Cryptheory: Crypto and Internet

cryptocurrency and internet meaning, guides, learning

Why did AVAX grow by 350% in just a month? Here are three main reasons

3 min read
August 22, 2021 Roman Blecha

First layer blockchain networks such as Bitcoin and Ethereum form the basis of the cryptocurrency ecosystem. They enable the function of smart contracts, which have enabled the creation of new industries such as DeFi and NFT. AVAX is a relatively new solution of the first layer, in which there has been a significant increase in price and adoption recently.

The dominant platform for smart contracts (ETH) continues to struggle with high transaction fees. The problem is also the slower processing time compared to competitors.

TradingView data shows that AVAX has achieved minimum $ 9.47 exactly a month ago (July 21). Since then, the price has climbed more than 350% higher and is currently being traded for over $ 43.00. Its 24-hour trading volume has grown to more than $ 1.4 billion.

AVAX / USDT 1D. Source: TradingView
AVAX / USDT 1D. Source: TradingView

Why did the token grow so fast? Here they are three reasons significant price increase:

  • the rapidly evolving DeFi ecosystem
  • release of the Avalanche bridge for ETH
  • a unique tokenomic protocol design that offers dynamic fees and a token burning mechanism

Avalanche Rush expands the DeFi ecosystem

One of the biggest advances in the Avalanche protocol was the announcement of the program Avalanche Rush August 18th. It is a $ 180 million stimulus program launched in partnership with Aave and Curve. It is designed to present more applications and assets in its growing DeFi ecosystem.StormGain

Phase 1 of the Rush program is scheduled to begin in the near future and will allow AVAX to be used as a liquidity stimulus for Aave and Curve users for 3 months. A total of $ 27 million in AVAX was allocated through the Avalanche Foundation to fund the program with additional allocations planned for Phase 2.

Proof of growth DeFi in the Avalanche network can be found in the increasing total locked value (TVL) in the protocols in the network.

ETH bridge facilitates property migration

The second reason for growth is issue of Avalanche Bridge (AB) on July 29. This next-generation chain bridging technology enables the transfer of assets between Avalanche and the Ethereum network.

Three weeks after the launch of AB, switched between the two networks a token value of more than $ 100 million. Holders are looking for an environment with lower fees for carrying out their transactions.

It is estimated that AB is five times cheaper than the previous Avalanche-ETH Bridge (AEB). It reportedly offers a better user experience than any cross-blockchain bridges that have been launched so far.

If ETH fails to handle high transaction fees, there is a good chance that assets and liquidity will continue to migrate to chains like Avalanche.

Transaction burning improves AVAX tokenomics

The third reason for the growing interest in the Avalanche network is the unique tokenomic structure of the protocol. It contains mechanism for burning transaction fees which helps to reduce the circulating supply over time.

As mentioned in the above tweet, all Avalanche fees are incinerated for the benefit of everyone in the community. The fixed bid of 720 million AVAX is guaranteed to decline over time. This could help increase the value of the remaining tokens in circulation. At the time of writing, it was burned more than 163,000 AVAX.

The network charging mechanism will also upgrade to the third phase of Apricot, which will introduce dynamic C-Chain charges on 24 August.

Share this post
Tags:
All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

More for Reading

Sony and Amazon should start the big wave of NFT adoption soon? 2 min read

Sony and Amazon should start the big wave of NFT adoption soon?

March 28, 2023 Jackie
1,000 EUR limit for self-hosted wallets on the table? 2 min read

1,000 EUR limit for self-hosted wallets on the table?

