The weekend is dominated by high-level shocks, the layout of mainstream leading currencies, the unilateral market trend is single, the layout of BNB, BGB, AVAX, AAVE, UNI, interest rate cuts in June and July, will also stimulate a wave of the market, and the money-making effect in the second half of the year is coming! #BTC
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Phillip9000 ⚔️🔺 reposted
SWANNY🔺
This @TheArenaApp post aged well 🫡
Since then:
- $ARENA pumping and you now need over 400k tokens for champion badge
- streaming has been made available on the platform
- ARENA token launchpad is live with a number of successful tokens for far
- any bonded token gets airdropped to arena champions
Good to see many big names catching on like it’s just happened now ;)
Shame I personally told many and now it’s cool they get in hehehehehe
(Sorry being facetious)
Happy we are all winning and glad to see @avax onboarding in droves.
PS Congrats @jasonmdesimone and team for persisting and continuing to build!
SWANNY🔺
Today I positioned myself as best I could for the @TheArenaApp and you can too.
Here’s what I did:
- Staked almost 500,000 $ARENA
- Purchased 50+ $AVAX worth of tickets
- Started posting again
- Navigated my way around
A few reasons why I’ve finally logged back in and am taking this seriously:
-An Arena X AI launch is imminent via @delaunch (check Arena’s pinned on X)
- Over 700 million $ARENA (total supply 10b)
- $ARENA MC $6.7m (FDV ~60m)
- over $130k of multiple tokens was distributed to users just a few days ago.
- the ArenaBook dashboard UI is insanely sexy, where you can explore other users and your own analytics, and trade directly from there
- The Arena App dashboard is very similar to X, and even has a spaces-like feature called “Stages”
Founder @jasonmdesimone has made it clear the that having the ‘Arena Champion’ badge + staking $ARENA is the alpha.
Just go look at the “rewards” tab under the Arena Champion section if you don’t believe me.
That said, I’m still navigating my way around, any tips you can give me?
Feel free to join me here:
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nick (big wick nick)
$100M+ $ID by the AVAX Summit or the market has no tegridy
K A L E O
$100M+ $ID by the AVAX Summit or the market has no tegridy
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K A L E O
$100M+ $ID by the AVAX Summit or the market has no tegridy
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Avalanche price performance in USD
The current price of Avalanche is $24.8470. Over the last 24 hours, Avalanche has increased by +2.02%. It currently has a circulating supply of 418,240,020 AVAX and a maximum supply of 720,000,000 AVAX, giving it a fully diluted market cap of $10.37B. At present, the Avalanche coin holds the 13 position in market cap rankings. The Avalanche/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Avalanche is a Layer 1 decentralized blockchain network built to support complex applications and custom blockchain functions. Avalanche aims to be a leading Ethereum alternative, competing with other popular chains such as Solana and Cardano for the title of "Ethereum Killer."
Thanks to its scalable architecture, the Avalanche network can handle up to 6,500 transactions per second and has comparatively low gas fees. A wide variety of decentralized applications (dApps) are hosted by Avalanche, which resulted in a record-breaking total value locked (TVL) of $12 billion in late 2021. At the same time, the abundance of dApps on the Avalanche blockchain increased demand for the AVAX token and had a favorable impact on the cryptocurrency's price.
Avalanche also employs an Ethereum Virtual Machine (EVM), which makes it much easier and faster for developers to port and deploy Ethereum-based smart contracts and applications to the Avalanche network. With the familiar user experience, new users can be easily and quickly onboarded to the Avalanche chain.
AVAX is Avalanche's native token, required to pay the necessary gas fees when completing transactions on the Avalanche network. In addition, AVAX token holders can vote on protocol governance issues and have a say in the future development of the blockchain.
AVAX price and tokenomics
The maximum token supply of Avalanche is 720 million. On November 21, 2021, AVAX hit an all-time high of $146. This represents a period when new and innovative DeFi platforms chose the Avalanche network to host their applications. On top of that, Avalanche was a standout performer during the 2021 bull run.
In a series of private and public funding rounds, 360 million AVAX tokens were minted and sold to early supporters, raising $55 million. They are distributed as follows: The Avalanche founders and project receive 19.3 percent, investors receive 16 percent, and pre-mined rewards and community airdrops receive 64.7 percent. AVAX tokens will be continuously distributed to holders via staking rewards over the next several decades. Furthermore, the Avalanche supply schedule outlines consistent token unlocks over several years.
About the founders
The Avalanche network was founded by Ava Labs. Emin Gün Sirer, a well-known computer scientist, leads the Ava Labs venture. Gün Sirer is a Cornell University associate professor best known for his contributions to peer-to-peer (P2P) systems and computer networking. He was also a pioneer in Bitcoin scaling solutions. Kevin Sekniqi and Maofan Yin, who have PHDs in computer science, are other senior members of the Ava Labs team.
What makes Avalanche unique
The Avalanche network has a unique framework that sets it apart from competing chains. It is made up of several blockchains, each of which serves a distinct purpose with different responsibilities.
Avalanche Exchange Chain
Avalanche's X-Chain is built using a directed acyclic graph (DAG), exclusively used to send and receive money. By isolating these transactions, the Avalanche network reduces congestion and enables faster, cheaper payments.
Avalanche Platform Chain
Avalanche's P-Chain is used for staking and validation. On the P-Chain, Avalanche users can become validators to receive staking rewards.
Avalanche Contract Chain
Avalanche's C-Chain is the execution layer that is fully smart contract-compatible and can support dApps. The C-Chain is the home of all Avalanche DeFi protocols and NFT functions.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 6.5K new posts about Avalanche, driven by 4.1K contributors, and total online engagement reached 3.4M social interactions. The sentiment score for Avalanche currently stands at 78%. Compared to all cryptocurrencies, post volume for Avalanche currently ranks at 1055. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Avalanche.
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Posts
6,493
Contributors
4,067
Interactions
3,434,454
Sentiment
78%
Volume rank
#1055
X
Posts
2,301
Interactions
800,170
Sentiment
84%
Avalanche FAQ
How much is 1 Avalanche worth today?
Currently, one Avalanche is worth $24.8470. For answers and insight into Avalanche's price action, you're in the right place. Explore the latest Avalanche charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Avalanche, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Avalanche have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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