Avalanche Makes a Move: Web Wallet Shutdown Raises Staking Questions
Core Stake launch revolutionizes AVAX staking, promising direct control, and customized experiences. 57% of AVAX supply staked, reflecting a robust 17% growth in engagement over the last month. Teleporter enhances subnet interoperability, aiming to streamline data exchange across Avalanche. Avalanche has taken significant strides toward evolving its digital asset management and s taking environment by discontinuing its traditional web wallet. The decision aligns with the platform’s transition towards Core Stake, a more advanced and feature-rich platform designed to offer a holistic and enriched user experience. This move is set to redefine how AVAX stakers engage with the network, promising enhanced security, user autonomy, and a range of staking options. The end of the web wallet, effective from 11 am ET on March 6, marks the beginning of a new chapter for Avalanche and its community. The Avalanche wallet has officially been discontinued. U...