The Arena: The team is continuing to fine-tune and update the points algorithm, and points will be issued this weekend
Avalanche's social protocol, The Arena, announced in a post on X that the team is continuing to fine-tune and update the points algorithm, so points will be distributed at some point this weekend.
The Arena Delays ARENA Token Launch to July
The Arena, a social protocol within the Avalanche ecosystem, announced that it has decided to postpone the launch of ARENA until July. This will allow the team to deploy a new secure wallet solution before the upcoming user acquisition event. Additionally, this paves the way for social logins (Instagram, Tik Tok, and Reddit) in the near future.Other larger features and partnership releases will also be ready at the same time. Considering the overall situation, the official believes this is the best decision for users, products, and upcoming plans.The official will announce the final date 7 days before the token launch. The token economics will also be released within The Arena at that time.
The Arena: Airdrop points have been distributed and the global ranking has been updated
Avalanche's social protocol, The Arena, announced in a post that it has distributed airdrop points and updated global rankings, with many new users winning the first batch of airdrop points.
Avalanche: 93% of DeFi TVL is locked in Solidity contracts, while popular Web2 languages account for less than 0.2%
Avalanche stated in a post on the X platform that according to DefiLlama data, currently 93% of DeFi TVL is locked in Solidity contracts, followed by Rust at 4.5%. Popular Web2 languages such as C#, C++, or Java together account for less than 0.2%.
The Arena: The launch of ARENA will be delayed appropriately, and the first-day claim rate will be increased to 15%.
The Arena, a social protocol within the Avalanche ecosystem, announced on X platform that the team is coordinating with partners in the wider ecosystem regarding the launch of ARENA later this month. In order to ensure smooth progress with all parties, the team will appropriately delay the release (originally scheduled for next week), but will still launch in June, with the exact date to be announced 5 days before the launch. Due to this delay, The Arena will allow users to claim 15% of their ARENA allocation on the first day, instead of 10% (more information will be released soon).
Avalanche ecosystem developer Colony Lab launches “liquidity vesting” feature, allowing early investors to trade tokens in advance
Colony Lab, a developer and project incubator in the Avalanche blockchain ecosystem, announced a new feature called "Liquidity Mining". It allows early investors to trade their tokens before they are fully unlocked without affecting the project or the secondary market, while also allowing new buyers to establish long-term positions. Simply put, the ownership contract has been tokenized.
Avalanche subnet Lamina1 is now online
Lamina1 subnet has been launched, as shown on the Avalanche official website.It is reported that Lamina1 was co-founded by science fiction writer Neal Stephenson and early Bitcoin investor Peter Vessenes.
Avalanche Foundation distributes 10,000 AVAX as rewards for Memecoin Rush's first week of unilateral staking program
Trader Joe has announced that the Avalanche Foundation has released the rewards for the first week of the Memecoin Rush single-sided staking plan, with a total value of approximately $500,000 and a distribution of 10,000 AVAX. The rewards were distributed among 10 pools based on the percentage of the total staking value (TVL) and the token supply at the time of the snapshot. Participants can access the staking pool they participated in to claim their rewards directly, or they can accumulate rewards throughout the entire event.
Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX
According to official sources, the Avalanche Foundation has announced the launch of the Icebreaker Program, aimed at strengthening ecosystem growth and resilience by expanding Avalanche's on-chain activities. The program has four key goals: empowering new projects, enhancing market stability, diversification, and active ecosystem participation.
The Avalanche Foundation has launched a community grant program through Gitcoin
Avalanche Foundation is launching the Avalanche Community Fund program, which encourages projects and developers to build in the constantly developing ecosystem of Avalanche. The foundation will work with the largest and longest-running Web3 funding program Gitcoin to allocate funding to match community donations and support crowdfunding within the ecosystem. For the first time, the Avalanche community can directly influence which projects the foundation funds. The first round of funding submissions will open on March 26th. Any team or individual who has contributed to or plans to contribute to the Avalanche ecosystem in the past is eligible to apply. The Avalanche Community Fund will be conducted in multiple rounds, each with its own criteria, deadline, and funding limit. Each round will use a combination of Gitcoin grant stacks and secondary and retrospective funding to optimize the grant program.
