Avalanche packed three notable events into 24 hours: a new derivatives DEX went live, a PayPal-backed AI startup joined its enterprise payment network, and AVAX staged a modest price recovery. Each touches a different layer of the ecosystem, from retail trading infrastructure to institutional finance to token price action.
HalfMoon DEX: On-Chain Orderbook with 100x Leverage
Orderbook-based DEX HalfMoon launched on Avalanche this week, marketed as a CEX-grade trading experience built entirely on-chain. Its three headline features are perpetual trading with up to 100x leverage and one-click execution, a “shielded spot” mode that conceals trading strategies from other participants, and a fully transparent on-chain orderbook. HalfMoon targets advanced DeFi traders who demand speed without sacrificing transparency.
AI Payments Collective Expands: GoKiteAI Brings Agent Passport
The Avalanche Payments Collective — a group of 28 organizations including Paxos, Franklin Templeton, Ethena, Anchorage Digital, and Tassat — added its first AI-agent-focused member this week: GoKiteAI, backed by PayPal Ventures and General Catalyst. Ava Labs' Tokenization Lead Olivia Vande Woude highlighted that the collective processes live production volume, not isolated pilots. Case in point: Axiom has processed $1.4 billion in cross-border payments on Avalanche, and Tassat's Link settles institutional transactions in seconds across 30 participants. The combined network reaches over 150 countries and 96 currencies.
GoKiteAI's contribution is the Kite Agent Passport, giving AI agents a verifiable identity, user-set spending limits, and a human-controlled kill switch. Agents can transact on Avalanche payment rails without ever directly handling user credentials.
AVAX Price: $6.69 Bounce, Still Below June Highs
AVAX is trading at $6.69, up 4.77% in the last 24 hours. Yet the broader picture remains bearish: the token traded above $10 in early June before dropping sharply to around $6.00 by late June. The current bounce lifts it back near $6.70, far from recent highs. Market cap stands at $2.88 billion, with a circulating supply of 431.77 million AVAX out of a 715.74 million max supply.Source: CoinMarketCap
ORO 'Fluency' Campaign: Learn DeFi via Natural Language
ORO, an AI assistant that navigates Avalanche DeFi through natural language, is running a 'Fluency' campaign. Users complete interactive lessons on swaps, staking, and lending to earn ORE Points, with extra rewards for eligible participants before the campaign closes.
Sources: Official announcements and X posts.