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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

Algorand

A popular crypto analyst who nailed the 2018 Bitcoin (BTC) bear market bottom says he expects Aave (AAVE) and two Ethereum (ETH) competitors to erupt. Pseudonymous trader Smart Contracter tells his 205,400 Twitter followers that it is a real possibility for decentralized finance (DeFi) lending and borrowing protocol Aave to print a new all-time high […] The post Top Crypto Strategist Bullish on Aave and Two Ethereum Competitors As Bitcoin Blasts Above $47,000 appeared first on The Daily Hodl.

Top Crypto Strategist Bullish on Aave and Two Ethereum Competitors As Bitcoin Blasts Above $47,000

At the Avalanche Summit in Barcelona, the Canadian musician and record producer Grimes announced she plans to launch an “intergalactic children's metaverse book.” Grimes' children's metaverse book project is part of a $100 million initiative started by the Avalanche Foundation and the non-fungible token (NFT) launchpad OP3N. Grimes Partners With OP3N to Launch ‘a Series […]

Canadian Musician Grimes Reveals ‘Intergalactic Children's Metaverse Book' at Avalanche Summit

AVAX was on a tear all week before it fell back on Saturday—and the rise wasn't just about the Avalanche Summit in Barcelona. It's about subnets.

Avalanche's AVAX Seeing Boost From Subnets Chatter

The Avalanche Foundation is making a major push to bring art and entertainment to the home of AVAX.

Grimes Announces ‘Children's Metaverse Book' as Part of $100M Avalanche Initiative

Cosmos

Terra

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding L1 teams are starting to develop closer partnerships with other teams, leveraging the technical strengths and communities of their respective networks to forge new synergistic strategies for growth This week, we take a look at Avalanche, Terra, BNB Chain, and Cosmos

Layer by Layer Issue 25: Avalanche, Terra, BNB Chain, and Cosmos

Cardano

Polkadot

Polygon

Solana

Stellar

The company behind popular Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trust funds is launching a new investment that will hold seven cryptocurrencies. Here's a look at the new offering.

Grayscale Files For Altcoin Fund: The 7 Coins That Are Included

Investment giant Grayscale is launching the Smart Contract Platform Ex-Ethereum Fund (GSCPxE) to give investors exposure to leading smart contract platforms. According to a new announcement, the new investment product tracks the CoinDesk Smart Contract Platform Select Ex ETH Index, measuring the market capitalization-weighted performance of all leading smart contract coins excluding Ethereum (ETH). The […] The post Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins appeared first on The Daily Hodl.

Grayscale Launches Fund Consisting of Cardano (ADA), Solana (SOL), Polkadot (DOT) and Four Additional Altcoins

Bitcoin

The pair of product upgrades are meant to boost Avalanche's DeFi ecosystem.

Avalanche Announces New ‘Core' Wallet, Bitcoin Bridge at AVAX Summit

Chainlink

A newly formed DAO backed by the Lemonade Foundation will roll out permissionless weather insurance to African farmers later this year.

Lemonade Is Working With Avalanche, Chainlink on Weather Insurance for Farmers

The largest digital currency asset manager in terms of assets under management (AUM), Grayscale Investments, has announced the launch of a smart contract fund that is compiled of ethereum competitors. The fund called “GSCPxE” holds seven different smart contract coins and it's Grayscale's 18th investment product to date. Grayscale Launches GSCPxE — Fund Holds Cardano, […]

Grayscale Investments Launches Smart Contract-Focused Diversified Fund

In the wake of SEC ETF rejections, Grayscale is launching an altcoin fund focused on seven major blockchains.

Grayscale Investments Creates Smart Contract Fund for Solana, Avalanche, Polygon, Cardano

Grayscale has launched a new fund providing exposure to a variety of smart contract ecosystems that have emerged amid the growth of DeFi. The post Grayscale launches fund holding Ethereum alternatives appeared first on The Block.

Grayscale launches fund holding Ethereum alternatives

Ethereum

A closely tracked crypto strategist says smart contract platforms Ethereum (ETH) and Avalanche (AVAX) and three other crypto assets are flashing signs of strength in a market that's trading in a narrow range. In a new strategy session, pseudonymous crypto analyst Cheds says that he sees Ethereum creating a bullish continuation pattern but notes that […] The post Ethereum (ETH), Avalanche (AVAX) and Three Other Altcoins Showing Strength in Sideways Market: Crypto Analyst appeared first on The Daily Hodl.

Ethereum (ETH), Avalanche (AVAX) and Three Other Altcoins Showing Strength in Sideways Market: Crypto Analyst

A widely followed crypto analyst and trader says he's bullish on Ethereum challengers Avalanche (AVAX) and Solana (SOL). Pseudonymous trader Cantering Clark tells his 117,000 Twitter followers that he sees AVAX slightly pulling back before continuing its rally. “AVAX clearly looks like a winner. Possible short-term setup or location to add in a fill of […] The post Top Crypto Trader Predicts Rallies for Avalanche (AVAX) and Solana (SOL), Says Ethereum Rivals Look Like Winners appeared first on The Daily Hodl.

