Crypto News: Avalanche (AVAX)’s DeFi Push Makes Waves, Yet Wallets Are Accumulating This Cheaper Ethereum (ETH) Alternative

Key Points

1. Avalanche (AVAX) surged 8% in 24 hours to $21.08, with its DeFi ecosystem crossing $5B in Total Value Locked (TVL), driven by subnets doubling transaction throughput.

2. Mutuum Finance (MUTM) is priced at $0.03 in Phase 5 of its presale, with 72% sold, over 13,000 holders, and more than $12.15 million raised, projecting a 20% price jump to $0.035 in the next phase.

3. Mutuum Finance (MUTM) features a dual-model lending system (P2C and P2P), allowing users to earn or borrow with blue-chip assets or meme tokens like PEPE, SHIB, and DOGE.

4. The project has undergone a CertiK audit with a Token Scan Score of 95.00 and initiated a $50,000 Bug Bounty Program to ensure security.

5. Avalanche (AVAX)'s DeFi growth and partnerships, such as with California DMV and Alipay, are boosting adoption, with weekly trading volume spiking 60.95% and 515M+ transactions in June.