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Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

The Avalanche protocol was released by an anonymous group called Team Rocket in May of 2018. It was then developed by a group of Cornell researchers led by Emin Gun Sirer, who is now the founder and CEO of Ava Labs. 

The Avalanche Mainnet was launched in September 2020, when it also issued its native $AVAX token. 

Avalanche is an open, programmable smart contracts platform built to enable the launch of decentralized applications that are scalable and secure. 

Avalanche is designed with an emphasis on interoperability, meaning its infrastructure could be utilized by a multitude of blockchains that use $AVAX as the underlying token. 

$AVAX has a capped supply of 720 million tokens. The rate at which the maximum cap is reached is subject to governance of token holders. 360 million tokens were supplied at the genesis block, while the remaining 360 million are minted over time. 

Avalanche has gained traction with decentralized finance applications due to its high speeds and low costs. Total value locked (TVL) on the Avalanche ecosystem exceeds $13 billion as of Nov. 2021. It crossed $1 billion for the first time in late August 2021.


Avalanche's top DeFi protocols by TVL are Aave and Trader Joe. TVL represents the amount of assets being staked on a certain protocol.

Avalanche's AVAX token has broken out of its multi-week correction phase, demonstrating remarkable strength despite ongoing geopolitical tensions affecting cryptocurrency markets.

AVAX Surges 10.7% as Bullish Breakout Signals Strong Momentum

Ava Labs President John Wu discusses Avalanche's accomplishments in bringing TradFi and gaming enterprises onchain.

John Wu on Avalanche's edge in race for enterprise adoption

The price of Avalanche (AVAX) has halted its fall above the $15 support.

Avalanche Bounces Back But Remains Below $20

Cardano

Solana

Solana, Cardano, and Avalanche are currently leading the cryptocurrency market losses, with each experiencing drops of over 5% in the past 24 hours.

Solana, Cardano, and Avalanche Lead Market Declines While Solana Ecosystem Sees Regulatory Gains

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: AVAX Falls 2.1% as Nearly All Assets Trade Lower

The altcoins underperformed relative to the broader market in today's trading, despite some encouraging recent news emerging for the Solana ecosystem.

Solana, Cardano and Avalanche Lead Crypto Market Losses With 5% Dips

The price of Avalanche (AVAX) is trading at the bottom of the chart as it has touched the $15 support twice.

Avalanche Is Holding Above $15 As It Has Reached Bearish Exhaustion

The cryptocurrency market slipped by 1.56% in the past 24 hours on Sunday, pulling the global market cap down to $2.66 trillion as major assets saw mixed performance. Altcoins Diverge as Trading Volume Declines This week in crypto markets, bitcoin ( BTC) maintained its dominance, trading at $83,781 with a slight 1.

XRP, SOL, and AVAX Buck the Trend in Mixed Week of Crypto Action

The VanEck Avalanche ETF is one of a slew of funds proposed in recent months to track altcoins.

Nasdaq Files for Rule Change to List VanEck Avalanche ETF

Dogecoin

Dogecoin's rise has left it still 9.8% lower than it was this time last week and DOGE is trailing its price from last month by 16.4%.

Dogecoin and Avalanche Lead Altcoin Rebound as Crypto Markets Bounce Back

The price of Avalanche (AVAX) is declining and trending sideways. Price analysis by Coinidol.com.

Avalanche Stops Above $17 And Stays Within Range

Cryptocurrency trader Ali Martinez believes Dogecoin (DOGE) is at a critical level that could determine its price direction over the near term. Martinez tells his 134,800 followers on the social media platform X that Dogecoin is at a “make-or-break level” of around $0.16.

Crypto Trader Says Dogecoin Is at a Critical ‘Make-or-Break' Level, Updates Outlook on Solana and Avalanche

Arbitrum

Optimism

The firm also offers a broader selection of tokenized funds, including equity indexes and fixed income strategies.

WisdomTree Expands Institutional Tokenized Fund Platform to Arbitrum, Avalanche, Base and Optimism

Standard Chartered has released a report predicting significant price increases for Avalanche's AVAX token, which could see a rise to $250 by the end of 2029.

Avalanche Expected To Outperform Bitcoin by 2029, Says Standard Chartered

Nonco, an institutional digital asset trading firm, has launched its foreign exchange (FX) onchain initiative on the Avalanche network, aiming to bridge institutional FX liquidity with the stablecoin market.

Nonco Launches FX Onchain Initiative on Avalanche, Aiming to Bridge Institutional FX Liquidity With Stablecoins

Standard Chartered thinks the price of Avalanche's AVAX token could dramatically increase over the next few years, outpacing Bitcoin's gains.

Avalanche Will Skyrocket and Outperform Bitcoin by End of 2029: Standard Chartered

Standard Chartered's Geoffrey Kendrick said he likes Avalanche's approach to scaling, particularly after the recent Etna upgrade.

Standard Chartered says Avalanche's AVAX token price could surge to $250 by 2029

Avalanche (CRYPTO: AVAX) could deliver the strongest gains among major digital assets in the coming years, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. What Happened: In a research note, Kendrick said he expects AVAX to rise tenfold by the end of 2029, outperforming both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in relative price growth.

AVAX To Outperform Bitcoin, Ethereum, Reaching $250 By 2029: Standard Chartered

Improved scalability should drive activity and value to the Avalanche network, said Geoff Kendrick.

Avalanche's AVAX Could Rise 10-Fold by 2029: Standard Chartered

Sumitomo is the latest example in a roster of firms eyeing the booming stablecoin market, which has grown 50% to around $230 billion in a year.

Japanese Banking Giant SMBC Explores Stablecoin Use With Ava Labs, Fireblocks

Japan's Sumitomo Mitsui Banking Corporation (SMBC), the nation's second-largest bank, is set to explore the launch of its own stablecoin.

Japan's SMBC Plans Stablecoin Development With Ava Labs Collaboration

The bank plans to start conducting experiments in the second half of this year for a potential stablecoin launch in 2026.

Japan's second-largest bank SMBC eyes stablecoin launch with Ava Labs: Nikkei

The price of Avalanche (AVAX) has been fluctuating since the end of its downtrend on March 10.

Avalanche Falls To $15.28 In The Oversold Area Of The Market

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S.

Nasdaq Files To Launch a New Grayscale Avalanche (AVAX) Exchange-Traded Fund

The application comes as issuers aim to launch funds tracking a range of altcoins.

News for Avalanche Crypto (AVAX)