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Since the launch of its Ethereum bridge on the 29th of July, Avalanche has had a phenomenal rise, reaching over $2 Billion in TVL in just 5 weeks – maybe one of the most explosive launches of all L1s to date.
With Ethereum 2.0 taking its time and users migrating to cheaper L1s and L2s, Avalanche is certainly well-positioned to attract much more liquidity and users in the coming months – accelerated by its massive liquidity incentive program.
With its price rise from below $10 to $55 in just a month, AVAX was amongst the biggest gainers in August (in good company with other hot L1s like ADA, LUNA, and SOL). While AVAX itself might already be a bit hot to tough right now, the best strategy is to look at smaller projects or emerging yield farming opportunities within the Avalanche ecosystem.
0:00 Be a good citizen
1:50 Eco Overview
4:50 Cookie Crumbs
6:50 AVAX Hopium
8:00 Astronomical TVL Growth
10:00 Coins on my radar
15:00 You’ve been Pilled
#nft #ethereum #defi #blockchain #crypto #cryptocurrency #bitcoin #btc #eth #news #protocols #sidechain
DISCLAIMER: This is not financial advice! This is an entertainment and opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing. DYOR
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