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Tag: Avalanche News

AAVE Price Surges by 27% in 5 Hours Amidst Whales’ $13.2M Accumulation
Cryptocurrency

AAVE Price Surges by 27% in 5 Hours Amidst Whales’ $13.2M Accumulation

In an unexpected turn of events, the price of AAVE, one of the leading cryptocurrencies in the decentralized finance (DeFi) space, experienced a staggering surge of approximately 27% over the past five hours. Market observers quickly noticed the involvement of a mysterious whale identified as "0x5a80," whose significant accumulation of AAVE tokens in a short span of time seemed to be the catalyst behind this meteoric rise. Read Also: Shiba Inu Witnesses Surge in Weekly Burn Rate, Over 708.76 Million SHIB Permanently Eliminated  Mysterious Whale "0x5a80" Causes Market Frenzy as AAVE Hits New Heights The whale's activity commenced with a flurry of transactions across multiple addresses, resulting in the acquisition of an astonishing 182,152 AAVE tokens, equivalent to a substantial $13.2...
Avalanche Looks to Onboard ApeCoin and Proposes “Otherside” Releases on Its Subnet
Cryptocurrency

Avalanche Looks to Onboard ApeCoin and Proposes “Otherside” Releases on Its Subnet

According to Colin Wu, the Avalanche core team has proposed to the ApeCoin DAO that the "Otherside" Metaverse switch to the Avalanche blockchain. The proposal is still in the early stages of discussion. Read Also: Monero Up 17% in Last 7 Days as Privacy Coins Gain Traction on Crypto Market https://twitter.com/el33th4xor/status/1529235127892582401 Avalanche's interest in persuading ApeCoin DAO was also acknowledged by Emin Gün Sirer, CEO of Ava Labs. "ApeCoin would be fantastic as an Avalanche subnet, and benefit from the superior performance of its dedicated chain on the fastest consensus protocol," Sirer wrote on Twitter, sharing the link to the idea. The notion of deploying Avalanche as a subnet was also expressed by Philip Liu Jr., head of the strategy at Availa...
Avalanche to Host Novel NFT Marketplace Artcrypted: Here’s Why It Is Special
Cryptocurrency

Avalanche to Host Novel NFT Marketplace Artcrypted: Here’s Why It Is Special

Avalanche (AVAX) ecosystem of decentralized applications (dApps) gains steam: eccentric digital collectibles platform Artcrypted chose it as its technical basis. Artcrypted introduces 1:1 NFT to Avalanche (AVAX) As stated by the official announcement shared by Artrcrypted NFT marketplace, it is going to start operations on Avalanche (AVAX) blockchain as soon as June 2022. Read Also: Half-Billion SHIB Minted by Shiba Community: Report https://twitter.com/artcrypted/status/1527664825756700675 Once released, the Artrcrypted platform will be focused on releasing  "unique" art concepts, that were not unveiled previously in either physical or digital form. The Artcrypted team decided to collaborate with Avalanche due to its technically advanced and resour...
Avalanche (AVAX) Team Shows Reason Subnets Are Better Than Other Scalability Solutions
Cryptocurrency

Avalanche (AVAX) Team Shows Reason Subnets Are Better Than Other Scalability Solutions

In 2022, Avalanche (AVAX)  high-functioning programmatic blockchain integrate its Subnets methodology to scale the main network and further its functionality and usability. Here’s how Subnets addresses the most dangerous bottlenecks of dApps. User-friendly, independent, "out-of-the-box": Why are Subnets special In its recent Twitter thread, the Avalanche team decided to cover the most crucial advantages of its Subnets module. Technically, Subnets should be considered the autonomic networks connected to Avalanche's C-chain. Read Also: Poloniex To Enlist Shiba Inu Trading Pair On Its Platform. https://twitter.com/avalancheavax/status/1527308807734317059 As such, Avalanche’s Subnets can be programmed to meet the requirements of this or that  DeFi protocol, on-chain...
Oraichain Initiates Its Verifiable Random Function to Avalanche Blockchain
Cryptocurrency

Oraichain Initiates Its Verifiable Random Function to Avalanche Blockchain

The Oraichain team addresses artificial intelligence-powered blockchain infrastructure and oracle systems. Now, it is ready to advance the developer experience and functionality of Avalanche-powered decentralized applications (dApps). Read Also: Polygon Now Supports ApeCoin with access to 19,000 dApps Oraichain releases Verifiable Random Function (VRF) on Avalanche As stated by the official announcement shared by Oraichain, an AR-powered infrastructure builder for various blockchain systems, its fully on-chain Verifiable Random Function (VRF) is successfully launched on Avalanche (AVAX). Immediately Oraichain releases its product on Avalanche (AVAX), all developers focused on this blockchain will get a publicly verifiable random number generator for th...