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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.

The Avalanche (CRYPTO: AVAX) foundation announced the eligibility criteria it has set for community coins, which it will consider supporting. The announcement triggered AVAX to move 4% higher.

Avalanche Announces Criteria For $100M Memecoin Purchases, AVAX Tokens Surge

The Avalanche Foundation, the non-profit organization overseeing the development of the Avalanche network, has announced the criteria for selecting meme coins.

Avalanche Foundation Reveals Memecoin Selection Criteria in $100 million Culture Catalyst Program

The Avalanche Foundation is investing in meme coins via a "Culture Catalyst" fund. Here's how they're picking tokens.

Meme Scheme: How Avalanche Is Picking Which Meme Coins to Buy

Masa Network has raised $5.4 million in a seed funding round to build a decentralized network on Avalanche focused on personal data.

Masa raises $5.4 million in seed funding to build a personal data network on Avalanche

Not all meme coins are created equal. If they're to get bought up by the Avalanche Foundation, their creators will have to follow some rules.

Avalanche Foundation Puts Rules on Plans to Buy Meme Coins

Bitcoin

Solana

Over half of the profits accumulated by short-term bitcoin holders have been wiped out, Bitfinex analysts said in a Tuesday note.

Solana, Avalanche Tokens Slide as Bitcoin Traders Target Eye Support at $38K

Negative buzz around Dwight Howard's collection, Ballers, was so bad that Ava Labs distanced itself from the collection on Sunday.

Air Ball: NBA Star Dwight Howard's Avalanche NFTs Are a Huge Miss

Ethereum

The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum's sales amounted to $106 million, overtaking Bitcoin's $70 million in sales over the same seven-day period.

Weekly NFT Sales Dip — Ethereum Outshines Bitcoin, Solana and Avalanche Record Gains

Bitcoin is down bad—but major altcoins like Solana, Avalanche, and Cardano are also experiencing a brutal selloff.

Solana, Avalanche Tumble as Bitcoin Slides Towards $40,000

Arbitrum

Chainlink

Fantom

Polygon

Closely followed crypto strategist and trader Michaël van de Poppe is naming the top five altcoins he is bullish on in 2024. In a new strategy video, Van de Poppe tells his 162,000 YouTube subscribers that his first top altcoin choice this year is the smart contract platform Ethereum (ETH).

Ethereum, Chainlink and Arbitrum Are Among Top 5 Altcoin Plays for This Year, According to Michaël van de Poppe

The CEO of Avalanche (AVAX) development firm Ava Labs says that he now understands the cultural significance of memecoins. In a series of tweets on the social media platform X, Emin Gün Sirer says memecoins do not have to be like other crypto assets that derive value from use cases.

Ava Labs CEO Weighs In on Cultural Significance of Memecoins, Says Crypto Assets Can Derive Value From Being Fun

The Avalanche Foundation, an institution that funds avalanche initiatives, has recently announced that it will start investing in meme coins.

Avalanche Foundation to Hop Onto the Meme Coin Train, Announces Investment in Selected Projects

One rival of smart contract platform Ethereum (ETH) is shifting its culture to focus on promoting tokens it says are inspired by internet culture and humor.

Avalanche (AVAX) To Go Ape? Ethereum-Rival Aims To Promote Memecoins With New Culture Catalyst Initiative

The Avalanche Foundation (CRYPTO: AVAX) announced on Friday a new initiative to integrate meme coins into its Culture Catalyst program to empower creators, spark innovation and accelerate blockchain adoption, highlighting the cultural significance of meme coins in the cryptoasset landscape. Culture Catalyst: Fostering Creativity And Adoption: Launched last year, the Culture Catalyst program by the Avalanche Foundation focuses on nurturing new forms of creativity, culture and lifestyle enabled by blockchain technology.

Will This Meme Coin Make You Rich? Avalanche's Mystery Collection Could Change Your Fortune

The price of Avalanche-based meme coins including Husky Avax and Coq Inu rose by double-digits on the news.

Avalanche Foundation to Invest in Meme Coin Collection

“These coins, often inspired by internet culture and humor, go beyond mere utility assets,” the foundation said.

Avalanche Foundation to Purchase Meme Coins as Part of Culture Drive

A widely followed crypto analyst says that one red-hot Ethereum (ETH) rival that's skyrocketed over 460% in 90 days has confirmed a breakout.

Ethereum Competitor That's Exploded Over 460% in Under Three Months Has Confirmed a Breakout, Says Trader

Avalanche (CRYPTO: AVAX) and Solana (CRYPTO: SOL), have surpassed Dogecoin (DOGE) and Binance Coin (CRYPTO: BNB) in market capitalization respectively, according to data by CoinMarketCap. What Happened: AVAX on Thursday surged over 16%, while SOL increased 8% in the last 24 hours.

Dogecoin Swept By Avalanche, And Solana Surpasses Binance's Native Token To Claim 4th Largest Market Cap

What to watch for in 2024, according to market analysts.

Solana, Avax, Helium Led Digital Assets Gains This Year. What's Next?

A widely followed crypto analyst is expressing bullish sentiment toward a popular layer-1 altcoin. The pseudonymous analyst known as Bluntz tells his 232,600 followers on the social media platform X that the current price action of Avalanche (AVAX) is mirroring that of Bitcoin (BTC) as it was appreciating in October and November.

Top Crypto Analyst Says Ethereum Competitor That's Exploded Over 370% in Three Months Is Signaling More Upside

Recently, the smart contract platform tokens solana (SOL) and avalanche (AVAX), both considered layer one (L1) crypto assets, have been narrowing the gap with ethereum (ETH), the most prominent smart contract platform in terms of market valuation. Over the past month, solana has experienced a 42% surge, while avalanche has soared by 104%.

Smart Contract Tokens Solana and Avalanche Surge, Closing in on BNB and Ethereum

A pittance punted on COQ shortly after its issuance has yielded a massive return for one on-chain trader.

Trader Turns $450 into $2M Betting on Avalanche Meme Coin Coq Inu

Bonk

A popular crypto analyst is predicting market corrections for Solana (SOL) and another one of Ethereum's (ETH) biggest competitors. Pseudonymous trader Altcoin Sherpa tells his 201,800 followers on the social media platform X that Solana is setting up to dip below $50, more than 31% from its current value.

Trader Predicts Corrections for Solana and Additional Ethereum Rival, Updates Outlook on One Dogecoin Competitor

Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.

Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K

A widely followed crypto trader is predicting more rallies for smart contract protocol Avalanche (AVAX) and artificial intelligence (AI)-focused altcoin Fetch.ai (FET). Pseudonymous analyst Altcoin Sherpa tells his 201,600 followers on the social media platform X that Avalanche is likely not yet done rallying.

News for Avalanche Crypto (AVAX)