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.