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.

Avalanche-based DeFi protocol Trader Joe has raised $5 million in token sale from Three Arrows Capital and other investors. The post Avalanche-based DeFi protocol Trader Joe raises $5 million from Three Arrows Capital and others appeared first on The Block.

Avalanche-based DeFi protocol Trader Joe raises $5 million from Three Arrows Capital and others

The American firm that manufactures chewing gum, candy, and collectibles, The Topps Company Inc., has announced the launch of the 2021 Topps MLB Inception NFT collection. Furthermore, Topps is now leveraging the Avalanche blockchain for NFTs after the company was using the Wax blockchain for projects like the Garbage Pail Kids and Godzilla series. Topps […]

Topps Unveils New MLB Inception NFTs — Firm's NFT Series Now Minted on the Avalanche Blockchain

New Major League Baseball trading card NFTs are releasing in September, but they're different from the last set.

Topps Reveals New MLB NFT Cards Amid Move From WAX to Avalanche

Quick Take Avalanche (AVAX) is an open and programmable platform for creating custom blockchain networks and decentralized finance applications.  The Series A was funded by prominent venture capital firms including a16z (Andreeson Horowitz), Initialized Capital, and Polychain in February 19 and has since raised $60 million to date. The Block has identified 213 projects and companies across 11 different verticals currently expanding on its ecosystem. Given the recent surge in popularity of Avalanche, The Block has updated our previous ecosystem map of Avalanche.

UPDATED: Mapping out Avalanche's ecosystem

Terra

Solana

A slew of smart contract platforms have been surging in price over the past 30 days, and blockchain analytics firm Glassnode is digging into the metrics to determine whether or not any of these platforms can compete with Ethereum (ETH) in the future. Avalanche (AVAX), Solana (SOL), and Terra (LUNA) have all exploded over the […] The post Can These Surging Altcoins Compete With Ethereum? Glassnode Analyzes Three Growing Platforms appeared first on The Daily Hodl.

Can These Surging Altcoins Compete With Ethereum? Glassnode Analyzes Three Growing Platforms

Over the past 24 hours, Avalanche's price has fallen 12.31% to $44.43. This is opposite to its positive trend over the past week where it has experienced a 46.0% gain, moving from $30.36 to its current price.

Cryptocurrency Avalanche Decreases More Than 12% Within 24 hours

Several major tokens from the top 100 dipped deeper than their peers amid a becalmed cryptocurrency market.

Avalanche, Terra, ThorChain Hit by Midweek Market Slump

The total value locked in Avalanche's DeFi ecosystem has swelled to $1.8 billion in the last month. Here's why.

Can Avalanche Keep It Up? DeFi Users Rush In as Incentives Roll Out

The price of AVAX has surged after popular DeFi protocols Aave and Curve Finance joined the “Avalanche Rush” program last week.

Avalanche up 113% Since Launch of $180 Million Incentive Program

Five red-hot cryptocurrencies all with a market capitalization between $250 million and $8 billion have registered triple-digit percentage gains within seven days. First up is the utility token of Bitfrost's (BFC) multichain ecosystem. The altcoin has surged by 268% after rising from a seven-day low of $0.19 to a high of $0.70, according to CoinGecko. […] The post Five Red-Hot Altcoins Record Gains of 138% or More Within One Week appeared first on The Daily Hodl.

Five Red-Hot Altcoins Record Gains of 138% or More Within One Week

Sushi Swap

SushiSwap is the latest DeFi project to join Avalanche Rush.

DeFi AMM SushiSwap Builds on Avalanche as Part of $180M Incentive Program

The price of AVAX, the token of the Avalanche smart contracts platform, has doubled this week, reaching a recent high of $33.7 early Thursday morning.

Avalanche's AVAX Token Doubles In Price In One Week Amidst Continued Altcoin Rally, While Bitcoin And Ether Post Small Losses

Aave

As Avalanche extends its DeFi offering, the price of its native token has soared by an impressive 40% over the day.

Avalanche Hits Three-Month High With Aave, Curve's $180M Launch on Platform

Just in the past month, the AVAX price has more than doubled according to data from Messari.

Avalanche's AVAX Token Jumps on $180M Incentive Program

The Avalanche Foundation, the organization behind the Avalanche blockchain, has kicked off a new incentive program under the title Avalanche Rush. The post Avalanche launches $180 million DeFi incentive scheme with Aave and Curve appeared first on The Block.

