This article provides updates on three cryptocurrency projects: Chiliz (CHZ), Avalanche (AVAX), and Waves (WAVES). The Chiliz fan token platform has proposed whitelisting a new deployer for its blockchain layer 1 to increase monitoring and evaluation of on-chain activities. The proposal is currently being voted on and is likely to be confirmed. Meanwhile, Avalanche has introduced AvaCloud, a launchpad platform that simplifies blockchain development by providing pre-set infrastructure and support. Waves, on the other hand, has seen a significant increase in on-chain activity, with daily transactions exceeding 50,000 for the first time since January 2023.
In terms of market analysis, all three crypto assets have performed well in the past week, but Bitcoin remains dominant, with a market share of 51%. CHZ and AVAX have experienced bearish trends, while Waves has shown more volatility. However, Waves’ recent price increase seems to be a temporary manipulation. The article also reflects on the relevance of Layer 1 blockchains in the Web3 world, suggesting that there is a shift towards Layer 2 substrates that offer scalability, security, and interoperability with the Ethereum network. The article concludes by emphasizing Ethereum’s position as the leading blockchain infrastructure for the development of the Internet of value.
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