Top Crypto Trader Predicts Rallies for Avalanche (AVAX) and Solana (SOL), Says Ethereum Rivals Look Like Winners

Leading layer-1 networks like Ethereum, Solana, Cardano, and Avalanche posted some of the highest gains over the last week.

Avalanche, Ethereum Lead Top 10 Crypto Gains Over Past Week

A popular crypto analyst is giving a bullish forecast for Ethereum rivals Solana (SOL), Avalanche (AVAX) and Terra (LUNA). In a new video, the host of financial education YouTube channel InvestAnswers says that Solana could be on the brink of reclaiming the three-digit price level as it flashes a strong bullish signal.  “There's a lot […] The post Ethereum Competitors Terra (LUNA), Solana (SOL) and Avalanche (AVAX) on the Cusp of Breakouts: Crypto Analyst appeared first on The Daily Hodl.

Ethereum Competitors Terra (LUNA), Solana (SOL) and Avalanche (AVAX) on the Cusp of Breakouts: Crypto Analyst

A closely tracked crypto analyst is mapping out what's in store for Ethereum rivals Terra (LUNA) and Avalanche (AVAX) as the digital asset markets flash signs of life. In a new strategy session, Altcoin Sherpa says that decentralized finance (DeFi) payment network Terra looks strong on the shorter timeframes as it continues to establish higher […] The post Here's What's Ahead for Ethereum Competitors Terra (LUNA) and Avalanche (AVAX), According to Crypto Strategist appeared first on The Daily Hodl.

Here's What's Ahead for Ethereum Competitors Terra (LUNA) and Avalanche (AVAX), According to Crypto Strategist

One veteran commodities investor turned bitcoin bull has predicted the bitcoin price could soar to $200,000 in just five years—pointing to a "compounding effect" that could drive momentum...

Crypto Price Prediction: Huge Bitcoin Forecast Revealed As Ethereum, BNB, XRP, Solana, Cardano, Luna And Avalanche Swing

A popular analyst has his eye on smart contract platform Avalanche (AVAX) and says that the Ethereum rival is looking ripe for a breakout. The pseudonymous analyst known as Pentoshi says that despite keeping his distance from altcoins for some time now, Avalanche may be showing all the right signs for a new bull run. […] The post Crypto Analyst Says One of Ethereum's Main Rivals Appears Ready to Rally appeared first on The Daily Hodl.

Crypto Analyst Says One of Ethereum's Main Rivals Appears Ready to Rally

Zcash

Crypto markets were mainly in the green on Saturday, with AVAX, RUNE and ZEC being some of the notable gainers. Apecoin traded lower during its third session, falling by as much as 13%, following back-to-back gains. Avalanche (AVAX) LUNA, WAVES, and FTM were all trading over 10% on Saturday, however it was AVAX that was […]

Biggest Movers: AVAX Almost 20% Higher, as RUNE and ZEC Near 15% Gains on Saturday

AVAX was once again higher on Thursday, rising for its fourth consecutive session, as it further cements itself in the crypto top ten. Although RUNE was also trading by as much as 15% higher, it was CAKE that led Thursday's gainers. Pancakeswap (CAKE) Pancakeswap (CAKE) rose to its highest level in almost four weeks on […]

Biggest Movers: AVAX, RUNE up Over 10%, as CAKE Surges 20% on Thursday

The card-based iOS and Android strategy game, Castle Crush, will implement premium NFTs amid rising gaming momentum on Avalanche.

Wildlife's Hit Mobile Game Castle Crush to Add Avalanche NFTs, Tokens

Fantom

Thorchain (RUNE) rallied to its highest level since January, as cryptocurrency markets started the week mainly in the red. Avalanche (AVAX) was one of these cryptocurrencies trading lower on Monday, and fantom (FTM) fell by close to 10% on the day as well. Thorchain (RUNE) While cryptocurrency markets have been mainly lower over the past […]

Biggest Movers: RUNE Rises by Over 15%, as FTM and AVAX Trend Lower

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CryptoCodex: Bitcoin And Crypto Are Braced For A Huge Week As The Price Of Ethereum, BNB, XRP, Solana, Cardano, Terra's Luna And Avalanche Swing

Shark Tank star Kevin O'Leary is unveiling his strategy when it comes to investing in the top altcoin projects by market cap. In a new interview with CNBC's Squawk Box, the famed investor and entrepreneur says it's impossible to nail which of the leading projects will win out in the long run, as their development […] The post Ethereum, Solana, or Avalanche? Shark Tank Star Kevin O'Leary Outlines His Crypto Investment Strategy appeared first on The Daily Hodl.

News for Avalanche Crypto (AVAX)