Index
Indicators
Information about Avalanche (AVAX)
Avalanche is an open-source platform for developing decentralized finance (DeFi) apps, financial products, and transactions, as well as other services. Avalanche was created to become a global exchange that allows anyone to launch a DApp, support the trade of any type of property and control it in a decentralized way by using smart contracts and other advanced technologies. The developers claimed that Avalanche would be the first smart contract to complete a transaction in less than a second.
Avalanche was founded and developed by a group of computer science experts and PhDs from prominent US universities. It features CEO Emin Gün Sirer, who successfully developed and implemented the first cryptocurrency that used Proof-of-Work (PoW) to mint coins, and COO Kevin Sekniqui, a doctorate candidate with extensive software experience at companies like Microsoft and NASA JPL.
AVAX is the original token of the Avalanche platform, which serves as a payment and reward system for users and implements various tasks within Avalanche’s protocols. It serves the following purposes:
News
Bitcoin (BTC) faced fluctuations, dropping to 78,000 USD before a strong recovery, reflecting ongoing volatility in the market.
North Carolina proposes cryptocurrency tax payments, and Arizona has passed a Bitcoin mining rights bill. The SEC has updated its guidance on cryptocurrency offerings, impacting regulations.
VanEck has filed for an ETF for Avalanche (AVAX) on Nasdaq, indicating growing institutional interest in cryptocurrency assets.
Balancer v3 officially launched on April 11, 2025, on the Avalanche blockchain following a unanimous decision from the BAL community. This release brings advanced liquidity management tools to the DeFi sector.
The launch includes features like 100% Boosted Pools and a new Hooks Framework. The collaboration with Aave enhances liquid capabilities, benefiting traders and institutional players.
By introducing these new liquidity solutions, Balancer v3 enhances DeFi efficiency on Avalanche. This paves the way for deeper liquidity pools and greater yield opportunities for protocols like Aave.
On Thursday, World Liberty Financial (WLFI) moved 775,000 USD in USDC to a wallet focused on altcoin purchases, enhancing its investment strategy.
WLFI’s portfolio has expanded to include eleven cryptocurrencies, notably Ethereum, AVAX, LINK, and Tron, reflecting a broad diversification.
The company is collaborating with the Sui blockchain and plans to launch a stablecoin, USD1, redeemable for US dollars, aimed at institutional investors.
Nasdaq’s application aims to list the VanEck Avalanche ETF, which will track the performance of AVAX tokens, allowing investors to gain exposure without direct ownership.
Despite a significant decline in AVAX’s value, trading at 18.15 USD, the interest in AVAX ETFs is rising as VanEck seeks regulatory approval.
People also own