A new cryptocurrency for a Web3 infrastructure project has been on a roll this week, surging by a whopping 38% despite the wider crypto market taking a dip.
AVAIL, the fuel for the Avail ecosystem, is now trading at $0.151, up from $0.109 just a week ago. This impressive jump puts it in the top 190 cryptocurrencies by market value. It’s also seen a 3% increase in the last 24 hours.
What is Avail?
Avail is a modular blockchain that aims to be the “unification layer” for Web3. It started as part of the Polygon scaling solution (MATIC) but became independent last year. Two of the brains behind Polygon, Anurag Arjun and Prabal Banerjee, co-founded Avail. The AVAIL token made its debut in late July.
A New Partnership Fuels the Surge
This week, Avail announced a new partnership with Ola, an open-source hybrid zk-rollup. Ola explained that the collaboration will explore proof verification on DA clients and work together on zkVMs. The goal is to expand the use cases for Ola’s zkVM technology within the Avail ecosystem.
Disclaimer: This information is for general knowledge and shouldn’t be taken as investment advice. Do your own research before investing in cryptocurrencies.
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