Dec 2, 2024: Our weekly Institutional Insights explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

 explores the latest market developments — market performance, industry news, exchange-traded fund (ETF) flows, trending topics, upcoming events and token unlocks — to help you supercharge your crypto trading.

Weekly Highlight — U.S. Economy Growth Driven by Improved Productivity

If U.S. economic growth is strong, why is the Federal Reserve considering interest rate cuts? This question was recently posed to Fed Chair Jerome Powell. Instead of focusing solely on the Fed's actions, we should explore the reasons behind the robust growth, and see how it can be sustained.

Real GDP is expected to exceed pre-pandemic levels for the second consecutive year. Typically, strong growth raises concerns about overheating, but inflation has actually fallen. Recent growth is largely due to increased productivity and a growing workforce, which are not inflationary and can help rebalance supply and demand.

A significant factor behind this success is the rise in labor productivity, averaging 2.3% over the past two years — faster than the four years before the pandemic. This uptick is linked to a surge in new business applications, especially in the tech sector, as the pandemic's economic shifts and relief measures lowered barriers to entrepreneurship, particularly benefiting underrepresented groups.

The boost in productivity also reflects workers moving to roles better suited to their skills, a trend accelerated by the 

. This mobility has been essential for productivity gains, as higher job turnover correlates with increased business dynamism.

However, sustaining higher productivity is a challenge. The Fed must avoid overly restricting the economy, as high interest rates can deter investment in technology. Additionally, a gradual cooling of the labor market, with declining job quits, is concerning.

For policymakers, monitoring labor market dynamics and business formation is crucial. If these indicators decline, productivity and growth could wane. The U.S. economy has made significant progress, and maintaining this momentum is essential.

Weekly Crypto Highlight — Sui Is Poised for Growth

Bybit has released the Sui ecosystem report, with its key takeaways below. (Read the full report 

: Sui has achieved impressive performance, processing over 297,000 transactions per second (TPS) while maintaining low latency. This positions it among the fastest blockchains available.

: In 2024, Sui's market capitalization skyrocketed over 1,000%, reaching $9.5 billion and reflecting strong investor confidence and growing adoption.

: The total value locked (TVL) in Sui’s DeFi ecosystem has surpassed $1.5 billion, ranking it 11th among major blockchain networks and highlighting its rapid growth in 

: The launch of the Grayscale Sui Trust has significantly increased institutional interest, resulting in an 89% price surge for the SUI token in Q3 2024, indicating its appeal to accredited investors.

: Sui is making strides in the gaming sector, introducing the SuiPlay0X1 handheld gaming device and various 

, enhancing user engagement and expanding its ecosystem.

Developed by Mysten Labs, Sui is a Layer 1 

 (PoS) blockchain launched on May 3, 2023. Its object-centric data model allows for parallel transaction processing, enhancing throughput and reducing latency. Its use of the Move programming language ensures resource safety through rigorous bytecode verification, mitigating common blockchain vulnerabilities.

: Partnerships with firms like Copper and Zero Hash strengthen Sui’s infrastructure and credibility in the financial sector, enhancing its offerings in digital asset custody and transaction facilitation.

: Sui’s DeFi sector is thriving, with leading protocols like 

 offering diverse financial services. In gaming, initiatives such as the SuiPlay0X1 device and various web3 projects bolster user engagement.

In summary, Sui is poised for continued growth, driven by technological innovations that are expanding its presence in both DeFi and gaming.

Advanced

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Weekly Institutional Insights: Sui Poised for Growth; U.S. Economy Driven by Productivity Growth

Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Bybit Learn

Altcoins

Travala is a travel site that enables its customers to grow the platform and earn incentives through its native token, AVA. Find out more in this article.

Cryptocurrencies have been boldly improving a variety of industries since their introduction, and the impact is now benefiting the travel industry. 

 is a next-generation travel agency with online bookings for hotels and other accommodations. Through the effective use of cryptocurrency technology and the progressive improvements that its developers continue to make to the platform, Travala ushers in a new era in the travel world. This article covers exactly what you need to know about Travala.

