Prices and #crypto news of Cosmos (ATOM), #Avalanche (AVAX)

1. Cosmos ($ATOM )’s new interchain portal

#Cosmos (ATOM), a preeminent blockchain network known for its interoperability capabilities, unveiled a state-of-the-art interchain portal. 

This innovative portal introduces a paradigm shift in inter-chain communication dynamics by leveraging the potential of the Inter-Blockchain Communication (IBC) protocol. 

Scheduled for implementation in early 2024, this interchain portal is poised to revolutionize the blockchain landscape. 

2. Balancer deploys its platform on Avalanche

In a strategic move to promote the expansion of liquid staking and leverage Avalanche’s capabilities, an autonomous #decentralized market maker (AMM) entity known as Balancer has effectively deployed its platform on Avalanche’s blockchain. 

With a total blocked value in excess of $1 billion, Balancer, a pioneering force in Ethereum-based decentralized finance (#DeFi ), strives to introduce new and malleable DeFi perspectives for stakeholders operating within the Avalanche network.