The Avail ecosystem’s native token, AVAIL, experienced a remarkable 38% surge this week, defying the broader cryptocurrency market downturn. Trading at $0.151, the token has seen a significant increase from $0.109 just seven days ago.
Ranked 190th by market cap, AVAIL has also recorded a 3% rise in the past 24 hours. Avail is a modular blockchain project positioning itself as the “unification layer” for Web3. Originally part of Polygon (MATIC), Avail became an independent entity last year.
Co-founded by Anurag Arjun and Prabal Banerjee, both previously involved with Polygon, Avail launched its token in late July. This week, the Avail ecosystem announced a new partnership with Ola, an open-source hybrid zk-rollup solution, to explore proof verification and collaboration in zkVM technology.
Ola stated, “Together, Ola and Avail will explore proof verification on DA clients and further collaboration in zkVMs. This partnership aims to expand the use cases for Ola’s zkVM technology within Avail’s ecosystem.“
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