March 28, 2023 Jackie
G7 want stricter crypto regulation 2 min read

G7 want stricter crypto regulation

March 28, 2023 Jackie
Important eveńts for crypto this week 5 min read

Important eveńts for crypto this week

March 27, 2023 Jackie
"Skull of Satoshi" saw the light of day 2 min read

“Skull of Satoshi” saw the light of day

March 26, 2023 Jackie
Spam policies for Google web search bookmark_border Our spam policies help protect users and improve the quality of search results. To be eligible to appear in Google web search results (web pages, images, videos, news content or other material that Google finds from across the web), content shouldn't violate Google Search's overall policies or the spam policies listed on this page. These policies apply to all web search results, including those from Google's own properties. We detect policy-violating content and behaviors both through automated systems and, as needed, human review that can result in a manual action. Sites that violate our policies may rank lower in results or not appear in results at all. If you believe that a site is violating Google's spam policies, let us know by filing a search quality user report. We're focused on developing scalable and automated solutions to problems, and we'll use these reports to further improve our spam detection systems. Our policies cover common forms of spam, but Google may act against any type of spam we detect. Cloaking Cloaking refers to the practice of presenting different content to users and search engines with the intent to manipulate search rankings and mislead users. Examples of cloaking include: Showing a page about travel destinations to search engines while showing a page about discount drugs to users Inserting text or keywords into a page only when the user agent that is requesting the page is a search engine, not a human visitor If your site uses technologies that search engines have difficulty accessing, like JavaScript or images, see our recommendations for making that content accessible to search engines and users without cloaking. If a site is hacked, it's not uncommon for the hacker to use cloaking to make the hack harder for the site owner to detect. Read more about fixing hacked sites and avoiding being hacked. If you operate a paywall or a content-gating mechanism, we don't consider this to be cloaking if Google can see the full content of what's behind the paywall just like any person who has access to the gated material and if you follow our Flexible Sampling general guidance. Doorways Doorways are sites or pages created to rank for specific, similar search queries. They lead users to intermediate pages that are not as useful as the final destination. Examples of doorways include: Having multiple websites with slight variations to the URL and home page to maximize their reach for any specific query Having multiple domain names or pages targeted at specific regions or cities that funnel users to one page Pages generated to funnel visitors into the actual usable or relevant portion of your site(s) Substantially similar pages that are closer to search results than a clearly defined, browseable hierarchy Hacked content Hacked content is any content placed on a site without permission, due to vulnerabilities in a site's security. Hacked content gives poor search results to our users and can potentially install malicious content on their machines. Examples of hacking include: Code injection: When hackers gain access to your website, they might try to inject malicious code into existing pages on your site. This often takes the form of malicious JavaScript injected directly into the site, or into iframes. Page injection: Sometimes, due to security flaws, hackers are able to add new pages to your site that contain spammy or malicious content. These pages are often meant to manipulate search engines or to attempt phishing. Your existing pages might not show signs of hacking, but these newly-created pages could harm your site's visitors or your site's performance in search results. Content injection: Hackers might also try to subtly manipulate existing pages on your site. Their goal is to add content to your site that search engines can see but which may be harder for you and your users to spot. This can involve adding hidden links or hidden text to a page by using CSS or HTML, or it can involve more complex changes like cloaking. Redirects: Hackers might inject malicious code to your website that redirects some users to harmful or spammy pages. The kind of redirect sometimes depends on the referrer, user agent, or device. For example, clicking a URL in Google Search results could redirect you to a suspicious page, but there is no redirect when you visit the same URL directly from a browser. Here are our tips on fixing hacked sites and avoiding being hacked. Hidden text and links Hidden text or links is the act of placing content on a page in a way solely to manipulate search engines and not to be easily viewable by human visitors. Examples of hidden text or links that violate our policies: Using white text on a white background Hiding text behind an image Using CSS to position text off-screen Setting the font size or opacity to 0 Hiding a link by only linking one small character (for example, a hyphen in the middle of a paragraph) There are many web design elements today that utilize showing and hiding content in a dynamic way to improve user experience; these elements don't violate our policies: Accordion or tabbed content that toggle between hiding and showing additional content Slideshow or slider that cycles between several images or text paragraphs Tooltip or similar text that displays additional content when users interact with over an element Text that's only accessible to screen readers and is intended to improve the experience for those using screen readers Keyword stuffing Keyword stuffing refers to the practice of filling a web page with keywords or numbers in an attempt to manipulate rankings in Google Search results. Often