In July 2023, the Avalanche ecosystem presented a scene of comprehensive prosperity, covering multiple fields including Decentralized Finance, payment innovation, gaming, and infrastructure.

In terms of Decentralized Finance, BlackholeDex has rapidly risen, with a total locked value (TVL) surpassing $250 million, becoming one of the largest decentralized exchanges by trading volume on the Avalanche chain, demonstrating strong growth momentum.

Good news keeps coming in the field of payment innovation. Global payment giant Visa has announced that it will incorporate Avalanche into its stablecoin settlement network, a move that is expected to significantly enhance the efficiency and economy of on-chain payments. Meanwhile, Wyoming is attempting to develop a stablecoin payment system based on Avalanche, exploring real-time programmable public trading solutions. In addition, South Korea's LG CNS is developing a Korean won stablecoin on Avalanche, aiming to provide faster payment solutions for Asian users.

In the field of sports and gaming, the Detroit Pistons have partnered with Avalanche to launch a Web3 loyalty program, offering fans unique rewards and privileges. The gaming ecosystem is also continuously expanding, with ForgotPlayland introducing party games, and GunzillaGames releasing a new title on the Steam platform. Notably, Agentic-AI has introduced customizable non-player characters (NPCs) on the Avalanche blockchain, which possess personalized traits and memory functions, showcasing the innovative potential of the integration between gaming and AI.

In terms of infrastructure construction, AkaveCloud has launched a decentralized data layer on the Avalanche Layer 1 network, providing developers with privacy-focused cloud storage solutions. AvaCloud, on the other hand, supports other Layer 1 networks, including mainnet launch, testnet deployment, and node sales.

The thriving development of the Avalanche ecosystem is also reflected in the global activities and funding support. In the past month, the ecosystem attracted over 1,500 applicants, hosted more than 600 global events, and established a $100,000 small grant fund in India.

To enhance the transparency of the ecosystem, Token Relations and Blockworks have jointly launched the Avalanche Data Dashboard, providing a visual display of key metrics such as staking, DEX trading volume, and Layer 1 network usage.

With these positive developments, the Avalanche blockchain ecosystem is showing strong growth momentum, and more exciting progress is expected in the coming months.