The crypto market is always volatile, with prices of tokens and coins fluctuating based on a variety of factors.This year, some of the major players in the market have seen mixed results.Avalanche (AVAX) has struggled to provide returns to its investors, while the founder of Cardano (ADA) has had to deal with FUDDER.Despite the market turbulence caused by the delay in returns for Avalanche (AVAX) investors and the Cardano (ADA) founder’s criticism of fudders, RenQ Finance (RENQ) has established itself as a must-have token for investors in 2023 due to its compelling project features, ability to fill a market gap, strong appeal to investors, and high potential for success.Avalanche (AVAX) Struggles to Provide Returns to Investors Avalanche (AVAX) is a blockchain platform that aims to provide fast and low-cost transactions to users.While the project has gained popularity, its token price has struggled to keep up with its potential.Despite having a strong community and partnerships, AVAX has failed to provide the returns that its investors were hoping for.This has led to concerns among some investors about the future of the project.
Cardano (ADA) Founder Slams FUDDER Charles Hoskinson, the founder of Cardano (ADA), has been dealing with criticism from critics who have spread FUD (fear, uncertainty, and doubt) about the project.Hoskinson has taken to social media to slam these FUDDERS, arguing that they are spreading false information about the project.Hoskinson has highlighted the progress that Cardano has made in terms of its development and partnerships and believes that the project is on track to achieve its goals.BUY RENQ TOKENS HERE Avalanche Avalanche Sees Surge In BTC Bridged To Its Network With Over $44 Million In Bitcoin Ported On Thursday According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day.
Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network.Bitcoin Bridged to Avalanche Rises Thirty-eight days ago, Bitcoin.com News reported that the number of bitcoin (BTC) ported over to the Avalanche network had surpassed the capacity of the Lightning Network.On Thursday, a significant amount of bitcoin was moved to Avalanche (AVAX) in the form of Avalanche bridged bitcoin, also known as BTCb.Statistics from Dune Analytics show that more than 2,000 BTC, or roughly $44.7 million worth of bitcoin, was bridged to the AVAX chain.
Since our report on January 24, 2023, the number of BTCb has risen 62%, from 5,248 to 8,504 BTCb.The BTCb supply is still greater than the number of bitcoin contained in public Lightning Network channels, which is 5,421.50 BTC at the time of writing.
Over the 38 days since BTCb surpassed the total on public channels, its supply has grown 38% larger than the Lightning Network capacity.To date, BTCb has seen 367,392 transfers, and the bridged bitcoins are held by 4,420 unique addresses.A large number of BTCb are stored on the decentralized finance protocols Benqi and GMX.Onchain data recorded on March 3 shows that 1,317 BTCb are stored within the GMX Vault.Although BTCb has outpaced capacity held on platforms such as the Lightning Network, Blockstream’s Liquid, and RSK’s sidechain, its supply still has some ground to cover to catch up to WBTC and the Binance Smart Chain-issued BEP20 token BTCB.As of the time of writing, there are 53,023 BTCB in circulation and 153,164 WBTC in circulation.
Tags in this story Avalanche, AVAX, BENQI, BEP20, Bitcoin, Blockchain, Bridge, bridged Bitcoin, Bridges, BTCB, Crypto, Cryptocurrency, decentralized finance, DeFi, Digital Currency, Dune Analytics, Finance, GMX, investment, lightning network, Liquid, market, network, Onchain data, protocol, public channels, RSK, Supply, trading, transfer, Unique addresses, Virtual Currency, WBTC What do you think about the recent surge in bitcoin bridged to the Avalanche network? Share your thoughts about this topic in the comments section below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Top posts 19th century2 hours ago Silicon Valley Bank Failure Highlights Dangers Of Fractional-Reserve Banking After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of…appropriately capitalized4 hours ago Report: Silicon Valley Bank Under FDIC Auction As Calls For Bailout Grow The U.S.
Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according…Auto-Conversion8 hours ago USDC Dominated Trading Volume On Decentralized Exchanges Amidst Depegging Incident On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions.However, USDC experienced a significant trading…altcoin11 hours ago Chiliz distances itself from recent crypto drama but CHZ was… CHZ took on losses despite Chiliz not being directly exposed to events that triggered losses.CHZ bulls are looking to…
altcoin12 hours ago PancakeSwap’s attempt to flip Uniswap’s TVL thwarted for now PancakeSwap enhances its strategy for its next attempt at surpassing Uniswap’s TVL.The latest transaction volume data reveals a win…Africa12 hours ago South African Rand Plunges To New 2023 Low Versus The US Dollar Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell…Cryptocurrency13 hours ago Polygon (MATIC) Launches Decentralized ID Infrastructure, Cardano (ADA) To Enter Voltaire Age Soon, TMS Network (TMSN) Already Surpassed Stage 1 Of Presale Cryptocurrency traders and investors dedicated to the Web3 space know that one of the essential aspects of making a genuine…https://news.btcminingvolt.io/cryptocurrency/filecoin-fil-drops-in-the-last-week-storj-storj-on-the-rise-and-tms-network-tmsn-has-passed-stage-1-of-presale/ Filecoin (FIL) Drops In The Last Week, Storj (STORJ) On The Rise And TMS Network (TMSN) Has Passed Stage 1 Of Presale Within the Web3 industry, new projects are consistently popping up that grab the attention of investors or traders with their…https://news.btcminingvolt.io/cryptocurrency/aptos-apt-may-face-selling-pressure-algorand-algo-wallet-advises-to-withdraw-funds-tms-network-tmsn-completes-stage-1-of-presale-already/ Aptos (APT) May Face Selling Pressure, Algorand (ALGO) Wallet Advises To Withdraw Funds, TMS Network (TMSN) Completes Stage 1 Of Presale Already Investors are beginning to gravitate towards presales that can bring something new, as they represent low-cost investments with high–growth potential…https://news.btcminingvolt.io/cryptocurrency/ethereum-classic-etc-make-investors-gains-will-hedgeup-hdup-do-the-same/ Ethereum Classic (ETC) Make Investors Gains! Will HedgeUP (HDUP) Do The Same? After an observed uptrend in the Ethereum Classic charts in the first couple of months, its holders are smiling to…Latest News13 hours ago Top 5 Most Innovative Companies In Data Science The top 5 most innovative companies in data science are willing to offer handsome wages The top 5 most innovative…
GameFi14 hours ago The Future Of GameFi? GALA And DigiToads On The Rise The world of decentralized finance and NFTs have been making waves in recent years, and two names are standing out…Gaming14 hours ago Top 3 Web3 Gaming Projects Of 2023: Axie Infinity, DigiToads, And CryptoKitties Web3 is revolutionizing the gaming world with its decentralized platform allowing unprecedented player ownership, control, and creativity.The blockchain technology…Uncategorized14 hours ago Revised Bill Suggests Prison Time For Russian Crypto Miners Evading Taxation A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets…
Cryptocurrency14 hours ago Top 3 Promising De-Fi Projects In The Crypto World: TMS Network (TMSN), Uniswap (UNI), And Fantom (FTM) The crypto-verse is unlike any other industry or market.When the sentiment is positive, almost all cryptos in the industry…Cryptocurrency15 hours ago Optimism (OP) Interest Spikes With Coinbase Announcement While Fantom (FTM) Is In The Red And TMS Network (TMSN) Stage 1 Preasle Completes For a project to remain relevant and competitive within the broader blockchain space, it must innovate in numerous ways and…https://news.btcminingvolt.io/cryptocurrency/lido-dao-ldo-sees-record-breaking-daily-inflow-maker-mkr-gets-in-the-green-and-the-tms-network-tmsn-presale-completes-stage-1-quicker-than-anticipated/ Lido DAO (LDO) Sees Record-Breaking Daily Inflow, Maker (MKR) Gets In The Green And The TMS Network (TMSN) Presale Completes Stage 1 Quicker Than Anticipated The blockchain space is filled with the project, and from over 22,000 coins and tokens for investors and traders to…
https://news.btcminingvolt.io/cryptocurrency/renq-finance-renq-gears-up-to-replicate-polygon-matic-solana-sol-performance-in-the-upcoming-bull-run-in-2023/ RenQ Finance (RENQ) Gears Up To Replicate Polygon (MATIC), Solana (SOL) Performance In The Upcoming Bull Run In 2023 The Crypto world is now full of opportunities after the bear market of 2022, and RenQ Finance is ready for…Trending – Avalanche1 week ago Avalanche Sees Surge In BTC Bridged To Its Network With Over $44 Million In Bitcoin Ported On Thursday – Crypto news1 week ago Crypto Market Downtrend: Millions of Liquidations Recorded After the Looming Silvergate Concerns – altcoin1 week ago Tron burns hot as TRX readies itself for range breakout, details inside – Bitcoin6 days ago TeraWulf Launches America’s First 100% Nuclear-Powered Bitcoin Mining Facility In Pennsylvania – Canada6 days ago Spain A Hotbed For Cryptocurrency Real Estate Deals, According To Study – Crypto news6 days ago Factors Why Mt.Gox’s Impending $3 Billion Bitcoin Settlement May Not Cause a Sell-off – adoption1 week ago Galaxy Digital Report Predicts Bitcoin NFT Market Could Reach $4.5 Billion By 2025 – ABC News5 days ago Report: Perth Mint Faces $9 Billion Recall From China Over ‘Doped’ Gold Scandal []https://news.btcminingvolt.io/uncategorized/avalanche-sees-surge-in-btc-bridged-to-its-network-with-over-44-million-in-bitcoin-ported-on-thursday/ []https://news.btcminingvolt.io/news/crypto-market-downtrend-millions-of-liquidations-recorded-after-the-looming-silvergate-concerns/ []https://news.btcminingvolt.io/news/tron-burns-hot-as-trx-readies-itself-for-range-breakout-details-inside/ []https://news.btcminingvolt.io/news/terawulf-launches-americas-first-100-nuclear-powered-bitcoin-mining-facility-in-pennsylvania/ []https://news.btcminingvolt.io/uncategorized/spain-a-hotbed-for-cryptocurrency-real-estate-deals-according-to-study/ []https://news.btcminingvolt.io/news/factors-why-mt-goxs-impending-3-billion-bitcoin-settlement-may-not-cause-a-sell-off/ []https://news.btcminingvolt.io/uncategorized/galaxy-digital-report-predicts-bitcoin-nft-market-could-reach-4-5-billion-by-2025/ []https://news.btcminingvolt.io/uncategorized/report-perth-mint-faces-9-billion-recall-from-china-over-doped-gold-scandal/.
