The Blackhole Protocol on Avalanche is trending as it attracts more users to DeFi. The BLACK cryptocurrency is holding strong, with bullish projections aiming for a price of $1.5.

Exchange tokens have started the second half of 2025 powerfully, demonstrating impressive gains. Based on performance metrics from platforms such as Uniswap, Hyperliquid, and PancakeSwap, tokens are outperforming some of the top meme coins from Solana.

BLACK Crypto Shakes Off Post-Listing Weakness

In the Avalanche environment, the Blackhole Protocol is steadily gaining ground. According to data from Coingecko, BLACK, the protocol’s governance token, has shown resilience, recovering from recent lows following its launch on July 18. Although its growth isn’t monumental, there are indications that momentum is building.

Here’s a look at broader metrics in the DeFi sector: $139 billion is currently managed across various protocols, with a notable percentage tied to Ethereum-based dApps.

Blackhole TVL Rising

The total value locked (TVL) in Blackhole has surged from below $30 million on July 17 to over $150 million a mere few days later. Recent influxes of assets have also driven revenue and earnings, further contributing to the upward trend of BLACK.

Why Is Blackhole Trending?

The current appetite for cryptocurrencies has spurred substantial interest in Blackhole, with traders and investors optimistic about ongoing price increases. The innovative tokenomics and community-driven launch strategy support the protocol’s recent successes.

“The Blackhole is open. Permanently locked team tokens. Dual veNFT system. Genesis Pools. No shortcuts, no trust assumptions—just pure DeFi gravity."— Community insight on Blackhole’s structure.

This protocol reflects a novel approach to token distribution, reducing circulating supply and minimizing selling pressures that typically arise post-launch.