Avalanche Summer Surge: DeFi TVL Breaks $2B Milestone
Avalanche Summer Surge: DeFi TVL Breaks $2B Milestone
🔥 Avalanche breaks barriers
Avalanche experienced significant growth this summer across multiple metrics:
- DeFi TVL milestone: Broke $2B in July for the first time in over 2 years
- Trading volume surge: Hit $12B in August, highest since January 2022
- Key DEX platforms: Growth driven by PharaohExchange, BlackholeDex, and LFJ
Network achievements:
- Surpassed 4 billion total transactions
- Reached $2.2B in stablecoins
- Daily transfers now rival top blockchain networks
RWA sector expansion:
- Real World Assets market cap reached $305M
- 58% growth in just 30 days
The network's momentum builds on August's institutional adoption, including Grayscale's AVAX ETF filing, tokenized assets from Dinari and Bowmore whisky, and Wyoming's state-backed stablecoin integration.
🚨 August was massive for @avax!🔥 From tokenized stocks & whisky bottles to state-backed stablecoins & ETFs.. #Avalanche was everywhere this month: • @Grayscale's #AVAX #ETF filing • @DinariGlobal launching its L1 for tokenized U.S. equities • @Bowmore one of Scotland’s
🔥 This summer has been hot for @avax. In July, DeFi TVL broke $2B on #Avalanche for the first time in 2+ years. End of August, Avalanche hit $12B in trading volume, its highest since Jan 2022, across @PharaohExchange, @BlackholeDex & @LFJ_gg. The network also surpassed 4B
First $MOVE Airdrop Goes Live on Ethereum with $73,000 Distributed
The inaugural **$MOVE airdrop** is now active on Ethereum, distributing over **$73,000** to eligible wallets. **Key Details:** - Tokens sent directly to wallets - no claiming fees required - **Loyal CLY stakers** receive over 80% of distribution - Rewards those who maintained active stakes without unstaking **What's Next:** - **35 additional airdrops** planned monthly - Distribution follows Movement's vesting schedule - Originally planned for Avalanche bridge, now on Ethereum **Check your wallet** if you're a CLY staker - tokens should already be available for trading or use.
🔥 Suzaku's First LSTs
**Suzaku Network announces first two L1 LSTs** Suzaku Network has launched their inaugural L1 Liquid Staking Tokens (LSTs) for: - **Dexalot** - decentralized exchange protocol - **OnPlyr** - gaming platform This marks a significant milestone for Suzaku's infrastructure development on Avalanche. **What this means:** - Enhanced staking opportunities for both protocols - Strengthened decentralization hub for Avalanche L1s - Progress toward Suzaku's vision of L1 interoperability The announcement positions Suzaku as a key player in Avalanche's restaking and infrastructure landscape, potentially opening new yield opportunities for users of both Dexalot and OnPlyr platforms.
Suzaku Network Token Launch and Airdrop Update
Colony has airdropped 388,860+ $SUZ tokens to $CLY stakers following their $500,000 $sAVAX liquidity provision to Suzaku Network. Colony achieved #1 ranking on Suzaku Points Leaderboard. Two key opportunities for $SUZ holders: - Stake $SUZ for $sSUZ to earn 1.5% of total supply in Year 1 - Provide SUZ/USDC liquidity on BlackholeDex with YieldYak auto-compounding Upcoming developments include: - New airdrops in $SUZ and other tokens - DeFi integrations and incentives - Protocol fee rewards Claim your airdrop at [Colony Lab](http://app.colonylab.io/airdrops)
Tesseract Launches Cross-Chain Liquidity Protocol on Avalanche
**Tesseract**, built by the team behind Yield Yak, launches a trustless cross-chain trading platform on Avalanche. Key features: - Seamless asset movement between C-Chain and Avalanche L1s - Best pricing through aggregated liquidity across chains - No manual chain switching or bridging required - Plug-and-play integration for L1 operators The protocol leverages Avalanche's ICM and ICTT technology for secure cross-chain swaps. Already integrated with major DEXs including Uniswap, Curve, and GMX. *Why it matters*: Tesseract addresses the critical liquidity challenge for new chains in Avalanche's ecosystem, supporting the Million blockchain vision.