AVAIL (Avail) rose 12.15% in 24 hours

Gate News Bot message, September 15, according to CoinMarketCap data, as of the time of writing, AVAIL (Avail) is currently priced at $0.02, with a rise of 12.15% in the last 24 hours, reaching a high of $0.03 and a low of $0.01. The current market capitalization is approximately $69.6 million, an increase of $7.54 million compared to yesterday.

Avail is a horizontally scalable, trust-minimized infrastructure network designed to achieve seamless cross-chain interaction, transaction validation, and native liquidity interoperability. The project enables developers to build scalable, interconnected, and customer-centric applications by eliminating the reliance on centralized full nodes, reducing fragmentation, and achieving seamless communication between application chains, rollups, and dApps, thereby driving the next era of Web3 innovation.

Important recent news about AVAIL:

1️⃣ Avail acquires Arcana, enhancing ecosystem scale Avail announced the acquisition of the Arcana network, marking a strategic expansion aimed at enhancing its position in the Web3 infrastructure sector. As part of the acquisition, Avail will provide XAR token holders the opportunity to exchange for AVAIL tokens at a ratio of 41:1, a move expected to broaden Avail's user base and increase the circulation of its tokens.

2️⃣ The mainnet successfully launched, marking a milestone for the project The Avail project successfully launched its mainnet recently, marking a significant advancement in the project's technological development. The launch of the mainnet not only showcases the technical strength of the Avail team but also lays the foundation for future functional expansion and ecosystem development.

3️⃣ Positioning the global blockchain infrastructure market Avail is actively expanding its influence in the global blockchain infrastructure market, which is estimated to be worth $300 billion. By providing innovative data availability solutions and cross-chain interoperability, Avail aims to address the scalability and fragmentation issues currently faced by blockchain technology, with the potential to occupy a significant position in this vast market.

From a technical perspective, the launch of Avail's mainnet and the expansion of its ecosystem provide support for its price rise. On the fundamental side, strategic acquisitions and clearer market positioning help enhance investor confidence. However, considering the high volatility of the cryptocurrency market, investors still need to carefully assess risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.