Avalanche (AVAX) recorded a 40% growth in kielzog Van’s $ 180 million incentive program.

Avalanche (AVAX), the sixth-largest Defi protocol and twenty-seventh-largest cryptocurrency by market cap, posted a price increase of more than 40% overall on Wednesday. Avax’s price rose from its daily low of $ 21.54 to a new three-month high of $ 33.71. The Defi protocol more than tripled its monthly low price to $ 9.34. AVAX has become the second largest player in the crypto Sunday due to its recent massive growth.

Source: TradingView
The current price increases stem from the recent announcement of a “$ 180 million liquidity incentive program” that will help the company reach new heights. An incentive program called Avalanche rush was created to help the network attract more Defi protocols to launch the platform using the better Defi AAVE and CURVE protocols.

The Avalanche Foundation has allocated $ 20 million to Avax for AAVE users and $ 7 million to Avax for Curve users. In the second phase, more resources will be allocated to the implementation of the protocol.

Since the Defi platform includes more protocols on its platform, it hopes to bring cheaper Defi functionality to a wide audience with the Rush program.

It will be an indication of the Avalanche’s strength and immersion in a dynamic community that is at the forefront of decentralized funding, “said Emin gün Sirer, CEO of buzz’s marketing projects. “The combination of AAVE, curve and Avalanche will create really interesting synergistic effects that will excite Defi users.”

Avalanche (AVAX) creates L2 solutions for the Defi world
The increased burden on the Ethereum ecosystem, especially due to the growing popularity of Nft and Defi, makes it very difficult for the network to work for everyone. This is the reason why the popularity of Level 2 solutions has increased recently. Avalanche can function as an L2 for the Defi ecosystem with low transaction costs and fast transaction processing.

Curve Finance CEO Mikhail Egorov.

“As Defy becomes more and more popular, I

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