
Avalanche's native token, AVAX, is gaining traction with significant backing from major financial institutions such as JPMorgan and Citi. Recent developments include the launch of AVAX futures on Coinbase, which is expected to enhance trading opportunities. Additionally, the Avalanche Foundation has entered the meme coin market, contributing to the overall growth of the AVAX ecosystem. As of now, approximately 9,000 AVAX tokens are circulating, and around 600 Bitcoin (BTC) have been bridged to the Avalanche network since the introduction of the Boost feature. This bridging allows Bitcoin holders to utilize BTC.b, a token that offers fast transactions and low fees while maintaining self-custody. Users can earn competitive yields, with reports indicating a yield of around 20% on DeltaPrimeDefi and an impressive 300% APR on the AVAX/BTC.b pair.
Most people don't know this, and people that know... don't want you to know. BTC defi is on AVAX. This is due to $BTC.b, an asset easily created by bridging native $BTC. At the time of writing this, there is: ~20% yield supplying on @DeltaPrimeDefi. ~300% APR on $AVAX/ $BTC.b… https://t.co/VfLy1vJd6y
#Avalanche, BOOSTing $BTC since 2024. https://t.co/kVwHSXoqoz https://t.co/bZAer8OchF
Bridge your BTC to BTC.b seamlessly using @coreapp and enjoy fast, secure transactions and DeFi options on @avax like borrowing against your BTC.b on @aave Tutorial ⬇️ https://t.co/qqqLLKC0GQ https://t.co/QnZBC8K8cp