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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.

Smart contract platform Avalanche (AVAX) is powering a new web3-based voucher program for a Chinese digital payment platform. In a statement, Avalanche says the voucher program targets food and beverage merchants and consumers in Southeast Asia.

Avalanche Enabling Payment App Solutions Available to 100,000,000 Users in South East Asia

The Avalanche Foundation is capitalizing on the meme coin craze with incentives to boost meme coins like Kimbo, Coq Inu, and Gecko.

Avalanche 'Meme Coin Rush' Offers $1 Million in Rewards for Traders

The smart contracts platform Avalanche recently said it is collaborating with the Chinese payments giant Alipay to launch a Web3-enabled voucher program. The second phase will see the proof of concept being expanded to more than 100 million users from Southeast Asian countries.

Avalanche to Launch Web3 Voucher Program on Alipay

Avalanche (AVAX) and DogWifHat (WIF) don't like the slow pace of today's market and have spiked more than 10% in the last 24 hours.

Avalanche (AVAX) and DogWifHat (WIF) Defy Gravity Amidst a Flat to Bearish Crypto Market

Bitcoin

Solana

Memecoins soared past $55 billion in market cap, up 11% as traders doubled down on SHIB, WIF, BONK, and newcomer CORGIAI

Bitcoin Back Above $67K as Memecoins Push up SOL and AVAX

A widely followed crypto strategist thinks that it's almost time for the wider altcoin market to reap the benefits of capital rotation. Pseudonymous trader Hsaka tells his 526,500 followers on the social media platform X that altcoins are now in a position to accelerate.

Trader Predicts Rallies in Broader Altcoin Market, Sees One Solana-Rival Following SOL's Surge

The Avalanche Foundation has disclosed the first set of community coins, also called meme coins, in which the institution has invested under its $100 million Culture Catalyst fund launched in 2022.

Avalanche Foundation Discloses First Batch of Meme Coin Holdings

The Foundation first said in December it would invest in meme coin as part of a digital culture drive.

Avalanche Foundation Snaps up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment

The holdings include meme coins such as Coq Inu, Gecko, Kimbo, NoChill, and Tech, as part of its Culture Catalyst program.

Avalanche Foundation reveals five ‘community coins' it holds

Ethereum

A closely followed crypto trader is flipping bullish on Sam Altman's identity-focused crypto project Worldcoin (WLD). Pseudonymous trader The Flow Horse tells his 200,300 followers on the social media platform X that artificial intelligence (AI)-related Worldcoin appears like it could flip the $10 level into support.

Top Crypto Trader Turns Bullish on Worldcoin (WLD) and Two of Ethereum's Biggest Rivals – Here's His Outlook

A widely followed crypto trader believes that one Avalanche (AVAX)-based altcoin is gearing up for a massive breakout.

Crypto Analyst Says Avalanche-Based Altcoin Primed for a Massive Move, Updates Outlook on Solana

New data reveals that asset management titan BlackRock has brought in over $10 billion into its spot market Bitcoin (BTC) exchange-traded fund (ETF) since it launched in January. According to the research team of crypto exchange BitMEX, on March 11th, BlackRock hauled over $500 million into its spot market BTC ETF.

BlackRock Leads Over $10,000,000,000 Avalanche Into Spot Bitcoin ETFs: BitMEX Research

CoinDesk Indices (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

AVAX's 28% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

Nexon Group announced its partnership with Ava Labs to launch its online role-playing game MapleStory on the Avalanche network.

Iconic MMORPG MapleStory moves to Web3 with Avalanche

Cosmos

More than 200,000 wallets are eligible for the SAGA token claim across chains following a play-to-airdrop campaign.

Saga Gaming Token Airdrop Begins Across Avalanche, Cosmos, and Solana

Teleporter aims to unify Avalanche's network of application-specific chains, addressing network fragmentation.

Avalanche releases Durango upgrade, unveils ‘Teleporter' to boost subnet interoperability

A widely followed cryptocurrency analyst and trader is forecasting the path forward for three crypto assets.

Analyst Says Ethereum Rival Could Skyrocket by Over 130%, Updates Outlook on Dogecoin and Solana

Digital assets manager CoinShares says institutions poured $598 million into crypto investment products last week for a fourth consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark.

Avalanche of Institutional Capital Enters Crypto Markets in Fourth Straight Week of Inflows: CoinShares

Prominent layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour network outage. According to Avalanche data-tracking platform Avalanche Status, the blockchain went through an outage that prevented blocks from being accepted on its primary network.

Ethereum Competitor Avalanche (AVAX) Suffers Five-Hour Network Outage

A popular crypto trader believes one recently launched gaming altcoin has a lot of upside potential. The pseudonymous analyst known as Altcoin Sherpa tells his 207,800 followers on the social media platform X that the Web3 gaming altcoin Pixels (PIXEL) will likely bounce from its current value.

Analyst Predicts Brand New Altcoin Will ‘Do Pretty Well', Updates Outlook on Bitcoin, Avalanche and Celestia

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs' co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions.

Avalanche Blockchain Faces Outage Amid Inscription Wave: AVA Labs Investigates

The suspected “esoteric bug” has not helped AVAX performance, which is down for the fifth day in a row this week.

AVAX Dips as Avalanche Network Faces Block Production Halt

Layer-1 network Avalanche has failed to produce a block for more than an hour, Ava Labs co-founder Kevin Sekniqi said the issue "seems to be related to a new inscription wave."

Avalanche Suffers Outage, Fails to Produce Block for Almost Two Hours

The last block on the Avalanche C-Chain appears to have been more than an hour ago, according to on-chain data.

Avalanche confirms block finalization stall, developers currently investigating

Avalanche (AVAX) dipped over 3% this week, even as the rest of the crypto market saw gains.

News for Avalanche Crypto (AVAX)