The recently launched native token for a Web3 infrastructure project has skyrocketed 38% this week despite the broader cryptocurrency market decline.
AVAIL, the utility token of the Avail ecosystem, is trading at $0.151, up from $0.109 seven days ago.
The crypto asset ranked 190th by market cap is also up more than 3% in the past 24 hours.
Avail is a modular blockchain that bills itself as the “unification layer” of Web3. The project began its development under the umbrella of scaling solution Polygon (MATIC), but became an independent entity last year.
Avail was co-founded by Anurag Arjun, one of the co-founders of Polygon, and Prabal Banerjee, former head of research at the scaling solution.
The AVAIL token was first launched in late July.
This week, the Avail ecosystem launched a new partnership with Ola, an open source hybrid zk-rollup.
Explains Ola,
“Together, Ola and Avail will explore proof verification on DA clients and further collaboration in zkVMs. This partnership aims to expand the use cases of Ola’s zkVM technology within the Avail ecosystem.”
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