This month on Avalanche…

• Grove aims to bring ~$250M in RWA onto the Avalanche network

• Blackhole DEX takes DeFi on Avalanche to escape velocity with 250M TVL

• Uptop takes it to the hoop (again) with a second NBA fan activation

Avalanche, Where Capital Connects 🏦🤝🔺

Tokenized real-world assets (RWAs) are rapidly gaining momentum in DeFi, and Grove’s plan to bring $250M in RWAs onchain highlights the accelerating growth on Avalanche. By leveraging Avalanche’s fast, efficient blockchain, Grove is streamlining access to RWAs and showcasing Web3’s potential to democratize finance.

“Avalanche’s long-term RWA vision and proven track record make them the ideal partner,” said Mark Phillips, Co-Founder of Grove Labs.

Read more about the Grove announcement here.

Network Highlights

C-Chain DEXs Deliver Strong Volume Throughout July

C-Chain DEXs had a strong performance throughout July, with Blackhole, Pharaoh Exchange, Dexalot and LFJ V2.2 the four largest exchanges in terms of daily volume.

What's Hot

Blackhole Launches on Avalanche, Hits $250M TVL Milestone

Blackhole’s new DEX offers a unified solution for swapping, bridging, staking, and trading on Avalanche, with token locking for voting rewards that influence liquidity emissions.

Following a strong launch, it ranked among the top DEXs by daily volume in July.

Dive into Blackhole here.

Wyoming & Hashfire Pilot Instant Stablecoin Payments

Wyoming partners with blockchain startup Hashfire to pilot instant stablecoin payments on Avalanche, using programmable contracts for real-time, transparent government transactions.

Read more here.

Ecosystem Highlights

The Detroit Pistons and Uptop have launched a Web3 loyalty program on Avalanche, letting fans turn everyday purchases into exclusive rewards and experiences.

Read more about the partnership here.

Akave Launches First Decentralized Data Layer on Avalanche with Akave Cloud

South Korea’s LG CNS is exploring a blockchain venture to issue a Korean Won stablecoin on Avalanche, aiming to boost regional adoption with faster, more efficient payments.

Read more here.

• Forgotten Playland added two brand-new party games in July

• Off The Grid (OTG) is now live on Steam and available to download

Stories to Keep an Eye On

Korean Won Stablecoin: LG CNS Explores Revolutionary Avalanche Integration

South Korean tech giant, LG CNS, is known for its cutting-edge electronics and home appliances. The company is considering a new blockchain-based venture around the issuance of a stablecoin built on Avalanche. While still in the exploratory stages, the development of a Korean Won stablecoin could drive a surge in adoption in the region, with faster, more efficient payment rails becoming a possibility.

Read more here.

AvaCloud: Accelerating L1 Development

• Mainnet Launches

• Tixbase →
• Letsbuyhealthcare →
• Artery Chain →

• Testnet Launches

• Quantinium →
• Qoneqt →

• AvaCloud Node Sales →

• Hashfire x $WYST Coindesk Mention →

• Institutional adoption will not happen without privacy →

Avalanche Team1 Updates

Team1 Announces India Hackathon Tour 2025

Team1 is hosting a new Hackathon across six Indian cities with $3K prizes per city, $7K in national prizes, swag, and up to $10K in Mini Grants—plus direct access to Avalanche grant programs.

Learn more about the hackathon here.

Team1 Launches First Mini Grant Fund

Team1 has launched a $100K Mini Grant Fund to support early-stage builders in India with funding, technical support, and ecosystem access.

Apply for a grant here.

All Eyes on Avalanche: Token Relations and Blockworks Launch Public Dashboards

In July, Token Relations and Blockworks launched Avalanche dashboards with real-time metrics on staking, DEX activity, and L1/C-Chain volumes—boosting transparency and insight into onchain activity.

Avalanche in the Press

NBA

Detroit Pistons Partner With Uptop to Launch New Pistons Rewards Program →

Coindesk

Wyoming Tests Instant Payments with State-Issued Stablecoin on Avalanche-Based Hashfire →

Cointelegraph

Avalanche gains $250M RWA boost with Grove, Janus Henderson funds →

The Block

Visa expands stablecoin settlement to include PayPal's PYUSD, Paxos-issued USDG, Circle's EURC, and adds support for Stellar and Avalanche →

The Defiant

Avalanche Surpasses All-Time High Activity, Driven by Gaming and DEXs →

Avalanche Podcasts & Broadcasts

• Martin Eckardt joins Eco Foundation for a workshop on building Avalanche L1s →

• AI-Powered Future of DeFi: John Nahas, Chief Business Officer At Ava Labs, In Dinis Guarda YouTube Podcast →

Refer Projects. Earn Rewards & Broadcasts

Retro9000 is powering the next wave of L1s, tooling on Avalanche and offers up to $10K per project referral, from a $2M reward pool.

Avalanche Foundation Launches the Developer Credit Program

Avalanche Foundation & Space and Time team up to offer up to $250K to Avalanche builders to create data suites and use Dreamspace to vibe-code new projects on the C-Chain.