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Quick Take

• In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
• The Avalanche network’s premier scaling solution is being put to the test as subnets begin to roll out
• Anchor’s yield reserves are drawing down quickly as Terra’s UST continues its rapid expansion across L1 ecosystems
• The Polkadot ecosystem nears a major milestone with the pending arrival of XCM

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