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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.

Aave

Ethereum

A crypto strategist who correctly called Bitcoin's 2018 bottom says the floor for the BTC bear market is already in. Pseudonymous analyst Smart Contracter tells his 281,500 Twitter followers that Bitcoin has managed to take out two diagonal resistances that have kept BTC in a downtrend for over a year.

Analyst Known for Calling Bitcoin Bottoms Updates Outlook, Says Ethereum, Aave and One ETH Rival Set to Rally

Bitcoin

Solana

Encouraging inflation news and a strong stock market kept BTC and ETH green this week, and brought big boosts to SOL, AVAX, and LDO.

This Week in Coins: 2023 Green Streak Continues for Bitcoin, Ethereum, Solana, Avalanche

Polkadot

Avalanche was one of Thursday's big gainers, as the token rose by as much as 22% in today's session. The move came as inflation in the United States fell to 6.5% as markets were expecting. Polkadot was another notable mover, with prices climbing close to a four-week high.

Biggest Movers: AVAX 22% Higher, as DOT Nears 1-Month High

Bitcoin (CRYPTO: BTC) traded higher this morning following the release of US inflation data, with the cryptocurrency prices trading past the $18,000 level on Thursday. Ethereum (CRYPTO: ETH), also traded higher, trading close to the key $1,400 mark on Thursday.

Bitcoin Tops $18,000 Following Inflation Data; Avalanche, NEAR Protocol Among Top Gainers

Ava Labs, the team behind the layer one (L1) smart contract platform network Avalanche, has partnered with Amazon Web Services (AWS), according to an announcement made on Jan. 11, 2023.

Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%

Ava Labs is joining Amazon's AWS Marketplace to accelerate institutional adoption of Avalanche.

Amazon Web Services Users Can Now Launch Avalanche Blockchain Nodes

Ava Labs is the first blockchain to partner with Amazon's cloud computing platform.

Amazon Web Services Taps Avalanche to Scale Enterprise and Government Solutions

As part of its regularly scheduled rebalancing, Grayscale sold its AVAX and used the cash to purchase Bitcoin, Ethereum, ADA, MATIC, and SOL.

AVAX Slips 2% As Grayscale Dumps Avalanche From Large Cap Fund

Venly's Avalanche app is now available to all Shopify merchants, letting them mint and sell NFTs through a no-code interface.

Shopify Merchants Can Now Sell Avalanche NFTs Through Their Online Stores

A popular cryptocurrency analyst and trader is expressing a bearish outlook on two under-the-radar altcoins.

Top Crypto Analyst Issues Bearish Warning, Says Avalanche and One Mid-Cap Altcoin Could Crash by Over 70%

Cardano

Polygon

At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,' would flip the second-largest crypto asset in terms of market capitalization in 2022.

‘Ethereum Killers' Managed to ‘Kill' Themselves in 2022 Rather Than Beat the Smart Contract Economy's Heavyweight Champ

Avalanche surpassed Solana in the market cap of their native tokens, while Coinbase shares were up 8%. The post Avalanche's AVAX tops market cap of Solana's Sol, Coinbase pops 8% appeared first on The Block.

Avalanche's AVAX tops market cap of Solana's Sol, Coinbase pops 8%

Dogecoin

A popular crypto strategist believes that a number of altcoins including XRP, Dogecoin (DOGE) and Avalanche (AVAX) will trade significantly higher in the next 12 months. Pseudonymous analyst Altcoin Sherpa tells his 187,700 Twitter followers that he thinks the macro backdrop will likely improve by December 2023, which could set up rallies for many altcoins.

Analyst Details 2023 Price Targets for XRP, Dogecoin, Avalanche and Seven Additional Crypto Assets

The upgrade allows for Avalanche-based blockchains, called subnets, to share data and crypto assets with each other. The post Avalanche upgrades to ‘Banff 5' to introduce direct communication between subnets: Exclusive appeared first on The Block.

Avalanche upgrades to ‘Banff 5' to introduce direct communication between subnets: Exclusive

Real Vision CEO Raoul Pal says that Polygon (MATIC) and a pair of Ethereum (ETH) challengers are on the cusp of ‘unlocking something big.' In a new video update, the macro guru says that Solana (SOL), Polygon and Avalanche (AVAX) are furthering crypto adoption by carving out their own niches within the industry.

Polygon, Avalanche and Additional Ethereum Rival Are ‘Unlocking Something Big,' Says Macro Guru Raoul Pal

As the wider crypto market recovered some ground on Tuesday, the Avalanche and Solana tokens are among the day's top gainers.

Avalanche, Solana Jump as Crypto Market Claws Back $26 Billion Overnight

Litecoin

Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October's reading of 7.7%.

Biggest Movers: AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data

With the release of a mobile version, Ava Labs' Core Wallet is taking an important step towards creating an interconnected Web3 experience.

Avalanche's Core Wallet Goes Mobile With Android Launch

A widely followed crypto analyst is predicting rallies for a handful of altcoins, including the leading smart contract platform Ethereum (ETH) and one of its primary competitors.

Crypto Analyst Michaël Van De Poppe Eyes Rallies for Ethereum, Litecoin and One ETH Rival – Here Are His Targets

Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today's session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.

Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High

A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing bear market. Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

Algorithm Known for Outpacing Crypto Markets Goes Fully Risk On, Favoring Ethereum, Polygon and One ETH Rival

Chainlink

The crypto strategist who nailed the end of Bitcoin's (BTC) bull market last year says one Ethereum (ETH) rival is gearing up for a rally. The pseudonymous analyst known in the industry as Pentoshi tells his 660,100 Twitter followers that smart contract platform Avalanche (AVAX) looks bullish on the lower timeframes. “Bought some AVAX.

Top Analyst Predicts Breakout for Large-Cap Ethereum Rival, Updates Outlook on Bitcoin and Chainlink

Trader Joe locked up over $95 million worth of tokens as of Friday and is among the most popular Avalanche-based products.

Avalanche-Based DEX Trader Joe to Soon Deploy on Ethereum Scaling System Arbitrum

Avalanche's leading decentralized exchange Trader Joe is launching on Ethereum scaling platform Arbitrum. The post Avalanche DEX Trader Joe is deploying on Arbitrum appeared first on The Block.

Avalanche DEX Trader Joe is deploying on Arbitrum

Morgan Creek Digital crypto hedge fund managing partner and Bitcoin (BTC) bull Mark Yusko is naming the layer-1 altcoins he sees coming out on top.

News for Avalanche Crypto (AVAX)