Platypus Money’s local stablecoin tumbled to 48 pennies from $1 prior on Friday following the assault According to the developers, Platypus Finance’s USP stablecoin lost more than 50% of its intended peg with US dollars earlier on Friday due to a flaw in a key pricing mechanism. Platypus posted a message on its Twitter account…
Even though the total value of tokens locked on Avalanche-based decentralized finance applications dropped from $15 billion in 2021 to just over $900 million in November 2022, such transactional activity continued. Nansen, a data and analytics company, stated in the Avalanche’s report for the fourth quarter that it shared that the network demonstrated strength with…
In the coming weeks, the platform plans to add Arbitrum and BNB Chain, and it is changing some aspects of how tokens are rewarded and distributed Developers wrote on Thursday that Trader Joe, a decentralized exchange (DEX) on the Avalanche blockchain, has plans to increase the utility of its native governance token JOE and other…
Ava Labs is joining Amazon’s AWS Marketplace to speed up Avalanche adoption by institutions Ava Labs, the company behind Avalanche, announced on Wednesday that it will provide the crypto infrastructure through Amazon Web Services (AWS) with the intention of facilitating “enterprise, institutional, and government adoption of blockchain.” Avalanche is a blockchain designed to work with…
All Shopify merchants can now use Venly’s Avalanche app to mint and sell NFTs without writing any code There is no need for Shopify’s millions of merchants to direct customers to a specialized marketplace like Magic Eden or OpenSea if they want to sell NFTs. Instead, they can use one of Shopify’s blockchain apps to…
