According to sources familiar with the matter, Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a second round of funding. According to the new valuation, it would rank among the world's most highly valued crypto startups.
Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics -- this time around Emin Gün Sirer, the founder and CEO of Avalanche's Avalabs. Cardano's DeFi ecosystem has been criticized for its slow pace of growth, as reflected in its TVL.