Avalanche (AVAX) Enters Multiple Strategic Partnerships and Wider Adoption
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- Previously, BitGo, a crypto-custodian, backed this network.
- Customers of Kraken may now trade Avalanche’s AVAX token.
Avalanche is one of several groups benefiting from the present economic scenario. The network is thriving in terms of cooperation and adoption. Many have praised the network’s enormous growth. The stats bolster hodlers and traders.
Avalanche-affiliated enterprises have been rapidly increasing in recent months. Moreover, there’s a rising interest from like-minded individuals and groups. Customers of Kraken may now trade Avalanche’s AVAX token, which was previously unavailable.
Previously, BitGo, a crypto-custodian, backed this network. This new initiative will allow BitGo’s clients, Bitbuy and Bitstamp, to offer AVAX to their consumers. Circle brought USDC to the network. Glacier’s GLAC cryptocurrency is accessible on Trader Joe’s Avalanche DeFi platform.
Eyeing for the Top 5 Spot
According to rumors, Insure Token has partnered with Avalanche to insure the DeFi network’s crypto assets. Avalanche and SURE will also be connected. Furthermore, Penguin Finance, a gamified DeFi hub, joins Avaxtars, a new generation of Metaverse and P2E games built on Avalanche.
The Avalanche ecosystem accelerator Colony has partnered with Dogeon, an Avalanche-based gaming endeavor. Project Galaxy supports Avalanche for on-chain credentials. DeFi subscribers will be kept on the network by enhancing community engagement and user retention.
The network’s most popular NFTs are Avax Apes, Party Animals, and Avax Punks. Space, on the other hand, gained 117.9. Many network efforts have served as Santa’s gift bag for the local community. Avalanche may soon break into the top five citing the developments. According to CoinMarketCap, the Avalanche price today is $119.26 USD with a 24-hour trading volume of $1,320,117,479 USD.
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