Avalanche's ecosystem continues to expand with the recent addition of Marilabs and its suite of blockchain gaming offerings. Marilabs originally launched the hit game Pegaxy in 2021, but has since expanded into additional titles like Petopia. Their games leverage innovative "play to earn" models powered by emergent decentralized autonomous organizations (DAOs). For example, Petopia pits player guilds against each other to win prize pools funded by the games revenues.
Marilabs cites Avalanche's developer-friendly nature and EVM compatibility as reasons why they chose to build on the platform. The cheap, fast transactions from Avalanche's subnets allow them to support their titles which see very high user volumes. For example, Pegaxy saw 35 million transactions over just 3 months. Marilabs is also providing unprecedented transparency into their games' economics and growth metrics as a way to showcase their legitimacy.
Beyond Marilabs, the wider Avalanche ecosystem continues to post impressive growth. Transaction volumes on decentralized exchanges like Trader Joe have hit levels not seen since the aftermath of the 2021 bull run. The activity has helped drive Avalanche's token price back over $35. Avalanche actually just cracked the top 10 cryptocurrencies by market capitalization as it encroaches on Cardano for the #9 spot.
With its institutional backing, developer momentum, and embrace of innovations like Republic's crypto-based private equity model, Avalanche appears poised to continue its ascent up the market cap charts. As Marilabs alluded, the platform's existing tooling makes building blockchain applications very easy even for traditional developers. This could drive additional migrations onto Avalanche as blockchain adoption continues accelerating over the coming years.
This episode is sponsored by Tangem
Tangem is a card-shaped self-custodial cold wallet that gives you complete control of your private keys. Store, buy, earn, transfer, and swap 6000+ coins and tokens.
https://bit.ly/TangemPBN Use code PBN for additional discounts!
Become a Diamond Circle member FREE! ➜ https://bit.ly/PBDiamondCircle
Market Sentiment Index ➜ https://bit.ly/MarketSentimentIndex
Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe
Facebook 📱 https://bit.ly/PBNfacebook
X/Twitter 📱 http://bit.ly/PBNtwitter
Looking for the best tax havens for Crypto? Free month with iTrust Capital - Use code: PAUL BARRON https://rebrand.ly/PAULBARRON