here's another $ANI chart update for the INSIDER fam. 🚨
we keep getting rejected at this massive $80M resistance level but i think the next one will be a breakout.
chart still looks bullish to me we just need to hold above $60M.
do you guys like more updates like this?
👇
AiCoin中文
📉 The harvest after the explosive rise has arrived as expected.
Just when the bulls were overflowing with confidence and the market surged, reality dealt a heavy blow.
💥 $728 million in liquidations in 24 hours!
Long liquidations: $582 million
Short liquidations: $146 million
After this round of explosive rise, it wasn't the bears that were first to die, but the bulls chasing the highs who were liquidated first, as the retail investors were swapped out for another round of harvesting.
The sentiment in the secondary market remains as fragile as paper; don't let the rhythm lead you.
📊 This is crypto, not a fairy tale.
Dr Martin Hiesboeck
VeChain, a leading enterprise-grade Layer-1 blockchain, has announced a significant partnership with Franklin Templeton, a global asset manager with over $1.5 trillion in assets under management. This collaboration involves the integration of Franklin Templeton's BENJI platform onto the VeChain blockchain, primarily to facilitate tokenized enterprise payments.
Key Aspects of the Partnership:
BENJI Platform and FOBXX Fund: The BENJI platform provides tokenized access to Franklin Templeton's Franklin OnChain U.S. Government Money Fund (FOBXX), which currently holds over $700 million in assets. Each BENJI token represents one share of this SEC-registered money market fund, which invests primarily in cash, government securities, and collateralized repurchase agreements.
Tokenized Enterprise Payments: The core objective of this integration is to enable business-to-business (B2B) transactions using the tokenized money market fund on the VeChain network. This offers enterprises a new, differentiated way to integrate tokenized assets into their payment and cash management strategies.
Benefits for VeChain:
Institutional Adoption: This partnership marks a major step in bringing traditional finance (TradFi) institutions onto the VeChain blockchain, significantly boosting its institutional adoption.
Scalability and Efficiency: VeChain's dual-token model (VET for governance, VTHO for transaction fees) ensures predictable and low-cost operations, which is crucial for high-frequency enterprise payments and aligns well with money market fund characteristics.
"Intraday Yield" Support: Franklin Templeton recently introduced "Intraday Yield" on BENJI, allowing investors to earn proportional yield for intraday token holdings. VeChain's fast settlement times and low fees are instrumental in supporting this feature.
Broader Ecosystem Development: The collaboration also brings in other key players like BitGo for regulated custody services and Keyrock for trading and liquidity infrastructure, further strengthening the VeChain ecosystem.
Benefits for Franklin Templeton:
Expanded Distribution Strategy: While BENJI is already available on several blockchains (Stellar, Ethereum, Arbitrum, Polygon, Base, Avalanche, Aptos), integrating with VeChain expands its reach and provides access to VeChain's corporate-oriented ecosystem.
New Use Cases: VeChain's native tools for verifiable data, ESG reporting, and IoT integration open doors for Franklin Templeton to explore future innovations in tokenized assets, including real-world asset-backed and sustainability-linked products.
Efficient On-Chain Operations: Leveraging VeChain's low fees and rapid settlement capabilities enhances the efficiency of its tokenized money market fund.
In essence, this partnership signifies a growing trend of traditional financial institutions exploring blockchain technology for real-world applications. By combining Franklin Templeton's established financial products with VeChain's enterprise-grade blockchain infrastructure, they aim to create a more efficient, transparent, and scalable system for enterprise payments and the broader tokenized asset market.
Crypto Rover
💥BREAKING:
$675,000,000 liquidated from the cryptocurrency market in the past 24 hours.
Farid 🔺(✌️)
Who should Avalanche collaborate with
Drop your picks below
Luigi D'Onorio DeMeo 🔺
Hey @sydney_sweeney - I have interest in collaborating on a marketing campaign. DMs open
The current price of Avalanche is $23.0930. Over the last 24 hours, Avalanche has increased by +0.18%. It currently has a circulating supply of 422,276,596 AVAX and a maximum supply of 720,000,000 AVAX, giving it a fully diluted market cap of $9.74B. At present, Avalanche holds the 17 position in market cap rankings. The Avalanche/USD price is updated in real-time.
Avalanche’s biggest 24-hour price drop was on Dec 4, 2021, (UTC+8), when it fell by $34.9800 (-32.17%). In Nov 2021, Avalanche experienced its biggest drop over a month, falling by $85.2900 (-58.00%). Avalanche’s biggest drop over a year was by $144.23 (-98.09%) in 2021.
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 11K new posts about Avalanche, driven by 2.7K contributors, and total online engagement reached 1.8M social interactions. The sentiment score for Avalanche currently stands at 87%. Compared to all cryptocurrencies, post volume for Avalanche currently ranks at 1669. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Avalanche.
Powered by LunarCrush
Posts
10,751
Contributors
2,742
Interactions
1,824,171
Sentiment
87%
Volume rank
#1669
X
Posts
10,698
Interactions
1,822,466
Sentiment
88%
Avalanche FAQ
What is AVAX?
AVAX is the native token of the Avalanche network. The Avalanche network is a novel Layer 1 network of blockchains that supports the creation of decentralized applications and smart contracts.
How can I stake AVAX?
The easiest way to stake AVAX tokens and receive passive income on your holdings is via OKX Earn. OKX Earn offers a variety of low-risk savings and staking subscription plans, in both fixed and flexible terms.
Where can I buy AVAX?
Easily buy AVAX tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include AVAX/USDT, AVAX/USDC and AVAX/BTC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into AVAX, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Avalanche worth today?
Currently, one Avalanche is worth $23.0930. 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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