SnowdogDAO (SDOG), the first memecoin to launch on Avalanche, lost over 90% of its value yesterday in what many believe was the platform’s largest rug pull. Despite millions of dollars in investments lost, the SnowdogDAO team maintains that the event wasn’t a rug pull, but a “game-theory experiment” gone wrong. Insiders front-run a token designed…
Total value locked (TVL) across all platforms went down from $273 billion to $261,2 billion last week, according to DeFiLlama. At the time of writing, Cronos Chain TVL hovers around $781 million, up almost 41% during the past 7-day period. Meanwhile, Avalanche TVL rose 23%. Avalanche ATH Price, volume and volatility indexes were all down…
Avalanche reached its all-time high on Thursday, jumping almost 30% in less than 24 hours. And while surges like this aren’t uncommon among high market-cap cryptocurrencies, Avalanche’s rally is unique as the token defied the overall market downfall. Strong on-chain activity and ambitious partnerships are behind Avalanche’s rally Launched in September 2020, Avalanche has had…
After Aave got deployed on the Avalanche (AVAX) blockchain, the value of deposited assets on the popular lending protocol increased by $1 billion in only a matter of hours. Avalanche’s ecosystem is expanding as the network witnesses a major influx of attention and liquidity, all boosted by hefty incentives. Influx of liquidity “Aave is live…
Zabu Finance, a decentralized finance (DeFi) protocol on Avalanche (AVAX) has recently been exploited for roughly $3.2 million worth of crypto tokens. The exploited protocol confirmed the attack on Twitter, clarifying that the funds were stolen from its SPORE pool. What happened? “Zabu Team Wallet has not sold a single Zabu. We’re under an exploit,…