Solana (SOL) and Avalanche (AVAX) Are Steadily Erasing Their Losses

Cryptopolitan · 2024-06-28T19:53:02.000Z

Platform coins are the first to step back during a market correction. Solana (SOL) fell to the $130 range, and Avalanche (AVAX) failed to produce a stronger rally. Yet in the past days, SOL and AVAX turned into steady gainers, erasing their losses. SOL made gains above $150 before retreating to $142.45. AVAX reached $28.28, bouncing off a monthly low of $23.05. Santiment noted a difference between the rallies for the two tokens. In the case of SOL, the expected return is making traders jump on the opportunity. Reversely, AVAX is quietly recovering, still not causing FOMO buying. 📈 Solana and Avalanche are both seeing nice gains as crypto rebounds. 👉 SOL's rally is being accompanied by traders FOMO'ing in, meaning the rally is less likely to continue 👉 AVAX's rally is being mostly ignored by the crowd, meaning the rally is more likely to continue pic.twitter.com/nB6dlM87Qb — Santiment (@santimentfeed) June 27, 2024 Both chains continue to innovate and build, though Solana is showcasing more developments in a short time span. Solana is ranked 11th based on code commits, while Avalanche is ranked 27th. Solana and Avalanche also aim for sustainability and to become parts of the key infrastructure for DeFi, games and other applications. Avalanche is more closely geared to gaming. Recently, the chain decreased the deposit requirements for building a subnet, allowing more teams to build a custom blockchain for their needs. Solana aims for accelerated development Solana has been on a roll in the past week, adding new developments to boost marketing. Blinks were the biggest announcement, immediately adopted by DEX aggregator Jupiter. Also Read: Solana brings ZK compression and much cheaper on-chain deployment Blockchain links allow anyone on social media to create a predetermined buying pattern, without the need to build and host a website for selling NFT or tokens. The lead developer of Helium Labs, Mert Mumtaz, continues to present the newest achievements in the Solana ecosystem with the goal of accelerating adoption. – 2 SOL ETFs– ZK compression– Blinks– new SVM API and expansion– smart wallets– 60M Solana startup fund but wait… there's more accelerate — mert | helius | hSOL (@0xMert_) June 28, 2024 For now, all Solana activities still require a self-hosted Phantom wallet to interact with Blinks. SOL is also getting additional exposure from the talk of an upcoming Solana ETF. The fund is still in the application stage and will follow the model of VanEck, the producer of a Bitcoin ETF and an upcoming Ethereum ETF. Avalanche combines gaming and DeFi tools The latest Avalanche developments are split into gaming and DeFi. Avalanche now carries live feeds from the GMX perpetual DEX, with the help of Chainlink’s oracle technology. The data streams allow any app on Avalanche to access high-speed, real-time trading data. In addition to DeFi, Avalanche continues to offer high-grade games. From July 1, Fableborne will launch on the network, with a new model of play-to-airdrop. Avalanche aims to resume its previous leading position when it carried some of the most active play-to-earn games during the 2021 boom. Also Read: Avalanche (AVAX) Decreases Staking Requirements to Build New Subnets Avalanche also offers tools for Web3 marketing, such as an airdrop tool to distribute assets to selected addresses. The network also aims to grow its presence with the most recent round of grants. The Avalanche Foundation is setting up a grant program for builders that enhances existing bridge facilities and smart contracts. The leading app on Avalanche is currently Star Mech, a Web3 game. It is followed closely by Trader Joe, one of the most liquid exchanges based on an L2 network. Avalanche is the network with the smallest inflows from Ethereum, yet still hosting lively versions of Uniswap and Pangolin DEX. Avalanche is still behind its peak value locked from the 2021 bull market. The network carries $720M in value, spread through the top 20 apps and protocols. On Avalanche, users can also join tokenless protocols for points farming, earning Liquid Staking Tokens (LST). 🔺⚡️ Pharaoh is seeing a BOOST in incentives! ⚡️ Starting soon, participating LP's can start earning popular LST's on top of $PHAR emissions & fees! Look out for the new badge to see participating pairs. Follow to learn new strategies, and extra incentives. Only on… pic.twitter.com/aFAzu32jcf — Pharaoh on AVAX (@PharaohExchange) June 26, 2024 In addition to liquid staking and other forms of DeFi, Avalanche is also hosting NFT marketplaces. One of the biggest developments is a partnership with Korean webtoon Solo Leveling. The media company will build a native L1 using Avalanche technology, and then deploy a new NFT platform. One of the goals of Avalanche is to also offer multi-chain access, including bridges. During the recent market slump, Avalanche itself noted a slowdown of bridge volumes, down to around $104K per day. For Avalanche, connections with Ethereum are important to provide liquidity, but the platform also aims to connect all its subnets and chains. Cryptopolitan reporting by Hristina Vasileva

