{"id":564435,"date":"2023-12-08T00:00:26","date_gmt":"2023-12-08T00:00:26","guid":{"rendered":"https:\/\/www.wncen.com\/?p=564435"},"modified":"2024-06-11T14:42:54","modified_gmt":"2024-06-11T14:42:54","slug":"avalanche-premium-incentivize-validators-avax-ripping-higher","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/avalanche-premium-incentivize-validators-avax-ripping-higher\/","title":{"rendered":"Avalanche Pays Premium to Incentivize Validators, Will AVAX Soar To $145?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Avalanche, the fourth-generation proof-of-stake (PoS) blockchain, incurs significant costs to incentivize its validators. Token Terminal data on December 7 shows that in the past year, the smart contract platform\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/twitter.com\/vladumix\/status\/22034498\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">paid<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0over $275 million in AVAX to compensate its validators despite generating only $11.5 million in user fees.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Avalanche Is Paying A Premium To Incentivize Validators<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Although it appears that Avalanche is paying a premium for validators, this is critical in securing the network and ensuring all transactions are confirmed. Overall, and being a proof-of-stake network reliant on node operators for security and decentralization, Avalanche&#8217;s decision to pay validators a premium is, as its users demand, to maintain a robust network of nodes.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/bitcoin-shakeout-190-million-losses\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Shakeout Drives $190 Million In Losses For Over 81,000 Traders<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">According to CoinMarketCap <a href=\"https:\/\/coinmarketcap.com\/currencies\/avalanche\/\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a>, the network has a market cap of over $9.8 billion. It is currently in the top 10 by liquidity, surpassing Polygon and Polkadot, competing low-fee alternatives. As it is, by incentivizing validators with generous rewards, Avalanche ensures that there is a strong pool of nodes available to maintain the network&#8217;s operation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Through these validators, AVAX holders can stake and receive rewards. As of December 7, there are over\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.avax.network\/validators\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">1,539 validators<\/span><\/a><span data-preserver-spaces=\"true\"> currently staking over 248 million AVAX and earning 7.84% APY. At the same time, statistics show that Avalanche has a staking ratio of 57.11%. Most AVAX in circulation are used to secure the network at this level.<\/span><\/p>\n<figure id=\"attachment_564436\" aria-describedby=\"caption-attachment-564436\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-564436\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot482.png?resize=1024%2C404\" alt=\"Avalanche validators | Source: Avalanche.network\" width=\"1024\" height=\"404\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot482.png?w=1117 1117w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot482.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot482.png?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot482.png?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot482.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-564436\" class=\"wp-caption-text\">Avalanche validators | Source: Avalanche.network<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">While AVAX incentivization might draw more validators, Avalanche documentation also states that the network doesn&#8217;t require complex hardware to operate a node. At the same time, the blockchain, unlike Ethereum, states that staked AVAX is not at risk of being slashed&#8211;or penalized by the network&#8211;provided all network requirements are met. This feature could explain the steady rise in\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/subnets.avax.network\/stats\/validators\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">validator count<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0over the past three years.<\/span><\/p>\n<figure id=\"attachment_564437\" aria-describedby=\"caption-attachment-564437\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-564437\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot483.png?resize=1024%2C473\" alt=\"Validator client count | Source: Avalanche.Network\" width=\"1024\" height=\"473\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot483.png?w=1111 1111w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot483.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot483.png?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot483.png?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/Screenshot483.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-564437\" class=\"wp-caption-text\">Validator client count | Source: Avalanche.Network<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">AVAX Is Up By 200%, Trading At 2023 High<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">While Avalanche grows its validator count, AVAX prices have also been expanding steadily, mirroring the general market. Thus far, AVAX is changing hands above $26, up over 200% in the last three months. At spot rates, AVAX is trading at new 2023 highs and in a bullish breakout formation, looking at price action in the daily chart.<\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.tradingview.com\/x\/hRZ27Ztj\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/hRZ27Ztj\/\" alt=\"Avalanche price trending upward on the daily chart | Source: AVAXUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><\/a><figcaption class=\"wp-caption-text\">Avalanche price trending upward on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/hRZ27Ztj\/\" target=\"_blank\" rel=\"noopener nofollow\">AVAXUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p>Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bitcoin\/apollo-crypto-bitcoin-price-200000-this-cycle\/\" target=\"_blank\" rel=\"noopener \">Apollo Crypto Predicts Bitcoin Price Of $200,000 This Cycle, Here\u2019s Why<\/a><\/p>\n<p><span data-preserver-spaces=\"true\">Looking at how AVAX is, bulls might break above $30. If the accompanying surge is with expanding trading volume, it might be the base for another leg up that might lift the coin toward $90 or higher in the sessions ahead. When AVAX peaked in 2021, it rose to as high as $145.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche, the fourth-generation proof-of-stake (PoS) blockchain, incurs significant costs to incentivize its validators. Token Terminal data on December 7 shows that in the past year, the smart contract platform\u00a0paid\u00a0over $275 million in AVAX to compensate its validators despite generating only $11.5 million in user fees.\u00a0 Avalanche Is Paying A Premium To Incentivize Validators Although it appears that Avalanche is paying a premium for validators, this is critical in securing the network and ensuring all transactions are confirmed. Overall, and being a proof-of-stake network reliant on node operators for security and decentralization, Avalanche&#8217;s decision to pay validators a premium is, as its users demand, to maintain a robust network of nodes.\u00a0 Related Reading: Bitcoin Shakeout Drives $190 Million In Losses For Over 81,000 Traders According to CoinMarketCap data, the network has a market cap of over $9.8 billion. It is currently in the top 10 by liquidity, surpassing Polygon and Polkadot, competing low-fee alternatives. As it is, by incentivizing validators with generous rewards, Avalanche ensures that there is a strong pool of nodes available to maintain the network&#8217;s operation. Through these validators, AVAX holders can stake and receive rewards. As of December 7, there are over\u00a01,539 validators currently staking over 248 million AVAX and earning 7.84% APY. At the same time, statistics show that Avalanche has a staking ratio of 57.11%. Most AVAX in circulation are used to secure the network at this level. While AVAX incentivization might draw more validators, Avalanche documentation also states that the network doesn&#8217;t require complex hardware to operate a node. At the same time, the blockchain, unlike Ethereum, states that staked AVAX is not at risk of being slashed&#8211;or penalized by the network&#8211;provided all network requirements are met. This feature could explain the steady rise in\u00a0validator count\u00a0over the past three years. AVAX Is Up By 200%, Trading At 2023 High While Avalanche grows its validator count, AVAX prices have also been expanding steadily, mirroring the general market. Thus far, AVAX is changing hands above $26, up over 200% in the last three months. At spot rates, AVAX is trading at new 2023 highs and in a bullish breakout formation, looking at price action in the daily chart. Related Reading: Apollo Crypto Predicts Bitcoin Price Of $200,000 This Cycle, Here\u2019s Why Looking at how AVAX is, bulls might break above $30. If the accompanying surge is with expanding trading volume, it might be the base for another leg up that might lift the coin toward $90 or higher in the sessions ahead. When AVAX peaked in 2021, it rose to as high as $145. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":564442,"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":[9885,87282,90813,83347,90814,86413,83609,1946],"class_list":["post-564435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-avalanche-price","tag-avalanche-validators","tag-avax","tag-avax-bulls","tag-avax-price","tag-avaxusdt","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Avalanche Pays Premium to Incentivize Validators, Will AVAX Soar To $145?<\/title>\n<meta name=\"description\" content=\"Avalanche could be paying a premium to incentivize validators but this appears to be offset by rapidly rising AVAX prices\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. 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