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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.

Intella X, Neowiz's Web3 arm, has joined Avalanche Arcad3 to build blockchain games in the crazed market.

Publicly Traded Korean Firm Neowiz To Build Games on Avalanche Network

Cardano

Polygon

A leading blockchain analytics firm says that a huge percentage of Cardano (ADA) and Polygon (MATIC) holders are underwater. According to IntoTheBlock, 94% of the holders of Ethereum (ETH) competitor Cardano are sitting on losses, just 5% are profitable and 1% are breaking even. Cardano is trading for $0.25 at time of writing, down 91.

Over 90% of Cardano, Polygon and One Ethereum Rival's Holders Are Underwater: Analytics Firm IntoTheBlock

The circulating supply of various projects' tokens is expected to be impacted by a number of significant token unlocks this week.

Millions Worth of LDO, AVAX, YGG Tokens Scheduled To Unlock This Week

Research by The Tie show coins tend to drop in the days leading up to the unlock.

Scheduled Unlocks For LDO, AVAX, YGG Tokens Promise Busy Week Ahead

The grant is part of Avalanche's Multiverse initiative, an incentive fund that aims to push the growth of new subnets.

Avalanche Foundation Provides $3M in AVAX Tokens to Dexalot

Ethereum (ETH) competitor Avalance (AVAX) witnessed an uptick in on-chain activity in the second quarter of 2023, according to the crypto data firm Nansen. Avalanche's C-Chain, the project's default smart contract blockchain, saw between 200,000-550,000 daily transactions throughout the second quarter.

Ethereum Competitor Avalanche Sees Surge in Daily Transactions and Active Addresses in Second Quarter: Nansen

The Avalanche C Chain saw daily active address and transaction volume – two important metrics to gauge a blockchain's health level – increase significantly in the period.

Avalanche Blockchain Usage Grew in Second Quarter: Nansen

Competition among blockchains to grab some of the RWA market, new lending pool from Credix that supports Colombian farmer, the first-ever tokenization under Spain's new laws, how the U.K's regulations may lead to the country becoming a tokenization hub, and more for the week ending July 27, 2023.

Tokenization News Roundup: Avalanche Invests $50M in RWA

Dogecoin

Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded X platform. The latest surge took the price to its highest level since early May. Avalanche was another notable gainer today, rebounding from recent losses.

Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday

The Avalanche Foundation is looking to cash in on tokenization, launching a new $50 million initiative to bring activity to the network.

Avalanche Foundation Launches $50M Asset Tokenization Initiative

The program follows Avalanche's initiative to financial institutions to test blockchain services on one of its subnets.

Avalanche Foundation Commits $50M to Bring More Tokenized Assets to Blockchain

Dubbed "Avalanche Vista," the program will consider assets across the full liquidity spectrum including equity, credit, real estate and commodities.

Avalanche Foundation creates $50 million incentive program to purchase tokenized assets

Cosmos

A widely followed crypto trader is issuing a warning on Binance Coin (BNB) as he charts the path forward for two Ethereum (ETH) competitors. Pseudonymous trader Altcoin Sherpa tells his 195,900 Twitter followers that BNB, the utility token of the Binance Smart Chain, is flashing ominous signs.

Crypto Trader Warns It Could Get ‘Really Ugly' for Binance Coin (BNB), Updates Outlook on Two Ethereum Rivals

Ethereum

Chainlink

Chainlink (CRYPTO: LINK), a leading Web3 services platform, announced the launch of its Cross-Chain Interoperability Protocol (CCIP) on the Ethereum (CRYPTO: ETH), Optimism (CRYPTO: OP), Polygon (CRYPTO: MATIC) and Avalanche (CRYPTO: AVAX) blockchains. The protocol, which is designed to facilitate the development of cross-chain applications and services, is being adopted by major DeFi protocols such as Synthetix (CRYPTO: SNX) and Aave (CRYPTO: AAVE).

Chainlink Launches Cross-Chain Interoperability Protocol On Ethereum, Optimism, Polygon, Avalanche Blockchains

Polkadot

A widely followed crypto analyst is predicting short-lived rallies for a handful of altcoins, including Ethereum (ETH) competitors Polkadot (DOT), Cardano (ADA) and Avalanche (AVAX).

Fakeouts Coming for Polkadot, Cardano, Avalanche and Other Altcoins, According to Benjamin Cowen

Litecoin

A widely followed crypto strategist believes that Ethereum (ETH) challenger Avalanche (AVAX) is gearing up for a move to the upside. Trader Michaël van de Poppe tells his 660,000 Twitter followers that AVAX looks bullish after briefly moving above resistance at $14.

Crypto Analyst Predicts Further Rallies for Avalanche, Updates Forecast on Litecoin and One Additional Altcoin

Arbitrum

Circle's Cross-Chain Transfer Protocol is now operational on Arbitrum, a Layer 2 scaling solution for Ethereum.

Circle adds CCTP to Arbitrum for Layer 2 USDC transfers from Ethereum, Avalanche

AvaGPT uses ChatGPT's API to quickly answer Avalanche network queries with immediate access to the source material.

Ava Labs is the Latest Crypto Network to Launch an AI Chatbot

Bitcoin

A leading crypto analytics platform reveals that more than half of Bitcoin (BTC) owners are in profit while an overwhelming majority of those who invested in Cardano (ADA) and Avalanche (AVAX) are nursing losses.

Most Bitcoin Holders in Profit As Over 90% of Cardano and Avalanche Investors Sit Underwater: IntoTheBlock

Crypto stalwart Emin Gün Sirer will come up in defense of blockchain technologies at today's testimony before the House Financial Services Committee.

'Tokenization Was Not Created to Evade Laws': Ava Labs CEO

Avalanche Arcad3 is connecting traditional game publishers with crypto firms to help bring legacy IP into the fledgling Web3 gaming space.

Ava Labs Launches Avalanche Arcad3 to Help Game Studios Enter Web3

Ethereum (ETH) competitor Avalanche (AVAX) achieved a new milestone by surpassing one million monthly active addresses in May, the first time the proof of stake blockchain has hit the number.

Ethereum Challenger Avalanche (AVAX) Exceeds 1,000,000 Monthly Active Addresses Amid Rollout of Web3 Launchpad

The Avalanche blockchain has crossed 1 million monthly active users for the first time after recent launch of AvaCloud.

Avalanche hits 1 million monthly active users for the first time

More than 9.3 million tokens will be unlocked Sunday, representing 1.2% of AXAX's total supply.

Avalanche's AVAX Token Remains Flat Ahead of its $130 Million Token Unlock

On Thursday, the stablecoin issuer Circle Financial announced that the euro-pegged crypto asset EUROC is expanding natively on the Avalanche (AVAX) blockchain. According to Circle, several decentralized finance (defi) protocols and projects are supporting the new AVAX-issued EUROC asset.

News for Avalanche Crypto (AVAX)