March has been a busy month for both Avalanche (AVAX) and Cardano (ADA). AVAX held its much-anticipated launch in Barcelona. Since the beginning of April, AVAX has been maintaining its high energy. Cardano, on the other hand, draws attention with its highly profitable projects in its ecosystem. As Kriptokoin.com, we have compiled 8 major developments in the Cardano and Avalanche ecosystem. Here are the details…
Avalanche (AVAX)
1) As a leading online NFT gaming platform, Domi Online offers its users full control over their in-game assets, weapons and rewards. In addition, the platform offers opportunities to win games and a host of engaging adventures. In addition, Domi has become the latest gaming platform to adopt Avalanche after its latest announcement.
Domi is the latest version of Avalanche to provide a seamless experience with its in-game economy. will use its own unique subnet technology. This will provide another level of blockchain efficiency. In addition, Domi will also use Avalanche’s features to provide fast and reliable transactions.
2) Coinbase Cloud offers web3 APIs and resources to adapt to the new wave of software developers. The platform also plans to develop solutions for Avalanche’s growing ecosystem. According to the announcement, Coinbase Cloud aims to empower developers to build the future of Web3. This will also make it easier for developers to create projects on Avalanche.
Coinbase Cloud product head Joe Lallouz is excited to work with the Avalanche team Mentioning that Avalanche contributes to creating a more vibrant and accessible Web3 economy, Lallouz explained that they look forward to working with Avalanche to help the network grow and scale.”
3) Lootex is a player-oriented NFT trading platform. According to the announcement, Lootex aims to create a gaming assets marketplace where players can easily discover, trade and purchase gaming assets on their various blockchains.
Also, as part of their expansion plans, the market has confirmed that it supports Avalanche. also announced. Also, Lootex has listed some AVAX-based play-to-win games on its platform. Additionally, the integration allows users to store AVAX in Metamask wallets and trade NFTs on the Lootex Marketplace.
4) Another AVAX Update is Bright Union. A few months after launching its mainnet on Ethereum, expanding it to Polygon and the BNB chain, it is now live on Avalanche.
Bright Union users and cryptos, hacking, rug pull and other It aims to protect from fraudulent types. BrightUnion also provides crypto users with a form of insurance that acts as a loss protection.
5) Terra diversified its plans to purchase $10 billion worth of Bitcoin to create reserves for its stablecoin UST. The Luna Foundation Guard is a non-profit organization for Terra. The platform announced that it plans to purchase $100 million worth of AVAX to increase its stablecoin reserve. In this case, AVAX will be the second asset in the UST reserve after Bitcoin.
Additionally, the Singapore-based organization is the primary supporter of Avalanche for its growth and broad community. chose your network. Thanks to the new partnership, Avalanche users will be able to exchange UST for Avalanche tokens on Terra. This move marks the beginning of a partnership between both platforms.
Cardano (ADA)
6) According to the Cardano Blockchain Insights report, which shows the performance of the Cardano ecosystem for March; At the end of March, 36.2 million transactions were completed in the ecosystem. This shows an increase of 10.25 percent compared to the February report. Looking at the number of active wallets, 3.19 million active wallets were recorded with an increase of 2.46.
At the end of March, there were 886 projects built on the Cardano ecosystem. Also, the amount of ADA staked was 72.5 percent, which is a 5.47 percent increase over the February report. According to the report, there were 2,247 Plutus Scripts at the end of the month, up 40.93 percent. In addition, the number of policies increased by 6.26 percent to 50,843.
7 – The highest-paid projects in the Cardano ecosystem in the last week have also been announced. According to the report published by CoinGecko; ADAPad posted the most gains, posting a 26.7 percent increase in price performance. Orion Protocol, on the other hand, is in second place with an output of 12.6%.
OccamFi is in third place with an increase of 11.1 percent Charli3 is in fourth place with 7.4 percent increase, and SingularityNET is in fifth place with an increase of 7 percent.
8 – The Cardano Foundation enters into a three-year collaboration with the University of Zurich Blockchain Center. The purpose of the collaboration was explained as improving the level of blockchain education and research.
In particular, Blockchain and Distributed Ledger Technologies (BDLT) at the Cardano Foundation and university ) department will focus on various research topics such as the importance of consensus protocols, among others.
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