0
0
Amid a broader bullish outlook in the cryptocurrency market, BLACK, the native token of Blackhole, a decentralized exchange on the Avalanche blockchain, has reached a new all-time high.
Notably, BLACK kicked off the Thursday market on high momentum, surging remarkably to an all-time high of $1.32, fueled by massive adoption of its decentralized exchange. However, the token has relinquished 42.8% of its amassed gain at the time of writing.
Meanwhile, BLACK’s bullish momentum has resumed today. According to CoinGecko, the token jumped 68.6% in the past 24 hours, reaching a new milestone of $1.35.
Interestingly, the price surge stems from several factors, including the rapid adoption of its parent decentralized exchange by users, a listing spree on major centralized trading platforms, and Blackhole’s strategic partnerships.
For context, several exchanges have listed BLACK on their platforms over the past day.
The BLACK token is now available on SwissBorg’s Meta-Exchange, allowing trades with over 15 fiat currencies and seamless cross-chain swaps without gas tokens. Additionally, notable exchanges such as MEXC and LBank will launch the BLACK token on their platforms today.
Additionally, Blackhole has also secured a strategic partnership with KyberSwap and LFJ, a meta-aggregator, to optimize trade routes, reducing costs and slippage.
According to the announcements, these moves capitalize on Avalanche’s growing DEX trading volume, positioning Blackhole as a strong contender in the DeFi space. The platform’s support for Web3 gaming and AI projects further enhances its appeal.
Seamless trading is coming to Blackhole!
We integrated with @KyberNetwork to bring better trading rates to our platform. https://t.co/6wfe5ZIpQo pic.twitter.com/fzc7hhK1hF
— Blackhole (@BlackholeDex) July 17, 2025
These factors, among others, have catalyzed this bullish push, sending BLACK to unprecedented prices earlier today before the slight correction.
In a recent X post, Blackhole highlighted that its decentralized exchange (DEX) achieved a remarkable feat, with users locking $50 million in total value within a six-day interval. The milestone reflects a strong user adoption fueled by its “Genesis Pool” system.
For context, the Genesis Pool system pre-allocates liquidity to prevent rug pulls and has built trust in a space where many new DEXs struggle. On the other hand, optimism about Blackhole reaching $100 million TVL is growing.
The exchange is offering eye-catching incentives to foster its growth. According to a recent tweet, partners spending over $50,000 in “bribes” through a process tied to a cryptocurrency voting mechanism that boosts APR emissions will receive a $10,000 bonus top-up.
BLACK is the utility token of Blackhole, a decentralized exchange on the Avalanche blockchain. Launched in July 2025, it supports trading, liquidity provision, and governance participation.
Blackhole utilizes “Genesis Pools” to pre-allocate liquidity, thereby reducing rug pull risks, and offers cross-chain swaps without requiring gas tokens. Integrated with platforms such as SwissBorg, MEXC, and LBank, BLACK benefits from Avalanche’s fast and low-cost transactions, targeting Web3 gaming and AI projects.
BLACK boasts a market capitalization of $130 million and a 24-hour trading volume of $703,140, signaling massive user engagement. Meanwhile, incentive programs, such as bonuses for governance participation, drive engagement within its ecosystem.
The post Here’s Why Blackhole (BLACK) Jumped Over 53% Today appeared first on Cointab.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
