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As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise


Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped...

AVAX Reflects No Sign of Stopping; Registers a New High!


Avalanche cryptocurrency had a negligible market presence for the entire first half of 2021. Ever since getting a revival shot in July 2021, it has turned out to be a missile drying the gravity of investors. With no signs of stopping, how far can this rally take AVAX? There is a 160% gap between...

AVAX Up, SUSHI Down: This Week’s 5 Best and Worst Performers


After another eventful week in the crypto markets, during which we've seen major rallies as well as major drops, it’s time for a summary of what went well, and what went less well in terms of price performance. Rankings and prices are current as of press time (09:37 UTC) on Friday. Best performers...

AVAX Climbed the Mountain Tops: Is There an Avalanche Coming?


Avalanche (AVAX) is an open-source platform that supports decentralized applications development in a highly scalable ecosystem. It is among the very first crypto tokens that worked on smart contracts. Avalanche (AVAX) follows a sub-sampled voting protocol that mandates a voting pattern from...

Bitcoin and Ethereum Consolidate, AVAX and LUNA Shine


Bitcoin price settled below the USD 45,000 support zone. BTC traded below USD 44,500 and it even spiked below USD 44,000. It is currently (11:45 UTC) consolidating losses and is facing resistance near USD 45,500. Similarly, most major altcoins are trading in a range. ETH traded below the USD 3,000...

Bitfinex Introduces Margin Trading for AVAX and LUNA


Bitfinex users can now use margin trading for Avalanche pairs (AVAX/USD or AVAX/USDt) and Terra pairs (LUNA/USD or LUNA/USDt). This new feature will become active from 2 pm UTC on August 5, 2021. The maximum leverage for these pairs will be 3.3 times. The initial margin will be 30%, and...

Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot


The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch...

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