these keywords appear in a list or group, unnaturally, or out of context. Examples of keyword stuffing include: Lists of phone numbers without substantial added value Blocks of text that list cities and regions that a web page is trying to rank for Repeating the same words or phrases so often that it sounds unnatural. For example: Unlimited app store credit. There are so many sites that claim to offer app store credit for $0 but they're all fake and always mess up with users looking for unlimited app store credits. You can get limitless credits for app store right here on this website. Visit our unlimited app store credit page and get it today! Link spam Google uses links as an important factor in determining the relevancy of web pages. Any links that are intended to manipulate rankings in Google Search results may be considered link spam. This includes any behavior that manipulates links to your site or outgoing links from your site. The following are examples of link spam: Buying or selling links for ranking purposes. This includes: Exchanging money for links, or posts that contain links Exchanging goods or services for links Sending someone a product in exchange for them writing about it and including a link Excessive link exchanges ("Link to me and I'll link to you") or partner pages exclusively for the sake of cross-linking Using automated programs or services to create links to your site Requiring a link as part of a Terms of Service, contract, or similar arrangement without allowing a third-party content owner the choice of qualifying the outbound link Text advertisements or text links that don't block ranking credit Advertorials or native advertising where payment is received for articles that include links that pass ranking credit, or links with optimized anchor text in articles, guest posts, or press releases distributed on other sites. For example: There are many wedding rings on the market. If you want to have a wedding, you will have to pick the best ring. You will also need to buy flowers and a wedding dress. Low-quality directory or bookmark site links Keyword-rich, hidden, or low-quality links embedded in widgets that are distributed across various sites Widely distributed links in the footers or templates of various sites Forum comments with optimized links in the post or signature, for example: Thanks, that's great info! - Paul paul's pizza san diego pizza best pizza san diego Google does understand that buying and selling links is a normal part of the economy of the web for advertising and sponsorship purposes. It's not a violation of our policies to have such links as long as they are qualified with a rel="nofollow" or rel="sponsored" attribute value to the tag. Machine-generated traffic Machine-generated traffic consumes resources and interferes with our ability to best serve users. Examples of automated traffic include: Sending automated queries to Google Scraping results for rank-checking purposes or other types of automated access to Google Search conducted without express permission Such activities violate our spam policies and the Google Terms of Service. Malware and malicious behaviors Google checks websites to see whether they host malware or unwanted software that negatively affects the user experience. Malware is any software or mobile application specifically designed to harm a computer, a mobile device, the software it's running, or its users. Malware exhibits malicious behavior that can include installing software without user consent and installing harmful software such as viruses. Site owners sometimes don't realize that their downloadable files are considered malware, so these binaries might be hosted inadvertently. Unwanted software is an executable file or mobile application that engages in behavior that is deceptive, unexpected, or that negatively affects the user's browsing or computing experience. Examples include software that switches your home page or other browser settings to ones you don't want, or apps that leak private and personal information without proper disclosure. Site owners should make sure they don't violate the Unwanted Software Policy and follow our guidelines. Misleading functionality Site owners should create websites with high quality content and useful functionality that benefits users. However, some site owners intend to manipulate search ranking by intentionally creating sites with misleading functionality and services that trick users into thinking they would be able to access some content or services but in reality can not. Examples of misleading functionality include: A site with a fake generator that claims to provide app store credit but doesn't actually provide the credit A site that claims to provide certain functionality (for example, PDF merge, countdown timer, online dictionary service), but intentionally leads users to deceptive ads rather than providing the claimed services Scraped content Some site owners base their sites around content taken ("scraped") from other, often more reputable sites. Scraped content, even from high quality sources, without additional useful services or content provided by your site may not provide added value to users. It may also constitute copyright infringement. A site may also be demoted if a significant number of valid legal removal requests have been received. Examples of abusive scraping include: Sites that copy and republish content from other sites without adding any original content or value, or even citing the original source Sites that copy content from other sites, modify it only slightly (for example, by substituting synonyms or using automated techniques), and republish it Sites that reproduce content feeds from other sites without providing some type of unique benefit to the user Sites dedicated to embedding or compiling content, such as videos, images, or other media from other sites, without substantial added value to the user Sneaky redirects Redirecting is the act of sending a visitor to a different URL than the one