Avalanche
Chainlink Data Streams launches on Avalanche mainnet with GMX V2
Published
1 week agoon
By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/MarketAcross-and-Chainlink-Labs-Establish-Channel-Partnership-To-Support-Chainlink-BUILD-Members02.jpg)
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Chainlink’s Data Streams are officially live on Avalanche, according to an announcement just in from Chainlink, Avalanche and GMX, an on-chain perpetual and spot crypto exchange
The major integration has GMX as the launch partner that will help power Avalanche’s decentralized finance (DeFi) market.
Avalanche’s dApps ecosystem will benefit from Chainlink Data Streams’ on-demand access to low-latency market data via the GMX V2 integration, the platforms said.
Chainlink Data Streams to boost Avalanche DeFi
GMX is the leading decentralized perpetual exchange (DEX) platform by total value locked (TVL) on Arbitrum and Avalanche. GMX V2 leverages Chainlink Data Streams for high-frequency market data and automated transaction settlement. Specifically, the exchange taps into the Chainlink Data Streams settlement of trades and to trigger stops and liquidations.
The integration will see it utilize these features to bolster the Avalanche DeFi ecosystem.
“GMX’s Data Streams integration on Avalanche mainnet is all about expanding the success of our GMX V2 launch,” Coinflip, a core contributor at GMX, said. “Chainlink Data Streams has meaningfully contributed to the decentralized exchange’s speed and resiliency, and we’re excited to bring those same benefits to all the traders and liquidity providers in the Avalanche community,” Coinflip added.
Through the high-frequency market data and decentralized infrastructure mechanism of Chainlink, Data Streams allow developers to deliver high-throughput DeFi products whose user experience is comparable to that of centralized exchanges (CEXs).
However, it also provides for massive on-chain execution speed and security. Notably, Data Streams are backed by Chainlink’s decentralized and robust infrastructure.
“By offering unmatched speed and resiliency, Data Streams enable DeFi protocols to provide ultra-fast, high-throughput DeFi products while maintaining the high-security guarantees of onchain finance,” said Johann Eid, chief business officer at Chainlink Labs.
Other DeFi protocols that have followed GMX in integrating Data Streams include PancakeSwap, ApolloX, Marquee, DRX Exchange, and YFX.
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Avalanche
Avalanche Gains Momentum As AVAX Sets Sights On $30.34 Resistance
Published
6 days agoon
June 30, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/06/Avalanche-from-Adobe-Stock.jpg)
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.
My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.
I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.
I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.
I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.
I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.
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Altcoin
Is Avalanche About To Blow? Don’t Miss This Potential Breakout
Published
2 months agoon
May 6, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/05/a_aa6212-scaled.jpg)
Smart contracts platform Avalanche (AVAX) is generating excitement in the crypto community with a potential breakout signal. Prominent analyst World of Chart has identified a bullish technical pattern that could propel AVAX prices significantly higher in the coming days.
Falling Wedge Pattern Hints At Upside
World of Chart points to the presence of a “falling wedge” pattern on AVAX’s price chart. This pattern typically forms during a consolidation phase, with price action confined between two converging trendlines that slope downwards.
Forming Falling Wedge Incase Of Breakout Expecting Upside Continuation Successful Breakout Can Lead Massive Rally In Coming Days#Crypto #Avax pic.twitter.com/YJHJYarrSw
— World Of Charts (@WorldOfCharts1) May 5, 2024
The key aspect of this pattern lies in the diminishing price range within the wedge, suggesting a buildup of buying pressure. A breakout from the upper trendline is often interpreted as a bullish signal, indicating a potential reversal of the downtrend and the start of a price surge.
Avalanche Poised For Takeoff?
AVAX might see a significant upswing if it is able to break above the upper trendline of the falling wedge, according to World of Chart.
Following the breakout, there may be a substantial price increase as a result of this ascent, which would confirm the bullish formation. The expert draws attention to the possibility of significant momentum and an explosive upward advance.
Total crypto market cap currently at $2.3 trillion. Chart: TradingView
The possibility of an AVAX breakout has ignited discussions and speculation among crypto investors and traders, particularly those who actively follow technical analysis.
Investor Caution Advised Despite Bullish Outlook
While the potential for a bullish breakout is high, World of Chart emphasizes the inherent volatility and uncertainty of the cryptocurrency market. External factors beyond technical analysis can significantly impact price movements.
Technical Indicators Paint A Positive Picture
Beyond the falling wedge pattern, other technical indicators seem to be adding weight to the bullish narrative for AVAX. The recent price increase of over 16% in a single week suggests a potential shift in investor sentiment.
Additionally, the impressive surge in trading volume signifies heightened market activity and growing investor interest in AVAX.
Source: Coingecko
Eyes On The Prize: Will Avalanche Deliver?
The coming days will be crucial, with all eyes glued to the price action and any signs of a breakout. A successful breakout could lead to significant gains for AVAX holders, while a failed breakout could dampen investor enthusiasm.
Featured image from Pexels, chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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Altcoins
Solana Co-Founder Says Cosmos and One SOL Rival Are Clear Winners in Building Sovereign Blockchains
Published
2 months agoon
May 2, 2024By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/05/cosmos-one-sol-clear.jpg)
Solana (SOL) co-founder Raj Gokal is naming two blockchains that have a head start in the sovereign blockchains crypto sub-sector.
At a TOKEN2049 panel discussion, Gokal says that Avalanche (AVAX) and Cosmos Hub (ATOM) are “the clear winners” with regard to sovereign blockchains.
A sovereign blockchain is typically under the control of a single entity, unlike public blockchains such as Bitcoin (BTC) which are decentralized.
According to Gokal, Cosmos Hub and Avalanche have some differences that set them apart.
“Cosmos is an old-school project and it’s not that coordinated. I think Avalanche brings the coordination and the ability for developers to configure their own chains how they want. So I like that about their design. And obviously, it’s a function of Emi’s [Gün Sirer] DNA and his great vision as a founder.”
On the Avalanche founder Emin Gün Sirer, Gokal further says,
“I think Solana loves competition. We love fierce competition, we love honest competition from people who have ferocity about the ideas they’re bringing to the table.
And I think Emin is probably the most ferocious layer-1 [blockchain] founder that I know. And he never backs down from a fight. But he will shake your hand behind the stage and he’s friends with everyone. And he’s been very supportive of a lot of founders.
So I think as an individual I have a lot of respect for Emin and what he’s brought to the space.”
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