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.
