Research Summary
The report discusses the resurgence of Arbitrum and Avalanche, two blockchain platforms that are gaining momentum in the fourth quarter. It highlights the impact of Stars Arena, a social finance platform, on the Avalanche ecosystem. The report also provides updates on various DeFi projects, news, and research on Arcton, Tenet Protocol, and Summer Fi.
Key Takeaways
Arbitrum and Avalanche’s Comeback
- Arbitrum’s Rising Transactions: The report notes an increase in daily transactions on Arbitrum over the past two weeks. This rise is attributed to traders and investors placing bets on projects that might receive an allocation from the Short Term Incentives Program (STIP).
- Avalanche Rush 2.0: Avalanche’s value has increased by 25% from its recent lows in September. The report suggests that the Avalabs team’s efforts to engage their communities have contributed to this resurgence.
Stars Arena’s Impact on Avalanche
- Stars Arena’s Success: Stars Arena, a social finance platform, has seen significant success since its launch two weeks ago. The platform has recorded over 750,000 transactions with over $7,000,000 in volume and has achieved over $2,000,000 in Total Value Locked (TVL) in the last seven days.
- Revitalizing the Avalanche Ecosystem: The report credits Stars Arena with bringing a new lease of life to the Avalanche ecosystem during a challenging market period.
DeFi Insights and News
- DeFi Project Updates: The report provides updates on 11 DeFi projects, including Armada Finance, Frax Finance, HashVerse, HyperSpace, Juicy Perp, Kodiak Finance, Mozaic Finance, Ociswap, Pudgy Penguins, Synthetix, and ZooDAO.
- DeFi News: The report shares news on topics such as the potential approval of spot bitcoin ETFs by the SEC, the issuance of hemp and cannabis certificates on Avalanche by Blockticity, and Ripple’s licensing to provide digital payment token services in Singapore.
Actionable Insights
- Investigate the Potential of Arbitrum and Avalanche: Given their recent resurgence, these platforms may present opportunities for blockchain developers and investors. Their growing transactions and increasing value suggest a positive trend.
- Explore the Impact of Social Finance Platforms: The success of Stars Arena indicates the potential of social finance platforms in revitalizing blockchain ecosystems. Such platforms could be a focus for future investment and development.
- Stay Updated on DeFi Developments: The report highlights the importance of staying informed about updates and news in the DeFi space. This knowledge can guide decision-making in investments and project development.
