Trouble viewing this email? View in web browser
To advertise in this newsletter, hit us up at firstname.lastname@example.org
All about Avalanche (AVAX)
Over the last few weeks, we discussed Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB), Solana (SOL), Bitcoin (BTC), Ether (ETH), Filecoin (FIL), Polkadot (DOT), Polygon (MATIC), Chainlink (LINK), Theta, Chiliz (CHZ), the top Metaverse cryptos, and the top
DeFi protocols. This week we take on Avalanche (AVAX).
Let's start with some interesting crypto news.
Kraken, one of the world's largest cryptocurrency exchanges, is de-listing the top privacy coin Monero (XMR). This is due to regulatory compliance in the UK.
A study has found that DeFi (decentralized finance) related fraud and theft has exceeded $10 billion so far in 2021.
El Salvador has announced an entire city based on Bitcoin. It will have residential and commercial areas and no income, property, capital gains or payroll taxes.
1. What is Avalanche (AVAX)?
Avalanche is the fourth largest Decentralized Finance (DeFi) blockchain - after Ethereum, Binance, and Solana. The total value locked (TVL) in Avalanche is almost $11 billion.
The top 5 DeFi protocols that run on Avalanche are AAVE, Trader Joe, Wonderland, Benqi, and Curve.
What I like the most about Avalanche is that it lets me launch customized private and public blockchains.
Avalanche, with a transactional throughput of more than 4500 tps, performs phenomenally faster than Bitcoin (7 tps), Ethereum (14 tps), and Polkadot (1500 tps).
In terms of transactional finality, Avalanche (less than 2 seconds) leads as compared to Bitcoin (60 mins), Ethereum (6 min), and Polkadot (60 seconds).
AVAX is Avalanche's native token, and it can be used for staking, paying fees, and providing a unit of account between the multiple subnetworks created on Avalanche.
Here’s a great value proposition:
A digital subscription to Mint can be yours at just ₹212 per month (get up to 15% off with bank offers). Check out the convenient and affordable plans we have for you here.
As of 23 November, its core metrics are:
Circulating supply is the number of coins/tokens in public hands.
Total supply is the number of coins/tokens created minus the number burned.
Maximum supply is the maximum amount of this crypto that can ever exist
Figures have been rounded off for convenience
Marketcap & Volume metrics:
Market cap = Current Price x Circulating Supply
Fully Diluted Market Cap would be the market cap if the maximum supply was in circulation
Volume (24h) is the fiat value of this crypto traded over the last 24 hours
Volume / market cap ratio = 24h Volume / Marketcap
The officially recommended wallets are Avalanche Wallet, Ledger, Frontier, and D'Cent.
Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet.
Were you forwarded this email? Did you stumble upon it online? Sign up here.
The author is an amateur boxer, a blockchain architect, a Tintinologist and a retired hacker.
Written by Rohas Nagpal. Edited by Saikat Chatterjee. Produced by Nirmalya Dutta. Send in your feedback to email@example.com.