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.com has added support for the smart contract platform Avalanche to its self-custodial web3 wallet. The addition of Avalanche to the multichain Bitcoin.com Wallet means the wallet's millions of users are now able to buy, sell, send, receive, and manage $AVAX.

Multichain Bitcoin․com Wallet Now Supports Avalanche (AVAX)

One crypto arbitrageur was able to gain $370,000 from a flash loan exploit on the Avalanche-based DeFi platform Nereus Finance. The post Attacker scoops $370,000 profit in $51 million flash loan arbitrage on Avalanche appeared first on The Block.

Attacker scoops $370,000 profit in $51 million flash loan arbitrage on Avalanche

Paris, France, 6th September, 2022, Chainwire Colony Lab, the Avalanche ecosystem accelerator, has partnered with decentralized crypto index platform Phuture to launch CAI, the first

Colony Avalanche Index Launches to Offer Yield-Bearing Avalanche Ecosystem Exposure

Dogecoin

Shiba Inu

Cosmos

Polkadot

Ethereum

Polygon

Optimism

Uniswap

CNBC host Jim Cramer is advising investors to avoid meme assets and altcoins after the Federal Reserve announced further interest rate hikes. In a new Mad Money segment, Cramer says that investors should steer clear from meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB).

CNBC's Jim Cramer Warns Investors Should Stay Away From Dogecoin, Shiba Inu and Over a Dozen Other Altcoins

Solana

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 L1 teams continue to optimize for greater scalability and cross-chain communication, but on-chain metrics point to declining activity in DeFi protocols across the board This week, we check in with Avalanche, Solana, and Cosmos

Layer by Layer Issue 44: Avalanche, Solana, and Cosmos

GoGoPool raises $5 million to provide bring liquid staking to Avalanche and make it easier to launch subnets. The post GoGoPool raises $5 million to provide decentralized staking on Avalanche appeared first on The Block.

GoGoPool raises $5 million to provide decentralized staking on Avalanche

A popular crypto strategist known for his timely altcoin calls warns that a trio of digital assets could see more pullbacks. Pseudonymous analyst Altcoin Sherpa tells his 181,900 Twitter followers that smart contract platform Solana (SOL) is likely headed to revisit its range low of $25.

Crypto Analyst Predicts Corrections for Solana (SOL), Avalanche (AVAX) and Cosmos (ATOM) – Here Are His Targets

An investigation intended to show Ava Labs paid for adversarial lawsuits against its rivals has issues of its own.

What to Make of the Avalanche Whistleblower Report

Ava Labs CEO rejected the accusation as \"conspiracy theory nonsense.\"

Crypto Coin AVAX Drops 11% After Self-Described Whistleblower Says Avalanche Weaponised Litigation Against Rivals

Cardano

Algorand

Proof-of-stake (PoS) is widely considered as the future of cryptocurrencies. The post The Best Staking Coins appeared first on Bitcoin Market Journal.

The Best Staking Coins

One senior executive at the tech firm building the smart contract platform Avalanche (AVAX) believes many crypto investors who currently hold stablecoins are gearing up to buy into the markets.

CEO of Company Behind Avalanche Says Capital Sitting on the Sidelines Waiting To Jump Into Crypto – Here's Why

Dogecoin fell to a one-month low to start the weekend, as a red wave swept through cryptocurrency markets. Avalanche also dropped to a four-week low on Saturday, as the token hit a key support point. As of writing, the global crypto market cap is trading 5.46% lower.

Biggest Movers: DOGE, AVAX Fall to 1-Month Lows on Saturday

Bitcoin

The chief investment officer of Valkyrie Investments says that the crypto asset manager is turning to flight-to-safety assets such as Bitcoin (BTC) as The Merge approaches.

