Avalanche
AVAXDecentralized blockchain
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Project Overview
Avalanche is a platform created by Ava Labs for creating custom blockchain networks and decentralized applications (dApps). It claims great scalability, with a high transaction throughput (TPS) of 4500 transactions per second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions.
Avalanche Foundation Launches Research Grant Program Focusing on Tokenomics and Validator Mechanisms
the Avalanche Foundation has announced the launch of its Research Grant Program (Call For Research Proposals), open to academic researchers worldwide with individual grants of up to $50,000. The program focuses on research related to Avalanche network economics, with emphasis on two core areas: first, crypto asset pricing and valuation, concentrating on how native assets of PoS public chains accrue value, including token issuance mechanisms, monetary policy, network adoption rates, and their relationship with long-term value; second, validator economics and network security, with key topics including optimal staking ratios, validator reward models, validator set health, and non-inflationary reward mechanisms.
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.
Avalanche Foundation Launches Research Grant Program Focusing on Tokenomics and Validator Mechanisms
the Avalanche Foundation has announced the launch of its Research Grant Program (Call For Research Proposals), open to academic researchers worldwide with individual grants of up to $50,000. The program focuses on research related to Avalanche network economics, with emphasis on two core areas: first, crypto asset pricing and valuation, concentrating on how native assets of PoS public chains accrue value, including token issuance mechanisms, monetary policy, network adoption rates, and their relationship with long-term value; second, validator economics and network security, with key topics including optimal staking ratios, validator reward models, validator set health, and non-inflationary reward mechanisms.
Curve Finance Suspends LayerZero Cross-Chain Bridging Functionality in Response to rsETH Infrastructure Hack
According to an official announcement from Curve Finance, due to a hacker attack on the rsETH LayerZero infrastructure, Curve Finance has suspended its LayerZero infrastructure for security reasons, pending further investigation into the root cause before resuming operations. This suspension affects the following: cross-chain bridging of CRV tokens from BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (chains using native bridges remain unaffected), as well as the crvUSD fast bridge functionality (the L2 slow bridge remains fully operational). Meanwhile, KelpDAO is also reported to have suffered a vulnerability exploit involving approximately $291 million; the exact extent of losses is still under investigation.
South Korean payment service provider NHN KCP partners with Avalanche to build a payments-dedicated Layer 1 network
According to The Block, Korean payment service provider NHN KCP has signed a memorandum of understanding with Ava Labs to jointly build a Layer 1 network for payment use cases on Ava Cloud. The initiative will focus on three key areas: sub-second payment confirmation, on-chain transaction data encryption, and customizable merchant payment infrastructure. The two parties will also explore business opportunities including tokenized deposit models, multi-stablecoin settlement architectures, and cross-border payments. Justin Kim, Head of Asia at Ava Labs, stated that the mainnet launch timeline for this L1 will depend significantly on the progress of South Korea’s cryptocurrency regulatory framework.
Curve Finance Suspends LayerZero Cross-Chain Bridging Functionality in Response to rsETH Infrastructure Hack
According to an official announcement from Curve Finance, due to a hacker attack on the rsETH LayerZero infrastructure, Curve Finance has suspended its LayerZero infrastructure for security reasons, pending further investigation into the root cause before resuming operations. This suspension affects the following: cross-chain bridging of CRV tokens from BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (chains using native bridges remain unaffected), as well as the crvUSD fast bridge functionality (the L2 slow bridge remains fully operational). Meanwhile, KelpDAO is also reported to have suffered a vulnerability exploit involving approximately $291 million; the exact extent of losses is still under investigation.
Curve Finance Suspends LayerZero Infrastructure
According to an official announcement, Curve Finance has suspended its LayerZero infrastructure as a precautionary measure following a hacker attack on rsETH’s LayerZero infrastructure, pending further investigation into the root cause. This adjustment affects cross-chain CRV bridging initiated from chains including BNB, Sonic, Avalanche, Fantom, Etherlink, and Kava; bridging from other chains remains unaffected and continues to use native bridges. Additionally, the crvUSD fast bridge is impacted, while the slower bridge to L2s remains fully operational.
Avalanche Foundation Launches Research Grant Program Focusing on Tokenomics and Validator Mechanisms
the Avalanche Foundation has announced the launch of its Research Grant Program (Call For Research Proposals), open to academic researchers worldwide with individual grants of up to $50,000. The program focuses on research related to Avalanche network economics, with emphasis on two core areas: first, crypto asset pricing and valuation, concentrating on how native assets of PoS public chains accrue value, including token issuance mechanisms, monetary policy, network adoption rates, and their relationship with long-term value; second, validator economics and network security, with key topics including optimal staking ratios, validator reward models, validator set health, and non-inflationary reward mechanisms.
Avalanche Foundation: Supporting DeFi United to Restore rsETH Collateral Support
the Avalanche Foundation posted on platform X, stating its support for DeFi United. This is a coordinated action aimed at restoring rsETH collateral support following the incident on April 18. DeFi is undergoing public stress tests with transparent ledgers and real accountability, whereas traditional financial systems often require months or years to complete such repairs. The Avalanche Foundation expressed its support for Aave and the broader DeFi ecosystem.
