Functioning as a platform for decentralized applications and private Blockchain networks, Avalanche is expanding its partnership with Turkish banks. Altcoin cooperates with leading Turkish banks Yapı Kredi and Akbank. These news acted as a catalyst for Avalanche and ignited the altcoin price.
Avalanche collaborates with two Turkish banks, altcoin price rises
The crypto ecosystem is developing collaborations with the real world ecosystem. This is considered an important step for the adoption of the crypto universe. Avalanche is a strong competitor to Ethereum, the most popular blockchain for smart contracts. Yapı Kredi Bank, one of the leading banks in the Turkish market, announced today that it has shaken hands with Avalanche. In this context, the bank shared the following on Twitter:
Yapı Kredi Fast FRWRD Acceleration Program, in which we will provide support to startups that develop products and services with Blockchain technologies in cooperation with Avalanche, is starting very soon.
Avalanche’s bank collaborations are not limited to this. Moreover, cryptocoin.comAs you follow, altcoin also cooperates with Akbank, another Turkish bank. According to Akbank’s statement on the subject, the bank will organize a Hackathon with Avalanche’s technology.
This collaboration news reflected positively on the market performance of the altcoin project. Avalanche (AVAX) price has made an attack from $26 to $30. However, the price was later withdrawn. At press time, the altcoin is trading at $28.74, up 4.86% on a daily basis.
Avalanche (AVAX) breaks record in transaction metrics
The Avalanche network recorded an all-time high in its daily transaction metrics late August 9th. He then reached a new milestone. The metric shows that it has exceeded 1.51 million transactions. Interestingly, the previous all-time high (ATH) was observed just a day ago. More impressively, the value of the metric is greater than the sum of Ethereum, Arbitrum, and Optimism.
Ava Labs is also actively developing the network. They have released an upgrade called AvalancheGo Verbier, named after a popular ski destination. Additionally, the core browser extension also announced support for private Avalanche subnets along with Ethereum and EVM compatible chains.
This update gives users tight control of all cross-chain assets. It also makes it easy to access your favorite dApps over networks. In addition, it allows users to easily view, bridge and transfer assets across multiple Blockchains. This update puts Avalanche in a pole position to scale its operations on a major platform.
However, Hubble Exchange has launched a local perpetual futures exchange on Avalanche. The exchange allows traders to collateralize multiple tokens to trade perpetual futures contracts. In this way, it allows traders to receive digital assets while using them as collateral for continuous trading.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.