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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.

Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price rose 5.95% to $71.81. This continues its positive trend over the past week where it has experienced a 15.0% gain, moving from $62.68 to its current price.

Cryptocurrency Avalanche Rises More Than 5% In 24 hours

Cosmos

A prominent crypto strategist and trader is predicting new all-time highs for two explosive altcoins, while anticipating a surge in the value of Chainlink (LINK). The trader known in the industry as Inmortal tells his 72,600 followers that he's keeping a close watch on FTX Token (FTT), the utility token of crypto exchange FTX. According […] The post Crypto Analyst Predicts Fresh All-Time Highs for Two Explosive Altcoins, Says Chainlink Is Primed To Rally appeared first on The Daily Hodl.

Crypto Analyst Predicts Fresh All-Time Highs for Two Explosive Altcoins, Says Chainlink Is Primed To Rally

Cardano

Fantom

Solana

Michaël van de Poppe is sharing his updated forecast for two leading altcoins, Cardano (ADA) and XRP. In his new video, the crypto analyst says that Cardano has hit important price levels, breaching the $1.90 to $2.10 range. “I'm assuming that Cardano is quite close to being bottomed out at this stage, through which we […] The post Top Analyst Plots Path Ahead for Cardano and XRP, Says Three Altcoins Are Now Attractive After Dip appeared first on The Daily Hodl.

Top Analyst Plots Path Ahead for Cardano and XRP, Says Three Altcoins Are Now Attractive After Dip

Polkadot

Tezos

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 Layer 1 ecosystems today are continuing to evolve as they undergo network upgrades and build out DeFi and NFT infrastructure This week, we dive into Avalanche, Fantom, Tezos, and Polkadot

Layer by Layer Issue 8: Avalanche, Fantom, Tezos, and Polkadot

Bitcoin

Ethereum

On September 21, 2021, an Avalanche-based decentralized finance (defi) platform Vee Finance announced that it suffered from an incident that siphoned 8,804 ether and 213 bitcoin out of the system. The team has suspended the defi platform contracts and stressed that the stablecoins have not been “affected by the attack.” Defi Project Vee Finance Suffers […]

Avalanche Defi Platform Vee Finance Attacked — $35 Million in ETH, BTC Siphoned

Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price rose 4.44% to $65.46. This continues its positive trend over the past week where it has experienced a 25.0% gain, moving from $51.09 to its current price.

Cryptocurrency Avalanche Rises More Than 4% In 24 hours

Crypto trader and YouTube influencer Aaron Arnold is highlighting his top five altcoins as he predicts the crypto markets are about to go insane. In a new video, Arnold tells his 998,000 YouTube subscribers that he's bullish on decentralized oracle Chainlink. “Chainlink is kind of a blue-chip in what it does. No other oracle crypto […] The post These Five Altcoins Are About To Go ‘Insane,' According to Crypto Trader Aaron Arnold appeared first on The Daily Hodl.

These Five Altcoins Are About To Go ‘Insane,' According to Crypto Trader Aaron Arnold

The platform was attacked for a total of 8804.7 ETH (around $26 million) and 213.93 BTC (around $9 million).

Vee Finance Hit for $35M in Second Major Exploit on Avalanche

Sushi Swap

Crypto strategist and trader Jason Pizzino says he's keeping a close watch on Polkadot (DOT), Avalanche (AVAX) and two more crypto assets as the altcoin markets continue to flash signs of strength. In a new strategy session, Pizzino tells his 210,000 YouTube subscribers that he expects interoperable blockchain Polkadot to continue surging to around $50 […] The post Polkadot, Avalanche, and Two Additional Altcoins Are the Top Crypto Assets To Watch, Says Trader Jason Pizzino appeared first on The Daily Hodl.

Polkadot, Avalanche, and Two Additional Altcoins Are the Top Crypto Assets To Watch, Says Trader Jason Pizzino

The so-called ‘Ethereum killers' have had very different weeks, but both are surging.

