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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.

Asset manager Franklin Templeton is bringing its OnChain U.S. Government Money Fund to Avalanche, its fourth network launch to date.

Franklin Templeton brings its tokenized money market fund to Avalanche

Grayscale Investments has expanded its portfolio by launching a new investment trust focused on Avalanche's AVAX token.

Grayscale unveils investment trust for Avalanche's AVAX token

The fund's official record of share ownership is kept on the Stellar network and the fund may also use Polygon and Arbitrum for certain accounts.

Avalanche Becomes Latest Blockchain to Support Franklin Templeton's Tokenized Money Market Fund

The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.

Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust

ACP-77 is a community proposal that would change the validator dynamics of Avalanche L1s, previously known as subnets.

Research Unlock: Unlocking Avalanche Layer 1s with ACP-77

Avalanche surged 6%, and NEAR followed with a 4.6% increase, as all but one asset posted gains.

CoinDesk 20 Performance Update: AVAX and NEAR Lead as Index Gains 2.2%

The price of Avalanche (AVAX) has resumed its downtrend after briefly rising above the $19 support level. Price analysis by Coinidol.com.

Avalanche Crashes And Threatens To Fall Below $17

The price of Avalanche (AVAX) has fallen to its historic low of November 22, 2023. The altcoin dropped as low as $17.35 before recovering.

Avalanche Continues To Rise And Stabilizes Above $19

The California Department of Motor Vehicles (DMV) has successfully integrated 42 million car titles onto the Avalanche blockchain network, which uses the cryptocurrency AVAX as its native token. This innovative system, developed by Oxhead Alpha, enables users to transfer vehicle titles within minutes, significantly reducing the traditional two-week processing time.

California DMV Revolutionizes Vehicle Title Transfers With Avalanche Blockchain Integration

The service, developed by Oxhead Alpha, will let users transfer vehicle titles in minutes without going to an office versus the two weeks in the traditional system.

California DMV Puts 42M Car Titles on the Avalanche Network in Digitization Push

The Department of Motor Vehicles (DMV) for the most populous state in the US is placing its vast and complex vehicle registration system on the blockchain. According to a new announcement from Ava Labs, the development firm behind Avalanche (AVAX) the State of California is using the chain to update its title transfer system.

California DMV Puts Vehicle Registration System on Avalanche (AVAX) to Prevent Fraud: Report

This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, writer Dexter of Blocmates explains Avalanche's exciting forthcoming update, Avalanche Community Proposal 77. To do so, Dexter gives an overview of Avalanche's unique architecture.

An Avalanche Reawakening

﻿The price of Avalanche (AVAX) has returned to the downtrend zone after being rejected at the $33 high. Had the $3 barrier been breached, the cryptocurrency would have risen to $41.

Avalanche Price Slips To $12

Arbitrum

Just months after Wormhole's airdrop in April, the cross-chain project will unlock a third of its token's circulating supply this month: 600 million tokens at a current value of about $180 million.

August preview: Nearly $1 billion in unlocks planned for these token projects

While O'Grady declined to share specific details of his next venture, the veteran developer will continue on-chain development in some capacity.

Ava Labs engineering head Patrick O'Grady leaving team to start own company

Avalanche (CRYPTO: AVAX) has rallied 20% over the past month, prompting traders to speculate about more upside for “the red coin.” What Happened: Crypto trader Eugene Ng Ah Sio highlighted its high time frame (HTF) range reclaim, followed by a quick one-day trend retest and bounce.

Avalanche Up 20% In A Month: What Is Going With 'The Red Coin'?

One Ethereum (ETH) rival appears primed to closely track Solana's (SOL) latest surge, according to a popular crypto trader. The pseudonymous analyst known as Inmortal tells his 214,500 followers on the social media platform X that the smart contract platform Avalanche (AVAX) is following SOL with “muscle memory, long and strong.

One Ethereum Rival Following in the Footsteps of Solana's (SOL) Recent Rally, According to Crypto Analyst

Solana

AVAX led the CoinDesk 20 with a 14.5% increase in over the weekend trading, while SOL climbed 6.0%

CoinDesk 20 Performance Update: AVAX and SOL Surge Lead Weekend Advance

The price of Avalanche (AVAX) has resumed a positive trend by breaking above the 50-day SMA. However, the breakout was limited by the presence of doji candlesticks.

Avalanche Price Retreats And Encounters Resistance At $29

The price of Avalanche (AVAX) has already fallen to a low of $21.88 on July 5. This price level has remained stable while the altcoin corrects upwards.

Avalanche Enters Oversold Territory And Rises Above $21

The latest price analysis by Coinidol.com report, the price of Avalanche (AVAX) has recovered from its dip above the $8.50 support level.

Avalanche Enters The Oversold Region And Faces A Drop Above $20

Aave

Is alt season starting? While blue-chip crypto currencies mostly trade sideways, altcoins post impressive gains of up to 11%.

These Alts Are Outpacing the Crypto Market Rebound

Over the weekend, NEAR and AVAX lead the CoinDesk 20 with only one asset posting a loss.

CoinDesk 20 Performance Update: NEAR and AVAX Lead

Chainlink

Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.

Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration

The platform will be used as a launchpad for future Web3 ventures of webtoon IPs and K-pop, OtherWorld said.

News for Avalanche Crypto (AVAX)