The notorious “50x ETH” whale, who previously cost Hyperliquid $4M, is back in action—this time going all-in on Chainlink (LINK). Within the last 45 minutes, the trader deposited 2.875M USDC into Hyperliquid to open a LINK long position with 10x leverage.
Since February 7, this high-risk trader has pocketed $16.4M by flipping leveraged positions on ETH, BTC, HYPE, and YGG. Now, all eyes are on whether this LINK bet will deliver another payday or end in liquidation. However, his past trades have not only brought him massive profits but also raised concerns about the risks of extreme leverage on decentralized trading platforms.
On March 14, the whale opened long positions on LINK worth approximately $31 million using 10x leverage on Hyperliquid and GMX, two major perpetual trading platforms. On top of that, he accumulated around $12 million in spot LINK. However, on-chain data shows that he has been gradually selling portions of his LINK holdings back into stablecoins, possibly securing profits or adjusting his exposure.
The ETH Trade That Shook Hyperliquid
This comes just days after his massive $200 million ETH long position on March 12, which led to millions in losses for Hyperliquid’s liquidity providers. The trade resulted in a $4 million deficit for the platform’s liquidity pool but landed the trader $1.8 million in profits. Over the past month, his total earnings from Hyperliquid alone have soared to $17 million, according to Web3 analytics firm Lookonchain.
The incident highlighted the risks of leveraged trading, where traders can control huge positions with little capital. While some thought the whale exploited a loophole, Hyperliquid confirmed it was all within the rules—just an extreme case they hadn’t accounted for. To prevent future disruptions, the platform tightened its collateral requirements on March 13.
Hyperliquid’s Growing Dominance
Controversy aside, Hyperliquid continues to dominate decentralized derivatives trading. Since launching in 2024, it has taken 70% of the market, outpacing GMX and dYdX, as noted by VanEck. Adding to its momentum, the platform recently hit a major milestone of $1 trillion in lifetime trading volume, solidifying its spot among the top decentralized exchanges.
What’s Next for Chainlink?
Chainlink’s price has been all over the place. It shot up by over 150% after Trump won the election but has since dropped from nearly $30 in December to under $14 now. But with big traders like the ETH 50x whale jumping in, many are wondering if LINK is about to make another big move. Right now, it has a market value of $8.7 billion and is still an important player in the DeFi world.
Imagine you’re stuck in traffic, waiting forever to get where you need to go. Now, imagine there’s a new highway built just for you—no traffic, no delays, just smooth sailing. That’s Avalanche (AVAX) in the world of crypto. It’s designed to be faster, cheaper, and more scalable than many of its competitors, including Ethereum. But does it live up to the hype? Let’s dive into everything you need to know about Avalanche.
What is Avalanche?
Avalanche is a blockchain platform that’s designed for speed, low transaction fees, and scalability. Think of it as Ethereum’s faster, younger cousin. It allows developers to create decentralized applications (DApps) and even launch their own blockchains (subnets) while keeping everything running smoothly.
It was built to solve some of the biggest problems in crypto: slow transaction speeds, high fees, and network congestion. Ethereum, for example, sometimes struggles with high fees and slow transactions during peak times. Avalanche aims to fix that by offering near-instant finality and extremely low costs.
At its core, Avalanche has its own cryptocurrency called AVAX. It’s used for staking, paying fees, and securing the network. But the real magic of Avalanche lies in its unique structure. Unlike traditional blockchains, Avalanche operates on three different blockchains, each with a specific purpose. We’ll get into how that works in a bit.
History of Avalanche
Avalanche was created by Ava Labs, a company founded by Emin Gün Sirer, a Cornell University professor and blockchain expert. The project started in 2018, and by 2020, it officially launched.
Here’s a quick timeline:
2018 – The Avalanche consensus mechanism was first introduced by a team of researchers.
2019 – Ava Labs raised funding and started working on the network.
2020 – Avalanche launched its mainnet, making it publicly available.
2021 – Avalanche gained massive traction, with AVAX’s price skyrocketing and partnerships forming.
Since then, it has become one of the top blockchains, attracting developers, institutions, and crypto enthusiasts.
History of Avalanche
2018 – The Avalanche consensus mechanism was first introduced.
2019 – Ava Labs raised funding and started working.
2020 – Avalanche launched its mainnet.
2021 – Avalanche gained massive traction.
How Does Avalanche Work?
Unlike traditional blockchains, Avalanche doesn’t rely on a single chain. Instead, it uses three different chains to improve efficiency:
X-Chain (Exchange Chain) – This handles asset creation and transfers, similar to how Bitcoin is used for transactions.
C-Chain (Contract Chain) – This is where smart contracts are executed, making it compatible with Ethereum’s DApps.
P-Chain (Platform Chain) – This manages validators and helps create custom subnets (individual blockchains).
Why does this matter? Because by splitting tasks between these chains, Avalanche avoids congestion, making transactions super fast and cheap.
For example, Ethereum processes around 15 transactions per second (TPS). Avalanche? It can handle over 4,500 TPS. That’s a game-changer.
Advantages of Avalanche
Avalanche has some major advantages that make it stand out:
Speed – Transactions settle in less than two seconds. No more waiting for minutes or even hours.
Low Fees – Compared to Ethereum’s sometimes ridiculous gas fees, Avalanche keeps costs low.
Scalability – The network doesn’t slow down even when usage increases.
Ethereum Compatibility – Developers can easily move their projects from Ethereum to Avalanche.
