Weekly 24 On Chain Recap

Welcome to Week 24 On Chain Recap of Avaxholic. Here we cover events from June 13th to June 19th.

Upcoming Events In Week 24

  • June 13th:

NFT Sale on Finnovant

MetaOasis hold an AMA with GAMERSE

  • June 14th:

NFT Katasi live on Kalao Marketplace

  • June 15th:

Crypto Dolls minting NFT

Vending Machines NFT AMA with Game Theory

Vrumble minting NFT

The second episode of Husky Radio

  • June 17th:

The Person WL sale on Joepegs

  • June 18th:

8MF minting NFT

Week 24 On Chain Recap

To begin with, let’s go through the ranking of dApps on Avalanche by the most users for the last 7 days.

Speaking of top Avalanche dApps with the most users in Week 24, Trader Joe is the leading decentralized cryptocurrency exchange for the Avalanche network. It’s also the most popular dApps on Avalanche with 34.07k users, whereas Step.app, a move-to-earn game app, although released just recently, is on the 2nd place with 6.98k users. Pangolin Exchange and Bogged Finance came third and fourth place respectively with 4.77k and 3.2k users.

How about top volume trading NFTs? Let’s take a look at the chart below.

As one of the largest GameFi projects on Avalanche, Crabada is an exciting play-and-earn idle game based in a world filled with fierce fighting Hermit-Crabs called Crabada (the NFTs). As you can see, this game has the most value, reaching over 7k of volume trading NFTs on Avalanche last week.

More specifically, Crabada has integrated Chainlink Verifiable Random Function (VRF) and Chainlink Keepers on June 16th, which in turn helps randomly select winners on the Lucky Draw event, while Keepers will enable the start and the stop of each draw, initiate the VRF call and distribute prizes to winners. Recently, the Lucky Draw event has even been extended to support other games that are looking to give away their in-game NFTs.

The next place is for Chikn, as an early innovator in the NFT gaming sector, with 5.2k of volume trading on Avalanche network for the last 7 days. It is a novel concept that demonstrates the capabilities of NFTs and emissions tokens in a simple format — Chikn lay EGG.

God of Asgard came third, following it is Roostr, a project of Chikn Farm’s team that helps extend their deepest gratitude to every single individual who made the time to mint a Roostr NFT.

So what’s the potential projects on Avalanche? Let’s talk about the ranking of projects with market cap below $50M.

There is no doubt that Yield Yak, an automated yield compounder built natively on the Avalanche blockchain platform, is continuing its rapid growth within the Avalanche community and becoming the most potential projects on Avalanche with a market cap below $50M.

Moreover, Yield Yak’s new yield-bearing liquid staking token yyAVAX is getting closer to launch, which means yyAVAX will be available on a secondary market and it can be swapped for instead of minting during the opening ceremony.

Platypus Finance, based on the Avalanche-X program, came second. It is the first to have innovated an on-chain random generation minting method for NFT on Avalanche. This brought fairness, transparency, and user safety to the process of minting NFTs. Its market cap is about $5.4M, whereas Yield Yak’s is $2.19M.

Conclusion

Hopefully, the information that Avaxholic has gathered in the article will be useful to you. Join the Avaxholic chat group now to discuss the hot topics about the crypto market with the Avaxholic admin team!!!

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