they initially requested. Sneaky redirecting is doing this maliciously in order to either show users and search engines different content or show users unexpected content that does not fulfill their original needs. Examples of sneaky redirects include: Showing search engines one type of content while redirecting users to something significantly different Showing desktop users a normal page while redirecting mobile users to a completely different spam domain While sneaky redirection is a type of spam, there are many legitimate, non-spam reasons to redirect one URL to another. Examples of legitimate redirects include: Moving your site to a new address Consolidating several pages into one Redirecting users to an internal page once they are logged in When examining if a redirect is sneaky, consider whether or not the redirect is intended to deceive either the users or search engines. Learn more about how to appropriately employ redirects on your site. Spammy automatically-generated content Spammy automatically generated (or "auto-generated") content is content that's been generated programmatically without producing anything original or adding sufficient value; instead, it's been generated for the primary purpose of manipulating search rankings and not helping users. Examples of spammy auto-generated content include: Text that makes no sense to the reader but contains search keywords Text translated by an automated tool without human review or curation before publishing Text generated through automated processes without regard for quality or user experience Text generated using automated synonymizing, paraphrasing, or obfuscation techniques Text generated from scraping feeds or search results Stitching or combining content from different web pages without adding sufficient value If you're hosting such content on your site, you can use these methods to exclude them from Search. Thin affiliate pages Thin affiliate pages are pages with product affiliate links on which the product descriptions and reviews are copied directly from the original merchant without any original content or added value. Affiliate pages can be considered thin if they are a part of a program that distributes its content across a network of affiliates without providing additional value. These sites often appear to be cookie-cutter sites or templates with the same or similar content replicated within the same site or across multiple domains or languages. If a Search results page returned several of these sites, all with the same content, thin affiliate pages would create a frustrating user experience. Not every site that participates in an affiliate program is a thin affiliate. Good affiliate sites add value by offering meaningful content or features. Examples of good affiliate pages include offering additional information about price, original product reviews, rigorous testing and ratings, navigation of products or categories, and product comparisons. User-generated spam User-generated spam is spammy content added to a site by users through a channel intended for user content. Often site owners are unaware of the spammy content. Examples of spammy user-generated content include: Spammy accounts on hosting services that anyone can register for Spammy posts on forum threads Comment spam on blogs Spammy files uploaded to file hosting platforms Here are several tips on how to prevent abuse of your site's public areas. Here are our tips on fixing hacked sites and avoiding being hacked. Other behaviors that can lead to demotion or removal Legal removals When we receive a high volume of valid copyright removal requests involving a given site, we are able to use that to demote other content from the site in our results. This way, if there is other infringing content, people are less likely to encounter it versus the original content. We apply similar demotion signals to complaints involving defamation, counterfeit goods, and court-ordered removals. Personal information removals If we process a high volume of personal information removals involving a site with exploitative removal practices, we demote other content from the site in our results. We also look to see if the same pattern of behavior is happening with other sites and, if so, apply demotions to content on those sites. We may apply similar demotion practices for sites that receive a high volume of doxxing content removals. Furthermore, we have automatic protections designed to prevent non-consensual explicit personal images from ranking highly in response to queries involving names. Policy circumvention If you continue to engage in actions intended to bypass our spam policies or content policies for Google Search, we may take appropriate action which may include restricting or removing eligibility for some of our search features (for example, Top Stories, Discover). Circumvention includes but is not limited to: Creating or using multiple sites with the intention of continuing to violate our policies Using other methods intended to continue distributing content or engaging in a behavior that aims to violate our policies Scam and fraud Scam and fraud come in many forms, including but not limited to impersonating an official business or service through imposter sites, intentionally displaying false information about a business or service, or otherwise attracting users to a site on false pretenses. Using automated systems, Google seeks to identify pages with scammy or fraudulent content and prevent them from showing up in Google Search results. Examples of online scams and fraud include: Impersonating a well-known business or service provider to trick users into paying money to the wrong party Creating deceptive sites pretending to provide official customer support on behalf of a legitimate business or provide fake contact information of such business 2 min read

Circle’s CEO: “We are seeing crypto firms fleeing the US”

March 26, 2023 Jackie

Leave a Reply

Your email address will not be published. Required fields are marked *