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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.

Citi, in alliance with Wellington Management, Wisdomtree, and ABN AMRO, completed a proof of concept for the tokenization of a private fund on top of the Avalanche blockchain.

Citi Completes Private Market Tokenization Test Using Avalanche

Citigroup, alongside other financial institutions like Wellington Management, ABN AMRO and WisdomTree, has completed a successful proof-of-concept for tokenizing private equity funds.

Citi Partners With Ava Labs To Complete Proof-of-Concept for Tokenizing Private Equity Funds

Bitcoin

A widely followed crypto trader believes that a trio of altcoins are gearing up for big moves to the upside.

Trader Predicts Big Surge for Bitcoin Ecosystem Altcoin and Two Additional Crypto Assets – Here Are His Targets

The tech trial will make the financial titan the second major bank to tinker with AVAX.

When Citi Met AVAX: Banking Giant Taps Avalanche for Tokenization Pilot

The firm tested a variety of use cases through Avalanche's subnet with a focus on private markets.

Citi Bank Tests Tokenization of Private Equity Funds on Avalanche

Solana

A closely followed crypto strategist says he's gobbling up seven altcoins as he believes the markets are about to enter a bull market cycle similar to the parabolic rally witnessed in mid-2020.

Top Trader Abruptly Accumulates Seven Crypto Assets, Says ‘Craziness Period' Similar to 2020 Bull Cycle Ahead

Ethereum

A closely followed crypto strategist believes that Ethereum (ETH) is now in an uptrend after a lengthy period of accumulation.

Crypto Trader Says Ethereum Accumulation Phase Now Over, Predicts Rally for ETH Rival

Major cryptocurrencies traded in the green on late Friday evening, propelled by the spot Bitcoin ETF inflows, which recorded its third-best inflow day following the approval. Cryptocurrency Gains +/- Price (Recorded 8:45 a.m.

Bitcoin Tastes $48,000 As Ethereum And Avalanche Follow, Led By Record ETF Asset Inflows: The Week In Retrospect

Hundreds of millions of dollars worth of crypto tokens are set to flood onto the market this month for the first time.

Major Token Unlocks Coming for Aptos, Sandbox, Avalanche and More in February

February is poised to witness a series of significant token unlocks and airdrops.

$800M in Unlocks From Avalanche, Aptos, Optimism and More in February

Get a head start on February's token unlocks with our comprehensive breakdown of all you need to know.

February will see $800 million of unlocks from Avalanche, Optimism, Aptos and more

Avalanche (CRYPTO: AVAX) surged by 7% in Friday's trading session, joining the altcoin rally ahead of its largest token unlock scheduled for the last week of February. What Happened: Token Unlocks data reveals that on Feb. 22, 9.5 million AVAX, equivalent to around $322 million at current prices, will be unlocked.

Avalanche Up 7% On The Day, Part Of Former White House Staff Portfolio: 'High-Quality Great Core Asset'

Altcoins' consistent positive performance over the past six days is boosting optimism and setting up bitcoin to test $46,000, one analyst said.

SOL, AVAX Lead Crypto-Market Recovery, Bitcoin Tops 50-Day Average Before Fed Meeting

Dogecoin

Currently positioned in the 10th spot with a valuation of $11.32 billion, Dogecoin (CRYPTO: DOGE) is trailing far behind Avalanche's (CRYPTO: AVAX) $12.94 billion market cap, with a $1.62 million gap that separates them. What Happened: Last week brought positive vibes for Dogecoin enthusiasts, with the meme cryptocurrency climbing up to 12% and then slightly pulling back, following a buzz around an @xpayments account on the X, which sparked excitement for potential adoption within the crypto community.

Can Dogecoin Flip Avalanche And Retake The No. 9 Marketcap Spot Again?

Ava Labs provided details about its scaling solution Vryx as part of plans to enable Avalanche to support 100,000 transactions per second.

Ava Labs outlines scaling solution Vryx in plan for Avalanche to reach 100,000 TPS

The Avalanche Foundation, a non-profit organization seeking to support the avalanche ecosystem, has announced the rules covering its already active meme coin purchasing program.

Avalanche Announces Eligibility Criteria for Meme Coin Purchasing Program

The Avalanche Foundation says it is funding select memecoins, non-fungible tokens (NFTs) and other similar crypto assets through its Culture Catalyst program. In 2022, the non-profit organization behind the layer-1 blockchain Avalanche (AVAX) launched the Culture Catalyst initiative to support community coins created for culture and engagement.

Avalanche Foundation Release Eligibility Criteria for $100,000,000 Memecoin Fund

The Avalanche (CRYPTO: AVAX) foundation announced the eligibility criteria it has set for community coins, which it will consider supporting. The announcement triggered AVAX to move 4% higher.

Avalanche Announces Criteria For $100M Memecoin Purchases, AVAX Tokens Surge

The Avalanche Foundation, the non-profit organization overseeing the development of the Avalanche network, has announced the criteria for selecting meme coins.

Avalanche Foundation Reveals Memecoin Selection Criteria in $100 million Culture Catalyst Program

The Avalanche Foundation is investing in meme coins via a "Culture Catalyst" fund. Here's how they're picking tokens.

Meme Scheme: How Avalanche Is Picking Which Meme Coins to Buy

Masa Network has raised $5.4 million in a seed funding round to build a decentralized network on Avalanche focused on personal data.

Masa raises $5.4 million in seed funding to build a personal data network on Avalanche

Not all meme coins are created equal. If they're to get bought up by the Avalanche Foundation, their creators will have to follow some rules.

Avalanche Foundation Puts Rules on Plans to Buy Meme Coins

Over half of the profits accumulated by short-term bitcoin holders have been wiped out, Bitfinex analysts said in a Tuesday note.

Solana, Avalanche Tokens Slide as Bitcoin Traders Target Eye Support at $38K

Negative buzz around Dwight Howard's collection, Ballers, was so bad that Ava Labs distanced itself from the collection on Sunday.

Air Ball: NBA Star Dwight Howard's Avalanche NFTs Are a Huge Miss

The latest statistics indicate a further decline in non-fungible token (NFT) sales this week, showing a 5.05% decrease compared to the previous week. Sales of NFTs reached $297 million, with Ethereum leading the way this week. Ethereum's sales amounted to $106 million, overtaking Bitcoin's $70 million in sales over the same seven-day period.

News for Avalanche Crypto (AVAX)