Avalanche: is she dead, Captain?

A reader asked me my view on Avalanche, seeing that it's dying and dead?

My answer is as follows.

Fair, and unflinching, question, m8.The question, for me, is:

1. Does the blockchain have an active community?
2. Does the blockchain have a variety of dApps that:
1. do what I want
2. provide circulation of currency?
3. Can I move liquidity onto and off of the blockchain securely?

1. eh. Don't know. Don't care. Avalanchæns aren't making a big splash like the Lunatics do, but I will say this.

The App-dev community are passionate about their protocols, vociferously so. They get right back to me, and are right in my face, lightning fast.

I respect that.

So that means the protocols aren't dead. The blockchain, in my view, are the protocols, so that means the blockchain isn't dead.

So, 2. protocol.

• @traderjoe_xyz just had a major overhaul with their Liquidity Book
• @yieldyak_ $yy-tokens are through the roof
• @GMX_IO is multichain, yes, but their tokens are doing great on Avalanche, too.
• $sAVAX just had a lull, but then spurted today, so: yay!

I mean, the counterargument is that there are a lot of dead protocols on Avalanche, and that Avalanche isn't dying, it died, what? 6 months ago, and you can make a case for this position.

But the counter-counter argument is are the existing protocols sufficient? I say: yes.

3. There's a subtext to inter-chain, and that's the Terra and Harmony and Osmosis hacks. All three affected me.

So moving liquidity onto and off the the chain – SAFELY – is paramount to me. 

3. There's a subtext to inter-chain, and that's the Terra and Harmony and Osmosis hacks. All three affected me.

So moving liquidity onto and off the the chain – SAFELY – is paramount to me. 

Avalanche, with the 'coven' of validators (you don't know who will validate a transaction), is one of the safest chains to bridge liquidity.

And fastest.

And cheapest.

Now, for TVL going down, that's a vicious circle, innit?

Token price goes down, driving TVL down, people sell because token price down, causing token price to go down.

I think we're at a new plateau now? Things seem to have settled from the panic-sell-phase, anyway.

So, have I lost money on my Avalanche stake? You betcha! Lots! You see that in my daily report.

Am I still staked into Avalanche heavily?

You betcha! You see that in my daily reports.

So, ... but this begs the question, for you, specifically: if not Avalanche, then: which blockchain, then?

There are several good ones.

Several.

So you can do well in several places.

But, frankly, most blockchains have piss-poor infrastructure, unsafe, barren wastelands.

I'm not give to call out bad blockchains: I don't have the time to waste on what doesn't work. What I have time for is what's proven, what's stable, what's secure, and what I can BUIDL on.

Avalanche fits those criteria. A few others do, too.

Most don't.

Really, it boils down to what works and what you're working in right now.

A lot of blockchains say: "Gee whiz! In six months we'll ..."

No, thank you: I've seen your 'in six months' for two years running.

Avalanche has what I need now.

And that's what I think about Avalanche.