平臺幣是市場調整期間最先回落的。Solana (SOL) 跌至 130 美元區間，而 Avalanche (AVAX) 未能產生更強勁的反彈。然而在過去幾天裏，SOL 和 AVAX 轉而穩步上漲，抹去了損失。
SOL 上漲至 150 美元以上，隨後回落至 142.45 美元。AVAX 達到 28.28 美元，從月低點 23.05 美元反彈。
Santiment 注意到兩種代幣的漲勢之間存在差異。就 SOL 而言，預期回報讓交易者抓住了機會。相反，AVAX 正在悄然復甦，仍然沒有引發 FOMO 買盤。
📈 隨着加密貨幣的反彈，Solana 和 Avalanche 都取得了不錯的收益。
👉 SOL 的上漲伴隨着交易員的 FOMO 情緒，這意味着上漲不太可能持續
👉 AVAX 的反彈基本上被人羣忽略了，這意味着反彈更有可能繼續下去 pic.twitter.com/nB6dlM87Qb
— Santiment (@santimentfeed) 2024 年 6 月 27 日
儘管 Solana 在短時間內展示了更多的發展，但這兩條鏈仍在繼續創新和建設。根據代碼提交，Solana 排名第 11，而 Avalanche 排名第 27。
Solana 和 Avalanche 也致力於可持續發展，併成爲 DeFi、遊戲和其他應用程序關鍵基礎設施的一部分。Avalanche 更適合遊戲。最近，該鏈降低了構建子網的存款要求，允許更多團隊根據自己的需求構建自定義區塊鏈。
Solana 旨在加速發展
Solana 在過去一週表現不俗，不斷推出新進展以促進營銷。Blinks 是最重要的公告，DEX 聚合器 Jupiter 立即採用了它。
另請閱讀：Solana 帶來 ZK 壓縮和更便宜的鏈上部署
區塊鏈鏈接允許社交媒體上的任何人創建預定的購買模式，而無需建立和託管用於銷售 NFT 或代幣的網站。
Helium Labs 的首席開發人員 Mert Mumtaz 繼續展示 Solana 生態系統中的最新成果，目標是加速採用。
– 2 SOL ETF– ZK 壓縮– Blinks– 新的 SVM API 和擴展– 智能錢包– 6000 萬 Solana 啓動基金
可是等等…
還有更多
加速
— mert | helius | hSOL (@0xMert_) 2024 年 6 月 28 日
目前，所有 Solana 活動仍然需要自託管的 Phantom 錢包與 Blinks 進行交互。
SOL 還因即將推出的 Solana ETF 而獲得了額外的曝光。該基金仍處於申請階段，將效仿比特幣 ETF 和即將推出的以太坊 ETF 的生產商 VanEck 的模式。
Avalanche 結合了遊戲和 DeFi 工具
Avalanche 的最新發展分爲遊戲和 DeFi。藉助 Chainlink 的預言機技術，Avalanche 現在可以從 GMX 永久 DEX 獲得實時信息。數據流允許 Avalanche 上的任何應用程序訪問高速、實時的交易數據。
除了 DeFi，Avalanche 還繼續提供高品質遊戲。從 7 月 1 日起，Fableborne 將在網絡上推出，並採用一種新的“邊玩邊賺”模式。Avalanche 的目標是恢復其之前的領先地位，當時它在 2021 年的繁榮時期推出了一些最活躍的邊玩邊賺遊戲。
另請閱讀：Avalanche（AVAX）降低構建新子網的質押要求
Avalanche 還提供 Web3 營銷工具，例如將資產分發到選定地址的空投工具。該網絡還旨在通過最近一輪的資助來擴大其影響力。Avalanche 基金會正在爲建築商設立一項資助計劃，以增強現有的橋樑設施和智能合約。
目前 Avalanche 上領先的應用是 Star Mech，一款 Web3 遊戲。緊隨其後的是 Trader Joe，它是基於 L2 網絡的流動性最強的交易所之一。Avalanche 是以太坊流入量最小的網絡，但仍託管着 Uniswap 和 Pangolin DEX 的活躍版本。Avalanche 的價值仍低於 2021 年牛市鎖定的峯值。該網絡的價值爲 7.2 億美元，分佈在排名前 20 的應用程序和協議中。
在 Avalanche 上，用戶還可以加入無代幣協議進行積分耕作，賺取 Liquid Staking 代幣 (LST)。
🔺⚡️
法老的激勵措施得到了提升！⚡️
很快開始，參與的 LP 可以在 $PHAR 發行和費用的基礎上開始賺取流行的 LST！
請留意新徽章來查看參與的配對。
關注以瞭解新策略和額外獎勵。僅限……pic.twitter.com/aFAzu32jcf
— Pharaoh 在 AVAX (@PharaohExchange) 上 2024 年 6 月 26 日
除了流動性質押和其他形式的 DeFi，Avalanche 還託管 NFT 市場。最大的進展之一是與韓國網絡漫畫 Solo Leveling 的合作。該媒體公司將使用 Avalanche 技術構建原生 L1，然後部署新的 NFT 平臺。
Avalanche 的目標之一是提供多鏈訪問，包括橋接。在最近的市場低迷期間，Avalanche 本身就注意到橋接交易量有所放緩，降至每天約 10.4 萬美元。對於 Avalanche 來說，與以太坊的連接對於提供流動性非常重要，但該平臺還旨在連接其所有子網和鏈。
Hristina Vasileva 撰寫的 Cryptopolitan 報道

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