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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 (CDI) presents its bi-weekly market update, highlighting the performance of leaders and laggards in the benchmark CoinDesk 20 Index (CD20) and the broad CoinDesk Market Index (CMI).

AVAX's 28% Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update

Nexon Group announced its partnership with Ava Labs to launch its online role-playing game MapleStory on the Avalanche network.

Iconic MMORPG MapleStory moves to Web3 with Avalanche

Cosmos

Solana

More than 200,000 wallets are eligible for the SAGA token claim across chains following a play-to-airdrop campaign.

Saga Gaming Token Airdrop Begins Across Avalanche, Cosmos, and Solana

Teleporter aims to unify Avalanche's network of application-specific chains, addressing network fragmentation.

Avalanche releases Durango upgrade, unveils ‘Teleporter' to boost subnet interoperability

A widely followed cryptocurrency analyst and trader is forecasting the path forward for three crypto assets.

Analyst Says Ethereum Rival Could Skyrocket by Over 130%, Updates Outlook on Dogecoin and Solana

Digital assets manager CoinShares says institutions poured $598 million into crypto investment products last week for a fourth consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products are nearing the $6 billion mark.

Avalanche of Institutional Capital Enters Crypto Markets in Fourth Straight Week of Inflows: CoinShares

Prominent layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour network outage. According to Avalanche data-tracking platform Avalanche Status, the blockchain went through an outage that prevented blocks from being accepted on its primary network.

Ethereum Competitor Avalanche (AVAX) Suffers Five-Hour Network Outage

Bitcoin

Celestia

A popular crypto trader believes one recently launched gaming altcoin has a lot of upside potential. The pseudonymous analyst known as Altcoin Sherpa tells his 207,800 followers on the social media platform X that the Web3 gaming altcoin Pixels (PIXEL) will likely bounce from its current value.

Analyst Predicts Brand New Altcoin Will ‘Do Pretty Well', Updates Outlook on Bitcoin, Avalanche and Celestia

The Avalanche blockchain has encountered a disruption due to a “stall in block finalization.” AVA Labs' co-founder, Kevin Sekniqi, suggested that the problem might stem from a recent surge in inscriptions.

Avalanche Blockchain Faces Outage Amid Inscription Wave: AVA Labs Investigates

The suspected “esoteric bug” has not helped AVAX performance, which is down for the fifth day in a row this week.

AVAX Dips as Avalanche Network Faces Block Production Halt

Layer-1 network Avalanche has failed to produce a block for more than an hour, Ava Labs co-founder Kevin Sekniqi said the issue "seems to be related to a new inscription wave."

Avalanche Suffers Outage, Fails to Produce Block for Almost Two Hours

The last block on the Avalanche C-Chain appears to have been more than an hour ago, according to on-chain data.

Avalanche confirms block finalization stall, developers currently investigating

Avalanche (AVAX) dipped over 3% this week, even as the rest of the crypto market saw gains.

Avalanche (AVAX) Dips Ahead of Token Unlock Worth $365M

Avalanche's AVAX was one of the few crypto assets that dipped in price over the past week as the token will undergo a $365 million unlocking event scheduled this week.

Avalanche's AVAX Underperforms Ahead of $365M Token Unlock

The host of the Coin Bureau YouTube channel, Guy Turner, is expressing bullish sentiment on one blue-chip Ethereum (ETH) competitor. In a new video, Turner tells the 2.41 million subscribers of the Coin Bureau YouTube channel that one of the major narratives that will drive the next bull market is the tokenization of real-world assets.

Ethereum Rival That's Exploded 350% in Four Months Could Skyrocket by up to 7x, Says Coin Bureau's Guy Turner

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

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

NEAR Protocol

dogwifhat

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

The Sandbox

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

Optimism

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

News for Avalanche Crypto (AVAX)