Avalanche Ecosystem Grows: $5M TVL for StableJack, $3.3M xAVAX Supply, xAVAX Rises to $1.25

The Avalanche ecosystem is experiencing significant growth, particularly in decentralized finance (DeFi) and gaming sectors. Recent reports indicate that StableJack has achieved a total value locked (TVL) of $5 million, positioning it as the fifth-largest holder of sAVAX. Additionally, it has a supply of $3.3 million in xAVAX, which is being highlighted as a prime opportunity for those looking to gain exposure to AVAX. The platform also reports $1.6 million in aUSD supply. Trader Joe has been noted for its liquidity pools that support various assets, including stablecoins and Avalanche liquid staking tokens (LSTs). The gaming landscape on Avalanche is thriving, with numerous decentralized applications (dApps) providing immersive experiences. Furthermore, aUSD is noted for its competitive yield offerings, providing over 20% yield paid in sAVAX without minting fees, while liquidity providers can earn 30% yield on platforms like Trader Joe and Pharaoh Exchange. The recent price movement of xAVAX has also been favorable, with reports of it increasing from $1 to $1.25.