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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 bank plans to start conducting experiments in the second half of this year for a potential stablecoin launch in 2026.

Japan's second-largest bank SMBC eyes stablecoin launch with Ava Labs: Nikkei

The price of Avalanche (AVAX) has been fluctuating since the end of its downtrend on March 10.

Avalanche Falls To $15.28 In The Oversold Area Of The Market

Digital asset management giant Grayscale hopes to launch an Avalanche (AVAX) exchange-traded fund (ETF) in the US. The Nasdaq Stock Market submitted a proposal this week to the U.S.

Nasdaq Files To Launch a New Grayscale Avalanche (AVAX) Exchange-Traded Fund

The application comes as issuers aim to launch funds tracking a range of altcoins.

NASDAQ Exchange Submits Filing to List Grayscale AVAX ETF

The global electronic stock exchange and marketplace Nasdaq has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to list Grayscale Avalanche Trust (AVAX), a spot ETF tracking the Avalanche blockchain's native token, marking a pivotal step toward expanding crypto-based exchange-traded products (ETPs).

Grayscale's AVAX Trust Seeks Nasdaq Listing in New SEC Filing

Grayscale follows VanEck in seeking the SEC's approval to launch an Avalanche ETF alongside a slew of recent crypto fund proposals.

Nasdaq files 19b-4 with SEC to list and trade shares of Grayscale's proposed Avalanche ETF

If approved, the ETF would provide investors with a path to access AVAX through conventional brokerage accounts.

Grayscale Files for Spot Avalanche ETF on Nasdaq

The price of Avalanche (AVAX) has rallied from its low of $15.00 on Feb. 3 to its low on March 10 before rebounding.

Avalanche Is In A Range-Bound Mode Above

Polkadot (DOT) was also an underperformer, declining 3.7%.

CoinDesk 20 Performance Update: Avalanche (AVAX) Drops 4.5%, Leading Index Lower

Litecoin

Cardano

Chainlink

Solana

Uniswap

The proposed amendment would include various cryptocurrencies in the in the Hashdex Nasdaq Crypto Index US ETF.

Hashdex Seeks to Expand U.S. Crypto ETF to Include Litecoin, XRP and Other Altcoins

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT).

President Trump's World Liberty Financial Purchases More Crypto As Total Losses Hits $118,000,000: On-Chain Data

Asset manager Vaneck has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Vaneck Avalanche ETF, a first-of-its-kind fund designed to track the market price of AVAX, the native token of the Avalanche blockchain.

Vaneck's New ETF Proposal Aims to Bring Avalanche's AVAX to Traditional Markets

VanEck filed for an exchange-traded fund on Friday that will track the price of Avalanche's avax coin, as asset managers seek to capitalize on the growing interest in cryptocurrencies beyond bitcoin.

Asset manager VanEck files for Avalanche ETF as altcoin rush heats up

Fund manager VanEck is looking to get the U.S. Securities and Exchange Commission's sign off to launch an AVAX exchange-traded fund.

VanEck looks to get SEC's greenlight for first AVAX ETF

Selling pressure on Avalanche (AVAX) has eased at the bottom of the chart.

Avalanche Corrects Upwards, But Struggles Below $20

The global investment management giant VanEck has filed for a new Avalanche (AVAX) exchange-traded fund (ETF) in the US. Documents submitted to the state of Delaware this week hint at the new possible ETF, which presumably would be tied to the price of the Ethereum (ETH) layer-1 rival.

Asset Management Giant VanEck Files for Avalanche (AVAX) ETF in Delaware

Bloomberg analysts recently estimated Litecoin ETFs have the highest chance of approval, followed by Dogecoin and Solana products.

Franklin Templeton joins XRP race and VanEck eyes AVAX fund amid altcoin ETF craze

With its interoperable blockchains, Avalanche was once viewed as an “Ethereum Killer.”

Altcoin ETF Avalanche? VanEck Registers for AVAX Fund in Delaware

The New York-headquartered company registered the "VanEck Avalanche ETF" on March 10

VanEck Registers Avalanche ETF in Delaware as Altcoin Fund Registry Heats Up

Ava Labs' bid to bring the automated market maker Balancer onto Avalanche appears set to go through, according to a vote snapshot on Monday.

Balancer V3 expands to Avalanche following governance vote

Bitcoin

Dogecoin

Bitcoin's valuation persists in its downward trajectory, briefly grazing an intraday low of $82,201 per coin amid a 4.4% depreciation against the U.S. dollar within 24 hours. Among the top ten cryptocurrencies by market capitalization, dogecoin (DOGE) distinguished itself as the most pronounced decliner, surrendering 12.8% of its worth.

Bitcoin's Slide Sparks Altcoin Avalanche: PI, Dogecoin, XRP Post Brutal Losses

Avalanche (AVAX) has fallen below the expected $20.76 level twice before rebounding.

Avalanche Starts To Drift Sideways Above $20

Blockchain scaling solutions have undergone continuous evolution in recent years. For some time, the prevailing view was that the two most viable paths to mass adoption were modular and monolithic architectures. In a modular approach, scaling would rely on rollups and data availability layers built around a single settlement layer.

Avalanche: A New Framework for L1 Development

The price of Avalanche (AVAX) has fallen to the bottom of the chart. Price analysis by Coinidol.com.

Avalanche Price Crashes And Approaches $15 Low

Polkadot (DOT) was also a top performer, gaining 8.1% from Wednesday.

News for Avalanche Crypto (AVAX)