Trader Joe has announced that the Avalanche Foundation has released the rewards for the first week of the Memecoin Rush single-sided staking plan, with a total value of approximately $500,000 and a distribution of 10,000 AVAX. The rewards were distributed among 10 pools based on the percentage of the total staking value (TVL) and the token supply at the time of the snapshot. Participants can access the staking pool they participated in to claim their rewards directly, or they can accumulate rewards throughout the entire event.

According to official sources, the Avalanche Foundation has announced the launch of the Icebreaker Program, aimed at strengthening ecosystem growth and resilience by expanding Avalanche's on-chain activities. The program has four key goals: empowering new projects, enhancing market stability, diversification, and active ecosystem participation.

Avalanche Foundation is launching the Avalanche Community Fund program, which encourages projects and developers to build in the constantly developing ecosystem of Avalanche. The foundation will work with the largest and longest-running Web3 funding program Gitcoin to allocate funding to match community donations and support crowdfunding within the ecosystem. For the first time, the Avalanche community can directly influence which projects the foundation funds. The first round of funding submissions will open on March 26th. Any team or individual who has contributed to or plans to contribute to the Avalanche ecosystem in the past is eligible to apply. The Avalanche Community Fund will be conducted in multiple rounds, each with its own criteria, deadline, and funding limit. Each round will use a combination of Gitcoin grant stacks and secondary and retrospective funding to optimize the grant program.

On March 24th, Shuriken, a multi-chain TG bot, announced on X platform that it has launched on Avalanche. Its multi-chain trading bot now supports Avalanche, and users can click to buy by pasting the token address, supporting all major ecological DEX such as TraderJoe. Shuriken currently supports five chains in a high-speed TG bot, including Ethereum, Solana, Base, Blast, and Avalanche.

Avalanche has announced that Alipay has subscribed to the "Alipay+D-store" solution and its collaborative electronic wallet is using Avalanche to implement a Web3-supported coupon program. It is reported that the relevant coupons are supported by the Avalanche subnet, and the aim is to allow brands such as Alipay to experience solutions supported by Web3 technology. <br>

The price of Avalanche (AVAX) has risen by almost 12% following an announcement from Binance, the leading crypto exchange. Binance has introduced a USDC-margined AVAX Perpetual Contract with up to 75x leverage on its Futures platform, which has given investors confidence in the crypto. Binance's endorsement of AVAX signals a vote of confidence in the potential of Avalanche, and the surge in AVAX price following this announcement indicates growing investor interest and positive market sentiment. As of writing, the Avalanche price was up 11.73% to $59.74, with its trading volume staying near the flat line at $1.93 billion.

According to on-chain data, there was a significant change in the fundraising address of Sener, a fundraising project within the Avalanche ecosystem. As of the time of writing, the AVAX balance in the address is less than 28 coins. Several hours ago, the address transferred over 93,000 AVAX, equivalent to approximately 5.7 million USD, to multiple addresses in batches.

Patrick O'Grady, the engineering director of Ava Labs, recently stated on X platform that the Avalanche interoperable era will begin at 0:00 on March 7th Beijing time. The proposed production code for the Durango upgrade ([email protected]) has been released. If there is enough staking support for Durango, it will be activated on the mainnet at 0:00 on March 7th Beijing time. In addition, Avalanche Korea officially announced today that the activation time for the Durango upgrade is expected to be 0:00 on March 7th Beijing time. It is reported that the Durango upgrade will introduce Avalanche Warp Messaging into the C chain, enabling local cross-chain communication for each EVM chain in the Avalanche ecosystem, and establishing standards for future virtual machine (VM) use of AWM.

SI Tickets, the ticketing department of the American sports magazine "Sports Illustrated," announced that its NFT ticketing platform named "Box Office" has been migrated from the Polygon blockchain to Avalanche. Last May, the NFT ticketing platform was launched on Polygon, providing its users with fast entry passes, drink vouchers, and music downloads. This collaboration will allow the NFT ticketing platform to use the Avalanche blockchain to mint NFT tickets. At the same time, Avalanche will also assist the platform in converting event tickets into dynamic content for guest interaction.