Avalanche launches $180 million DeFi incentive scheme with Aave and Curve

Polkadot

Fantom

Tezos

Quick Take This continuing series breaks down some of the latest developments from L1 chains, from DeFi and bridges to network activity and funding In week 4 of Layer by Layer, we look at Avalanche, Tezos, Fantom, and Polkadot

Layer by Layer Week 4: Update on Avalanche, Tezos, Fantom, and Polkadot

August 10, 2021 – New York, New York BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on August 19, 2021 and the next phase of growth within Avalanche's DeFi ecosystem. Three million dollars of AVAX will be […] The post BENQI and Avalanche Launch $3 Million Liquidity Mining Initiative To Accelerate DeFi Growth appeared first on The Daily Hodl.

BENQI and Avalanche Launch $3 Million Liquidity Mining Initiative To Accelerate DeFi Growth

Algorand

Quick Take Layer 1 blockchains have seen significant growth and usage over the past year This continuing series breaks down some of the latest developments from L1 chains, from DeFi and bridges to network activity and funding This week, we look at Tezos, Fantom, Avalanche, Algorand, and Polkadot

Layer by Layer: An update on Tezos, Fantom, Avalanche, Algorand, and Polkadot

Chainlink

More than 225 projects building on Avalanche are waiting for price feeds, said Ava Labs President John Wu.

Chainlink Integration Looks to Catalyze DeFi Development on Avalanche

Cardano

Polygon

Popular crypto trader Austin Arnold says seven altcoin crypto assets have tremendous potential to make gains in the near future. Arnold tells his 751,000 YouTube subscribers that he's excited about Cardano, citing news that Cardano's ERC20 converter is getting close to its testnet phase. “This is huge for Cardano… but this speaks even more so […] The post Elite Group of Seven Crypto Assets Have ‘Insane Potential,' According to Trader Austin Arnold appeared first on The Daily Hodl.

Elite Group of Seven Crypto Assets Have ‘Insane Potential,' According to Trader Austin Arnold

The blockchain company Tether has announced it will make available its stablecoin token as a native asset in Avalanche, a smart contract platform that has picked steam in the last year. Avalanche has a growing decentralized finance (defi) ecosystem, so this launch will most likely improve its state, providing users an official and safe way […]

Tether to Launch USDT Natively on Avalanche

May 18, 2021 – New York, New York BENQI, an algorithmic money market protocol built on Avalanche's C-Chain, is integrating Chainlink price feeds to ensure security of its protocol and resilience against flash loan attacks. Using secure oracles is a key component for creating secure lending protocols, which rely on external price sources to determine […] The post BENQI Integrates Chainlink Price Feeds on Avalanche Mainnet To Secure Lending Protocol appeared first on The Daily Hodl.

BENQI Integrates Chainlink Price Feeds on Avalanche Mainnet To Secure Lending Protocol

Stablecoin issuer Tether is set to launch its USDT token on Avalanche, making it the ninth blockchain network it operates on. The post Tether is launching on the Avalanche blockchain appeared first on The Block.

Tether is launching on the Avalanche blockchain

Ethereum

A closely-followed crypto analyst and investor is keeping a close watch on Cardano and four red-hot crypto assets that he says are jostling to move to greater heights. In a new strategy session, Benjamin Cowen tells his 392,000 Youtube subscribers that Cardano (ADA/USD) can potentially double its value after the fourth-largest crypto asset ignited a […] The post Here's What Could Be Next for Cardano and Four Surging Altcoins, According to Trader Benjamin Cowen appeared first on The Daily Hodl.

Here's What Could Be Next for Cardano and Four Surging Altcoins, According to Trader Benjamin Cowen

Popular analyst and trader Michaël van de Poppe is providing his take on the latest market correction while naming a set of altcoins that have caught his attention. Although the market is down amid news that Tesla will stop accepting Bitcoin as payment until the cryptocurrency meets the company's energy efficiency standards, Van de Poppe […] The post Analyst Names Top Crypto Assets Beyond Ethereum, Says Bitcoin Remain Bullish Despite Pullback appeared first on The Daily Hodl.

News for Avalanche Crypto (AVAX)