Colonylab

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.

**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.

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**, 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 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.

Colony Lab has opened refund claims for eligible participants through their app [app.colonylab.io/early-stage/refunds](http://app.colonylab.io/early-stage/refunds). Key points: - Only addresses that participated in previous sales with claimable USDC can view the refund page - Users should claim funds if planning to participate in upcoming sale - New sale announced for established AVAX-based project focused on L1s - Sale scheduled for this week *Important*: Refund visibility is limited to qualifying addresses only. Check notifications for updates.

Colony is holding a community vote regarding refunds for 3 unlaunched Movement Rally projects. The decision comes after Movement Labs failed to deliver the promised Avalanche bridge post-mainnet. - Voting power is weighted based on USDC contributions - Voting deadline: May 24, 2025, 8:00 AM UTC - Vote at [Snapshot](http://snapshot.box/#/s:colonyavax.eth/proposal/0x913b7ba77361357a9dc5ae307029d833b47f1960217279a68e92718d52866109) *Key Issue:* Movement Labs has not built the agreed-upon bridge between Movement and Avalanche since mainnet launch.

Core wallet has launched a new feature enabling gasless transactions on the Avalanche network. This development could be significant for Web3 adoption by removing a key barrier to entry for new users. Key points: - Transactions can now be executed without users paying gas fees - Feature is available across multiple regions and languages - Implementation aims to make Web3 more accessible to mainstream users The announcement has been shared globally in Portuguese, Spanish, Korean, Chinese, Russian, and Turkish, highlighting the international scope of this rollout.

Avalanche introduces The AVAX Minute, a new multi-language series providing quick updates on ecosystem developments. The first episode showcases @AvaCloud's encrypted-ERC (eERC) token standard, which enables: - Confidential transactions with full auditability - Enhanced privacy features for Web3 applications - New blockchain use cases The series is available in English, Portuguese, Spanish, Korean, Chinese, and Russian, making Avalanche updates more accessible globally. [Watch Episode 1](https://twitter.com/avalancheavax)