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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.

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

CoinDesk 20 Performance Update: AVAX Gains 3.6% as Index Rallies

The program, called Retro9000, is supposed to encourage developers to build on Avalanche ahead of a much-anticipated upgrade known as Avalanche9000.

Avalanche Unveils $40M Grant Program Ahead of 'Avalanche9000' Upgrade

A dive into the success of Avalanche's BOOST campaign on its DeFi ecosystem

Research Unlock: An overview of Avalanche DeFi Ecosystem and BOOST Campaign

The price of Avalanche (AVAX) corrected upwards after breaking above the moving average lines.

Avalanche Regains Positive Momentum But Remains At $28

Bitcoin

A widely followed cryptocurrency analyst and trader believes one Ethereum (ETH) competitor is forming a bullish reversal pattern. The analyst pseudonymously known as Rekt Capital tells his 499,100 followers on the social media platform X that Avalanche (AVAX) may have reached a market bottom after a retest of a key level around $21.

Crypto Analyst Says Downtrend for Top Ethereum Rival Is Over, Maps Path Forward for Bitcoin and One AI Altcoin

The state of Avalanche reflects a broader trend, where crypto projects are struggling to find compelling use cases and maintain user interest.

Avalanche faces 70% drop in active users as C-Chain activity hits 12-month low

Avalanche targets institutional adoption as crypto projects seek use cases

The price of Avalanche (AVAX) continues to trade above the $19 support but below the $27 resistance.

Avalanche Consolidates Above $20 But Risks A Possible Decline

The tokenized fund, which is running on the Avalanche blockchain, opens ParaFi's venture strategy to a new group of investors

ParaFi Capital tokenizes portion of $1 billion venture funding on Avalanche via Securitize

The CoinDesk 20 jumped 4.2% over the weekend with all but one asset in the green.

CoinDesk 20 Performance Update: AVAX Surges 12.8%, Pushing Index Higher

Users of investment platform Republic on Avalanche will be able to buy into a slate of films, with perks including producer credits and set visits.

'Wall Street', 'American Psycho' Studio Raising Film Funding via Avalanche

The price of Avalanche (AVAX) has dropped significantly and is nearing the bottom of the chart. The altcoin has fallen to a low of $17.35 and could fall further.

Avalanche Hovers Above $20 As It Approaches A Drop

The price of Avalanche (AVAX) is falling below the moving average lines after hitting a low of $17.35 before recovering.

Avalanche Pulls Back As It Threatens To Fall Below $20

Ethereum

Chainlink

Hong Kong's HashKey Exchange has listed AVAX/USD and LINK/USD trading pairs for retail investors, the first crypto pairs beyond BTC and ETH.

HashKey Exchange lists AVAX and LINK for retail trading following bitcoin and ether

Following the hack of the Polygon Discord server, Avalanche's official X account (@avax) alerted the public that their Discord channel had also been breached. “SECURITY ALERT,” Avalanche announced. “The official Avalanche Discord has been compromised. Please do not interact with any accounts or click any links until further notice.

Avalanche Discord Compromised—Fake Token Scammers Strike Again

The price of Avalanche (AVAX) has recovered from its slump and has been driven above the moving average lines by buyers.

Avalanche Price Oscillates Below The $27 Barrier

The crypto giant Grayscale has launched a new trust for the layer-1 Ethereum (ETH) competitor Avalanche (AVAX). Rayhaneh Sharif-Askary, Grayscale's head of product and research, says Avalanche has played a “pivotal role” in advancing the adoption of real-world asset (RWA) tokenization. AVAX shot up in price by 5.

Avalanche Ticks Up in Price As Crypto Giant Grayscale Launches New AVAX Trust

AVAX leads with a 7.4% increase, closely followed by NEAR at 7.3%, lifting the index higher.

CoinDesk 20 Performance Update: AVAX and NEAR Surge as Index Climbs 1.5%

Franklin Templeton, a leading asset manager, has launched its Nasdaq-listed OnChain U.S. Government Money Fund (FOBXX) on the Avalanche blockchain.

Franklin Templeton's OnChain FOBXX Fund Now on Avalanche Network

Bitcoin also rose following dovish FOMC minutes and the Bitcoin restaking platform SatLayer raised $8 million in pre-seed funding.

The Daily: Trump endorses a crypto project, FTX-tied former congressional candidate gets charged, Grayscale's new AVAX fund and more

Crypto asset manager Grayscale Investments has launched a trust giving investors exposure to Avalanche (AVAX), joining its many other products.

Grayscale Adds to Bitcoin and Ethereum Offerings With New Avalanche Trust

Franklin Templeton has extended its blockchain initiatives by launching its tokenized U.S. Government Money Fund on the Avalanche network. This move marks another expansion of the firm's onchain financial products. Avalanche Adds Franklin Templeton's Tokenized Money Fund to Its Blockchain Ecosystem Franklin Templeton, an investment firm with $1.

Franklin Templeton Expands Tokenized Money Market Fund to Avalanche Network

The Wall Street titan's money market fund is now available on the crypto network behind AVAX.

Franklin Templeton Expands Its Blockchain Fund to Avalanche

Asset manager Franklin Templeton is bringing its OnChain U.S. Government Money Fund to Avalanche, its fourth network launch to date.

Franklin Templeton brings its tokenized money market fund to Avalanche

Grayscale Investments has expanded its portfolio by launching a new investment trust focused on Avalanche's AVAX token.

News for Avalanche Crypto (AVAX)