Avalanche Sees Institutional Inflows as USDC Bridge and Three ETFs Launch
Avalanche Sees Institutional Inflows as USDC Bridge and Three ETFs Launch
🏔️ Avalanche's quiet week
Avalanche experienced several significant developments this week:
- Circle launched a USDC bridge for Avalanche C-Chain
- Three spot AVAX ETFs went live from VanEck, Grayscale, and Bitwise
- Daily transactions reached 3.6 million, indicating growing network activity
These developments suggest institutional capital is entering the Avalanche ecosystem. Dexalot, a central limit order book (CLOB) DEX on Avalanche, now offers AVAX/USDC trading with zero slippage on limit orders.
The platform reported $18.57M in 24-hour volume and $71M weekly volume, with $36B traded all-time.
🪙 Tokenized Gold Trading Launches on Dexalot DEX
**XAUT/USDC trading pair now available on Dexalot** Dexalot has launched XAUT/USDC trading, bringing tokenized gold to its decentralized exchange. XAUT represents physical gold stored in Swiss vaults, with each token backed by one troy ounce. **Key features:** - Set limit orders at precise prices without slippage - Orders remain at your chosen price regardless of market volatility - Non-custodial design keeps tokens in your wallet until execution - Full order book visibility before trading The platform uses a central limit order book (CLOB) model on Avalanche, allowing traders to specify exact entry prices. Orders wait in the book until filled at the designated price, even if the market moves significantly. This follows the earlier launch of XAUT/USDT trading on the platform in March. [Trade XAUT/USDC on Dexalot](http://app.dexalot.com/trade#XAUT/USDC)
Bitcoin Rebounds to $93K as Ethereum Hits $3K Milestone
**Bitcoin** surged back to **$93,000** while **Ethereum** crossed the **$3,000** threshold in today's crypto recovery. Key developments: - BTC showing strong resilience after recent volatility - ETH breaking psychological resistance at 3K level - **Fusaka upgrade** preparations continue for Ethereum network - Market optimism grows around potential **Fed rate cuts** The broader crypto market appears to be stabilizing after recent turbulence, with major assets posting solid gains across the board.