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.
South Korean payment service provider NHN KCP partners with Avalanche to build a payments-dedicated Layer 1 network
According to The Block, Korean payment service provider NHN KCP has signed a memorandum of understanding with Ava Labs to jointly build a Layer 1 network for payment use cases on Ava Cloud. The initiative will focus on three key areas: sub-second payment confirmation, on-chain transaction data encryption, and customizable merchant payment infrastructure. The two parties will also explore business opportunities including tokenized deposit models, multi-stablecoin settlement architectures, and cross-border payments. Justin Kim, Head of Asia at Ava Labs, stated that the mainnet launch timeline for this L1 will depend significantly on the progress of South Korea’s cryptocurrency regulatory framework.
Related news
Avalanche Foundation Launches Research Grant Program Focusing on Tokenomics and Validator Mechanisms
the Avalanche Foundation has announced the launch of its Research Grant Program (Call For Research Proposals), open to academic researchers worldwide with individual grants of up to $50,000. The program focuses on research related to Avalanche network economics, with emphasis on two core areas: first, crypto asset pricing and valuation, concentrating on how native assets of PoS public chains accrue value, including token issuance mechanisms, monetary policy, network adoption rates, and their relationship with long-term value; second, validator economics and network security, with key topics including optimal staking ratios, validator reward models, validator set health, and non-inflationary reward mechanisms.
Avalanche Foundation: Supporting DeFi United to Restore rsETH Collateral Support
the Avalanche Foundation posted on platform X, stating its support for DeFi United. This is a coordinated action aimed at restoring rsETH collateral support following the incident on April 18. DeFi is undergoing public stress tests with transparent ledgers and real accountability, whereas traditional financial systems often require months or years to complete such repairs. The Avalanche Foundation expressed its support for Aave and the broader DeFi ecosystem.
A user purchased $58,800 worth of the NHL Playoffs Western First Round "Colorado Avalanche vs. Los Angeles Kings" position
Odaily Seer Prophet Channel monitoring shows that in the Polymarket "NHL Playoffs Western First Round: Colorado Avalanche vs. Los Angeles Kings" prediction event, an account (0x47a83fb1debcd11cc93f3bbbf5aeb3a5caeb52f9) purchased approximately $58,800 worth of the "Colorado Avalanche vs. Los Angeles Kings" position. The entry price was 60¢, the current price is 59.5¢, resulting in an unrealized loss of approximately $494.In the NHL Playoffs Western First Round series between the Colorado Avalanche and Los Angeles Kings, the Avalanche currently hold a 2-0 lead. Both of the first two games were decided by a one-goal margin, with the series overall showing a low-scoring trend. The next game will shift to the Los Angeles Kings' home ice.Odaily Seer Prophet Channel continues to monitor the prediction market, seeing the changes before the prices are set.
AVAX One Announces Q1 Results: Holds ~14 Million AVAX, Revenue Doubles Quarter-on-Quarter
According to GlobeNewswire, AVAX One—a Nasdaq-listed treasury company holding AVAX—has released its Q1 2026 financial results. Benefiting from Avalanche staking yields and growth in Bitcoin mining operations, quarterly revenue doubled sequentially to $2.4 million. Regarding asset allocation, AVAX One disclosed that it currently holds approximately 14 million AVAX tokens, over 90% of which are staked. Additionally, the company has signed a letter of intent to build a 10 MW Tier-3 AI/HPC data center project in Alberta, Canada, aiming to execute a dual-driven strategic layout leveraging both “crypto asset yields” and “computing infrastructure.”
JPYC, the issuer of the yen-pegged stablecoin, has completed a $17.62 million Series B extension round.
According to NADA NEWS, JPYC, the issuer and operator of the Japanese yen-pegged stablecoin JPYC, announced that it has raised an additional $17.62 million in the second closing of its Series B funding round. Combined with the first closing, the total funds raised are expected to reach approximately $28.93 million. Participating investors include NCB Venture Capital, Metaplanet, Kitao Bank, and Yokohama Capital, among others. The newly raised capital will be primarily used for system and application development, hiring talent for business expansion, stablecoin issuance and redemption, trading, payments, management-related operations, and new strategic investments. JPYC stated that, as of April 15, its cumulative issuance has exceeded approximately $13.21 million. The stablecoin is currently supported on Avalanche, Ethereum, and Polygon, and the company is considering adding support for Kaia and Arc.
Curve Finance Suspends LayerZero Cross-Chain Bridging Functionality in Response to rsETH Infrastructure Hack
According to an official announcement from Curve Finance, due to a hacker attack on the rsETH LayerZero infrastructure, Curve Finance has suspended its LayerZero infrastructure for security reasons, pending further investigation into the root cause before resuming operations. This suspension affects the following: cross-chain bridging of CRV tokens from BNB Chain, Sonic, Avalanche, Fantom, Etherlink, and Kava (chains using native bridges remain unaffected), as well as the crvUSD fast bridge functionality (the L2 slow bridge remains fully operational). Meanwhile, KelpDAO is also reported to have suffered a vulnerability exploit involving approximately $291 million; the exact extent of losses is still under investigation.