0-1 AVAX

1-10 AVAX

10-100 AVAX

100-1k AVAX

>1k AVAX

Addresses by Holdings

Total active

Zero balance

Daily Active Addresses

Price

Number of Transactions

Transactions

Total Volume

Volume

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.

The spike in daily active addresses coincided with a bevy of financial institutions joining Avalanche's Evergreen subnet “Spruce.”

Avalanche Surges to 6-Month High in Daily Active Addresses

Binance Futures will close all positions for its USDⓈ-margined perpetual contracts for native assets of STEPN, Near Protocol and Avalanche.

Binance Futures delisting STEPN, Near and Avalanche perps

Avalanche (AVAX) is unveiling a new suite of subnets specifically designed for financial institutions just as the layer-1 blockchain's Cortina upgrade goes live on the testnet.

Ethereum (ETH) Competitor Launches Institutional-Focused ‘Subnets', Rolls Out New Upgrade on Testnet

The change improves support for exchanges and may bring faster development, Avalanche says.

Avalanche's Cortina Upgrade Goes Live on Protocol's Testnet; AVAX Token Rallies

The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.

Avalanche's New Subnet to Offer Blockchain Customization for Financial Institutions

Xrp rose for a second consecutive session on Wednesday, as the token continued to move away from a recent price floor. Since hitting an eleven-month high a week ago, the token has mostly consolidated. Avalanche was also in the green, as prices hit a one-week high.

Biggest Movers: XRP Rebounds on Tuesday, as AVAX Hits 1-Week High

Earlier this year, in January, Mark Yusko, CIO at Morgan Creek Capital, said that Avalanche (CRYPTO: AVAX) had the potential to outperform the entire cryptocurrency market, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: In a YouTube video, Yusko had said that AVAX could rally by 50 times in the next bull cycle, provided that Bitcoin and major coins remain successful.

As 2023 Began, Morgan Creek's Yusko Said This Crypto Could Rally 50x, Outperforming Bitcoin And Ethereum — What You Need To Know

Bitcoin

Fantom

A closely followed crypto analyst is updating his stance on Bitcoin (BTC) and two of Ethereum's (ETH) biggest rivals. The pseudonymous trader Altcoin Sherpa tells his 194,000 Twitter followers that Bitcoin is likely setting up for a pullback and that the $25,000 level probably won't hold.

Crypto Analyst Updates Outlook on Bitcoin, Avalanche and One Ethereum Rival That's Soared 135% This Year

Ethereum

Polygon

Crypto analytics firm Nansen says that more than $850 million worth of several crypto assets flowed out of Binance after a US federal agency accused the exchange of regulatory violations.

$852,000,000 in Ethereum, Polygon, Fantom and Additional Altcoins Have Left Binance Following CFTC Lawsuit: Nansen

The C-and X-chains of Ethereum (ETH) challenger Avalanche (AVAX) briefly went down as the network upgraded to a new software version. The X-chain, the exchange chain of the blockchain used to transfer funds, slowed down and processed only a few transactions leaving it virtually unusable.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

On-chain data shows that transactions sent over X-Chain are lagging, while C-chain has recovered from an earlier outage.

Avalanche Blockchain's X and C Networks See Brief Outage

Enclave Markets CEO on why OTC traders benefit from maintaining confidentiality via Enclave's encrypted exchange.

This Avalanche backed project is creating a fully encrypted exchange

Ava Labs president John Wu is warning that the crypto industry will be adversely affected by the elimination of onramps into the crypto ecosystem.

Here's What To Expect for Crypto As Silvergate Bank Collapses, According to Ava Labs President John Wu

BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among the crypto names that had exposure to now-shuttered Silicon Valley Bank.

Silicon Valley Bank Contagion: Crypto Companies Affected Include BlockFi, Circle, Avalanche

DEFYCA's launch highlights the growing trend of bringing tokenized versions of traditional markets like debt to blockchains.

Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on Avalanche

Solana

Crypto whitehat hackers identified Ethereum as their preferred blockchain, followed by Solana, Avalanche and Cosmos, while Tezos spiked.

Whitehat hackers focus on Ethereum, Solana and Avalanche: Immunefi

Immutable, a web3 gaming company, added three positions to its leadership team, all at the C-level.

Immutable makes C-suite hires from Meta, Ava Labs

Emin Gün Sirer says intelligent trading bots have promise, but need more crypto cycles of training data.

AI Still Has a Lot to Learn—and Unlearn: Ava Labs CEO

Avalanche will be its exclusive blockchain partner as it builds out its competitive gaming platform Blitz.

Esports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche

Team SoloMid will host tournaments on Blitz Esports' Avalanche Subnet.

Esports Giant TSM Forges Ahead With Web3 Gaming on Avalanche

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network.

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.

Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC

The announcements highlight BridgeTower's emphasis on regulatory compliance.

BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanche's Staking Rewards

Avalanche founder and Ava Labs CEO Emin Gun Sirer has been working on proof-of-work cryptocurrencies since before Bitcoin (seriously). He talked to Dan Roberts and Stacy Elliott about how Avalanche avoided FTX and how much damage SBF has done to crypto's image with VCs, why institutions still aren't backing away from crypto, why Avalanche will succeed in the long run, and trying to cater to both Wall Street institutions and DeFi degens.

gm: Meet the Brain Behind Avalanche

The French National Police have arrested two individuals allegedly behind the $9.19 million hack on Avalanche (AVAX)-based decentralized finance (DeFi) protocol Platypus Finance. The French police also announced they seized €210,000 ($222,505) worth of cryptocurrencies. Platypus itself also confirms the development. Platypus, an automated market maker for stableswap, suffered three separate attacks on February 16th.

News for Avalanche Crypto (AVAX)