The Avalanche blue chip Foundation recently, decentralized financing (Defi) projects, new applications and entities for $ 180 million and will focus on the growing Defi ecosystem started liquidity incentive program is announced. With the launch of Avalanche rush, the leading projects of Defi aave and curve are now on track for launch via the Avalanche protocol.
“As Defi becomes more and more popular, it seems that ethereum blockchain is currently struggling to match all activities. It is therefore important to extend your activities to other networks and L2. We think Avalanche is an excellent opportunity thanks to its unique decentralized compromise mechanism, high bandwidth and low transaction costs, said Mikhail Egorov, CEO of curve finance.
Due to news of the launch of AAVE and curve in avalanche, the price of Avax, the ecosystem’s own token, rose 37.7% over a 24-hour period. This marks a three-month high as the value of the token rose more than 94% from the previous week, making it one of the top players in the crypto Sunday. Avax has a current market capitalization of $ 5.8 billion and is the 27th largest cryptocurrency on this scale. is ranked. The coin is currently trading at about $ 30 per unit.
The avalanche was first conceptualized as a project by Cornell University computer science professor emin gün Sirer and considered alongside other “ethereum killer” projects such as Polkadot, Cardano and Polygon. High-performance Blockchain Avalanche provides a scalable and secure platform for the creation and growth of next-generation decentralized applications (dApps).
Avalanche has developed innovative solutions for Defi users, including further integration with the Avalanche-Ethereum Bridge and SushiSwap, a leading decentralized exchange.
“Avalanche consensus is well suited for building Defi applications with its scalability, especially high bandwidth, and almost instant completion. Use of Pr AAVE
