How to use 「Slash Web3 Payment」in the Avalanche ecosystem
Avalanche：
・Subnet：Create your own blockchain
・Native BTC Bridge：Use BTC/defi tho Avalanche
・Stock Tokenization: Improving the Liquidity of Unlisted Stocks
Progress is being made in using to address issues in areas that are considered inefficient due to lack of interoperability. Many blockchains have built ecosystems such as NFT, DeFi and GameFi, but future applications in a wider range of domains will provide a competitive advantage.
This time we will summarize the latest case of Avalanche and explain how to use “Slash Web3 Payment” in its ecosystem.
Avalanche’s latest ecological trends
Avalanche burst into the cryptocurrency mainstream with an incentive program that began in August 2021. Looking back on those days, the market saw the $JOE (TraderJoe) craze and an unprecedented ecological frenzy.
Because Opensea and MagicEden：
・ETH
・Polygon
・Solana
These three ecologies are at the forefront of the NFT field.
However, the GameFi project “Crabada”, which is touted as a representative of Avalanche, surpassed BAYC and Axie in terms of transaction volume in February 2022.
Avalanche has been gaining popularity as a GameFi chain lately due to Crabada and DeFi Kingdom building their own blockchain on Subnet, but another feature of it is its popularity with many DeFi users due to its stability.
Characteristics of the Avalanche Ecosystem (Q2 2022)
Even in a bear market, AMAX maintained positive TVL growth in 2Q2022.
・grew from 115 million → to 152 million
From a developer perspective, the number of active eco-developers has remained stable, with a sharp increase in May 2022 due to the impact of Crabada’s migration to the Swimmer network.
Subnet is also attractive because it is developer friendly as it can be linked to Chainlink from the beginning and therefore plays an important role in the Avalanche ecosystem ✌️
Currently, Avalanche has more than 200 projects and many users and developers have built an ecosystem of low C-Chain gas costs and stable transactions.
Daily transaction volume has dropped from 865,000 to 540,000, with Crabada and DeFi Kingdom’s Subnets accounting for half of that, and Subnets will likely be larger than C-Chain next quarter.
As for Subnets, there have been some quality GameFi’s popping up✌️
About the future of the Avalanche ecosystem
Ascenders and Shrapnel, among others, expect GameFi to appear in 2023, but even recently there have been some promising developments.
・Partnership with GAMESTAR
・Cooperation with Dune Analytics
・Announcement of a hackathon in Korea (August 11–12)
We also saw an influx of money from the new ecosystem, with Core Wallet gaining over 4,000 users and approximately $45 million worth of bitcoin being bridged to Avalanche.
With Core Wallet, you can buy $AVAX via MoonPay or bank transfer, and you are designing/building a more robust DeFi which you don’t want to miss.
Free mint is also a trend in the Avalanche NFT market, and the GameFi NFT below is also actively trading.
The advantages are.
Average gas cost reduced from 80 to 100 gwei → 26 to 27 gwei
- Processing 4,500 transactions per second → Can withstand the increase in the number of players in GameFi
Subnet has such features that blockchain technology is expected to be used in the GameFi market, including competitors such as Polygon’s Supernet and DJT’s Oasys.
In addition, the use of Avalanche in existing finance is also in progress, as in the case of stock tokenization with Securitize, and it can be said that one of the characteristics of Avalanche is the reliability of its stable operation even from 2020.
John Wu, president of Ava Labs, said.
“I wish I could give it a specific name, but I’m very excited about some of the big brand legacy companies trying to do cool things at Avalanche. We could see some real-world assets coming into the ecosystem.”
“Many gamers actually use subnets to create their own execution environments in a very fast way, so there’s a lot of visibility into the game as well. These are very visible to us. There are two exciting things about it. I wish I could tell you the name of the company, but hold on …… you’ll find out soon.”
How to use “Slash Web3 Payment” in the Avalanche ecosystem
Currently, “Slash Web3 Payment” is running on the beta web and we are building a seamless crypto asset payment service with great UI / UX as shown in the video below：
DEX can be settled with liquid tokens, and tokens earned through DeFi and GameFi can be used in stores and EC sites as is, which will contribute to the further popularity of crypto asset settlement.
“Slash Web3 Payment” currently supports the following Avalanche DEX routers, which will also bring benefits to Avalanche, such as building a new ecosystem through integration with the retail/EC marketplace.
Trader Joe
Pangolin
Sushiswap
・Large amounts of money can flow into Avalanche’s DeFi / GameFi marketplace
Slash Web3 Payment” facilitates the use of Avalanche in a broader range of applications and supports future competitive advantage.
Tips:
In this article we have outlined the general ecology of Avalanche.
Many people around the world are now hoping that Bitcoin will develop into a fiat currency or a replacement for the US dollar, and we hope that “Slash Web3 Payment” will form a new ecosystem supported by a “multi-layered currency”!
Payments using Lightning Network and CoinPay have recently gone viral on Twitter, and Web3 payments have become a popular area of business.
If you’re considering introducing crypto asset payments in response to the big changes of the times, just check“Slash Web3 Payment” ✌️
