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Avalanche's block production halt was not a result of an inscription wave, according to Ava Labs co-founder Kevin Sekniqi. The layer-1 platform experienced a major technical disruption on Friday, with block production halting for an extended period.
Layer-1 network Avalanche has failed to produce a block for more than an hour, Ava Labs co-founder Kevin Sekniqi said the issue "seems to be related to a new inscription wave."
Avalanche's C-Chain stopped producing blocks at around 6:30 am ET Friday, the cause of which is currently under investigation.
The Avalanche blockchain has experienced a significant downtime, failing to produce new blocks for over an hour, according to PeckShield, a blockchain security and data analytics company.
In a concerning turn of events, the Avalanche (AVAX) cryptocurrency witnessed a significant platform outage, leading to a drop in AVAX price. Now, the market participants are growing increasingly wary as the platform grapples with issues related to block finalization, leaving many to speculate on the root cause and potential resolution.
Avalanche blockchain experiences a technical disruption in block production, possibly linked to a newly launched inscription wave. Ava Labs co-founder assures the community of swift resolution.
Ava Labs co-founder Kevin Sekniqi believes that the issue may be related to a recently launched inscription wave.
The last block on the Avalanche C-Chain appears to have been more than an hour ago, according to on-chain data.
Avalanche experiences notable ecosystem expansion, but AVAX continues to decline.
There have been many exciting developments in the crypto market since the start of 2024, and many cryptocurrencies have been making major moves, with perhaps the biggest star of the most recent period being Ethereum (ETH) as it reclaimed $3,000 for the first time in almost full two years.
The cryptocurrency market is on edge as Avalanche's native token AVAX grapples with significant challenges ahead of an impending token unlock. With 9.5 million AVAX set to enter circulation, investors are closely monitoring market dynamics and anticipating the potential impact on AVAX's price trajectory and overall market sentiment.
As Avalanche's native token, AVAX, faces a substantial token unlocking event worth $365 million, questions arise about its recent underperformance and the factors influencing crypto markets. In this detailed analysis, we dissect Avalanche's AVAX plunge, delve into the repercussions of token unlocks, and explore alternative investment opportunities amid market uncertainty.
Tensions look set to rise between Avalanche and Polygon over Sports Illustrated Tickets migration.
Bulls failed to hold Bitcoin price above $52,000, possibly marking the start of a short-term trend change in BTC and altcoins.
Avalanche (AVAX) has seen nearly $1 billion worth of value vanishing from its market cap on February 21. This happened in anticipation of Avalanche's awaited token unlock and sell-offs, as reported by Finbold on February 17.
The price of Avalanche's AVAX token has dipped over 3% in the past week, bucking the bullish trend in the broader cryptocurrency market. This comes amidst a $365 million unlocking event that increased the token's circulating supply by 2.6%.
In the bustling world of cryptocurrencies, Avalanches native token, AVAX, has recently found itself in a tough spot. While the broader market has been enjoying positive gains, AVAX has been struggling to keep up, facing a notable decline in value.
Sports Illustrated Tickets has made a significant move by shifting its NFT ticketing service to the Avalanche blockchain. This strategic decision marks a pivotal moment in the evolution of digital ticketing platforms, leveraging the capabilities of blockchain technology to enhance security, efficiency, and user experience.
In the past, similar large token releases in the crypto world have typically led to price drops. This occurs because the increased supply of tokens can surpass demand, causing prices to fall.
Avalanche's native cryptocurrency, AVAX, has experienced underperformance in the market leading up to a significant event: the unlocking of $365 million worth of tokens. This unlocking event has garnered attention due to its potential impact on AVAX's price and market dynamics.
Avalanche (AVAX) dipped over 3% this week, even as the rest of the crypto market saw gains.
Avalanche has purchased a stake in Sports Illustrated Tickets and become the blockchain provider for its NFT-enabled ticketing service, Box Office.
Avalanche's AVAX was one of the few crypto assets that dipped in price over the past week as the token will undergo a $365 million unlocking event scheduled this week.
