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.

Crypto asset manager Grayscale submitted a registration statement for its Avalanche Trust, seeking to "uplist" the investment vehicle.

Grayscale Files to Convert Avalanche Trust to ETF

Grayscale Investments has filed paperwork with the U.S. Securities and Exchange Commission (SEC) to launch a spot Avalanche exchange-traded fund (ETF). The proposed Grayscale Avalanche Trust ETF would trade on the Nasdaq Stock Market under the ticker “AVAX.

Grayscale Pushes for Avalanche ETF Listing on Nasdaq

Grayscale is moving ahead with its plans to turn its Avalanche (AVAX) Trust into a spot exchange-traded fund (ETF), filing an S-1 registration statement with the U.S. Securities and Exchange Commission on Friday.

Grayscale Moves to Convert Avalanche Trust Into Spot ETF

Grayscale filed an S-1 with the SEC on Aug. 22 to convert its Avalanche Trust into a publicly traded spot AVAX ETF on Nasdaq.

Grayscale files S-1 with SEC to convert Avalanche Trust into spot AVAX ETF

Toyota Blockchain Lab, in partnership with Ava Labs, has rolled out a technical white paper introducing the Mobility Orchestration Network (MON)—a blockchain-powered framework aimed at weaving trust into global mobility systems and freeing up capital for the next generation of vehicles.

Joint Toyota-Avalanche White Paper Proposes Cross-Border Mobility Protocol

The price of Avalanche (AVAX) has recovered and is approaching the $26 level.

Avalanche Stops Below The $26 Mark

Toyota Blockchain Lab has outlined a new blockchain-based framework designed to coordinate trust across global mobility ecosystems, unveiling details of its Mobility Orchestration Network (MON) prototype that leverages Avalanche (CRYPTO: AVAX) as its foundational infrastructure. Get the complete $AVAX analysis here.

Toyota Blockchain Lab Proposes Mobility Orchestration Network, Builds Prototype On Avalanche

Two funds will have their assets tokenized on Avalanche, including one that invests in directly in crypto assets including bitcoin.

Scaramucci's SkyBridge eyes tokenizing $300 million on Avalanche blockchain: Fortune

SkyBridge Capital, Anthony Scaramucci's investment management firm, plans to tokenize $300 million worth of its hedge funds on the Avalanche (AVAX) network.

Scaramucci's Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche

Ethereum

Solana

The token could offer investors a yield in the future.

Wyoming's 'Frontier' Stablecoin Debuts on Ethereum, Solana and Avalanche

The price of Avalanche (AVAX) has been trading sideways within a narrow range.

Avalanche Trades Above $20 Due To Trader Hesitation

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 3.4% as Index Trades Higher

Re, a decentralized reinsurance infrastructure platform, has introduced two new institutional-grade onchain yield products on Avalanche (CRYPTO: AVAX), expanding its presence in the network's institutional DeFi ecosystem. The launch includes reUSD (Basis-Plus), reUSDe (Insurance Alpha), and a new Re Points Program aimed at rewarding early participants.

Re Launches Institutional-Grade Reinsurance Yield Products And Points Program On Avalanche

The price of Avalanche (AVAX) is moving sideways between the $16 support and the $26 barrier.

Avalanche Returns To Its Range Below $24

The price of Avalanche (AVAX) fell between the moving average lines and broke the 21-day SMA support.

Avalanche Price Corrects Above The $20.50 Range

Stellar

Visa supercharges the future of finance by expanding stablecoin settlements with new digital assets and blockchains, unlocking a new era of global crypto payments.

Visa Supports More Stablecoins in Push for Scalable Global Blockchain Payments

Visa has grown its stablecoin settlement infrastructure to support three new tokens and two extra blockchains in its latest crypto push.

Visa Adds More Stablecoin Features, Unveiling Avalanche, Stellar Support

Credit card payments giant Visa is expanding crypto settlement options by adding support to three new stablecoins and two blockchains. In a new press release, Visa says it is doubling down on its commitment to stablecoin ecosystem development by adding more stablecoins and blockchains to its settlement options.

Credit Card Giant Visa Expands Settlement Support to Three New Stablecoins and Two Major Blockchains

Global payments provider Visa (V) is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company announced on Thursday.

Visa Expands Settlement Platform to Stellar, Avalanche, Adds Support for 3 Stablecoins

Visa has added support for PayPal's PYUSD, Paxos-issued USDG, Circle's EURC, along with the Stellar and Avalanche blockchains.

Visa expands stablecoin settlement to include PayPal's PYUSD, Paxos-issued USDG, Circle's EURC, and adds support for Stellar and Avalanche

Grove Finance has officially launched on the Avalanche network, targeting an initial investment of up to $250 million in real-world assets (RWAs) as part of its institutional-grade credit protocol. This initiative aims to enhance Avalanche's institutional ecosystem by introducing new capital and partners, including Centrifuge and Janus Henderson, which manages $373 billion in assets.

Grove Finance Launches on Avalanche With $250 Million Target Investment

CoinDesk 20 Performance Update: Avalanche (AVAX) Surges 16.2% as All Assets Rise

Grove, a credit protocol in the Sky (formerly MakerDAO) ecosystem, is expanding to the Avalanche (AVAX) network with plans to allocate up to $250 million into tokenized credit products, the companies said Monday.

Sky's Grove Expands to Avalanche With $250M RWA Plan, Partnering With Centrifuge, Janus

Optimism

Worldcoin

Binance Smart Chain's native token BNB has hit a new all-time high, as other major altcoins begin to climb.

Altcoins AVAX, OP, and WLD Climb As BNB Sets New All-time High

The price of Avalanche (AVAX) has maintained a sideways trend above the moving average lines.

News for Avalanche Crypto (AVAX)