Security – Avalanche’s unique consensus mechanism makes it more resistant to attacks.
Eco-Friendly – Unlike Bitcoin, which uses proof-of-work (PoW), Avalanche uses proof-of-stake (PoS), which is much more energy-efficient.
Disadvantages of Avalanche
Competition – Ethereum, Solana, and others are also working on scalability solutions.
Centralization Concerns – Some critics argue that a small number of validators control most of the AVAX supply.
Adoption – While growing, it still needs more developers and projects to truly compete with Ethereum.
Is Avalanche a Good Investment?
This is the big question: should you invest in AVAX?
Like any crypto, AVAX has had its ups and downs. It saw huge gains in 2021, reaching an all-time high of around $146. However, it also faced major corrections.
Here’s why some investors are bullish:
Strong technology – Avalanche’s speed and low fees make it attractive for DApps.
Growing ecosystem – More projects are launching on Avalanche.
Institutional interest – Big players are taking notice.
But there are risks too:
Crypto volatility – Prices can swing wildly.
Regulatory uncertainty – Governments may crack down on crypto.
Competition – Ethereum and others aren’t standing still.
If you believe in Avalanche’s long-term potential, it could be a solid investment. But always do your research and never invest more than you can afford to lose.
Is Avalanche a Good Investment?
Here’s why some investors are bullish:
Strong technology
Growing ecosystem
Institutional interest
But there are risks too:
Crypto volatility
Regulatory uncertainty
Competition
The Future of Avalanche
Avalanche has a bright future, but it won’t be an easy ride. Here’s what could happen next:
More Adoption – If more developers and institutions join, Avalanche could challenge Ethereum.
Better Upgrades – Avalanche continues to improve its scalability and security.
Stronger Partnerships – More collaborations could boost its ecosystem.
Price Growth? – If demand increases, AVAX could see price appreciation.
Of course, nothing is guaranteed in crypto. Avalanche has potential, but it also faces challenges.
Final Thoughts
Avalanche is like the high-speed train of the crypto world. It’s fast, efficient, and designed to handle huge amounts of traffic without slowing down. If you’re into crypto, it’s definitely worth keeping an eye on.
Will it replace Ethereum? Maybe not. But will it play a major role in the future of blockchain? Very likely.
So, whether you’re an investor, developer, or just curious about crypto, Avalanche is one name you should know.
FAQs
What is Avalanche (AVAX) and how does it work?
Avalanche is a fast, low-cost blockchain using three chains (X-Chain, C-Chain, P-Chain) to improve scalability and efficiency.
How is Avalanche different from Ethereum?
Avalanche is faster (4,500 TPS vs. Ethereum’s 15 TPS), has lower fees, and supports subnets for custom blockchains.
Is AVAX a good investment?
AVAX has strong tech, growing adoption, and institutional interest but faces risks like volatility and competition.
What is the future of Avalanche?
Avalanche aims for wider adoption, better upgrades, stronger partnerships, and potential price growth in the crypto space.
The post Learn Avalanche in 7 Minutes: A Step-by-Step Guide appeared first on Coinpedia Fintech News
Imagine you’re stuck in traffic, waiting forever to get where you need to go. Now, imagine there’s a new highway built just for you—no traffic, no delays, just smooth sailing. That’s Avalanche (AVAX) in the world of crypto. It’s designed to be faster, cheaper, and more scalable than many of its competitors, including Ethereum. But …
Texas Bitcoin Reserve proposal passed a Senate vote with 25 out of 30 votes in favor. It will require another vote in the House of Representatives to reach the Governor and become law, but the progress is very encouraging.
Several other state-level reserve proposals failed due to Republican Party defections. In Texas, however, most Democrats voted in favor. This bill does not trigger mandatory Bitcoin purchases yet, which was a major sticking point with fiscal conservatives.
“The Texas Bitcoin Reserve Bill passed the Senate with some Democrat support. (The final vote was 25 – 5, and there are 11 Democrat Senators). If there is similar cross-aisle support in the House, then the bill’s prospects for success are good,” a legislative watchdog claimed on social media.
The effort to pass a Bitcoin Reserve in Texas has been an important piece of crypto regulation for several reasons. Obviously, Texas is a large and economically vital area, with the second-largest GDP of all US states.
Additionally, this effort represents a crucial chance to defeat a losing streak in state-level Reserve bills.
Essentially, these bills would trigger up to $23 billion in Bitcoin purchases nationwide, which thrilled the crypto community. There’s just one problem: the Republican Party values fiscal conservatism.
However, approval at this stage does not inevitably trigger this sort of spending, and now Texas can join states like Utah and Arizona as the leaders in this race.
Texas’ Position in the Bitcoin Reserve Race. Source: Bitcoin Laws
What’s Next for the BTC Reserve Bill in Texas?
Despite today’s win, the fight for a Texas Bitcoin Reserve is far from over. The bill will now move to the state’s House of Representatives, which has more than five times as many members.
More specifically, the Texas House of Representatives has 89 Republican members and 62 Democrats. In theory, this should be a clear win, as Republicans are largely pro-crypto.
However, this wasn’t the case in Montana, North Dakota, South Dakota, Pennsylvania, and Wyoming, where several Republican members voted against the respective BTC reserve bills.
The Texas bill passed the Senate with near-unanimous support, but it might be more contentious before a larger body. In any event, it’s a win, and the Bitcoin Reserve efforts could use a victory right now.
