Tesseract Launches Cross-Chain Liquidity Protocol on Avalanche
Tesseract Launches Cross-Chain Liquidity Protocol on Avalanche
馃 Yield Yak Team's Next Move
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.
馃攰Have you heard about @Tesseract_avax?馃 Do you know what it is? Tesseract is a protocol worth learning about, and we got you covered with all you need to know. Tesseract is ready to revolutionize asset movement Across @avax L1s and the C鈥慍hain. 馃殌 馃攳 Let鈥檚 dive in
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.
馃敟 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.
Avalanche Summer Surge: DeFi TVL Breaks $2B Milestone
**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.
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)