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.

A recent survey found that PayPal's stablecoin is among those with the highest corporate adoption rates.

PayPal Stablecoin Tops $1.3 Billion as PYUSD Expands to Tron, Avalanche

The LayerZero-enabled version, PYUSD0, remains “fully fungible” with native PYUSD, extending the stablecoin to additional blockchains.

PayPal's PYUSD stablecoin expands to Tron, Avalanche, Sei and other blockchains via LayerZero

Polkadot

Major cryptocurrencies, including bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL) and others, are trading on the front foot following Wednesday's interest-rate cut by the Federal Reserve.

Crypto Markets Today: BNB, AVAX and DOT Lead Futures Trends

Asia's stablecoin race is hotting up as South Korea joins the fray with its first fully regulated won–backed stablecoin.

BDACS, Woori Bank Launch South Korea's First Won-Backed Stablecoin on Avalanche

Coinidol.com Avalanche price analysis: AVAX has been trending sideways below the $31 barrier since September 13.

Avalanche 's Surge Pauses Below The $31 Barrier

Avalanche and Hyperliquid led gains on Wednesday as Bitcoin steadied near $117,000 after the Fed's widely anticipated rate cut.

Avalanche and Hyperliquid Lead Crypto Rally Post-Fed Rate Cut

The launch remains in a PoC stage and is not publicly circulated, as the regulations around stablecoins remain unclear in South Korea.

South Korea's first won-pegged stablecoin KRW1 launches on Avalanche

Bonk

Basis trading products may face "more scrutiny" while AVAX ETF gets the highest approval odds, analysts told Decrypt.

Avalanche, Sui, and Bonk ETFs Test SEC as Issuers Push Into Riskier Territory

Dogecoin

Bitwise on Monday filed paperwork for an Avalanche ETF with the SEC, just as other altcoin funds are expected to debut this week.

Bitwise Files for Avalanche ETF Ahead of US XRP, Dogecoin Fund Debuts

Solana

Ava Labs, the main developer firm behind the Avalanche blockchain, shared Wednesday that it had appointed Arielle Pennington as their senior vice president of growth.

Solana Veteran Joins Ava Labs to Spearhead Avalanche Growth

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.

CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 4.6% as Index Moves Higher

The Avalanche Foundation appointed Chris Holmes, a Conservative member of the House of Lords and a longtime technology policy advocate, to its board of directors, the company said Tuesday.

Avalanche Foundation Adds U.K. Lawmaker Chris Holmes to Board

The biggest tokens traded sluggishly as traders awaited Wednesday's Federal Reserve meeting. Solana's sol (SOL) stood out with near-record open interest in the CME-listed futures.

Crypto Market Today: IMX, AVAX, HASH Rally as Majors Trade Little Changed

Earlier this month the company registered an Avalanche trust in Delaware, a preliminary step toward launching the product.

Crypto asset manager Bitwise files S-1 for Avalanche ETF

﻿The price of Avalanche (AVAX) has recovered above the moving average lines and reached a high of $28.85.

Avalanche (AVAX) Oscillates Below The $30 Mark

Bitcoin

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: Dormant bitcoin whale wakes up after $5K to $50M move, Avalanche Foundation eyes $1B raise for AVAX treasury firms, and more

Avalanche Foundation is in talks to set up two U.S. cryptocurrency-treasury vehicles that aim to raise about $1 billion to buy AVAX, the native token of the Avalanche network, according to the latest report from the Financial Times (FT).

Report: Avalanche Foundation Seeks $1B for US Crypto-Treasury Vehicles

The Avalanche Foundation aims to raise $1 billion to create two crypto treasury companies holding millions of AVAX tokens, the Financial Times reported on Thursday.

Avalanche Foundation Eyes $1B Raise to Fund Two Crypto Treasury Companies: FT

The Avalanche (CRYPTO: AVAX) Foundation, a non-profit organization dedicated to advancing the namesake blockchain, plans to establish two cryptocurrency treasury companies in the U.S., according to a report published Wednesday. An AVAX Treasury Worth A Billion?

Anthony Scaramucci-Supported Avalanche Network Reportedly Raising $1 Billion For AVAX-Focused Crypto Treasury

The two companies will reportedly use the proceeds to purchase AVAX cryptocurrency from the foundation at a discounted price.

Avalanche Foundation eyes $1 billion to set up AVAX treasury firms in US: FT

CoinDesk 20 Performance Update: Avalanche (AVAX) Rises 6.6% as Index Climbs Higher

Ethereum

Bitcoin (CRYPTO: BTC) holding above $112,000 has market commentators speculating if it can defend key support levels for a potential Q4 rally. What Happened: In his latest podcast, prominent analyst Benjamin Cowen expects Bitcoin to hold its bull market support band near $110,000 through September, despite the month historically showing weakness.

Bitcoin To Hold $110,000 Through September, Analyst Says—What About Ethereum, XRP, AVAX?

The price of Avalanche (AVAX) is moving upwards while moving sideways.

Avalanche Collapses To Its Range Above $23

CoinDesk 20 Performance Update: Avalanche (AVAX) Gains 5.2% as Nearly All Assets Rise

The price of Avalanche (AVAX) is falling while it is in a sideways trend at the bottom of the chart.

News for Avalanche Crypto (AVAX)