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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

Fantom

A closely followed crypto analyst is updating his stance on Bitcoin (BTC) and two of Ethereum's (ETH) biggest rivals. The pseudonymous trader Altcoin Sherpa tells his 194,000 Twitter followers that Bitcoin is likely setting up for a pullback and that the $25,000 level probably won't hold.

Crypto Analyst Updates Outlook on Bitcoin, Avalanche and One Ethereum Rival That's Soared 135% This Year

Ether

Polygon

Crypto analytics firm Nansen says that more than $850 million worth of several crypto assets flowed out of Binance after a US federal agency accused the exchange of regulatory violations.

$852,000,000 in Ethereum, Polygon, Fantom and Additional Altcoins Have Left Binance Following CFTC Lawsuit: Nansen

The C-and X-chains of Ethereum (ETH) challenger Avalanche (AVAX) briefly went down as the network upgraded to a new software version. The X-chain, the exchange chain of the blockchain used to transfer funds, slowed down and processed only a few transactions leaving it virtually unusable.

Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade

On-chain data shows that transactions sent over X-Chain are lagging, while C-chain has recovered from an earlier outage.

Avalanche Blockchain's X and C Networks See Brief Outage

Enclave Markets CEO on why OTC traders benefit from maintaining confidentiality via Enclave's encrypted exchange.

This Avalanche backed project is creating a fully encrypted exchange

Ava Labs president John Wu is warning that the crypto industry will be adversely affected by the elimination of onramps into the crypto ecosystem.

Here's What To Expect for Crypto As Silvergate Bank Collapses, According to Ava Labs President John Wu

BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among the crypto names that had exposure to now-shuttered Silicon Valley Bank.

Silicon Valley Bank Contagion: Crypto Companies Affected Include BlockFi, Circle, Avalanche

DEFYCA's launch highlights the growing trend of bringing tokenized versions of traditional markets like debt to blockchains.

Securities Platform DEFYCA to Release Tokenized Private Debt Protocol on Avalanche

Solana

Crypto whitehat hackers identified Ethereum as their preferred blockchain, followed by Solana, Avalanche and Cosmos, while Tezos spiked.

Whitehat hackers focus on Ethereum, Solana and Avalanche: Immunefi

Immutable, a web3 gaming company, added three positions to its leadership team, all at the C-level.

Immutable makes C-suite hires from Meta, Ava Labs

Emin Gün Sirer says intelligent trading bots have promise, but need more crypto cycles of training data.

AI Still Has a Lot to Learn—and Unlearn: Ava Labs CEO

Avalanche will be its exclusive blockchain partner as it builds out its competitive gaming platform Blitz.

Esports Giant TSM Enters Into Web3 Gaming Partnership With Avalanche

Team SoloMid will host tournaments on Blitz Esports' Avalanche Subnet.

Esports Giant TSM Forges Ahead With Web3 Gaming on Avalanche

According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network.

Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday

Half of the BTC.b minted on Thursday have been moved to BENQI Finance, an Avalanche-based decentralized finance protocol.

Bitcoin-Bridged to Avalanche Reaches Record Daily Mint of Over 2K BTC

The announcements highlight BridgeTower's emphasis on regulatory compliance.

BridgeTower Capital to Onramp Lido, Offers Security Token For Avalanche's Staking Rewards

Avalanche founder and Ava Labs CEO Emin Gun Sirer has been working on proof-of-work cryptocurrencies since before Bitcoin (seriously). He talked to Dan Roberts and Stacy Elliott about how Avalanche avoided FTX and how much damage SBF has done to crypto's image with VCs, why institutions still aren't backing away from crypto, why Avalanche will succeed in the long run, and trying to cater to both Wall Street institutions and DeFi degens.

gm: Meet the Brain Behind Avalanche

The French National Police have arrested two individuals allegedly behind the $9.19 million hack on Avalanche (AVAX)-based decentralized finance (DeFi) protocol Platypus Finance. The French police also announced they seized €210,000 ($222,505) worth of cryptocurrencies. Platypus itself also confirms the development. Platypus, an automated market maker for stableswap, suffered three separate attacks on February 16th.

French Police Arrest Hackers Allegedly Associated With Exploit of Avalanche-Based DeFi Protocol

Polkadot

Avalanche fell to a two-week low on Tuesday, as the token broke out of a key support point. Prices fell below a floor at $17.50, which comes as the global cryptocurrency market cap is down by 1.01% as of writing. Polkadot also extended its recent losses, falling by nearly 3% on Feb. 28.

Biggest Movers: AVAX Hits 2-Week Low as DOT Extends Recent Losses

Cardano

Cosmos

A widely followed crypto analyst says he's looking to snap up several altcoins, including two prominent Ethereum (ETH) competitors, when the time is right.

Coin Bureau Looking To Accumulate Cardano, Polkadot and Three Additional Crypto Assets When Time Is Right

Emin Gün Sirer said Sam Bankman-Fried's alleged fraud tarnished the crypto industry's goodwill.

‘Immeasurable' Damage Done to Crypto by SBF: Ava Labs CEO

Chainlink

Popular crypto strategist Michaël van de Poppe is predicting bullish continuations for a handful of altcoins, including Avalanche (AVAX), Polygon (MATIC) and Chainlink (LINK). Van de Poppe tells his 649,000 Twitter followers that he believes the trend for smart contract platform Avalanche is still up, despite its recent pullback.

Extended Rallies for Avalanche, Polygon, Chainlink and Two Additional Assets Incoming, Predicts Top Crypto Analyst

Polygon rallied to a ten-month high on Thursday, as the token rose for a third straight session. Overall, cryptocurrency markets rebounded from recent losses, with the global market cap up 5.90% at the time of writing. Avalanche also surged, hitting a one-week high.

Biggest Movers: MATIC Hits 10-Month High as AVAX Extends Recent Gains

Such transactional activity came even as the total value of tokens locked on Avalanche-based decentralized finance applications slid from 2021's $15 billion peak to just over $900 million in November 2022.

Avalanche Blockchain Saw 1,500% Transactional Growth in 2022: Nansen

Aave

Chainlink's Proof of Reserve (PoR) feature is now available on Aave lending platform on the Avalanche blockchain.

News for Avalanche Crypto (AVAX)