Blackhole Protocol Surges in Avalanche: Can BLACK Crypto Reach New All-Time Highs?
The Blackhole Platform on Avalanche is gaining attention and increasing in popularity as DeFi draws more participants. The BLACK crypto asset is stable, climbing as uptrend investors aim for $1.5.
Tokens related to exchanges have launched into H2 2025 with strong performance. Observing the trends in Uniswap (UNI), Hyperliquid (HYPE), and PancakeSwap (CAKE), these tokens have been rising, surpassing several of the leading meme coins on Solana.
Discover: 9+ Top High-Risk, High-Reward Cryptos to Acquire in July 2025
BLACK Crypto Overcomes Initial Listing Weakness
Within the Avalanche ecosystem, the Blackhole Protocol is making consistent progress.
As per Coingecko data, its governance token, BLACK, is standing out as a top performer, recovering from recent lows reached shortly after its debut on July 18. While the growth is not explosive or in the triple-digit range, there are signs of emerging momentum.
Currently, bulls of BLACK crypto are maintaining their pressure, shaking off recent dips, and possibly breaking through the local price ceiling at approximately $1.30.
Should this price breakout happen with increasing trading volumes, the token might secure a solid base for growth, possibly exceeding $1.50 while continuing its buying trend.
Blackhole Total Value Locked (TVL) Increases
The positive momentum for BLACK could bolster if Decentralized finance tokens keep gathering more users, thereby boosting assets under management.
According to DeFiLlama data, DeFi protocols currently manage assets exceeding $139 billion. The bulk is tied up in Ethereum, with Aave and Lido Finance being among the biggest dApps.
Meanwhile, Avalanche’s DeFi dApps govern over $1.9 billion and accrued nearly $500,000 in fees on July 21 alone. Aave ranks as the leading Decentralized finance network on Avalanche, overseeing over $822 million in TVL.
Despite being a recent entry, Benqi occupies the second position, while Blackhole follows closely in third place with a TVL exceeding $153 million.
Remarkably, Blackhole now oversees more assets than Euler on Avalanche and has outpaced BlackRock’s BUIDL, which holds $53 million in assets on the DeFi-oriented layer-1.
In the past 24 hours, Blackhole has facilitated Avalanche in generating over $64,000 in fees, falling just behind LFJ, a exchange on Avalanche.
In addition to generating higher fees, Blackhole’s TVL has skyrocketed, jumping from below $30 million on July 17 to more than $150 million by July 21.
(Source: Blackhole on DefiLlama)
With a continuous influx of assets, the swiftly increasing earnings and revenue can be attributed to DeFiLlama data, driving the upward trend.
What Makes Blackhole Trending?
The rising interest in Blackhole can be linked to the current digital currency landscape. Traders and investors are uptrend, anticipating that crypto assets will keep climbing, in line with some of the top cryptocurrencies to invest in, including Bitcoin and ETH.
However, on a deeper level, Blackhole’s achievement is rooted in its innovative coin economic model and a launch strategy centered on community engagement.
During its Crypto token Generation Event (TGE) on July 11, Blackhole emphasized fairness in coin distribution, ensuring no insider or team tokens were unlocked upon exchange launch.
Instead of unlocking team tokens, they created Supermassive veNFTs, which decreased token supply and alleviated selling pressure typically associated with a significant token release.
The Blackhole is open.
Permanently locked team tokens. Dual veNFT system. Genesis Pools. No shortcuts, no trust assumptions—just pure DeFi gravity.
Something is coming for $SUPER stakers… https://t.co/kDe9Xmu0kQ
— SuperVerse (@SuperVerse) May 20, 2025
In addition to its tokenomics, Blackhole unveiled a decentralized trading platform (DEX) that melds essential attributes from other successful protocols, blending features from Velodrome and Curve while integrating multiple AMM systems.
These features comprise concentrated market fluidity AMMs, the traditional Uniswap v2 AMM architecture, and AMMs focused on stablecoins. This variety allows liquidity providers to customize pools according to their preferences.
Furthermore, Blackhole has launched a dual veNFT framework. The Singularity veNFT system permits users to lock BLACK tokens for a period ranging from one week to four years, earning veBLACK, which confers voting power and a portion of platform revenue.
This introduces Blackhole’s locking mechanisms.
If you opt for the singularity lock, you can secure $BLACK anywhere between a week and four years, earn the Singularity veNFTs, and receive veBLACK for governance voting.
If you decide on the supermassive lock, you’ll burn… pic.twitter.com/Facr4HjhJ0
— mattcrypted
In this system, holders of veBLACK can cast votes on “gauges” to direct BLACK emissions to targeted market fluidity pools. Voters stand to gain a share of trading fees, the entirety of tips, and additional partner rewards.
Over $40,000 in rewards are available to those who vote for the SUPER/BLACK pool this epoch on @BlackholeDex
Epoch concludes in 2 days: https://t.co/nqUrZZSG9Y
— SuperVerse (@SuperVerse) July 21, 2025
Additionally, the Supermassive veNFT, which is created by permanently burning BLACK, offers governance tokens that do not decay, along with increased rewards. The aim is to encourage hodl and minimize token supply.
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Blackhole On Avalanche Gaining Traction, BLACK Crypto Aiming for $1.5
- BLACK crypto surging, targets being set at $1.5
- Blackhole Network on Avalanche ranks among the major dapps
- Blackhole’s TVL skyrocketed over 5X post-launch
- The DEX is advancing while prioritizing community focus
The article Blackhole Network Tops Gains on Avalanche: Will BLACK Crypto Break All-Time Highs? first appeared on 99Bitcoins.
