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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.

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

Dogecoin

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.

Popular Crypto Analyst Issues Alert for Shiba Inu, Predicts Rallies for Dogecoin and Two Additional Altcoins

Ethereum

Sushi Swap

A widely followed crypto analyst is predicting epic rallies for a trio of altcoins that includes smart contract platforms Ethereum (ETH) and Avalanche (AVAX).

Top Crypto Strategist Forecasts Massive Rallies for Ethereum, Avalanche and One Red-Hot Altcoin – Here Are His Targets

Avalanche rallied to a four-week high on Friday, as prices moved close to a key resistance level. The token hit a ceiling of $17.70 earlier in today's session, which comes following several days of gains. Dogecoin also maintained recent sentiment, as prices climbed for a fourth straight day.

Biggest Movers: AVAX Hits 1-Month High, DOGE Maintains Bullish Momentum

NEAR Protocol

Widely followed crypto analyst Michaël van de Poppe says rallies are imminent for Ethereum (ETH) challenger Avalanche (AVAX) and decentralized derivatives exchange protocol Injective (INJ).

Analyst Predicts Reversal for Top Ethereum Competitor, Says One-Red Hot Altcoin About To End Corrective Move

Avalanche's Banff upgrade has given subnet creators more customization and control over their own ecosystems. The post Avalanche subnets can now let validators stake using the subnet's token appeared first on The Block.

Avalanche subnets can now let validators stake using the subnet's token

Cardano

Solana

As the crypto bear market's grip tightens, several major Layer-1 coins are down heavily in the last seven days.

Layer-1 Blockchains Solana, Cardano, Avalanche Down 8% Over the Week

The largest NFT marketplace now offers art on seven blockchains, including the “smol” world of Avalanche.

OpenSea Adds Avalanche NFT Support

The new support for Avalanche brings the number of available blockchains on OpenSea to seven. The post OpenSea launches support for Avalanche appeared first on The Block.

OpenSea launches support for Avalanche

Polygon

Optimism

October 11, 2022 – Zug, Switzerland Have a blockchain DApp ready to integrate the most state-of-the-art oracle? Sign up for Supra's Network Activation Program (SNAP) for the opportunity to receive free oracle and VRF/RNG credits before the list is full.

SupraOracles Goes Live on Ethereum, Polygon, Aptos and Four Other Layer One Blockchain Testnets

US-based crypto exchange giant Coinbase is adding the first ever Avalanche (AVAX)-based token on its roster of altcoins. The largest digital assets exchange in the US announces that it will support trading for Pangolin (PNG) starting October 6th once liquidity conditions are met.

Avalanche (AXAX) Decentralized Exchange Altcoin Skyockets After Coinbase Listing Announcement

Tezos

The CME Group will expand its crypto reference rates from the end of October in partnership with CF Benchmarks. The post CME Group set to launch three new crypto reference rates later this month appeared first on The Block.

CME Group set to launch three new crypto reference rates later this month

Customers of the trading giant Robinhood can now execute external transfers of the Ethereum (ETH) competitor Avalanche (AVAX). Robinhood first launched crypto transfers in and out of its platform in July, adding trading support for AVAX and XRP rival Stellar (XLM) last month and unlocking transfers for Avalanche on Thursday. AVAX is trading at $17.

Trading Giant Robinhood Enables Transfers for Recently Listed Ethereum (ETH) Challenger

Algorand

Polkadot

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 Cross-chain technologies remain an important area of focus for core blockchain teams as they continue their preparation for the next generation of crypto users In the Polkadot ecosystem, liquid-staking is slowly gaining traction as the amount of staked DOT has declined in recent months. Algorand takes a step toward greater interoperability with the release of state proofs. On Avalanche, developers deal with a potential exploit arising from a custom EVM implementation

Layer by Layer Issue 47: Polkadot, Algorand, and Avalanche

Space and Time aims to be the leading decentralized solution for fast and secure data processing for enterprise businesses.

Microsoft Leads $20M Strategic Round in Web3 Data Warehouse Space and Time

Cosmos

Litecoin

A widely followed crypto strategist is plotting what's in store for a handful of digital assets amid uncertain market conditions. Analyst Michaël van de Poppe tells his 628,100 Twitter followers that he believes smart contract platform Cardano (ADA) is in an accumulation phase as it continues to trade above his key support level.

Here's What's Next for Cardano, Avalanche, Cosmos and Litecoin, According to Analyst Michaël van de Poppe

The US-based crypto exchange PayBito has extended its crypto asset list by adding EOS, and AVAX boosting the trading possibilities for digital assets investors. PALO ALTO, Calif.

Global Crypto Exchange PayBito Adds EOS, and Avalanche (AVAX) to Its Coin List

On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the proof-of-stake (PoS) network Avalanche. According to the Boba Network team, the new Avalanche support will produce “faster transactions and lower fees.

Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees'

A widely followed crypto analyst is issuing fresh warnings for a trio of altcoins as the markets attempts to recover from a lengthy downtrend.

Crypto Analyst Issues Warnings for Avalanche (AVAX), Polygon (MATIC) and One Additional Altcoin

 Layer-2 scaling solution Boba Network has expanded its support to the Avalanche blockchain. The post Layer 2 solution Boba Network integrates with Avalanche appeared first on The Block.

Layer 2 solution Boba Network integrates with Avalanche

Neobank Revolut has expanded its crypto investment offering, adding 29 new tokens for its American customers. The post Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin appeared first on The Block.

Revolut expands U.S. crypto offering, adding 29 tokens including dogecoin

Crypto exchange Binance has expanded its BUSD stablecoin to the Ethereum scaler Polygon and the speedy layer-1 blockchain Avalanche.

Binance Expands Stablecoin BUSD to Polygon, Avalanche

Macro guru and former co-head of hedge fund sales in equities and equity derivatives at Goldman Sachs, Raoul Pal, is previewing what type of altcoins could outperform the second-largest crypto asset by market after the Ethereum (ETH) merge.

News for Avalanche Crypto (AVAX)