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#Avalanche is a Layer 1 blockchain that has been gaining popularity in the crypto space due to its high throughput and compatibility with the Ethereum Virtual Machine (EVM). It claims to be the fastest in the blockchain industry, with a transaction speed of over 4,500 TPS. Avalanche's novel architecture allows for a universe of independent, but interconnected, blockchains that are all validated and kept secure by dynamic subsets of validators. In terms of tokenomics, Avalanche's native currency, AVAX, has a capped supply of 720 million, similar to Bitcoin. AVAX can be staked to process transactions and secure the network, going above the usual 51% standard. Avalanche also claims to have the maximum number of validators among all the proof-of-stake (PoS) protocols available in the market. Avalanche's unique infrastructure distinguishes it from other Layer-1 smart contract platforms. It is designed to accommodate the scale of global finance, with near-instant transaction finality. Avalanche provides a scalable option addressing the issue of congested blockchain networks. Avalanche's EVM compatibility lets developers seamlessly port decentralized applications over from Ethereum. While there are other Layer 1 networks in the market, Avalanche's unique architecture, high throughput, and EVM compatibility make it a strong contender in the blockchain industry. Avalanche's recent roadmap highlights major improvements across three key areas: User Experience: Upgrades to the Avalanche Wallet for easier access, enhanced security, and mobile/browser accessibility. Q3 will introduce a secure bridging architecture, 5X cheaper and 2X faster than the Avalanche-Ethereum Bridge. Platform Features & Performance: Apricot upgrades optimizing the network for scalability and efficiency. Q4's Phase 5 will enhance X-Chain with dynamic fees, state pruning, and fast sync capabilities. Liquidity & Ecosystem Growth: Expansion with new integrations like Chainlink, liquidity protocols such as BenQi, launchpads like Avalaunch, and the introduction of Initial Litigation Offerings #AVAX
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The Pyth Network is an oracle that publishes financial market data to multiple blockchains. It is the largest publisher oracle network with over 90 first-party data sources publishing directly to the network. The nodes own and publish their data directly on-chain, and the network offers price feeds for a number of different asset classes, including US equities, commodities, and cryptocurrencies. Pyth delivers real-time market data for crypto, equities, FX, and commodities to 40+ blockchains. 90+ major market participants â including Jane Street, CBOE, Binance, OKX, and Bybit â contribute data to the network. To onboard with Backpack's offerings and receive additional PYTH airdrop tokens, you can follow the steps below: 1. Visit the [Backpack website](https://backpack.io/) and click on the "Get Started" button. 2. Create an account by providing your email address and password. 3. Verify your email address by clicking on the verification link sent to your email. 4. Log in to your Backpack account and connect your wallet. 5. Stake a minimum of 5 SOL prior to the airdrop to qualify for PYTH airdrops. 6. Wait for the airdrop to take place on Monday, November 20, and claim your PYTH tokens. Please note that the date when eligible participants can claim their airdrop allocations has not been announced yet. You can follow the official Pyth Network social channels to stay updated. #Pyth
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BlackRock's filing for an Ethereum spot ETF with the SEC has had a bullish effect on the crypto market, helping Ethereum to get past the critical resistance of $2,000 for the first time in six months. The filing is a significant milestone in the crypto world and has stirred the Ethereum market, drawing keen investor interest . The ETF will hold Ethereum's ether (ETH) . The filing reveals that Coinbase would be the custodian for the ether held by the product, while an unnamed third party would hold its cash. BlackRock has already made waves in crypto by seeking to list a bitcoin ETF, the sort of easy-to-trade product that could dramatically broaden access to crypto to average investors . CEO Larry Fink has become a vocal supporter of crypto, reversing his previous skepticism . It is important to note that the price of Ethereum is influenced by a variety of factors, including supply and demand, market sentiment, and adoption rates. While the news of BlackRock's filing for an Ethereum spot ETF has had a positive impact on the price of Ethereum, it is difficult to predict how the price will behave in the future.
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Binance Labs announced its investment in Arkhamâs native token ARKM. Arkham is a blockchain data platform like Nansen. ARKM is Binanceâs 32nd Launchpad project.
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