 days

What did Avalanche do right?

Data source: DappRadar

Number of addresses:

264,000 209.25%

TVL :

US$3.7 billion

Pangolin pangolin

A DEX similar to Uniswap , the token is PNG.

Pangolin has three advantages: fast and cheap (a few cents), community-driven, and fair token distribution (all tokens are directly distributed to the community without any distribution to the team, consultants, investors, or insiders).

Data for the past 30 days

What did Avalanche do right?

Data source: DappRadar

Number of addresses:

56,000 28.23%

TVL :

700 million USD

Lydia Finance

Automated market maker, income agriculture and staking platform, the token is LYD.

Staking, pooling and earning LYD and many other token utilities on Lydia Finance.

Data for the past 30 days

What did Avalanche do right?

Data source: DappRadar

Number of addresses:

1 million 33.71%

TVL :

$22.22 million

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/what-did-avalanche-do-right/
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