Highlighting Noteworthy Projects in the Avalanche Ecosystem

Mark Twain once said, “History doesn't repeat itself, but it often rhymes.”

Reviewing the bull market of 2021, various public chain tokens experienced significant increases as BTC stabilized, with dozens or even hundreds of percentage gains. Their ecosystem projects also garnered attention from investors. Notably, led by Polygon, Solana, Avalanche, and Near, public chain tokens saw exaggerated gains, creating significant wealth effects for ecosystem projects.

This article will take stock of some projects within the Avalanche ecosystem and highlight some projects worth paying attention to：

TraderJoe: The Largest DEX on Avalanche

The majority of trading volume on Avalanche occurs on TraderJoe, making it the undisputed top DEX on Avalanche. TraderJoe was launched in 2021 and underwent a comprehensive rebranding earlier this year. The platform also introduced the Liquity book to its product lineup and performed well during the Arbitrum airdrop period.

Avalaunch: The Launchpad for the Avalanche Ecosystem

Avalaunch is a protocol designed specifically for the Avalanche ecosystem, supported by the Avalanche Foundation, with the aim of providing a fast, secure, and efficient decentralized fundraising platform for promising innovative projects. $XAVA is the platform token for Avalaunch. Users can register and undergo KYC, and by staking any amount of XAVA, they can receive allocations for IDO (Initial DEX Offering). The more XAVA staked, the higher the allocation.

Benqi: The Largest Lending and Liquidity Protocol on Avalanche

Benqi is one of the most important protocols in the Avalanche ecosystem, providing lending and liquidity staking services for Avalanche. It currently has the highest Total Value Locked (TVL) in the Avalanche ecosystem. The token associated with Benqi is $QI, and its price often shows a strong correlation with the price movements of $AVAX, the native token of the Avalanche blockchain.

Shrapnel: A Highly Popular Blockchain Game on Avalanche

Shrapnel is a first-person shooter (FPS) game with a sci-fi theme. Developed by Neon Machine, the game development studio secured $20 million in a Series A funding round in late October. Polychain Capital led the funding, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures. Since the Shrapnel token ($SHRAP) was listed on the Bitget exchange, it has seen a fivefold increase in value.

However, internal conflicts and irreconcilable disputes arose among the core team members. One founder has taken legal action, accusing the other two executives

of embezzling company funds.