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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.

As part of its regularly scheduled rebalancing, Grayscale sold its AVAX and used the cash to purchase Bitcoin, Ethereum, ADA, MATIC, and SOL.

AVAX Slips 2% As Grayscale Dumps Avalanche From Large Cap Fund

Venly's Avalanche app is now available to all Shopify merchants, letting them mint and sell NFTs through a no-code interface.

Shopify Merchants Can Now Sell Avalanche NFTs Through Their Online Stores

A popular cryptocurrency analyst and trader is expressing a bearish outlook on two under-the-radar altcoins.

Top Crypto Analyst Issues Bearish Warning, Says Avalanche and One Mid-Cap Altcoin Could Crash by Over 70%

Cardano

Polkadot

Polygon

Solana

At the end of 2021, a myriad of people thought a handful of smart contract platform tokens, often referred to as ‘Ethereum killers,' would flip the second-largest crypto asset in terms of market capitalization in 2022.

‘Ethereum Killers' Managed to ‘Kill' Themselves in 2022 Rather Than Beat the Smart Contract Economy's Heavyweight Champ

Avalanche surpassed Solana in the market cap of their native tokens, while Coinbase shares were up 8%. The post Avalanche's AVAX tops market cap of Solana's Sol, Coinbase pops 8% appeared first on The Block.

Avalanche's AVAX tops market cap of Solana's Sol, Coinbase pops 8%

Dogecoin

A popular crypto strategist believes that a number of altcoins including XRP, Dogecoin (DOGE) and Avalanche (AVAX) will trade significantly higher in the next 12 months. Pseudonymous analyst Altcoin Sherpa tells his 187,700 Twitter followers that he thinks the macro backdrop will likely improve by December 2023, which could set up rallies for many altcoins.

Analyst Details 2023 Price Targets for XRP, Dogecoin, Avalanche and Seven Additional Crypto Assets

The upgrade allows for Avalanche-based blockchains, called subnets, to share data and crypto assets with each other. The post Avalanche upgrades to ‘Banff 5' to introduce direct communication between subnets: Exclusive appeared first on The Block.

Avalanche upgrades to ‘Banff 5' to introduce direct communication between subnets: Exclusive

Real Vision CEO Raoul Pal says that Polygon (MATIC) and a pair of Ethereum (ETH) challengers are on the cusp of ‘unlocking something big.' In a new video update, the macro guru says that Solana (SOL), Polygon and Avalanche (AVAX) are furthering crypto adoption by carving out their own niches within the industry.

Polygon, Avalanche and Additional Ethereum Rival Are ‘Unlocking Something Big,' Says Macro Guru Raoul Pal

As the wider crypto market recovered some ground on Tuesday, the Avalanche and Solana tokens are among the day's top gainers.

Avalanche, Solana Jump as Crypto Market Claws Back $26 Billion Overnight

Litecoin

Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October's reading of 7.7%.

Biggest Movers: AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data

With the release of a mobile version, Ava Labs' Core Wallet is taking an important step towards creating an interconnected Web3 experience.

Avalanche's Core Wallet Goes Mobile With Android Launch

Ethereum

A widely followed crypto analyst is predicting rallies for a handful of altcoins, including the leading smart contract platform Ethereum (ETH) and one of its primary competitors.

Crypto Analyst Michaël Van De Poppe Eyes Rallies for Ethereum, Litecoin and One ETH Rival – Here Are His Targets

Unus sed leo was one of a few gainers on Tuesday, as cryptocurrency markets mostly traded lower. Bearish sentiment returned to the global crypto market cap in today's session, with prices down by 1.77% as of writing. On the other hand, avalanche was trading lower, as prices retreated from a recent multi-week high.

Biggest Movers: LEO Rebounds on Wednesday, Whilst AVAX Falls From 3-Week High

A trading robot with a reputation for outperforming the digital asset markets is sharing its newest portfolio allocations amid the ongoing bear market. Every week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments that generate a “hive mind” consensus.