Travala is a travel site that enables its customers to grow the platform and earn incentives through its native token, AVA. At the same time, the platform offers booking assistance for more than half a million properties worldwide.

While Travala can be compared to other online travel platforms, such as 

, it's one of the few platforms to undergo a digital transformation with a system designed using cryptocurrency technology to create a next-generation solution. By harnessing the power of 

 technology and establishing a strong community, Travala can support bookings, offer travel incentives, provide travel gift cards with travel credits, maintain lower costs and deliver other key benefits to its customers. In addition to being supported by AVA, the platform is compatible with 40 other cryptocurrencies, including 

Initially branded as Concierge, Travala was 

. Its primary goal is to create a well-designed travel solution that takes full advantage of blockchain technology benefits. The launch of the initial coin resulted in $2.6 million in funding, which allowed the platform to expand and offer its services to 200 countries worldwide. 

. Hipwell continues to serve as the company’s CEO. Otero manages resources and activities, while Lopez is the company’s CFO and Chief Information Officer. The group also relies on numerous experts and advisors in the blockchain and travel industries. These individuals maintain key roles in the continued development of the platform.

Travala’s co-founders initially identified several key areas in the travel industry that could be improved through their platform's use of blockchain technology. For example, they identified a lack of global booking platforms that accept crypto as a payment method. Travala accepts both fiat and crypto payments for bookings — without booking fees — and gives its customers guaranteed booking with immediate confirmations.

The co-founders also discovered that many global booking platforms have expensive fees and hidden costs. Therefore, Travala strives to provide its customers with more affordable and transparent booking solutions. In fact, it states that its services are available with savings of 15% or more as compared to the competition. At the same time, it fully discloses its fees to customers upfront so they’re not surprised by the final cost of their bookings.

Travala also promotes the use of crypto payments for bookings. Customers who pay for their travel plans with AVA tokens qualify for discounts and loyalty promotions, and can save an additional 10% through referrals and AVA staking. Regardless of how a customer pays, all refunds are made using AVA tokens.

Travala’s platform features a hassle-free user experience. After creating a Travala account, new users can earn a bonus by registering to use AVA tokens. Bookings may be completed using either crypto payments, AVA tokens or fiat currency. Special pricing is available if you pay using AVA tokens. While traveling, users may also use AVA tokens for various special services and upgrades from affiliated partners. After their travel, Travala members can receive additional AVA tokens through referrals and reviews.

On a more detailed level, the platform’s ecosystem consists of three layers. The 

 layer is the user interface. It allows customers to research travel options, complete bookings and purchase travel insurance. In addition, it supports the functionality of the 

, and lays the infrastructure for user-created reviews.

Next, the Protocol layer is used to host smart contracts and manage the platform’s economic functions. This layer uses the 

 blockchain to support bookings. It also conveys communications between partners, suppliers and users. The Protocol layer uses proxy 

 to complete token-based transactions on behalf of service providers, property owners and users.

Finally, the Consensus layer is designed on the NEO blockchain and uses a 

 (dBFT) protocol. The Consensus layer can handle a hefty 1,000 transactions per second (TPS). Proxy smart contracts track monetary operations and manage data, including the AVA balance of each user. Users’ reputations and the governance of records are also addressed on this third layer.

As a next-generation booking solution for the travel industry, Travala is designed with several exciting features not available on other travel platforms. Let’s take a look at some of them.

When users accumulate 250 AVA tokens, they have the opportunity to join Travala’s 

 by staking these coins. The Smart Program offers several money-saving benefits. For example, program members can save up to 13% on bookings, with the discount applied to the listed prices at checkout. Members can also earn from staking their AVA tokens with Travala. There are five levels. Level 5 requires 2,500 tokens and offers the maximum benefits to Smart Program members.

 is easy to do, with just one requirement: Send invites to others and get them to book a hotel for $400 or more on the Travala platform. Invitees are given a $25 incentive for joining Travala and making a booking, and Invite Program members get $25 for each invitee who signs up and completes a hotel booking of at least $400. A member’s activity can be monitored through a dedicated dashboard on the website or app.

