{"id":801707,"date":"2024-08-23T05:05:06","date_gmt":"2024-08-23T03:05:06","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/avalanche-gains-momentum-as-1-6t-investment-firm-expands-blockchain-presence-avax-surge-imminent\/"},"modified":"2024-08-23T05:11:15","modified_gmt":"2024-08-23T03:11:15","slug":"avalanche-gains-momentum-as-1-6t-investment-firm-expands-blockchain-presence-avax-surge-imminent","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/es\/avalanche-gains-momentum-as-1-6t-investment-firm-expands-blockchain-presence-avax-surge-imminent\/","title":{"rendered":"Avalanche Gains Momentum as $1.6T Investment Firm Expands Blockchain Presence\u2014AVAX Surge Imminent"},"content":{"rendered":"<ul>\n<li><strong>Franklin Templeton&#8217;s $1.6T asset expansion into Avalanche&#8217;s blockchain signals institutional confidence, boosting AVAX&#8217;s bullish momentum.<\/strong><\/li>\n<li><strong>The launch of AUSD on Avalanche strengthens the network&#8217;s ecosystem, increasing its attractiveness and potential for an AVAX price surge.<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>Avalanche (AVAX) was one of the Top 7 Hottest Crypto Picks for 2024, as CNF previously <a href=\"https:\/\/www.crypto-news-flash.com\/top-7-hottest-crypto-picks-for-2024-blockdag-ethereum-solana-cardano-polkadot-avax-and-chainlink\/\">highlighted<\/a>. On Thursday, AVAX gained 4%, and recent developments, including the launch of Franklin Templeton\u2019s and Agora&#8217;s fully-collateralized US digital dollar (AUSD) on the Avalanche network, suggest a possible price rally in the coming days.<\/p>\n<p>Franklin Templeton, managing $1.6 trillion in assets, has expanded its blockchain presence by introducing the Franklin Templeton OnChain U.S. Government Money Fund (FOBXX) on the <a href=\"https:\/\/www.crypto-news-flash.com\/es\/avalanche-se-prepara-para-reflejar-la-subida-de-solana-un-analista-preve-un-objetivo-de-42-dolares-para-avax\/\">Avalanche network<\/a>. Confirmed by a recent Avalanche tweet, this marks the first US-registered mutual fund using a public blockchain, highlighting Avalanche&#8217;s growing role in institutional finance.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Global investment firm with $1.6T AUM expands its L1 blockchain footprint to Avalanche.<\/p>\n<p>The Franklin Templeton OnChain U.S. Government Money Fund (FOBXX) is the first and only U.S.-registered mutual fund to leverage a public blockchain as the system of record to process\u2026 <a href=\"https:\/\/t.co\/p9l8Whg88Y\">pic.twitter.com\/p9l8Whg88Y<\/a><\/p>\n<p>&mdash; Avalanche \ud83d\udd3a (@avax) <a href=\"https:\/\/twitter.com\/avax\/status\/1826606839011967157?ref_src=twsrc%5Etfw\">August 22, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Additionally, Agora&#8217;s AUSD launch on Avalanche further enhances the network&#8217;s appeal, leveraging its EVM compatibility, low fees, and fast transaction finality to attract more users and liquidity.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Introducing AUSD to Avalanche<\/p>\n<p>We&#39;re thrilled to announce that you can now transact, trade, and pay <a href=\"https:\/\/twitter.com\/withAUSD?ref_src=twsrc%5Etfw\">@withAUSD<\/a> on <a href=\"https:\/\/twitter.com\/avax?ref_src=twsrc%5Etfw\">@avax<\/a>.<\/p>\n<p>AUSD is live on <a href=\"https:\/\/twitter.com\/TraderJoe_xyz?ref_src=twsrc%5Etfw\">@TraderJoe_xyz<\/a> with significant liquidity and will be coming to more apps like <a href=\"https:\/\/twitter.com\/BenqiFinance?ref_src=twsrc%5Etfw\">@BenqiFinance<\/a>, <a href=\"https:\/\/twitter.com\/Trensi_fi?ref_src=twsrc%5Etfw\">@Trensi_fi<\/a>, <a href=\"https:\/\/twitter.com\/PharaohExchange?ref_src=twsrc%5Etfw\">@PharaohExchange<\/a>, and more. <a href=\"https:\/\/t.co\/w86qh4OiS0\">https:\/\/t.co\/w86qh4OiS0<\/a><\/p>\n<p>&mdash; Agora (@withAUSD) <a href=\"https:\/\/twitter.com\/withAUSD\/status\/1825919492079174114?ref_src=twsrc%5Etfw\">August 20, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Avalanche&#8217;s total value locked (TVL) has increased by 7% since August 5, reflecting growing interest and activity within the ecosystem. Additionally, a Binance long-to-short ratio of 1.66 suggests a bullish market sentiment, further supporting the potential for an <a href=\"https:\/\/www.crypto-news-flash.com\/es\/el-precio-de-avalanche-avax-se-dispara-un-10-alcanzando-los-32-68-dolares-gracias-a-una-nueva-asociacion\/\">AVAX price rally<\/a>. At the time of writing, AVAX is trading at <strong>$26.36<\/strong>, having surged by <span style=\"color: #008000;\"><strong>13.20%<\/strong><\/span> in the past day and <span style=\"color: #008000;\"><strong>29.59%<\/strong><\/span> in the past week.<\/p>\n<p><span data-sheets-root=\"1\"><div class=\"cryptoboxes\" id=\"mcw-435416\" data-realtime=\"on\"><div class=\"mcw-chart mcw-chart-light\" data-font = \"inherit\" data-coin = \"avalanche\" data-symbol = \"AVAX\" data-currency = \"USD\" data-rate = \"1\" data-type = \"chart\" data-view = \"day\" data-theme = \"light\" data-smooth = \"true\" data-areacolor = \"\" data-bgcolor = \"\"><\/div><\/div><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Templeton&#8217;s $1.6T asset expansion into Avalanche&#8217;s blockchain signals institutional confidence, boosting AVAX&#8217;s bullish momentum. The launch of AUSD on Avalanche strengthens the network&#8217;s ecosystem, increasing its attractiveness and potential for an AVAX price surge. Avalanche (AVAX) was one of the Top 7 Hottest Crypto Picks for 2024, as CNF previously highlighted. On Thursday, AVAX<\/p>\n","protected":false},"author":7,"featured_media":801670,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-801707","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/801707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/comments?post=801707"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/posts\/801707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media\/801670"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/media?parent=801707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/categories?post=801707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/es\/wp-json\/wp\/v2\/tags?post=801707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}