Algorithm Known for Outpacing Crypto Markets Goes Fully Risk On, Favoring Ethereum, Polygon and One ETH Rival

Bitcoin

Chainlink

The crypto strategist who nailed the end of Bitcoin's (BTC) bull market last year says one Ethereum (ETH) rival is gearing up for a rally. The pseudonymous analyst known in the industry as Pentoshi tells his 660,100 Twitter followers that smart contract platform Avalanche (AVAX) looks bullish on the lower timeframes. “Bought some AVAX.

Top Analyst Predicts Breakout for Large-Cap Ethereum Rival, Updates Outlook on Bitcoin and Chainlink

Trader Joe locked up over $95 million worth of tokens as of Friday and is among the most popular Avalanche-based products.

Avalanche-Based DEX Trader Joe to Soon Deploy on Ethereum Scaling System Arbitrum

Avalanche's leading decentralized exchange Trader Joe is launching on Ethereum scaling platform Arbitrum. The post Avalanche DEX Trader Joe is deploying on Arbitrum appeared first on The Block.

Avalanche DEX Trader Joe is deploying on Arbitrum

Morgan Creek Digital crypto hedge fund managing partner and Bitcoin (BTC) bull Mark Yusko is naming the layer-1 altcoins he sees coming out on top.

Two Ethereum Competitors Are Set To Outperform Crypto Markets, According to Bitcoin Bull Mark Yusko

An algorithm with a reputation for outperforming the crypto markets is showing a preference for Ethereum (ETH) and three other large-cap digital assets amid uncertain trading conditions. Each week, the Real Vision Bot conducts surveys to compile algorithmic portfolio assessments to create a “hive mind” consensus.

Algorithm Known for Outperforming Crypto Markets Allocates to Ethereum, Polygon and Two Additional Assets

Cosmos

A widely followed crypto analyst is looking at popular meme token Dogecoin (DOGE) and five other major altcoins. Pseudonymous crypto trader Altcoin Sherpa tells their 187,800 Twitter followers that DOGE's current pump is likely unsustainable. “Moving prob due to some Elon news.

Crypto Trader Updates Outlook on Dogecoin and Five Altcoins, Says One Top-10 Crypto Eyeing Short-Term Rally

Crypto exchange Coinbase is putting two new digital assets onto its listing roadmap of tradable altcoins as markets continue their downtrend. In a new announcement via Twitter, the US-based exchange says it's adding Avalanche (AVAX)-based BENQI (QI) and Cosmos (ATOM)-based Kava (KAVA) to its roadmap.

Coinbase Adds Avalanche (AVAX)-Based Crypto Project and Cosmos (ATOM) Altcoin on Listing Roadmap

The Ava Labs founder said that the real damage from FTX was in propping up the price of tokens to borrow against them.

Avalanche Founder Says Company Has ‘Very Little Exposure' to FTX

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The Avalanche ecosystem quickly rose to prominence in 2021 amidst growing concerns over scalability of the Ethereum network Avalanche subnets represent the network's long-term strategy for scaling and initially reduced congestion on the Avalanche C-Chain, but activity on the primary network has remained muted since mid-2022 A recent update to the Avalanche network has relaxed the capital requirements to becoming a subnet validator and enabled basic communication between subnet VMs, taking a step toward greater scaling functionality for subnets in the future

Avalanche Feels Impact of Bear Market

The Avalanche Foundation announced incentives worth $4 million for decentralized trading platform GMX. The post Avalanche Foundation unveils $4 million incentive program for trading platform GMX appeared first on The Block.

Avalanche Foundation unveils $4 million incentive program for trading platform GMX

Shiba Inu

A crypto strategist known for his timely altcoin calls says traders looking to suddenly flip bullish on meme token Shiba Inu (SHIB) at current levels should exercise caution. Pseudonymous trader Altcoin Sherpa tells his 185,700 Twitter followers that Shiba Inu might be losing some steam after failing to break key resistance levels.

News for Avalanche Crypto (AVAX)