Now that Helicon is live, validators can vote to raise or lower the minimum gas fee dynamically. Eric has been researching the impact of higher gas prices, with benchmarks and value capture across blockchains, with his findings coming out soon. This is an important capture mechanism we are looking at improving to align with the Foundation's goal of value capture. Pricing blockspace correctly means more value flowing through the network rather than past it. If you look closely, the experimenting has already begun 🔺

Avalanche Summit NYC was our most impactful Summit yet. Thank you to everyone who spoke, built, attended, reported, and made it so incredible!

Avalanche's co-founder helped build a proof-of-work currency six years before Bitcoin... Emin Gün Sirer (@el33th4xor) co-designed Karma at Cornell in 2003 with two of his students. His bios call it the first currency to mint coins through proof-of-work, though Wei Dai's 1998 b-money proposal sketched the idea earlier. Karma aimed to stop freeloading on file-sharing networks by tracking what each user gave and took, long before Bitcoin introduced proof-of-work money. In 2013, he and Ittay Eyal found a flaw in Bitcoin's mining rules. A group of miners could secretly hold back the blocks they found, then release them at the right moment to wipe out rivals' work. Even a minority of miners could earn more than they should. The attack is now known as "selfish mining". He later co-founded @AvaLabs, the company behind Avalanche (@avax), and still runs it as CEO.

Blockfather @el33th4xor

Avalanche's co-founder helped build a proof-of-work currency six years before Bitcoin... Emin Gün Sirer (@el33th4xor) co-designed Karma at Cornell in 2003 with two of his students. His bios call it the first currency to mint coins through proof-of-work, though Wei Dai's 1998 b-money proposal sketched the idea earlier. Karma aimed to stop freeloading on file-sharing networks by tracking what each user gave and took, long before Bitcoin introduced proof-of-work money. In 2013, he and Ittay Eyal found a flaw in Bitcoin's mining rules. A group of miners could secretly hold back the blocks they found, then release them at the right moment to wipe out rivals' work. Even a minority of miners could earn more than they should. The attack is now known as "selfish mining". He later co-founded @AvaLabs, the company behind Avalanche (@avax), and still runs it as CEO.

Helicon is now live on mainnet 🔺 This upgrade brings improvements to the Avalanche C-Chain and validator infrastructure. The Avalanche Foundation looks forward to seeing the impact of these updates, and investigating them as part of our Economics Research Agenda.

Missing Summit already? Us too. Here’s what was announced, launched, unveiled, or teased last week alone: - $807B New York Life Investment Management is bringing its first tokenized fund to Avalanche through @centrifuge, putting its U.S. High Yield Corporate Bond Strategy onchain. - @aave is launching a specialized RWA lending market on Avalanche, giving institutions a way to borrow against tokenized financial assets. - @BuildOnIris raised $40M+ to expand ALVA, bringing payments, identity, rewards and settlement onchain for mobile users across emerging markets. - $500B asset manager Janus Henderson became an Avalanche validator and is providing anchor capital to @TranchedFi, an onchain credit platform with $300M in AUM. - @tare_io raised $13.25M to build a regulated financial institution entirely onchain, connecting loan originators directly with institutional capital. - @COTInetwork launched Privacy-on-Demand and its Privacy Portal on Avalanche, bringing private computation and transactions to C-Chain applications. - @Paxos integrated Avalanche across infrastructure serving 650+ institutions and supporting 470M+ end users globally. - @NYSE plans to bring 24/7 trading onchain with its in-development ATS platform. - Michael Blaugrund of Intercontinental Exchange / NYSE said: “As we’ve evaluated different platforms, Avalanche checks a lot of those boxes for us, so we’re very engaged with the team.” - @tassatgroup published new results from @Lynq_Network’s move to an Avalanche L1: 65% faster processing and 50% lower infrastructure costs for its institutional settlement network. - @uptop_xyz and @UMichAthletics are bringing Michigan fan rewards onchain, creating one identity across sports that rewards fans for how they show up. - @raincards is integrating KRW1 from @BDACSKorea into its global payments infrastructure, opening a path to 175M+ Visa merchant locations. - Hyundai Card outlined its next steps after its Avalanche payments PoC, with a focus on proving the model can operate at scale. - @PharaohExchange is planning to bring permissionless, 24/7 trading of tokenized U.S. stocks to Avalanche DeFi. - @TheGrottoL1 announced their app’s expansion to Windows, Mac, and Linux, as well as launching their in-house studio. - @Bitwise co-founder Hunter Horsley said that if he were building a chain: “hell yeah” it would be on Avalanche. - @si_tickets_ teased that multiple Premier League stadiums will go fully onchain in 2027. - @FIFACollect crossed 1 MILLION users, with CEO Francesco Abbate pointing to Avalanche technology as the natural fit for its requirements. - @bloxtel unveiled the AP 201, bringing private 5G infrastructure, subscriber identity and authentication onchain with Avalanche. - @insomniacevents is partnering with Avalanche and @raincards on a new fan loyalty program for live entertainment. - @kevinolearytv unveiled his $11M 1-of-1 Shohei Ohtani card in public for the first time, said he’d like to one day tokenize it, and later pointed to Avalanche’s multi-chain architecture as one of the reasons it has his attention. And, perhaps most importantly: @luigidemeo, @Melt_Dem and @fintechfrank ate some really hot wings and survived. Barely. Eventful week, and it’s just the start. More to come, stay tuned 🔺