OpenSea, the world’s largest peer-to-peer marketplace for NFT on Ethereum added NFTs from the Avalanche blockchain to its marketplace. Avalanche joins the other six supported chains, including Optimism, Solana, Arbitrum, Klaytn, and Polygon. Last month, OpenSea saw traded volume worth almost $350 million in Ethereum NFT. GM🔺! We’re excited to
With the release of their L2 scaling solution on Avalanche, Boba Network becomes the first multichain Layer-2 blockchain. It’s the first time Avalanche has had an L2 and its Boba. It further establishes Boba as the de facto standard L2 for scaling blockchain networks, and gives Avalanche developers an additional
According to CertiK, there were three potential protocols affected. CertiK’s on-chain security software, Skynet, detected assault at 7:26 pm UTC on Tuesday. On Tuesday night, a flash loan attack was carried out using the Avalanche network. A specific smart contract and many liquidity providers were the targets of the assault.
Over the last 7 days, AVAX has increased in price by more than 30%. Robinhood’s chief product officer Aparna Chennapragada has left the company. Avalanche (AVAX) and Stellar (XLM) were added to the Robinhood cryptocurrency exchange’s list on Monday. Cryptocurrencies like Shiba Inu (SHIB) and Chainlink (LINK) have recently been
This move was prompted by the Otherside metaverse project’s problems. Otherside metaverse project should be relocated to Avalanche as per the proposal. According to a request presented by the L1 blockchain platform, ApeCoin DAO’s APE currency and its Otherside metaverse project should be relocated to Avalanche. According to the proposal,
1 billion USDT worth TRC20 swapped for ERC20, 20 million USDT worth TRC20 swapped for AVAX. Tether is stated to process around 300 million worth of redemption every day. Tether is a centralized stablecoin, its value is pegged to 1 USD. The current market scenario has caved a fear in
Yeti Finance offers Cross-margining across all collaterals and auto-compounding returns. Yeti Finance’s borrowers create YUSD, a stablecoin that is hard-pegged. Yeti Finance, a cutting-edge, Avalanche native decentralized borrowing mechanism, has received a strategic investment from the Avalanche Foundation. As a result, Yeti Finance provides cross-margining across all collateral and auto-compounding
Dapps or Decentralized Applications has become a buzzword in the crypto-world over the past 3 years. For the uninitiated, the term dApp refers to a blockchain-based application that runs on a decentralized network and uses its resources. Decentralized apps normally have no central point of failure, have open source code
The bullish outlook is most evident after a significant price movement to above $150. This linkage puts AVAX in the same danger as Bitcoin has since November 2021. This week’s Avalanche (AVAX) market retracement has increased the likelihood that it will surge by another 100 percent in the second quarter.
Unlike Polkadot’s parachains, the subnets will be available in endless supply. The Avalanche foundation has launched Multiverse in stages. The crypto community has been making major contributions to the industry’s recovery from the current gloom. The $3 trillion market valuation is still a long way off. However, a few of