Most of today’s online booking platforms use a centralized system, but Travala is a decentralized finance (

) model, offering a number of notable benefits. For instance, property owners can create their own discounts, loyalty rewards and promotions. They also have the option to accept cryptocurrency payments. Data analytics can be used to determine the optimal overnight rate for comparable accommodations. With these and other benefits, the platform delivers a transformational web3 experience.

Users who are Smart Program members (or those who have staked AVA tokens) can participate in community voting. Announcements are made to Smart Program members when a new Travala proposal is available to review and vote on. Only after a required voting threshold has been reached can the approval or failure of a proposal be determined. Approved proposals are then scheduled to launch.

 are utility non-fungible tokens, accessible via the 

 blockchain. By holding a Travel Tiger NFT, a user may access a variety of incentives and promotions.

There are 1,000 unique Travel Tiger NFTs available. “Travel Tigers” go on exciting journeys to check off travel experiences on their bucket lists. While Travel Tiger NFTs have a solid storyline that includes travel to the Mediterranean Sea, the Andes, the French Riviera and more, they also serve a utility function for their owners: Currently, those who own a Travel Tiger NFT 

. Additional promotions and offers are expected going forward.

Since Smart Program members on Travala have at least 2,500 AVA tokens and own a Travel Tiger NFT, they can take advantage of a Smart Diamond membership. These users can receive an Ambassador Bonus, which provides up to 10% of platform commissions after they promote 

 through personal marketing efforts. They can also take advantage of travel drops, as well as exclusive 

 to make bookings. Additional benefits of the Smart Diamond program are a 3% discount on booking prices, 10% loyalty rewards, the Proof of Travel NFT program, travel experience drops and access to 

Members who own a Travel Tiger NFT numbered between 1 and 941 are automatically entered into the Argentine Andes Adventure Giveaway, featuring a four-day trip to 

, from December 13–16, 2022. The winner will receive air travel for two adults, a three-night stay in the luxurious 

 ecolodge hotel room and airport transfers. The trip also includes three meals per day, a special gift pack, a wine tasting and tour, stargazing, a helicopter tour and a guided hike.

When Travala launched a few years ago, it was just one of many small startups trying to gain traction in a busy marketplace. However, its unique concept and effective design have enabled it to grow quickly, and it’s now one of the top online travel agencies.

Extensive and Money-Saving Benefits for AVA Users

Travala was designed specifically for greater transparency and lower fees. In addition to having no booking fees, it provides AVA token users with numerous incentives and benefits. Not only are discounts available through the Smart Diamond Program, Smart Program and Invite Program, but users can also benefit from writing reviews and owning a Travel Tiger NFT.

Travala users have access to flights, travel activities, hotels and other accommodations. In fact, the platform offers more than 3 million unique products, making it one of the largest booking platforms currently online. While discounts and incentives are available to those who pay with AVA tokens, other payment options include various cryptocurrencies and fiat money.

Each of the three distinctive layers of this platform provides unique features and benefits. The platform supports everything from researching and booking travel options to writing reviews, setting a referral program dashboard and more. It’s available in both PC and mobile formats for ease of use.

While Travala delivers exceptional benefits, it has a few downsides to be aware of before taking advantage of its features and booking services. While these disadvantages may not dissuade some individuals, they could be key deterrents for others. 

Key Benefits Are Only Available to AVA Users

One of the primary selling points associated with Travala is its ability to save users money on travel expenses, and give them access to other financial incentives and benefits. However, its money-saving programs are offered exclusively to those who use AVA tokens and maintain them in their AVA wallet. The most sizable discounts on travel are also available to those who pay for their trips using AVA tokens.

Blockchain Protocols Are Controlled by Third Parties

The blockchain protocols that support AVA tokens are supported by third parties.Thus, third parties are responsible for changes to protocols and malfunctions that could impact AVA tokens. Other concerns associated with third-party control include the possibilities of double-spend attacks and mining power attacks. In addition, quantum computing advances could jeopardize the security and functionality of the protocols and the AVA token.

