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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.

Grove Finance has officially launched on the Avalanche network, targeting an initial investment of up to $250 million in real-world assets (RWAs) as part of its institutional-grade credit protocol. This initiative aims to enhance Avalanche's institutional ecosystem by introducing new capital and partners, including Centrifuge and Janus Henderson, which manages $373 billion in assets.

Grove Finance Launches on Avalanche With $250 Million Target Investment

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: Avalanche (AVAX) Surges 16.2% as All Assets Rise

Grove, a credit protocol in the Sky (formerly MakerDAO) ecosystem, is expanding to the Avalanche (AVAX) network with plans to allocate up to $250 million into tokenized credit products, the companies said Monday.

Sky's Grove Expands to Avalanche With $250M RWA Plan, Partnering With Centrifuge, Janus

Optimism

Worldcoin

Binance Smart Chain's native token BNB has hit a new all-time high, as other major altcoins begin to climb.

Altcoins AVAX, OP, and WLD Climb As BNB Sets New All-time High

The price of Avalanche (AVAX) has maintained a sideways trend above the moving average lines.

Avalanche Remains Below The $26 Level

Dogecoin

Pepe

A closely followed crypto analyst says that Dogecoin (DOGE) may have an explosive breakout if the memecoin reclaims one key level as support.

Trader Predicts 109% Dogecoin Rally if Major Level Is Reclaimed, Updates Outlook on Avalanche and Two Other Altcoins

In a market defined by rapid shifts and relentless innovation, Telegram (CRYPTO: TON) trading bots are beginning to carve out a new standard for user experience in crypto. Leading that wave is EdgeBot, a Telegram-native bot built specifically for Avalanche (CRYPTO: AVAX), which now allows users to trade spot tokens, perpetuals, and meme coins—all without leaving their chat.

Telegram Bots Reshape Avalanche Trading, But Are They The Future Of DeFi UX Or Just A Shortcut?

The price of Avalanche (AVAX) moved sideways, rising to a high of $25 before pulling back.

Avalanche Price Oscillates Below The $24 High

Avalanche's AVAX token rallied 30% in the past month, showing strong momentum and outperforming bitcoin (BTC), which rose around 13.4% over the same period.

Avalanche's AVAX ‘Breakout Finally Happened' After 30% Monthly Price Jump

The price of Avalanche (AVAX) has risen above the moving average lines and has reached a high of $22.

Avalanche Price Maintains A Bullish Rise Above $20

Bitcoin

Bitcoin (BTC) is leading crypto markets to uncharted territory as four crypto treasury companies announce the acquisition of even more digital assets. In a series of press releases on Monday, Strategy, BitMine Immersion, Sequans, Sonnet BioTherapeutics and Metaplanet all announced that they are increasing the amount of crypto in their respective treasuries.

Bitcoin and Crypto Markets Explode to New Highs As Avalanche of Treasury Companies Double Down on Digital Assets

The price of Avalanche (AVAX) has risen above the moving average lines following the breakout on July 10.

Avalanche Trading Sideways Below $26

Chainlink

Stellar

The decentralized oracle network Chainlink (LINK) continues to top crypto's real-world asset (RWA) sector in terms of recent development activity, per new research from the analytics firm Santiment. Santiment notes in a new post on the social media platform X that Chainlink registered 351 notable GitHub events in the past 30 days.

Chainlink, Avalanche and Stellar Dominate Santiment's New Development Rankings for Real-World Asset (RWA) Projects

Ethereum

A widely followed cryptocurrency analyst and trader believes Bitcoin (BTC) could go up by more than 4x from the current level. The trader pseudonymously known as Kaleo tells his 706,400 followers on the social media platform X that a $500,000 Bitcoin price is a “magnet” based on the logarithmic regression channel.

Trader Outlines Catalysts That Could Trigger 350% Bitcoin Rally, Updates Outlook on Ethereum and Avalanche

Akave has launched a decentralized storage network called Akave Cloud on a dedicated Avalanche Layer 1 blockchain. This platform is designed to meet the needs of decentralized artificial intelligence (AI), decentralized physical infrastructure networks, and compliance-focused software as a service.

Akave Cloud Launches Decentralized Data Layer on Avalanche L1

The price of Avalanche (AVAX) has risen above the 21-day SMA and has continued its uptrend.

Avalanche Returns To Its Range Above $16.00

Avalanche's token AVAX recently broke out of a consolidation phase, establishing strong support levels, according to CoinDesk Research's technical analysis model. The token is up 0.8% in the last 24 hours.

AVAX Breaks Out of Consolidation Phase

The price of Avalanche (AVAX) has been oscillating above the $16.00 mark since March 9.

Avalanche Continues To Oscillate And Remains Above $16

Avalanche AVAX broke below critical $17.45 support level amid accelerated selling pressure, dropping 3.4% over 24 hours, according to CoinDesk Research's technical analysis model.

AVAX Underperforms Broader Crypto Market as Short-Term 'Double Top' Pattern Emerges

Avalanche's AVAX has surged 8.2% in 24 hours, climbing from $16.29 to $18.50, establishing strong support at $18.03, but facing resistance at the $18.47-$18.50 zone, according to CoinDesk Research's technical analysis model.

AVAX Gains 8%, but Faces Short-Term Resistance

Avalanche AVAX struggled to maintain short-term momentum, with trading patterns showing a descending channel formation despite attempts to stabilize around key support levels, according to CoinDesk Research technical analysis model.

AVAX Stages Short-Term V-Shaped Recovery, Struggles to Maintain Momentum

The price of Avalanche (AVAX) is falling again after being pushed back from the moving average lines on the 11th of June.

Avalanche Remains Above $18 As Traders Are Hesitant

The spike in fees and transactions was fueled by arena.trade's high-frequency mint mechanics.

Avalanche transactions top 1 million amid ERC-404 minting frenzy

After reaching a high of $19.99, Avalanche's token AVAX was sharply rejected at the $20 psychological barrier, triggering accelerated selling that drove prices down to $18.61, according to CoinDesk research's technical analysis model. The rejection coincided with peak trading volume of 1.9 million, suggesting large-scale profit-taking and position liquidations.

AVAX Loses 5.8% After Rejection at Critical $20 Short-Term Resistance

Avalanche's token AVAX has gained 3.1% in the last 24 hours and appears to be undergoing a V-shaped recovery even as the war between Iran and Israel continues, according to CoinDesk research's technical analysis model.

News for Avalanche Crypto (AVAX)