Blockchain network Avalanche has announced the launch of its Avalanche9000 upgrade on the mainnet. This is the largest upgrade in the network’s history and introduces several improvements to the chain.
BlackRock, the largest investment firm in the world, has expanded its BUIDL RWA fund to five new blockchains, including Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Until now, BUIDL was exclusively available on Ethereum.
On October 21, 2024, the Avalanche L1 blockchain team announced the launch of their crypto card in collaboration with Visa. This card allows users to pay for virtually any goods and services using cryptocurrencies like WAVAX (Wrapped AVAX), USDC (USD Coin), sAVAX (Staked AVAX), and several others.
Blockchain-based game Rebase has declared a strategic alliance with the Avalanche. This collaboration will introduce the project's NFTs to the Avalanche L1 network.
Avalanche successfully raised $250M in a private token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with backing from 40 other crypto funds.
The Avalanche Foundation has finalized the acquisition of 1.97 million AVAX tokens from the liquidated Luna Foundation Guard (LFG). LFG initially acquired these tokens to support the Terra blockchain ecosystem during its active period.
Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, discussed a possible financial avalanche in his new article “Persistent Weak Layers.”
The Nexon Group, a publisher from South Korea, is gearing up for the revival of the legendary MMORPG MapleStory, first introduced in 2003.
Avalanche blockchain is trailing in the stablecoin market, with a capitalization of just $1 billion. This situation is taking a toll on the DeFi applications' liquidity within its ecosystem and obstructing a steady flow of new users to the platform. To draw a comparison, the stablecoin market cap on Ethereum stands at $71 billion, while on Tron, it is $52 billion.
Avalanche has recalled its Culture Catalyst fund, established last year to empower creators, foster innovation, and advance the adoption of blockchains.
Circle, the company behind the euro-backed stablecoin EURC, has expanded its availability. In addition to networks like Ethereum, Avalanche, and Stellar, EURC is now accessible on the Solana blockchain.
