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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.

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.

Circle Expands Euro-Pegged Stablecoin to Avalanche Blockchain

Ethereum

Fantom

Cryptocurrency exchange Binance has temporarily halted deposits of 10 specific tokens Thursday, a move prompted by ongoing problems with the Multichain Bridge initiative. Tokens impacted by this suspension are primarily used on the BNB Smart Chain (CRYPTO: BNB), Fantom (CRYPTO: FTM), Ethereum (CRYPTO: ETH), and Avalanche (CRYPTO: AVAX) blockchain networks.

Binance Pulls The Plug: Token Deposits Suspended Due To Multichain Mayhem

Circle, the stablecoin issuer, launched its euro-backed stablecoin, Euro Coin (EUROC), on the Avalanche network.

Circle launches euro-backed stablecoin on Avalanche

Ava Labs says that new tool will create greater revenue opportunities and "sets the stage for mass adoption-ready cloud-based infrastructure in blockchain."

Ava Labs Launches 'No-Code' Web3 Launchpad AvaCloud

Chainlink

Pepe

A widely followed crypto strategist is predicting what's next for a handful of altcoins, including Pepe (PEPE), Chainlink (LINK) and Avalanche (AVAX). Analyst Michaël van de Poppe tells his 657,100 Twitter followers that crypto bears are still in control of the memecoin Pepe.

Here's What's in Store for Pepe, Chainlink, Avalanche and One Additional Altcoin, According to Popular Analyst

Litecoin

Digital assets manager CoinShares says institutional investors continue to be cautious on the market as crypto suffers outflows for the fifth week in a row. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors sold off $32 million in crypto holdings last week for a fifth consecutive week of outflows.

Institutions Sell Crypto Holdings for Fifth Consecutive Week – But XRP, Litecoin and One More Altcoin See Inflows

The Professional Bowlers Association will deliver “digital awards” to some 300,000 league bowlers, with further expansion plans ahead.

Why the PBA Is Putting Bowling Awards On-Chain With Avalanche NFTs

A crypto strategist is outlining what's in store for a handful of altcoins, including Ethereum (ETH) rival Avalanche (AVAX) and memecoin Pepe (PEPE). Analyst Michaël van de Poppe tells his 657,200 Twitter followers that he's looking at a quick AVAX bounce either at $14 or $12.

Here's What's Next for Avalanche, Pepe and Two Additional Altcoins, According to Popular Analyst

A popular crypto strategist warns that altcoins could be on the verge of a big move to the downside as he updates his outlook on Pepe (PEPE) and Avalanche (AVAX). Pseudonymous analyst Altcoin Sherpa tells his 195,100 Twitter followers that altcoins could drop as much as 50% from their current prices.

Crypto Analyst Issues Major Altcoin Alert, Updates Outlook on Pepe and Ethereum Rival Avalanche

Aave

Uniswap

Intercontinental Exchange-owned Bakkt discontinued its consumer-facing app in February as it shifts away from retail

Bakkt Mass Delists Tokens Including Aave, Avalanche, Compound, Filecoin, MakerDAO and Uniswap

Bitcoin

Polygon

Solana

Popular crypto analyst Benjamin Cowen thinks the “altcoin reckoning” against Bitcoin (BTC) is bound to continue. In a new YouTube video, Cowen tells his 784,000 YouTube subscribers that a lot of altcoins are in “systematic downtrends” against Bitcoin and will also put in new lows against the US dollar this year.

Solana, Polygon, Avalanche and Others Will Bleed Against Bitcoin in Massive ‘Altcoin Reckoning': Benjamin Cowen

Chinese tech giant Alibaba Cloud is collaborating with Ethereum (ETH) rival Avalanche (AVAX) to venture into the metaverse. In a new announcement, the layer-1 protocol says that it is partnering up with Alibaba Cloud to create Cloudverse, a virtual space for businesses and brands.

Ethereum Competitor Avalanche (AVAX) Partners With Chinese Tech Giant Alibaba Cloud on New ‘Cloudverse' Project

Cloudverse will provide businesses that use Alibaba with a fast and seamless way to launch and maintain their own metaverse, the companies said.

Avalanche and Alibaba Cloud Want to Help Businesses Create Their Own Metaverses

Named Cloudverse, the launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces.

Alibaba Cloud Builds Metaverse Launchpad on Avalanche

Payments giant Mastercard is collaborating with a handful of layer-1 altcoin projects to create common crypto standards. In a new press release, the credit card giant says that it's teaming up with Ethereum (ETH) rivals Solana (SOL), Aptos (APT), Polygon (MATIC) and Avalanche (AVAX) to bring more trust to blockchain transactions.

Payments Giant Mastercard Partners With Solana, Polygon, Aptos and Avalanche To Create Common Crypto Standards

Circle Protocol has announced the implementation of stablecoin transfers between Ethereum and Avalanche networks, enhancing liquidity and interoperability in the DeFi ecosystem.

Circle Protocol Enables Stablecoin Transfers Between Ethereum and Avalanche

The Cross-Chain Transfer Protocol allows USDC transfers between Ethereum and Avalance.

Circle activates protocol for stablecoin transfers between Ethereum and Avalanche

Cortina upgraded to latest version of Avalanche Go v1.10.0, bringing changes to help optimize the network for developers.

Avalanche core team implements Cortina upgrade on mainnet

At the Game Developer's Conference in San Francisco, Ava Labs' Head of Gaming Ed Chang spoke with Decrypt's Kate Irwin about Ava Labs' approach to Web3 gaming, building games on Avalanche, and gave his thoughts on what the coming months and years will look like for the ecosystem.

Ava Labs' Ed Chang on the Future of Web3 Gaming

Emin Gun Sirer, who also weighed in on zero-knowledge proofs (ZKPs), was addressing the annual Cornell Blockchain conference on New York City's Roosevelt Island.

Ava Labs CEO Calls for Crypto Regulators Who Can Read and Audit Code

Merit Circle announced a new development from its decentralized autonomous organization: Beam, a gaming-focused Avalanche subnet.

Beam aims to become the new blockchain gaming hub on Avalanche

Cosmos

A widely followed analyst believes that the crypto markets at large have more room to run to the upside before witnessing a significant retracement.

Crypto Analyst Unveils Big Price Targets for Bitcoin, Ethereum, Litecoin and Three Additional Altcoins

Dogecoin

Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved higher for a fifth straight session, despite the cryptocurrency market falling by 1.54% as of writing. Avalanche also climbed, hitting a two-month high.

Biggest Movers: DOGE Jumps 6%, AVAX Hits 2-Month High on Monday

Ethereum (CRYPTO: ETH) rival Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) are up 3.8% and 6.7%, respectively, in the last 24 hours, even apex crypto Bitcoin (CRYPTO: BTC) and ETH weakened. What Happened: Solana surged by 22.63% over the week and was last trading at $25.22.

These 2 Ethereum Rivals Are Spiking Today Even As Bitcoin Slips

Ava Labs president John Wu is saying that there's renewed optimism and energy in the crypto ecosystem as the markets witness rising prices.

News for Avalanche Crypto (AVAX)