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Inventory of the latest developments in the Avalanche ecosystem, can it take over from the Solana ecosystem and usher in an uptrend.

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Original title: "Inventory of the latest developments in the Avalanche ecosystem, can it take over and bring an increase to the Solana ecosystem?"

Original source: DeepTech TechFlow

Recently, the Solana ecosystem has performed exceptionally well, and the entire ecosystem has experienced a general uptrend, especially with the recent airdrop of Jito, which has caused many users to pay attention to Solana's interaction. Previously, we shared an article about potential airdrop opportunities in the Solana ecosystem. Interested readers can refer to the previous article: "Jito is fierce, don't miss out on the other 5 projects that may airdrop in the Solana ecosystem".

This wave of "Solana" opportunity was missed, and people often look for the next "Solana".

Just like how people would go for Eth\Solana inscriptions if they couldn't get their hands on BRC inscriptions. Whether it makes sense or not is not important, just go for it first.

During the previous bull market, Solana led the way in the Alt Layer1 space, followed by public chain tokens such as Avalanche and Polygon breaking new highs.

After the recent surge in Solana's market, more and more users are paying attention to the ecosystem of Avalanche. AVAX has also recently broken through $30 and risen to the 11th place in ranking. This article will take stock of the latest ecological progress and project situation of Avalanche, hoping to be helpful to friends who are concerned about the Avalanche ecosystem.

1. Avalanche Catalyst

From the development of the public chain itself, the biggest progress of Avalanche is in the direction of RWA and cooperation with enterprises. The following figure lists financial institutions that are using or testing Avalanche, including:

1-Fidelity: Located in Boston, it is a leader in asset management and brokerage services, managing assets of approximately $4.2 trillion. 2-JPMorgan Chase & Co.: Located in New York, it is a well-known global investment bank and financial services provider, managing assets of approximately $2.6 trillion. 3-Wellington Management: Located in Boston, it is a major participant in the mutual fund and institutional management fields, managing assets of approximately $1.4 trillion. 4-T.Rowe Price: Located in Baltimore, it is a globally recognized active investment management company, managing assets of approximately $1.31 trillion. 5-KKR: Located in New York, it is a global investment firm with influence in the private equity field, managing assets of approximately $429 billion. 6-Apollo: Located in New York, it is a highly anticipated alternative investment management company, managing assets of approximately $461 billion. 7-WisdomTree: Located in New York, it is known for ETFs and innovative investment solutions, managing assets of approximately $75.5 billion. 8-ANZ: Located in Australia, it is one of the country's largest banks and has a significant presence in the financial services industry, not primarily based on assets under management (AUM). 9-Citi: Located in New York, it has a significant presence in consumer banking and the global financial industry, not primarily based on assets under management (AUM). 10-Republic: Located in New York, it is a leading Web3 platform focused on private investments and securities, with an unspecified asset management scale.

In addition, Avalanche also collaborates with top global enterprises such as IEEE, TSM, and ST.

The above collaboration is also closely related to Avalanche's emphasis on compliance. Recently, the SEC released a list of tokens defined as securities, including SOL, MATIC and many other top public chain projects, but AVAX was not included.

Combining with Avalanche's feature of customizing subnets, we can still expect more enterprises to cooperate with it in the future.

2. DeFi

Traderjoe: The largest DEX on Avalanche

Speaking of DeFi, the majority of trading volume on Avalanche occurs on traderjoe. According to data from November 12th to November 18th, traderjoe's volume on Avalanche accounted for 67% of the total, making it the undisputed top DEX.

TraderJoe was born in 2021 and underwent a comprehensive brand update earlier this year. At the same time, Liquity book was launched on its products and performed well during the arbitrum airdrop period. For a detailed introduction to Liquity book, please refer to the article: "What problems does Trader Joe's Liquidity Book solve compared to Uniswap V3?"

Regarding future development, the co-founder recently shared some plans on Twitter. However, for users, the most immediate opportunity to participate is the Layerzero airdrop.

Currently, $JOE has been deployed on Avalanche, Arbitrum, and BNB Chain. Users can use the Bridge button on the official website homepage to transfer their $JOE to different chains. Layerzero provides the cross-chain solution for $JOE.

Steakhut: Liquidity management solution based on Trader Joe

SteakHut provides LP with an automated liquidity management solution. The project initially served TraderJoe and benefited from TraderJoe's recent gains. SteakHut's token $STEAK also saw a 400% to 500% increase in value within a month.

Recently, SteakHut has also completed its seed round of financing and will expand its vision to provide better liquidity management solutions for the entire Avalanche ecosystem. For more detailed information about SteakHut, please refer to the article: "Detailed Explanation of SteakHut: Liquidity Management Solution Based on Trader Joe".

Benqi: The largest lending and liquidity collateral protocol on Avalanche

Benqi is one of the most important protocols in the Avalanche ecosystem, providing lending, borrowing, and liquidity services to Avalanche. It is also currently the protocol with the highest TVL in the Avalanche ecosystem.

Benqi has a very long history in the Avalanche ecosystem. Whenever $AVAX performs well, its token $QI often receives more attention. At the same time, $QI is also the only token in the Avalanche ecosystem that has been listed on Coinbase.

3. GameFi

Shrapnel: Avalanche 热度最高的 AAA 链游

translates to

Shrapnel: Avalanche, the Hottest AAA Blockchain Game

in English.

Shrapnel is a project launched in early 2022. At that time, we did a nearly 30-minute video to explain its white paper and prospects. Interested friends can learn more about it through the video: SHRAP｜Shrapnel Avalanche 3A Shooting Chain Game, Encouraging Independent Creation.

Recently, this game has become popular mainly because its token $SHRAP has been on an upward trend, with FDV currently exceeding 1 billion.

Shrapnel has previously released some video trailers and conducted offline testing at many Avalanche events, with generally positive feedback. At the same time, two months ago, the project once again received a $20 million financing led by Polychain.

Due to the promotion of Shrapnel, more and more users are paying attention to the gaming ecosystem on Avalanche. However, in general, apart from Shrapnel, there are currently no particularly outstanding games. Previously, the relatively popular Defikingdoms and Ascenders both experienced situations of online bugs and soft rugs.

However, judging from the current popularity within the community, Off The Grid (released by Gunzilla Games), BloodLoop, Defikingdom and other games have more discussions within the community.

4. NFT

Dokyo: Currently the hottest NFT in the Avalanche ecosystem

5. meme

StepApp is a running shoe simulation platform on Avalanche. Recently, due to a rebranding plan, some Avalanche users have started discussing it, and its token $FITFI has risen by 95% in the past 30 days.

After several years of development, the Avalanche ecosystem currently has more than 350 protocols and applications, while many projects have gradually stopped operating or experienced soft rug. The following is a relatively complete overview of the Avalanche ecosystem's projects.