Layer-1 blockchains are the beating heart of the digital asset ecosystem, serving as the foundational infrastructure for the creation and execution of smart contracts. These platforms enable a wide spectrum of applications, ranging from financial services to social media. This landscape has seen a considerable evolution, fostering a diverse ecosystem of layer-1 networks—each presenting distinct advantages while navigating the complex trade-offs between scalability, security and decentralization.

Citibank collaborated with traditional financial giants WisdomTree and Wellington Management to conduct a tokenization concept verification test of private equity funds on the Avalanche subnetwork Spruce. They tested various use cases, including end-to-end token transfers, secondary transfers for trading, and new features verification through collateralized loans.

According to Token Unlock data, the token unlock scale in February is expected to reach nearly $900 million. This includes:

Avalanche announced on social media that the pre-release code for Durango has been released. This is a proposed upgrade for the Avalanche network, which will be activated on the Fuji Testnet at 11:00 am Eastern Time on February 13th, 2024.

According to the latest data from Cryptoslam, the total sales of NFTs on the Avalanche chain have exceeded $500 million. At the time of writing this article, it has reached $500,556,328. There are approximately 153,000 independent sellers on the chain and over 230,000 independent buyers, with a total transaction volume on the chain exceeding 1.828 million.

According to CoinDesk, Avalanche Foundation has announced new rules for purchasing Meme tokens. According to the "Eligibility Framework" released, Avalanche only considers Meme tokens native to the Avalanche blockchain, while not accepting tokens reserved for team allocation or cloned on other blockchains, and requiring the creation team to relinquish ownership of the minting contract. In addition, Avalanche Foundation will not recognize tokens that are hoarded by whales, launched without security company review, or without whitelist. Although the rules are flexible, meeting these conditions does not guarantee a purchase.

Avalanche executive @demirelo posted a screenshot of the AVAV inscription on Twitter Space on X platform and said that it seems that 586,000 people have joined Twitter Space to participate in the discussion of the AVAV and Avalanche inscriptions.

On January 7th, Grayscale announced quarterly updates to the component weights of the multi-asset cryptocurrency index fund GDLC.<br>In this adjustment, Grayscale Digital Large Cap Fund (GDLC) added AVAX and XRP, and removed MATIC. As of January 4, 2024, the components of the Grayscale Digital Large Cap Fund include BTC, ETH, ADA, SOL, AVAX, and XRP;<br>The CRV was removed from the Grayscale DeFi Fund (DEFG) index. The components of the Grayscale DeFi Fund (DEFG) include UNI, LDO, AAVE, MKR, and SNX;<br>The components of the Grayscale Non-Ethereum-based Smart Contract Platform Fund (GSCPxE) include ADA, SOL, MATIC, DOT, AVAX, and ATOM.

According to Cryptoslam data, the Bitcoin blockchain NFT sales volume has increased by 10.47% in the past 7 days, reaching $144,581,502 and ranking first. The Ethereum blockchain NFT sales volume decreased by 3.12% in the past 7 days, reaching $69,083,366 and ranking second. The Solana blockchain NFT sales volume decreased by 33.62% in the past 7 days, reaching $49,950,821 and ranking third. The Polygon blockchain NFT sales volume increased by 142.06% in the past 7 days, reaching $19,381,654 and ranking fourth. The Avalanche blockchain NFT sales volume increased by 97.80% in the past 7 days, reaching $7,877,699 and ranking fifth.

Trader Joe posted on X platform stating that Avalanche's trading volume in December increased by over 100%, reaching 5.8 billion US dollars.

The liquidity collateralized derivative token xALGO has been launched on Avalanche. xALGO is the yield version of ALGO, which can accumulate value from Algorand governance rewards. With the collection of governance interest, its design goal is to continuously increase in value as the price of ALGO rises. xALGO will be launched on BNB Chain in May 2023, and Avalanche is the second blockchain to support this token.