{"id":518435,"date":"2023-02-02T11:49:53","date_gmt":"2023-02-02T11:49:53","guid":{"rendered":"https:\/\/wncen.com\/?p=518435"},"modified":"2023-02-02T11:49:54","modified_gmt":"2023-02-02T11:49:54","slug":"avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption\/","title":{"rendered":"AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adoption"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Avalanche (AVAX) seems to be reaping the benefits of recent partnerships its network sealed with Amazon and finance platform Intain.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, despite experiencing severe price drops together with the rest of the broader crypto market during the final quarter of the previous year, the altcoin has managed to stand out as one of the better performers this week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, according to tracking from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/avalanche\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, AVAX is changing hands at $21.81 and has gone up by more than 13% over the last 24 hours.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-518460 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a.png?resize=797%2C79\" alt=\"\" width=\"797\" height=\"79\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a.png?w=797 797w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/a.png?w=750 750w\" sizes=\"(max-width: 797px) 100vw, 797px\"><\/p>\n<p><span style=\"font-weight: 400\">On a weekly and bi-weekly basis, the crypto is sporting upticks of 22.2% and 38.2%, respectively while during the past 30 days the digital asset\u2019s value recorded a tremendous boost, going up by an astonishing 96%.<\/span><\/p>\n<h2><b>Avalanche Records Massive Jump In Daily Transactions Count<\/b><\/h2>\n<p><span style=\"font-weight: 400\">This impressive rally that AVAX is currently enjoying seems to have rubbed off in other aspects of its ecosystem, as evidenced by the 85% increase in the average daily transactions its native blockchain processes which now peaks at 288,120.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, before exiting 2022, the smart contract-focused network tallied a daily active address average of 48,023, 3.2% higher of what was recorded during the third quarter of last year.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The first institutional Subnet is here!<\/p>\n<p>.<a href=\"https:\/\/twitter.com\/intainft?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@IntainFT<\/a>, a structured finance platform that facilitates administration of $5.5B in assets, is launching IntainMARKETS, an on-chain marketplace for tokenized asset-backed securities.<\/p>\n<p>Let&#8217;s take a look at why Intain <a href=\"https:\/\/twitter.com\/hashtag\/ChoseAvalanche?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#ChoseAvalanche<\/a> \/\ud83e\uddf5 <a href=\"https:\/\/t.co\/yFGqLIasD1\" rel=\"nofollow\">pic.twitter.com\/yFGqLIasD1<\/a><\/p>\n<p>\u2014 Avalanche \ud83d\udd3a (@avalancheavax) <a href=\"https:\/\/twitter.com\/avalancheavax\/status\/64309504?ref_src=twsrc%5Etfw\" rel=\"nofollow\">January 31, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">In addition, after registering just 18 transactions per second from July to September 2022, Avalanche tallied 33 TPS during the succeeding quarter, nearly doubling its previous tally.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It is important to note that these developments happened despite the greater cryptocurrency market being pummeled by the negative effects of events such as the collapse of the FTX crypto exchange company and the long crypto winter, to name a few.<\/span><\/p>\n<h2><b>Avalanche Moves Toward Institutional Adoption<\/b><\/h2>\n<p><span style=\"font-weight: 400\">It can be recalled that Amazon Web Services (AWS) was recently in need of a platform where execution and management of smart contracts could be facilitated for transfers of ownerships as well as live market data financial transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">With Ethereum being the leader in smart contracts, analysts and experts were surprised when Amazon made the decision to <\/span><a href=\"https:\/\/www.analyticsinsight.net\/avalanche-avax-gala-gala-and-snowfall-protocol-snw-soar-by-50-whats-happening\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">pick Avalanche<\/span><\/a><span style=\"font-weight: 400\">, sparking hopes of greater and better institutional adoption for the blockchain and its native crypto AVAX.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/aave-gets-cleared-of-debt\/\" target=\"_blank\" rel=\"noopener \">AAVE Seeks Proposal To Clear Itself Of Bad Debt \u2013 Can It Overcome These Obstacles?<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/8r0E9OIv\/\" width=\"2047\" height=\"979\"><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/dogecoin-elon-musk-mcdonalds-offer\/\" target=\"_blank\" rel=\"noopener \">Dogecoin: Can Elon Musk\u2019s McDonald\u2019s Offer Give DOGE A \u2018Happy\u2019 Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The blockchain seems to be playing all the right cards with regards to this as it <\/span><a href=\"https:\/\/twitter.com\/avalancheavax\/status\/64309504?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E64309504%7Ctwgr%5E260c52acc3de466f610294f63e20c35e667b4816%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoingape.com%2Favax-price-shoots-14-\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> on January 31, 2023 that it will be partnering with Intain \u2013 a structured finance platform responsible for the administration of more than $5 billion worth of assets. With this, Intain becomes Avalanche\u2019s first <\/span><a href=\"https:\/\/blockster.com\/intain-inc-ava-labs-announce-the-launch-of-intainmarkets\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">institutional subnet<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">AVAX is undeniably responding positively to these developments as it continues to paint its charts in green, recording massive upticks in its value over the last few days.