Inside issue #56, you'll learn about Avalanche’s new decentralized exchange, why Mirai migrated to Avalanche, improving rollups with SEQ, and more.
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Weekly Avalanche Overview
Data pulled: 12/15/2023
Announcements
Hubble Gives Perpetual Futures Traders New Options
TLDR; Avalanche’s newest decentralized exchange, Hubble Exchange, launched with a fully decentralized matching and liquidation engine.
The 411: Hubble Exchange’s UX aims to resemble that of centralized exchanges but keep the composability and transparency of decentralized platforms, and it uses USDC as its gas token. It’s the first product on Hubblenet, a new Avalanche Subnet.
A Blend of SocialFi and Web3 Gaming Migrates to Avalanche
TLDR; SocialFi and esports are being integrated into blockchain gaming thanks to Mirai Labs’ move from Polygon to Avalanche.
“With its Subnet technology, unmatched developer support, and exceptional scalability, Avalanche is increasingly known in the blockchain industry as the go-to network for Web3 gaming. It just makes sense for Mirai Labs, as a leader in Web3 gaming, to be part of that momentum.”
- Corey Wilton, Co-Founder and CEO of Mirai Labs
Why migrate? Avalanche’s position as a hub for Web3 game development encouraged Mirai Labs’ migration, the driver being Avalanche’s superior scalability, security, and decentralization. The best part is that the entire suite of Mirai Labs' offerings is still available to users, now with a more engaging experience for guild members, their supporters, and more casual gamers. Learn more about the migration and the innovation stemming from it in our blog.
TLDR; Nodekit raised a $1.2M pre-seed round to build a shared sequencer L1 (SEQ) with its own Subnet and HyperSDK.
So what? NodeKit wants to give rollups better robustness, performance, and interoperability by using SEQ to address the main issue overshadowing rollups: centralization. And there’s more…
You’ve already heard the news that Avalanche has more than a few exciting features and functionality on the way, like Teleporter, elastic Subnet staking, PAYG Subnets, continuous staking, new VMs, and more. What does all of this mean for the Avalanche Wallet? On January 23, 2024, the old web wallet is sunsetting in favor of Core, which was built to accommodate these upcoming additions.
Why? The Avalanche community deserves access to top tech, and our old friend WebWallet can’t handle what’s coming. Core supports all your favorite staking features from validating and delegating to X-, P-, C-Chain access, cross-chain transfers, and more (plus full details on your staking portfolio). For the OGs who don’t want to let go just yet, Ava Labs is looking for someone to keep the old open source wallet running. Know someone who has the right stuff?
Get ✨personalized✨ Spaces recommendations in future issues.
ICYMI
Developers Developer Community Call: AvalancheGo Cortina 17, HyperSDK Authentication Object Refractor, and Teleporter Upgrade Strategy. Avalanche →
Interview Interview with Luigi D’Onorio DeMeo: His career path, the future of DeFi, and the state of the Avalanche ecosystem. Dynamo DeFi →
Exclusive Drop The Avalanche Foundation Dropped Avalanche 1s “Midnight” on Monday. Follow Avalanche on Twitter so you don’t miss out on future limited edition merch. Avalanche →
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