Avalanche

The Avalanche Vietnam Game Jam 2024 has wrapped up with impressive results: - 4 weeks of classes - 75 participating teams - 43 games submitted - Over 140 attendees at demo day - More than $20,000 in prizes awarded Organizers expressed enthusiasm for the event's outcomes and the potential of the young developers involved. **Want to stay informed about future Game Jams?** Sign up for updates at http://gamingonavax.com/newsletter

The upcoming Avalanche Summit LATAM in Buenos Aires, Argentina, will feature a discussion on blockchain's role in customer retention and revenue growth for consumer brands. - AvaLabs President John Wu will lead the conversation - Ty Hunny and Breana Teu from TYB will join to share insights - Focus on the rise of on-chain commerce - Exploration of why TYB chose to build on Avalanche The summit aims to expand blockchain's impact in Latin America, offering: - Keynotes, talks, and workshops - App showcases - Discussions on infrastructure, partnerships, and regulations Limited spots are still available for this event happening in two weeks. **To attend:** Visit https://avaxsummitlatam.com/ for registration and more information.

The stablecoin market cap on Avalanche has reached its highest level in over two years, marking a significant milestone for the blockchain platform. This trend indicates: - Growing confidence in Avalanche's ecosystem - Increased adoption of stablecoins on the network - Potential for enhanced liquidity and trading activity The sustained growth over multiple days suggests a robust and consistent upward trajectory. This development could have positive implications for: - DeFi applications on Avalanche - Overall network usage and transaction volume - Attracting more projects and users to the platform Stay tuned for further updates on Avalanche's stablecoin market and its impact on the broader crypto ecosystem.

Folks Finance has introduced a hub-and-spoke model on Avalanche, now live on mainnet. Key features include: - Avalanche serves as the Hub Chain - Manages a unified USDC pool - Accessible by all spoke chains - Users can deposit and borrow across Avalanche and connected networks - Single account functionality An upcoming AMA will provide more details about Folks Finance and Avalanche's role as the Hub chain. *Learn more about this innovative cross-chain lending solution in the scheduled AMA.*

SolvBTC, powered by Solv Protocol, has launched on Avalanche, introducing a 'Bitcoin Reserve for Everyone'. This new offering aims to integrate Bitcoin into the DeFi ecosystem, allowing users to earn returns on their BTC holdings while maintaining exposure to Bitcoin's value. Key features of SolvBTC include: - 1:1 backing by Bitcoin assets - Diverse reserve assets (native BTC, wrapped BTC, Bitcoin ETFs) - Integration with liquidity markets SolvBTC generates yield through: 1. Delta-neutral strategies 2. Market-making activities 3. Omnichain accessibility The launch includes vault strategies using protocols like Babylon, Ethena, and GMX. By bringing SolvBTC to Avalanche, Solv Protocol aims to diversify DeFi opportunities for BTC across the network.