<\/span><\/p>\n<p><em>Featured image from Saanich News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche (AVAX) seems to be reaping the benefits of recent partnerships its network sealed with Amazon and finance platform Intain. In fact, despite experiencing severe price drops together with the rest of the broader crypto market during the final quarter of the previous year, the altcoin has managed to stand out as one of the better performers this week. At the time of writing, according to tracking from Coingecko, AVAX is changing hands at $21.81 and has gone up by more than 13% over the last 24 hours. On a weekly and bi-weekly basis, the crypto is sporting upticks of 22.2% and 38.2%, respectively while during the past 30 days the digital asset\u2019s value recorded a tremendous boost, going up by an astonishing 96%. Avalanche Records Massive Jump In Daily Transactions Count This impressive rally that AVAX is currently enjoying seems to have rubbed off in other aspects of its ecosystem, as evidenced by the 85% increase in the average daily transactions its native blockchain processes which now peaks at 288,120. Moreover, before exiting 2022, the smart contract-focused network tallied a daily active address average of 48,023, 3.2% higher of what was recorded during the third quarter of last year. The first institutional Subnet is here! .@IntainFT, a structured finance platform that facilitates administration of $5.5B in assets, is launching IntainMARKETS, an on-chain marketplace for tokenized asset-backed securities. Let&#8217;s take a look at why Intain #ChoseAvalanche \/\ud83e\uddf5 pic.twitter.com\/yFGqLIasD1 \u2014 Avalanche \ud83d\udd3a (@avalancheavax) January 31, 2023 In addition, after registering just 18 transactions per second from July to September 2022, Avalanche tallied 33 TPS during the succeeding quarter, nearly doubling its previous tally. It is important to note that these developments happened despite the greater cryptocurrency market being pummeled by the negative effects of events such as the collapse of the FTX crypto exchange company and the long crypto winter, to name a few. Avalanche Moves Toward Institutional Adoption It can be recalled that Amazon Web Services (AWS) was recently in need of a platform where execution and management of smart contracts could be facilitated for transfers of ownerships as well as live market data financial transactions. With Ethereum being the leader in smart contracts, analysts and experts were surprised when Amazon made the decision to pick Avalanche, sparking hopes of greater and better institutional adoption for the blockchain and its native crypto AVAX. Related Reading: AAVE Seeks Proposal To Clear Itself Of Bad Debt \u2013 Can It Overcome These Obstacles? Related Reading: Dogecoin: Can Elon Musk\u2019s McDonald\u2019s Offer Give DOGE A \u2018Happy\u2019 Price? The blockchain seems to be playing all the right cards with regards to this as it announced on January 31, 2023 that it will be partnering with Intain \u2013 a structured finance platform responsible for the administration of more than $5 billion worth of assets. With this, Intain becomes Avalanche\u2019s first institutional subnet.\u00a0 AVAX is undeniably responding positively to these developments as it continues to paint its charts in green, recording massive upticks in its value over the last few days. Featured image from Saanich News<\/p>\n","protected":false},"author":557,"featured_media":490945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-518435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>AVAX Jumps 22%<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) seems to be reaping the benefits of recent partnerships its network sealed with Amazon and finance platform Intain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adoption","url":"http:\/\/wncen.com\/news\/avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/05\/Avalanche.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/05\/Avalanche.jpg?fit=1200%2C800"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2023-02-02T11:49:53Z","datePublished":"2023-02-02T11:49:53Z","dateModified":"2023-02-02T11:49:54Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"AVAX Jumps 22% As Avalanche Records Another Win For Institutional Adoption\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/avax-jumps-22-as-avalanche-records-another-win-for-institutional-adoption\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Avalanche.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/05\\\/Avalanche.jpg?fit=1200%2C800\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2023-02-02T11:49:53Z\",\"datePublished\":\"2023-02-02T11:49:53Z\",\"dateModified\":\"2023-02-02T11:49:54Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/05\/Avalanche.jpg?fit=1200%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/518435"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=518435"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/518435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/490945"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=518435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=518435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=518435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}