Avalanche is surging with a notable 8% uptick in the last 30 days, which saw AVAX’s price surpass the $35 mark. As Avalanche’s TVL grows, onlookers anticipate that it could soon compete against DeFi giants such as Ethereum now that its market cap has surpassed $20 billion.
Adding to AVAX’s bullish trajectory is a recent upgrade to Avalanche9000, a move that could soon attract large numbers of developers to Avalanche. With the Avalanche9000 upgrade, developers can quickly launch custom blockchains called subnets on top of Avalanche’s growing ecosystem.
However, while AVAX is set to grow, a newly established micro-payment solution could soon surpass AVAX thanks to its high rate of adoption among whales. Introducing Remittix, which is a revolutionary payment network working to bridge the gap between crypto and fiat transactions across the globe. With an ongoing presale where its RTX token is priced at only $0.015, Remittix is set to become the leading authority in the new narrative that is PayFi.
Avalanche launches its biggest upgrade as TVL expands
The TVL across Avalanche’s ecosystem now stands at a 2-year high of over $1.6 billion, with over 400 protocols launching on its network. Compared to Ethereum’s 1,247 protocols, Avalanche’s TVL is catching up, considering it was only launched in 2020. Avalanche now ranks among the top 10 DeFi networks and has seen its DeFi ecosystem grow over 19% in the last month.
Further adding to AVAX’s bullish outlook is the recent token sale aimed at facilitating an upgrade to Avalanche9000. The token sale saw Avalanche raise $250 million with the participation of major firms such as Galaxy Digital and Dragonfly. The Avalanche9000 upgrade is a step forward in evolving Avalanche’s ecosystem as it is set to cut deployment costs to Avalanche’s layer-1 by a whopping 99.9%.
Remittix leads the PayFi revolution with its global payment network
As Avalanche’s TVL grows, emerging protocols on Ethereum’s network are advancing the PayFi revolution, as seen with the advent of Remittix’s ongoing presale. Remittix is a game changer in the world of crypto-to-fiat transactions.
The global crypto payment market is projected to grow at a CAGR rate of 16%-20% by 2030. Some of the key drivers to this growth include increased global adoption of digital assets, a rise in institutional adoption of cross-border payments, and increasing integration of crypto payments among merchants and fintech platforms.
Remittix is leading the PayFi charge with its layer-2 network that is built on Ethereum to facilitate a hybrid crypto-cash system, boasting minimal fees and a global reach that makes it accessible to anyone. Remittix obscures all the complexity that comes with exchanging cryptocurrencies and thrives on simplicity, such that a recipient can receive fiat money through a bank transfer without knowing that the transaction originated in crypto.
Thanks to Remittix, crypto holders can facilitate crypto-to-fiat transactions across the globe without worrying about hidden fees or costly network gas. There is also an API that businesses can use to accept crypto payments from customers, greatly enhancing its utility.
Remittix’s ongoing presale has launched a massive $250,000 giveaway that will reward participants for performing simple tasks. Now is the best time to grab some RTX, as only 50% of tokens are available during the presale.
Discover the future of PayFi with Remittix by checking out their presale here:
Website:https://remittix.io/
Socials: https://linktr.ee/remittix
The post AVAX News: Avalanche Raises $250 Million as TVL Hits 2-Year High, But Could Be Outperformed By This New PayFi Gem appeared first on ETHNews.