Multi-chain TG bot Shuriken has been launched on Avalanche
On March 24th, Shuriken, a multi-chain TG bot, announced on X platform that it has launched on Avalanche. Its multi-chain trading bot now supports Avalanche, and users can click to buy by pasting the token address, supporting all major ecological DEX such as TraderJoe. Shuriken currently supports five chains in a high-speed TG bot, including Ethereum, Solana, Base, Blast, and Avalanche.
Alipay plans to use Avalanche to launch Web3-based coupon program
Avalanche has announced that Alipay has subscribed to the "Alipay+D-store" solution and its collaborative electronic wallet is using Avalanche to implement a Web3-supported coupon program. It is reported that the relevant coupons are supported by the Avalanche subnet, and the aim is to allow brands such as Alipay to experience solutions supported by Web3 technology. <br>
Avalanche Price Rallies Amid Binance Announcement
The price of Avalanche (AVAX) has risen by almost 12% following an announcement from Binance, the leading crypto exchange. Binance has introduced a USDC-margined AVAX Perpetual Contract with up to 75x leverage on its Futures platform, which has given investors confidence in the crypto. Binance's endorsement of AVAX signals a vote of confidence in the potential of Avalanche, and the surge in AVAX price following this announcement indicates growing investor interest and positive market sentiment. As of writing, the Avalanche price was up 11.73% to $59.74, with its trading volume staying near the flat line at $1.93 billion.
The Sener address of the Avalanche ecological fundraising project transferred more than 93,000 AVAX to multiple addresses a few hours ago
According to on-chain data, there was a significant change in the fundraising address of Sener, a fundraising project within the Avalanche ecosystem. As of the time of writing, the AVAX balance in the address is less than 28 coins. Several hours ago, the address transferred over 93,000 AVAX, equivalent to approximately 5.7 million USD, to multiple addresses in batches.
Avalanche will activate the Durango upgrade on the mainnet in the early morning of March 7
Patrick O'Grady, the engineering director of Ava Labs, recently stated on X platform that the Avalanche interoperable era will begin at 0:00 on March 7th Beijing time. The proposed production code for the Durango upgrade ([email protected]) has been released. If there is enough staking support for Durango, it will be activated on the mainnet at 0:00 on March 7th Beijing time. In addition, Avalanche Korea officially announced today that the activation time for the Durango upgrade is expected to be 0:00 on March 7th Beijing time. It is reported that the Durango upgrade will introduce Avalanche Warp Messaging into the C chain, enabling local cross-chain communication for each EVM chain in the Avalanche ecosystem, and establishing standards for future virtual machine (VM) use of AWM.
SI Tickets announces partnership with Ava Lab to move Sports Illustrated NFT ticketing platform to Avalanche
SI Tickets, the ticketing department of the American sports magazine "Sports Illustrated," announced that its NFT ticketing platform named "Box Office" has been migrated from the Polygon blockchain to Avalanche. Last May, the NFT ticketing platform was launched on Polygon, providing its users with fast entry passes, drink vouchers, and music downloads. This collaboration will allow the NFT ticketing platform to use the Avalanche blockchain to mint NFT tickets. At the same time, Avalanche will also assist the platform in converting event tickets into dynamic content for guest interaction.
Navigating the Avalanche: An Introduction to the Avalanche Network
Layer-1 blockchains are the beating heart of the digital asset ecosystem, serving as the foundational infrastructure for the creation and execution of smart contracts. These platforms enable a wide spectrum of applications, ranging from financial services to social media. This landscape has seen a considerable evolution, fostering a diverse ecosystem of layer-1 networks—each presenting distinct advantages while navigating the complex trade-offs between scalability, security and decentralization.
Citibank conducts proof-of-concept tokenization trial for private equity funds on Avalanche subnet Spruce
Citibank collaborated with traditional financial giants WisdomTree and Wellington Management to conduct a tokenization concept verification test of private equity funds on the Avalanche subnetwork Spruce. They tested various use cases, including end-to-end token transfers, secondary transfers for trading, and new features verification through collateralized loans.
The scale of token unlocking in February may approach US$900 million, with Avalanche, Aptos and The Sandbox leading the way
According to Token Unlock data, the token unlock scale in February is expected to reach nearly $900 million. This includes:
Avalanche to launch Durango upgrade on Fuji Testnet on February 13
Avalanche announced on social media that the pre-release code for Durango has been released. This is a proposed upgrade for the Avalanche network, which will be activated on the Fuji Testnet at 11:00 am Eastern Time on February 13th, 2024.
