Project name | Description | Interest lvl | ||
---|---|---|---|---|
Avalanche (AVAX) | Description Avalanche is the fastest, most reliable smart contracts platform in the world. Its revolutionary consensus protocol and novel Subnets enable Web3 developers to ... | Interest lvl | Add to Watchlist | |
BENQI (QI) | Description BENQI is a decentralized non-custodial liquidity market protocol, built on Avalanche. | Interest lvl | Add to Watchlist | |
Colony Lab (CLY) | Description Community-driven ecosystem accelerator powering Avalanche’s growth. | Interest lvl | Add to Watchlist | |
ADA Finance (ADAFI) | Description Cross-Dual-Chain DeFi Ecosystem Powered By Cardano and Avalanche. | Interest lvl | Add to Watchlist | |
Bware Labs (BWR) | Description The goal of Bware Labs is to build a decentralized platform where Full Node owners and Endpoint users such as developers and organizations are able to collabora ... | Interest lvl | Add to Watchlist | |
Islander (ISA) | Description Islander is an online learn-to-earn and decentralized platform powered by NFTs to manage and market crypto projects in a unique way. | Interest lvl | Add to Watchlist | |
Paycer (PCR) | Description Building a cross-chain yield aggregation bridge protocol for DeFi and banking. | Interest lvl | Add to Watchlist | |
Steadefi (SDY) | Description Steadefi is the next-gen DeFi protocol designed to provide the highest and most sustainable real yields to investors without the stress of constant position man ... | Interest lvl | Add to Watchlist | |
DeltaPrime (PRIME) | Description DeltaPrime is a trustless lending and borrowing platform deployed on Avalanche and Arbitrum serving as a key pillar in the ever-evolving DeFi landscape. | Interest lvl | Add to Watchlist | |
Arrow Markets (ARROW) | Description Arrow Markets is an options protocol built on top of Avalanche blockchain. Arrow Markets is a Web3 options trading platform optimized for an user experience. At ... | Interest lvl | Add to Watchlist | |
Nunu Spirits (NNT) | Description Nunu Spirits merges the joy of casual gaming with the play2earn capacity of blockchain and turns it all into ecological action. | Interest lvl | Add to Watchlist | |
Gloop (GLOOP) | Description Gloop is a protocol offering an optimally weighted GM asset index token and an advanced lending/borrowing platform for strategic GM leverage. | Interest lvl | Add to Watchlist | |
Orange Web3 (ORNG) | Description Orange is a platform and a Layer 1 blockchain focused on User Generated Content (UGC) tools for web3. | Interest lvl | Add to Watchlist | |
Nuklai (NAI) | Description Nuklai is a Layer 1 blockchain infrastructure uniquely designed to create and empower new AI, through sophisticated data infrastructure and various distributed ... | Interest lvl | Add to Watchlist | |
Xave (XAV) | Description Xave Finance builds liquid FX markets for DeFi. | Interest lvl | Add to Watchlist | |
MetaDOS (SECOND) | Description MetaDOS is the 3D Metaverse Battle Royale game project MetaDOS aims to become the future of E-sport games through an online Action-Adventure Battle Royale game ... | Interest lvl | Add to Watchlist | |
Spark World (SPRK) | Description SparkWorld is an innovative community-centric web3 ecosystem and NFT launchpad, powered by Fair Prediction Launches, underpinned by the $SPRK token and bu ... | Interest lvl | Add to Watchlist | |
TaleCraft (CRAFT) | Description The First Crafting Game on Avalanche. | Interest lvl | Add to Watchlist |
Avalanche is an open-source blockchain platform on which public and private blockchains, DApps, NFTs and cryptocurrencies can be deployed in a single scalable ecosystem.
The main goal of the project is to solve the classic problems of many L1 blockchains; the blockchain trilemma, where one must make trade-offs between security, scalability and decentralization with the least loss. And in fact Avalanche is endowed with the ability to connect to sidechains and support Layer 2 solutions.
A rather young protocol Avalanche launched in 2020 under the leadership of Ava Labs founder Emin Gun Sirer, together with Kevin Sekniqi and Maofan Yin. It’s worth noting that the first mention of Avalanche is noted in the 2018 Team Rocket developer publication. In 2019, the document was updated and added along with several Whitepapers documents.
Before the public launch of Avalanche, Ava Labs held a private tokensale during which they managed to raise $12 million. This was followed by a public ICO during which the company raised 42 million dollars.
Note that the Avalanche protocol structure uses a multi-chain system with three main components:
Each network is endowed with its own design and configuration, providing the platform with higher speed and throughput.
This split is perhaps the main difference between Avalanche and other blockchains.
Avalanche uses Directed Acyclic Graph (DAG) technology to execute transactions in a parallel way. This is a key concept that the Avalanche ecosystem utilizes to achieve the overarching goal of scaling the blockchain.
Also worth noting is that the Avalanche resembles Ethereum, as it is endowed with a nearly similar set of features and tools. Protocol is also compatible with EVMs and offers the use of smart contracts. In addition, Avalanche is well ahead of ETH and is capable of processing up to 4,5k TPS. In early 2024, Ava Labs announced the Vryx Solution, which is designed to significantly increase the speed of transactions on the Avalanche framework.
However, Avalanche is actually divided into many Subnets that allow developers to create their own blockchains within an optimized framework.
Each subnet can be created by a developer and has its own rules, parameters and governance model. In this way, the community is able to establish the most favorable conditions and consensus mechanisms for the blockchain to work properly.
AVAX is a proprietary Avalanche protocol token based on Proof-of-Stake consensus, which is intended for payment of transaction fees, staking and other key operations. In addition, the AVAX token can be used during the creation of smart-contracts and can be used in DApps under development.
Avalanche may truly be a pioneering blockchain solution that seeks to find a balance between scalability, security and decentralization. Designed to overcome Ethereum limitations in terms of transaction speed and cost of fees, Avalanche offers high efficiency and low fees.
With an extensive ecosystem, investments and partnerships, Avalanche continues to evolve in an attempt to gain a meaningful place in the Web3 space.