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Highlights:
- A layer-2 blockchain protocol, Aventus brings speed to Ethereum transactions, scalability, and cheaper costs.
- The total and maximum supply of Aventus crypto is 10 million tokens, and its circulating supply is six million tokens.
- The AVT crypto is the native token of Aventus Network and has different use cases.
The price of Aventus (AVT) crypto soared 29.5 per cent to US$ 2.95 per token at the time of drafting. Meanwhile, the AVT crypto appeared to get the attention of crypto traders as its one-day volume skyrocketed by 993 per cent to US$ 2.8 million.
The global cryptocurrency market is turbulent as geopolitical tensions escalate between Russia and Ukraine. According to CoinMarketCap data, the global crypto market was down 4.4 per cent to US$ 1.83 trillion at 2:30 AM EST.
The two largest cryptocurrencies in the world- Bitcoin and ETH were down by about five per cent and 6.3 per cent, respectively.
When almost all the cryptocurrencies were trading in the red, the price surge of AVT crypto appears to be gaining the attention of crypto enthusiasts.
On that note, let's find out more about virtual currency:
What is Aventus (AVT) crypto?
A layer-2 blockchain protocol, Aventus brings speed to Ethereum transactions, scalability, and cheaper costs. Some critics often point out the scalability issues of the Ethereum blockchain.
Most businesses choose Ethereum as their blockchain network, and due to maximum transaction throughput, it becomes difficult to meet the demand. Due to the supply and demand issues, the transaction fees on the Ethereum blockchain become expensive, and Aventus claims to address this issue.
As per the project's website, Aventus addresses the problem by allowing businesses to build on top of the Ethereum network along with its layer-2 protocol.
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The Aventus Network claims that it can scale 2,000 transactions per second, 133 times more than Ethereum. The AVT crypto is the native token of Aventus Network and has different use cases.
Also Read: Why is KNC crypto grabbing attention?
AVT crypto uses are for rewards and loyalty, decentralized applications, non-fungible tokens (NFTs), and live entertainment, among others.
Bottom line
The total and maximum supply of Aventus crypto is 10 million tokens, and its circulating supply is six million tokens. Since the past 12 months, AVT crypto returned 520.8 per cent.
The AVT crypto had declined 19.8 per cent since the past month. However, it appears to have gained momentum as it bounced back by gaining 33.8 per cent in the last seven days.
It is important to note that the cryptocurrency market is volatile and proper evaluation before investing in virtual currencies is required.
Also Read: What is GoCryptoMe coin?
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