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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.

Bitcoin

Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours.

Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt

The digital arm of Konami Group is teaming up with the Avalanche blockchain to enhance services for its NFT platform Resella.

Japanese gaming giant Konami chooses Avalanche for Resella NFT platform

A closely followed crypto analyst believes that one Ethereum (ETH) rival is gearing up for a massive gain. Pseudonymous trader Kaleo tells his 641,800 followers on the social media platform X that Avalanche (AVAX) may be about to mirror a 2021 bullish pattern against Bitcoin (BTC). “AVAX/BTC: I still wouldn't sleep on Avalanche here.

‘Quiet Before the Storm' – Trader Says Top Ethereum Rival Mirroring 2021 Price Action That Preceded 700%+ Rally

Previously known as Stars Arena, the app prepares to step up competition in the SocialFi space.

The Next Friend.tech? Avalanche's Arena Sets Token Airdrop Plans

Elixir Games also acquired the web3 game RoboKiden from Breach Studios, with its KIDEN token expected to launch later this year.

Square Enix-backed web3 gaming firm Elixir Games partners with Ava Labs

Ethereum

Solana

The two top cryptocurrencies are leading a parade of rising coins today.

Solana, Avalanche Soar as Ethereum Price Tops $3,500

Dogecoin

A closely followed crypto analyst predicts one Ethereum (ETH) competitor is about to have a massive breakout against Bitcoin (BTC). Pseudonymous trader Kaleo tells his 638,000 followers on the social media platform X that the smart contract platform Avalanche (AVAX) could soar against BTC by more than 84% from its current value.

Crypto Analyst Says Ethereum Competitor To Rip Higher, Predicts Outlook on Dogecoin and One More ETH Rival

The aims to broaden access to the $1 trillion reinsurance industry, making it more efficient and transparent with blockchain technology.

RWA Platform Re Debuts Tokenized Reinsurance Fund on Avalanche with $15M Commitment from Nexus Mutual

A closely followed crypto strategist is predicting one Ethereum (ETH) competitor could go on a massive rally following a market correction. Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that Solana (SOL) may retest $120 before a parabolic rally to more than $500 later this year.

Trader Predicts Massive Rallies for Solana This Year, Updates Outlook on One More Ethereum Rival

The Avalanche C-Chain network has recently partnered with payment firm Stripe, enabling verified Stripe users to purchase Avalanche's AVAX cryptocurrency and transfer it to their wallets.

Avalanche C-Chain Network Collaborates with Stripe for Seamless Crypto Purchases

Avalanche announces Stripe integration as it aims to add more users and streamline adding funds to its wallet.

Stripe will support Avalanche's efforts to add funds and users to ecosystem

Stripe's new Avalanche integration means that users can buy AVAX directly through the mobile app—without having to go through an exchange.

Payments Giant Stripe Expands Crypto Return With Avalanche Integration

Arbitrum

Here are all the crypto projects are unlocking hundreds of millions of dollars worth of tokens in the month of May.

May preview: $1.25 billion Pyth unlock leads major token unlocks from Avalanche, Aptos, Arbitrum, and more

Shiba Inu

Beginning today, New Yorkers can trade SHIB, COMP and AVAX on the Robinhood app.

Robinhood lists SHIB, AVAX, COMP for trading in New York

The loans are currently live in Colorado and plan to extend to other states.

Homium Raises $10M and Tokenizes Home Equity Loans on Avalanche

Ava Labs CEO Emin Gün Sirer believes that the masses are completely clueless about the technological innovations of crypto and blockchain. The CEO of the Avalanche (AVAX) development firm says in a new Real Vision interview that the “entire [crypto] space is incredibly undervalued.

Entire Crypto Space ‘Incredibly' Undervalued As Society Unaware of What Industry Has To Offer: Ava Labs CEO

Coachella concertgoers this year can track their experiences and earn prizes on the blockchain via Avalanche NFTs. Here's how it works.

Coachella Launching Avalanche NFT Quests Game at Music Festival

Avalanche has chosen its first cohort consisting of 15 early-stage web3 startups for its Codebase accelerator program.

Avalanche's Codebase accelerator program chooses first cohort

The tokenization of real-world assets – or placing traditional assets onto blockchain rails – is a growing trend in crypto with global financial giants entering the space.

Diamonds Arrive on a Blockchain With New Tokenized Fund on Avalanche Network

Gaming-centric layer-1 network Saga is set to launch its mainnet in April, and that means the airdrop claim is nearly over. Are you eligible?

Saga Airdrop Is Ending—Here's Who Can Still Claim on Avalanche, Solana, and More

Slated for launch on PlayStation, Xbox and PC, "Off the Grid" is video game that incorporates an in-game economy.

PlayStation crypto game dev Gunzilla Games raises $30 million in round led by Avalanche fund and CoinFund

The crypto markets are showing signs of recovery after a sharp sell-off last week, with Bitcoin (BTC) reclaiming the $70,000 level.

Solana and Avalanche Lead Crypto Market Recovery

Bitcoin is edging back toward the price discovery zone, and altcoins are poised to follow its lead—despite a subdued response from traders.

Solana, Avalanche Post Big Gains as Crypto Market Rebounds

Ava Labs CEO Emin Gün Sirer is warning that crypto markets will see another wave of dangerous riff-raff projects rise to prominence during the bull market.

Ava Labs CEO Issues Warning, Says Rise of ‘Trash L2s' Will Fill Void of Sam Bankman-Fried

The Avalanche Foundation announced the launch of Memecoin Rush, a program designed to incentivize meme coin liquidity providers on selected platforms in the AVAX environment. The program will allocate $1 million to participants that provide liquidity for these tokens on Trader Joe and Steakhut, two AVAX decentralized platforms, and expand to include other platforms.

News for Avalanche Crypto (AVAX)