Solana and Avalanche Lead Market-Wide Rally

An Ethereum competitor has surged nearly 60%, hitting its all-time high this week, even while the majority of other crypto projects have moved sideways on the price charts. The smart contract platform Avalanche (AVAX) is trading at $65.02 at time of writing, having achieved an all-time high of $68.34 at one point on Thursday, according […] The post Ethereum Competitor Announces $230,000,0000 Token Sale After Surging 80% This Week appeared first on The Daily Hodl.

Ethereum Competitor Announces $230,000,0000 Token Sale After Surging 80% This Week

The native token of the Avalanche (CRYPTO: AVAX) blockchain rallied to a new all-time high earlier today.

Avalanche (AVAX) Rallies 60% In Seven Days, Raises $230M To Jumpstart DeFi Ecosystem

Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price rose 11.36% to $66.5. This continues its positive trend over the past week where it has experienced a 38.0% gain, moving from $46.15 to its current price.

Cryptocurrency Avalanche's Price Increased More Than 11% Within 24 hours

Avalanche (CRYPTO: AVAX) a smart-contract-oriented rival of Ethereum (CRYPTO: ETH) touched an all-time high on Wednesday night but its founder is okay without a boost from celebrities like Tesla Inc (NASDAQ: TSLA) CEO Elon Musk.

Ethereum Rival Avalanche Hits All-Time High: Here's Why Its Founder Doesn't Want Elon Musk's Help In Boosting The Price

Avalanche, a smart contract-enabled cryptocurrency, has received a $230 million investment from a group of VC companies. The funding round, which is being described as a private sale, was led by Polychain and Three Arrows Capital, with the participation of other companies. This investment will give these companies participation in on-chain Avalanche governance and exposure […]

Avalanche Pulls Down $230 Million Investment Led by Polychain and Three Arrows Capital

“We're going after the users,” said Kyber Network co-founder Loi Luu.

Kyber DEX Launches on Avalanche With $5.8M Liquidity Mining Program

AVAX is rising quickly, and a token sale led by Polychain and Three Arrows apparently yielded a new peak.

Ethereum Rival Avalanche Hits All-Time High Following $230M Token Sale

Proof-of-stake blockchain platform Avalanche has raised $230 million in a token sale to institutional investors. The post Polychain and Three Arrows Capital lead $230 million investment in Avalanche appeared first on The Block.

Polychain and Three Arrows Capital lead $230 million investment in Avalanche

The major raise will be used to inject liquidity into Avalanche-based DeFi platforms.

Polychain Capital, Three Arrows Lead $230M Investment in Avalanche Ecosystem

Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore […]

Zabu Finance Suffers First Big Exploit in Avalanche Defi, Loses $3.2 Million

Two Ethereum competitors have demonstrated explosive growth in terms of developer activity in the past year, according to a new study. New research from early-stage venture capital Outlier Ventures gathered data on repository hosting service GitHub to track developer activity across the top 50 blockchain protocols. According to the report, the smart contract platforms Cardano […] The post Cardano and Avalanche Show Explosive Growth in Developer Activity, According to New Study appeared first on The Daily Hodl.

Cardano and Avalanche Show Explosive Growth in Developer Activity, According to New Study

Over the past 24 hours, Avalanche's (CRYPTO: AVAX) price has fallen 16.83% to $53.14. This is opposite to its positive trend over the past week where it has experienced a 13.0% gain, moving from $46.84 to its current price.

Cryptocurrency Avalanche Decreases More Than 16% Within 24 hours

The attacker used Zabu's “Transfer Tax” mechanism to mint tokens, sending their value to zero.

Avalanche-Based Zabu Finance Exploited in $3.2M Hack

Avalanche and Polkadot rose through the ranks today.

Avalanche and Polkadot Surge Despite Low Global Trading Volumes

It's already on Ethereum, Polygon and Binance Smart Chain. Now ParaSwap is expanding to Avalanche – with incentivized products in the works.

News for Avalanche Crypto (AVAX)