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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.

Avalanche (CRYPTO: AVAX) is trading higher Monday, defying a cryptocurrency market that is trading lower.

This Crypto Similar To Ethereum Just Passed Dogecoin For A Top 10 Market Cap Spot In The Crypto Market

Avalanche (CRYPTO: AVAX) forced leading memecoin Dogecoin's (CRYPTO: DOGE) out of the crypto Olympus by replacing it as the top 10 cryptocurrency by market capitalization.

Avalanche Overtakes Dogecoin As Top 10 Crypto

Most crypto assets today are in the red. Avalanche is one of the few still gaining, and it's up 44% in the last week.

Ethereum Rival Avalanche Continues Rapid Ascent, Soars 10% in 24 Hours

Avalanche's (CRYPTO: AVAX) price has decreased 3.84% over the past 24 hours to $133.49. This is contrary to the coins performance over the past week where it has experienced an up-trend of 39.0%, moving from $97.28 to its current price.

Cryptocurrency Avalanche Down More Than 3% Within 24 hours

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CryptoCodex: As The Price Of Bitcoin And Etheruem Plummet, These Small Cryptocurrencies Are Suddenly Soaring

AVAX was one of just two top 20 cryptocurrencies to grow over the last week and now has a market capitalization of just under $30 billion.

Avalanche Defies Market Crash To Replace Dogecoin As Top 10 Cryptocurrency

Dogecoin

Ethereum

Shiba Inu

Avalanche (CRYPTO: AVAX) project founder and Ava Labs CEO Emin Gün Sirer said on Sunday that the cryptocurrency will “address lesser engineering problems without batting an eyelid,” taking a dig at Ethereum's (CRYPTO:

Avalanche May Be Battling Dogecoin And Shiba Inu Over Market Cap But Its Real Pickle Is With Ethereum

Earlier today, Avalanche (CRYPTO: AVAX) pushed memecoin Dogecoin (CRYPTO: DOGE) out of the crypto Olympus by taking over as the tenth cryptocurrency with the highest market capitalization.

Dogecoin And Avalanche Fight For Top 10 Crypto Spot

People are looking for alternatives to Ethereum and Avalanche's cheap and fast blockchain offers an enticing alternative.

Avalanche Slides into Top 10 as Ethereum Users Complain About Gas Fees

Cryptocurrency markets have started to recuperate from last week's losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with […]

Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets

Bitcoin

Polkadot

Terra

Solana

Macro guru Raoul Pal says he remains very bullish on Bitcoin, Ethereum and four large-cap altcoins as crypto continues to see adoption on a global scale.  In a new interview on business and entrepreneurial YouTube channel Goko Group, Pal says he expects the total crypto market to rise 100x in the coming years on the […] The post Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 Market Cap, Says Macro Guru Raoul Pal appeared first on The Daily Hodl.

Bitcoin, Ethereum and Four Altcoins Witnessing Mass Adoption As Crypto Market Targets $200,000,000,000,000 Market Cap, Says Macro Guru Raoul Pal

Bearish news from China and the U.S. erased the gains that Bitcoin and Ethereum had made this month. Meanwhile, Avalanche set a new ATH.

This Week in Coins: Bitcoin Slides Under $60K While Avalanche Sets New ATH

The price of Ethereum (ETH) competitor Avalanche (AVAX) is hitting new record highs after Big Four accounting firm Deloitte inked a partnership deal with Ava Labs, the technology company behind the smart contract platform. Deloitte provides audit, consulting, tax and advisory services to 90% of the Fortune 500. The firm is partnering with Ava Labs […] The post Ethereum Competitor Surges to All-Time High After Announcing Partnership With Big Four Accounting Firm appeared first on The Daily Hodl.

Ethereum Competitor Surges to All-Time High After Announcing Partnership With Big Four Accounting Firm

Fantom

A widely followed cryptocurrency analyst and trader says three Ethereum competitors have more room for growth than the smart contract platform Solana (SOL). The pseudonymous analyst known as Smart Contracter tells his 183,000 Twitter followers that Ethereum (ETH) itself will reach a new all-time high (ATH) after correcting in a three-wave ‘A, B, C' pattern […] The post Top Crypto Analyst Says Three Ethereum Competitors Have More Upside Potential Than Solana appeared first on The Daily Hodl.

Top Crypto Analyst Says Three Ethereum Competitors Have More Upside Potential Than Solana

Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has risen 10.55% to $102.98. This continues its positive trend over the past week where it has experienced a 15.0% gain, moving from $89.78 to its current price.

Cryptocurrency Avalanche's Price Increased More Than 10% Within 24 hours

Amid a broader crypto market crash, AVAX, the native token of the Avalanche blockchain, is moving against the grain.

Avalanche Hits All-Time High Above $100 as DeFi Ecosystem Crosses $10B

Avalanche (CRYPTO: AVAX) shot up 6.47% to $96.45 over 24 hours Tuesday night. What's Moving?

Why Is Ethereum Rival Avalanche Soaring To New Heights Today?

On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte's new cloud-based platform leverages Avalanche in order to “improve security, speed and [the] accuracy of Federal Emergency Management Agency reimbursements.” Deloitte to Utilize Avalanche Protocol to […]

Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain

A small-cap altcoin is flying high after earning support from the global crypto exchange Binance. The liquidity protocol BENQI was built on Avalanche, and its native token QI allows holders to earn rewards and participate in project governance. Binance says of the lending and borrowing protocol, “BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi [decentralized […] The post Altcoin Built on Avalanche Surges 60% After Sudden Listing From Crypto Exchange Binance appeared first on The Daily Hodl.

Altcoin Built on Avalanche Surges 60% After Sudden Listing From Crypto Exchange Binance

Cardano

While the price of bitcoin has been volatile during the last seven days, a number of smart contract platforms have been performing far better this week. Statistics indicate that the total value locked (TVL) in decentralized finance (defi) is $267 billion and the TVL held on Ethereum commands the lion's share of this value. Ethereum […]

3 out of 4 of the Top Smart Contract Tokens Outpaced Ethereum's 12 Month Gains

Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has fallen 4.2% to $83.86. This is opposite to its positive trend over the past week where it has experienced a 11.0% gain, moving from $75.62 to its current price.

Cryptocurrency Avalanche Falls More Than 4% In 24 hours

The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there's more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset […]

Largest Stablecoin by Market Cap Tether Launches on the Avalanche Network

Tether has launched its USDT stablecoin on the Avalanche blockchain after first announcing its support in May. The post Tether launches USDT stablecoin on the Avalanche blockchain appeared first on The Block.

Tether launches USDT stablecoin on the Avalanche blockchain

Loopring

The overall market cap of cryptocurrencies crossed the $3-trillion mark on Monday, according to data from CoinGecko.

Crypto Market Cap Hits $3 Trillion; Avalanche, Loopring, Ethereum At All-Time Highs

Curve DAO Token

A widely followed crypto analyst and trader says epic rallies are on the horizon for Binance Coin (BNB), Avalanche (AVAX) and two more altcoins. Pseudonymous trader Smart Contracter tells his 178,800 Twitter followers that he believes BNB, the utility token of crypto exchange Binance, is in the midst of an uptrend that can push the […] The post Four Altcoins Including Binance Coin and Avalanche Primed To Hit the Stratosphere, According to Popular Crypto Analyst appeared first on The Daily Hodl.

News for Avalanche Crypto (AVAX)