Polkastarted integrated Avalanche after the success it had with CELO in a bid to attain its desired global multi-chain status as we can see more today in our latest blockchain news today.
As a part of the efforts to achieve its multi-chain goal, Polkastarted integrated Avalanche. The move to integrate it commenced after the success with the latest integration by the company with Celo. The new decision is now a part of the effort to become a global multichain as integrating Avalanche will make it available for IDOs and fixed swaps. With the integration, the users of the platform can take part in more IDOs by having access to the Avalanche ecosystem so the users can now pay lower network charges after the integration.
Polkastarter helped more than 90 projects raise capital thorugh its IDOs and speaking on the development, Polkastarter’s chief Executive Officer Daniel Stockhaus explained it will bring more liquidity for the project. He noted that with the integration, the IDO process of Polkastarter became even more accessible to participants and will propel the mission on multichain interoperability. In his words:
“Polkastarter is integrating Avalanche Network to bring more liquidity and foster community adoption of emerging protocols. Polkastarter’s IDO process becomes even more accessible to participants and will propel its mission on multichain interoperability. This integration is part of Polkastarter’s continuous effort on building a multichain world when more integrations are expected this year.”
Avalanche is a layer-1 blockchain with its own DEFI and Dapps ecosystem and can handle up to 6500 transactions making it one of the fastest blockchains and along with its cheap transaction fees and it has been hailed as a replacement for the counterpart Ethereum blockcahin. The avalanche team has been trying to extend the reach as it is now working on adding more bridges between the ecosystem and other networks. According to the reports, the developer-friendly dapp ecosystem and the sustained ecosystem support played a role in the recent progress. AVAX as the native token hit an all-time high of $146 but its value declined with the rest of the market and it is now trading for $88 as of press time.
As recently reported, The global investment manager VanEck expanded its crypto offerings by adding two new Exchange-traded Notes that track the performance of Polygon and Avalanche.
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