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
🏺 Pharaoh's Ascension
**Pharaoh V3 launches on Avalanche** with major upgrades for the DEX platform. **Key features include:** - Modular, audited architecture with gas optimization - New xPHAR token system - Migration portal now live at [phar.gg](http://phar.gg) **Platform achievements:** - Ranks among top 3 DEXs in Avalanche ecosystem - Distributed over $15M to holders through fees and incentives since v2 - Built with support from Ava Labs and Avalanche Foundation **Migration details:** - Open for PHAR holders, liquidity providers, and voters - Assets, governance, and liquidity move to upgraded contracts - Full documentation available at [docs.phar.gg](http://docs.phar.gg) The upgrade represents a significant step forward for one of Avalanche's leading DeFi protocols.
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.
Colony Lab Announces Suzaku Network Sale
Colony Lab has announced its next project sale featuring Suzaku Network, a decentralization hub for Layer 1 blockchains. The project focuses on accelerating success for Avalanche L1s. Key Points: - Sale date confirmed for June 2nd, 2025 - Project aims to enhance L1 blockchain decentralization - Specifically targets Avalanche ecosystem development - Team noted for focus and commitment This follows significant community anticipation, with $CLY token holders expressing interest in new early-stage project opportunities on the platform.