Travala has come a long way since it was first 

 in 2017. Its co-founders spent many months developing it before it was officially launched in 2018. The initial launch brought approximately $2.6 million in funding, a sizable amount that enabled the co-founders to expand the platform to serve more than 200 countries. Today, this online travel agency website serves customers in more than 230 countries. It offers 500,000 different accommodations to its many customers.

Travala’s platform is continually being updated. Because governance is held by AVA token holders who are members of the Smart Program, the updates that are passed are directly under their control. One of the projects that’s currently under consideration is a branding refresh. Token holders are also considering developing travel NFTs, and accepting additional cryptocurrencies on the website. These potential options are 

, which would join dozens of other cryptocurrencies currently accepted by Travala.

Travala is also intending to introduce Review Rewards where users can earn AVA tokens in exchange for leaving authentic reviews. This would increase the number of use cases for the AVA token and boost its value.

AVA tokens can be used to purchase accommodations and other travel products through the Travala website and mobile app. The market cap for this cryptocurrency is more than $38 million as of September 2022. There are more than 51 million tokens circulating, and the total supply stands at roughly 61 million tokens. Like any other crypto, the price fluctuates constantly, and its current price is $0.74.

AVA are supported by numerous cryptocurrency exchanges, including Bybit, which adds to their functionality as investment tokens for trading purposes. With many incentives in place for the platform’s users to purchase AVA tokens, the available supply may gradually shrink in the months and years to come.

 was roughly $0.15 per token. This held relatively constant for many months, before reaching its peak of $5.30 in April 2021. Since that time, the price has experienced several lesser peaks, and now sits around $0.75 per token. Trading activity dramatically increased around the April 2021 peak, and AVA has continued to be of interest to traders.

Looking forward, the daily fluctuation may take the price to more than $0.80 per token in the near future. By 2025, the

 to double to $1.60 per token. By 2030, it may reach $3.99, and looking farther ahead could be valued at $7.98 in 2040. This forecast for growth may be related to a limited supply of AVA tokens and growing demand via usage on Travala.

While many people initially purchase AVA tokens to take advantage of savings opportunities and other incentives available through Travala, they may continue to hold the coins as an investment or for future travel plans. However, some people purchase AVA tokens as an investment, with no immediate intention to travel. 

Regardless of your intent, AVA tokens are available to both travelers and investors through several popular exchanges. One of these is 

, which has an exceptional platform that supports easy, well-informed trading. If you intend to trade 

, make sure you to check out Bybit's reward centre to get rewarded when you complete the tasks. 

 Keep in mind that new users on Travala are prompted up front to connect their cryptocurrency wallet (if they already have one) to their account. They can then use AVA tokens, as well as other cryptocurrencies, to schedule their bookings through Travala’s website or mobile app.

Cryptocurrency investments are rightfully well-known for their volatility. While some people engage in day trading, long-term investments in solid cryptocurrencies could prove lucrative. 

Is AVA one of the cryptocurrencies with staying power and long-term growth potential? While some tokens are largely used for trading purposes alone, AVA has bona fide functionality on Travala’s DeFi platform. Many travelers are taking advantage of AVA’s functionality for secure purchases, as well as to access discounts, incentives and more through the platform. Travala is a major travel industry player that has progressively expanded its offerings and reach since its inception, and it continues to grow today. With this in mind, it’s reasonable to expect that AVA tokens will continue to be widely in use going forward.

Although the AVA price has come off of its April 2021 peak, it continues to trade much higher than its launch price. Moreover, AVA’s price is expected to continue growing in the years to come. As is the case with most cryptocurrencies, the intraday price is generally volatile most of the time. That said, AVA is a solid investment for those who plan to hold the coin for a longer period of time. In addition, its volatility could result in significant returns for savvy day traders.

Travala was originally established as a unique platform that accepts crypto payment for travel bookings. While it accepts a variety of cryptocurrencies, using its native AVA token creates exciting discounts and incentives. Travala has taken the use of cryptocurrency to a new level, and brought crypto payments into the mainstream in the travel industry. This online travel agency platform continues to evolve and remains one to watch going forward.

Travala (AVA): Revolutionizing Travel With Virtual Assets

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