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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.

Solana

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.

Analyst Predicts Rallies for Avalanche (AVAX) and Fetch.ai (FET), Outlines Area of Interest for Gaming Altcoin

Avalanche (CRYPTO: AVAX) may reach a triple-digit surge for December due to highest-ever burnt transactions and new partnerships. What Happened: Ranked at number nine in the top 20 cryptocurrencies, Avalanche is sitting at gains of 85% in last month's trading session, compared to 15% in Bitcoin (CRYPTO: BTC) gains and 12% in Ethereum (CRYPTO: ETC).

Will AVAX Gains Close Above 100%? Weekly Burned Tokens At Highest, New Partnerships On Record

Avalanche users burned the blockchain's native token during the transaction fee process, reducing its supply.

Avalanche burned $16.7 million of AVAX over last week, 10 times more than the week before

Avalanche users are paying more than those on any other blockchain to mint and move tokens based on inscriptions.

Avalanche users pay $13.8 million in fees for inscriptions over 5 days

Masa is receiving support from the Avalanche Foundation and investment from Avalanche's Blizzard Fund to help develop the platform.

Masa's Avalanche subnet to power decentralized data marketplace

Chainlink

Luna Classic (Former Terra)

While the week started on a high note of $43,800 for Bitcoin (CRYPTO: BTC), it didn't reach that level again for the rest of the week. The crypto's apex king reported a 4% drop in the past 7-days trade while Ethereum (CRYPTO: ETH) saw a 4.6% fall in the same timeframe.

The Week That Mattered For Crypto: BONK, Avalanche Lead Gainers; Terra Classic, Chainlink Top Losers' Pack

Avalanche (CRYPTO: AVAX) has eclipsed Dogecoin (CRYPTO: DOGE) to claim the ninth spot on CoinMarketCap's leaderboard of the top 100 cryptocurrencies. What happened: The market value of Avalanche has swelled to $14.23 billion at the last count, edging out Dogecoin's $13.64 billion market cap.

Avalanche Flips Dogecoin To Capture Top 9 Crypto Ranking As Market Cap Hits Past $14B

Cardano

The year 2023 has been a game changer for the broader crypto community with Bitcoin (CRYPTO: BTC) riding the wave with significant gains. Digital assets also managed this year to be in the limelight for a stronger regulatory framework across the globe thereby leading to more crypto adoption across sectors and investors.

Crypto Markets 2023: A Game Changer For These Three Tokens, Experts Highlight A Strong Case For 2024

Dogecoin

The cryptocurrency market has demonstrated resilience despite the U.S. Federal Reserve holding interest rates at their current level. Prices of major digital assets continue to rise.

Cryptos Upbeat As Fed Maintains Status Quo — Solana, Avalanche And Dogecoin Rebound

NodeKit's SEQ is a shared sequencer Layer 1 network designed to give a wide range of rollups more robustness and interoperability.

NodeKit closes $1.2 million pre-seed round to build Avalanche-based network for rollups

Bitcoin

Bitcoin remained steady around $41,000 after Monday's dramatic flush.

Bitcoin Halts at $41K as Traders Eye Fed Rate Decision; AVAX Flips Dogecoin as Altcoins Jump

Avalanche (AVAX) has rallied heavily in the last month, outperforming the top 20 crypto assets while its ecosystem enjoys a resurgence of its own. AVAX crossed the $40 mark early on Monday, an 81% gain for December and a 138% gain since November 12.

Ethereum Rival Avalanche (AVAX) Skyrockets 138% in a Month As Ecosystem Makes Comeback

Trader Joe, a leading decentralized exchange (DEX) on the Avalanche (CRYPTO: AVAX) blockchain, achieved a significant milestone on Dec. 11, with its fee capture reaching $1.23 million and revenue hitting $145,000. These figures represented the second-highest levels recorded for the platform within the year, which marked a notable achievement in the decentralized finance (DeFi) space, according to data from Defillama.

Trader Joe's Fee Capture, Revenue Hit Second-Highest Marks: Avalanche's DEX Becomes DeFi Powerhouse

Cosmos

Bitcoin may have retraced ground, but APT, ATOM, and other alts are on the rise today.

Bitcoin Is Down—But These Altcoins Are Soaring

Avalanche has risen to become the 10th biggest cryptocurrency by market capitalization, overtaking meme coin Dogecoin.

Avalanche Flips Dogecoin Market Cap With Double-Digit Surge

Despite the broader crypto market seeing a downturn on Monday, Avalanche (CRYPTO: AVAX) emerged as the highest gainer in the top 20 cryptocurrencies, up over 6% in the past 24 hours. Avax is up over 76% in the past 7 days, which is the highest reported gain among the top 20 cryptocurrencies for the past week.

What's Going On With AVAX? Avalanche Bucks Crypto Pullback, Maintains Upward Momentum On Monday

Digital assets manager CoinShares says that digital asset investment products just experienced their eleventh consecutive week of inflows. In its latest fund flows report, CoinShares says digital asset investment products saw inflows of over $40 million last week.

Two Ethereum Rivals ‘Firm Favorites' for Institutions As Crypto Sees 11-Straight Weeks of Inflows: CoinShares

Avalanche's AVAX token has rallied over 6% in the past 24 hours, despite a day of volatility across the cryptocurrency market.

Avalanche's AVAX token rallies despite crypto market downturn

Investors are largely interested in Bitcoin, but these two altcoins are grabbing attention.

Investors Eyeing Up Solana and Avalanche as Cash Flows Into Funds

Institutional investors are waiting on the sidelines for more crypto regulations, according to the chief strategy officer of market intelligence firm CoinShares. Bitcoin (CRYPTO: BTC) has surged over 14% this week and hovering around $44,000, a stark contrast to its position in January.

It's 'The Most Hated Rally,' Market Analyst Says Of Bitcoin, Solana And Avalanche: Here's Why

Market statistics indicate that two specific crypto assets among the top 20 in market capitalization, avalanche and cardano, have experienced substantial gains this past week. Avalanche has surged 48.7% and cardano has increased by 50.4% against the U.S. dollar in the previous seven days.

News for Avalanche Crypto (AVAX)