What is Solana & Avalanche?

Solana and Avalanche are both layer-1 blockchains. Image: Shutterstock. Avalanche (AVAX), the token powering the eponymous blockchain, is up 6.9% over the past 24 hours and is currently trading at a weekly high of $13.65, according to data from CoinGecko. With a market cap of $4.23 billion, AVAX is currently the market’s 20th largest crypto asset.

Who are the Avalanche?

A ragtag group of idealists, known as Avalanche, are one of the last bastions of resistance. Cloud, an elite SOLDIER operative-turned-mercenary takes part in an Avalanche operation to destroy Mako Reactor 1 in the city of Midgar.

How much is Avalanche worth?

Interestingly, there are projects on the Avalanche network with competitive 7-day protocol revenue. The total value locked (TVL) of Avalanche is up $312 million in August to $2.6 billion as of September 14. The rising demand for projects on the blockchain network is key to the spike in TVL.

Why did Avalanche upgrade?

With rising competition in the layer 1 ecosystem, Avalanche has preserved its fast time to finality and ensured that it doesn’t increase proportionally with user growth. Therefore, the upgrade has ensured that transactions on the Avalanche network remain relatively cheaper for traders in the community.