Avalanche (AVAX) has continuously experienced on-chain growth in Q3 2024 with Its total value locked (TVL) surpassing $7.8 billion, increasing by 156% since January 2024. The recent Durango upgrade and partnerships with big institutions have fueled this growth.
These developments have pushed the AVAX price up by 34% in the past month. Meanwhile, Cutoshi, an emerging Ethereum based hybrid utility token, has captured market attention with a 46% price surge during its presale phase, attracting Avalanche holders.
Avalanche (AVAX): Reshaping DeFi Through Institutional Adoption
Avalanche’s strategic developments have positioned it as a major force in the DeFi sector. The network’s Durango upgrade has revolutionized cross-chain communication through Avalanche Warp Messaging (AWM), driving significant institutional interest. Major financial institutions, including Citi and Wellington Management, have committed over $350 million to projects building on the Avalanche ecosystem.
The platform’s integration with Stripe has notably impacted user adoption, with daily active addresses increasing by 89% since the partnership announcement. This surge in activity has contributed to AVAX price maintaining support above the $25 level, with analysts projecting potential resistance at $42 based on current market momentum.
Despite a recent whale transfer causing a temporary 10% dip, Avalanche’s ecosystem metrics remain strong. The platform’s subnet technology has processed over 2.1 million transactions in the past week alone, highlighting its growing utility in the DeFi space.
SOURCE: Tradingview
Cutoshi: Emerging As A DeFi Game Changer
While AVAX builds institutional infrastructure, Cutoshi has emerged as a promising contender in the DeFi space. Currently trading at $0.022 in stage two of its presale, and its latest listing on CoinMarketCap, the project has already delivered a 46% return on investment for early participants, attracting significant attention from traditional DeFi investors.
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Cutoshi’s multi-chain DEX alignment with current market trends has drawn particular interest. The platform’s innovative approach to cross-chain trading addresses a crucial market need, with analysts predicting potential 100x gains based on similar successful launches in the DeFi sector.
The project’s unique meme appeal and practical utility set it apart in the crowded cryptocurrency space. Through its community-driven reward mechanism and educational initiative, Cutoshi is positioning itself to capture a significant share of the growing DeFi market, which is projected to reach $48.02 billion by 2031.
Cutoshi And Avalanche Are Laying The Groundwork For The Future Of Defi
As Avalanche continues strengthening institutional DeFi adoption and Cutoshi emerges as a promising utility-focused project, both platforms contribute to the sector’s evolution.
With the robust infrastructure development from Avalanche and Cutoshi’s innovative approach to DeFi accessibility, investors have compelling opportunities in both established and emerging projects within the space.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://twitter.com/CutoshiToken
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