Ava Labs' regulatory courage fuels Avalanche's quiet acquisition

Since its launch in 2020, Avalanche (AVAX) has become a key player in the DeFi and blockchain sectors with high throughput, low cost and flexible smart contracts. It has over 16,000 dApps and over 2,000 active developers and solves Ethereum's scalability problem through its Proof of Stake (PoS) consensus mechanism, enabling near-instant transactions. AVAX is used for staking, handling fees and governance, and with partnerships with Aave and Curve, it reached a market capitalization of $8 billion in early 2024. Despite the competition, Avalanche is focused on regulatory compliance, including partnerships with the U.S. Department of Commerce and plans to expand in interoperability and tokenization of carbon credits.