Avalanche Summer Surge: DeFi TVL Breaks $2B Milestone

**Colony, a five-year Avalanche-exclusive accelerator, is closing operations at the end of Q1 2026.** The team cited structural ecosystem challenges that made their growth mission unsustainable: - Two major initiatives became non-viable after Avalanche deprecated HyperSDK and transferred BTC.b stewardship without advance notice - Deal flow declined sharply, with reduced VC participation and weakening project quality - Leadership turnover and strategic uncertainty increased over time - AVAX declined 90%+ from Colony's launch price **Despite challenges, Colony maintained community alignment:** - Team never sold or staked their CLY allocation - Distributed 193 airdrops totaling ~$30M at peak, plus 31,200 AVAX in rewards - Funded 30+ projects and provided $10M+ in liquidity **Wind-down includes final distributions to CLY stakers:** - $500,000 USDC (from Movement position exit) - ~$40,000 in MOVE tokens (March 9) - 10M CLY tokens (~$137K) to long-term stakers Liquidity pools remain intact. Users must withdraw funds before July 1, 2026, when the application interface shuts down. [Full statement](https://medium.com/@Colonylab/the-end-of-the-road-ef0af614a47d)

**Colony executed another airdrop distribution:** - $40,000 worth of $MOVE tokens delivered directly to $CLY stakers' wallets - Tokens automatically deposited without requiring claims - Part of Colony's ongoing airdrop program for token holders **Context:** This follows a previous $62,000 $MOVE distribution in January. Colony continues its pattern of rewarding $CLY stakers with airdrops from ecosystem projects. The distribution mechanism sends tokens straight to qualifying wallets, eliminating the need for manual claiming processes.

Colony has completed its second $MOVE token airdrop, distributing over $62,000 directly to CLY stakers' wallets. **Key Details:** - Tokens sent directly to Ethereum wallets - no claiming fees required - Part of a 36-month vesting schedule with 34 more airdrops planned - Loyal stakers who maintained active stakes received over 80% of the distribution **Background:** The airdrop stems from Colony's Movement seed allocation. After Movement decided not to proceed with the Avalanche bridge plan, Colony opted to distribute tokens directly on Ethereum. Monthly distributions will continue following the vesting schedule. CLY stakers can trade or use their $MOVE tokens immediately upon receipt.

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 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.