Avalanche Ecosystem Growth: Exploring Top Projects and Market Performance
TechFlow Selected TechFlow Selected
Avalanche Ecosystem Growth: Exploring Top Projects and Market Performance
In this article, researcher Finish will delve into the Avalanche ecosystem, as well as some of its most promising projects and market performance.
Navigating Web3 tides with focused insightsAuthor: Finish
Compiled by: TechFlow
The Avalanche ecosystem has been quietly developing, and prosperity is beginning to emerge. In this article, researcher Finish dives deep into the Avalanche ecosystem, exploring some of its most promising projects and market performance.
With daily active users reaching an all-time high, transaction volume has also surged since January 2023—here’s what happened:
We’ve just experienced a record-breaking NFT trading volume, surpassing 300,000 transactions in April 2023.
Not only are users becoming more active, but developers are working day and night. We haven’t seen such rapid development in a long time.
Moreover, social media attention is skyrocketing, nearly reaching the historical peak from September 2021, but this time our growth is more stable.
Although it may sound obvious, without DApps, users would never use Avalanche. So I’ve compiled a list of the top seven projects driving the industry forward.
According to TVL, Benqi ranks second, though only slightly behind first place. Benqi offers a wide range of financial tools—from liquid staking derivatives (LSD) to lending—and in my view, it's not just a DEX but a highly mature crypto brand. The team here has done an excellent job.
Trader Joe delivers an outstanding user experience and, with continuous innovation, is poised to become a top-tier DEX.
It has also launched an excellent NFT marketplace called Joepegs, which dominates the Avax NFT market. These features helped achieve the record-high NFT trading volume.
GMX is one of the most well-known perpetual exchanges. While the majority of its TVL resides on Arbitrum, Avalanche still holds a significant share.
DeltaPrimeDefi is a unique lending protocol featuring built-in leverage of up to 5x, allowing you to create your own strategies and engage in liquidity mining. It’s a small yet promising DEX on Avalanche that integrates everything imaginable, including:
-
Liquidity mining;
-
DEX aggregator;
-
LSD, and more.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
Finish
