BTC.​b Bridge Migration to Lombard Completed on Avalanche

Sky Ecosystem has deployed USDS and sUSDS stablecoins natively on Avalanche through Skylink, a purpose-built bridge developed by Grove Finance. **Key Features:** - Native USDS and sUSDS tokens without wrapped versions - Burn-and-mint transfer mechanism eliminating idle bridge liquidity - Governance parameters controlled by Sky - First native stablecoin deployment on Avalanche without third-party bridges The integration simplifies cross-chain stablecoin movement for developers while bringing institutional-grade assets onchain with reduced technical tradeoffs.

Bitwise has launched **$BAVA**, a new Avalanche (AVAX) ETF now trading on the NYSE. Matt Hougan and John Nahas from Bitwise discussed the launch, marking another milestone in crypto ETF adoption. The product gives traditional investors regulated exposure to AVAX without directly holding the token. This follows the trend of expanding crypto ETF offerings beyond Bitcoin and Ethereum, bringing alternative layer-1 blockchains to mainstream markets.

**BitWise's Chief Investment Officer Matthew Hougan has outlined the factors driving increased institutional interest in Avalanche.** The explanation comes as institutional adoption of blockchain technology continues to grow. Earlier this year, venture capital firms including Dragonfly and Parafi Capital highlighted Avalanche's technical advantages for institutional builders. **Key factors contributing to demand:** - Institutional recognition of Avalanche's infrastructure capabilities - Growing VC interest in the platform's development potential - Technical features that appeal to enterprise use cases The commentary from BitWise, a major crypto asset manager, signals continued institutional momentum for the platform.

**Avalanche is experiencing a significant surge in developer activity** over the past six months. Key growth metrics include: - Builder Hub accounts increased **20x** - Unique contract deployers surpassed **400,000** - Verified contracts onchain exceeded **700,000** - Tracked projects reached over **550** This dramatic increase in builder engagement suggests **strong momentum** for the Avalanche ecosystem heading into 2025. The growth follows previous spikes in development activity, including nearly 3 million contracts deployed in a single week earlier this year. *These metrics indicate healthy ecosystem expansion* as more developers choose Avalanche for their blockchain projects.

Avalanche's C-Chain has achieved a **new record** for daily transactions in 2025, demonstrating the network's growing adoption and technical capabilities. The milestone highlights the **increasing activity** on Avalanche's primary smart contract chain, which handles most DeFi and dApp transactions on the network. This follows a pattern of **sustained growth** throughout the year, with network activity consistently reaching new heights as more users and developers choose Avalanche for their blockchain needs.