$1,000,000,000 Crypto Fund Moving Into Bitcoin and Two Ethereum Rivals as One Major Risk Emerges, Says CIO

A widely followed crypto analyst is laying out a crucial indicator for Ethereum competitor Avalanche (AVAX). Michaël van de Poppe tells his 623,400 Twitter followers that Avalanche and many other altcoins dropped below their 50-day moving averages due to last week's price correction.

Here's How Avalanche (AVAX) Can Nearly Double in Price, According to Popular Crypto Analyst

Aave

The crypto analyst who accurately called the 2018 bear market bottom for Bitcoin (BTC) says a trio of altcoins is in the midst of a breakout.

Solana, Avalanche, and Polygon Breaking Out as One DeFi Altcoin Carves Bear Market Bottom: Top Crypto Analyst

Leading coins rose in anticipation of the Ethereum merge. But there are still signs of ongoing liquidity problems in the industry.

This Week in Coins: Ethereum and Avalanche Rally, Crypto Winter Still Not Over

Ethereum Classic

Avalanche rallied on Wednesday, as the token broke out of a key resistance level on its way towards a multi-month high. Crypto markets mostly rallied as the session progressed, following the release of the latest U.S. inflation numbers. Ethereum classic was one such token, as it moved closer to $40.

Biggest Movers: AVAX Nears Highest Level Since May, ETC Moves Towards $40

Stellar

Retail trading giant Robinhood just announced that it now supports Ethereum challenger Avalanche (AVAX) and XRP rival Stellar (XLM) as the two altcoins enjoy rallies this month.  In an announcement via Twitter, the retail trading giant says that AVAX and XLM are now live on the Robinhood platform.

Robinhood Abruptly Adds Support for Ethereum Rival Avalanche (AVAX) and XRP Competitor Stellar (XLM)

Popular retail brokerage Robinhood Markets Inc (NASDAQ: HOOD) has added support for two new crypto assets on its platform.  What Happened: Robinhood-listed Avalanche (CRYPTO: AVAX) and Stellar (CRYPTO: XLM) on its trading platform, briefly sending both tokens rallying on Monday.

Robinhood Lists Avalanche (AVAX) And Stellar (XLM) Crypto Tokens

A popular crypto strategist is predicting rallies for Ethereum (ETH) rival Avalanche (AVAX) while keeping a close watch on one large-cap digital asset. Michaël van de Poppe tells his 620,800 Twitter followers that AVAX looks primed for a strong rally after taking out resistance at $26.

Avalanche Rally Not Over Yet as One Large-Cap Coin Presents Massive Opportunity: Top Analyst

Retail investing app Robinhood announces the addition of two more cryptocurrencies, bringing the total number on the platform to 15. The post Avalanche and Stellar Lumens tick upwards as they land on Robinhood appeared first on The Block.

Avalanche and Stellar Lumens tick upwards as they land on Robinhood

Popular Ethereum competitor Avalanche has gained double-digits as NFTs on the network gain traction.

Avalanche Jumps Nearly 15% Amid Surging NFT Volumes

Avalanche was trading close to a two-month high on Saturday, despite markets mostly consolidating. Another exception was filecoin, which surged to start the weekend, climbing by over 10% in today's session. As of writing, crypto markets are trading 1.03% higher.

Biggest Movers: AVAX Nears 2-Month High, FIL up 15% Despite Weekend Volatility

Ava Labs President John Wu sits for an extensive chat about institutional interest in crypto and DeFi (it has "absolutely not waned") and use cases of Avalanche with Decrypt's Dan Roberts at Avalanche House in Brooklyn on July 15, 2022.

Avalanche's John Wu Talks Institutional Interest and Use Cases

Curve DAO Token

Top crypto analyst Michaël van de Poppe says that leading smart contract platform Ethereum (ETH), two rivals and one additional altcoin appear poised to ignite breakout rallies. In a new strategy session, Van de Poppe tells his 166,000 YouTube subscribers that Ethereum is currently testing the strength of its immediate resistance at around $1,700.

News for Avalanche Crypto (AVAX)