The post LEVR Bet Announces Multichain Launch of Sports Betting With Leverage on Avalanche, Monad, Hyperliquid appeared on BitcoinEthereumNews.com.

Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. San Jose, Costa Rica, January 22nd, 2025, Chainwire Enabled by LayerZero, LEVR Bet to Host Live Wagers for Super Bowl LIX LEVR Bet, the world’s first Decentralized Leveraged Sports Book Exchange, today announces the launch of its leverage sports betting platform on the newly upgraded Avalanche C-Chain and further planned deployment on high-performance L1 Hyperliquid as well as Monad Mainnet. Enabled by LayerZero technology, LEVR Bet is executing a multichain launch to serve users in the rapidly growing sports betting market. During its Preseason Beta launch, LEVR Bet will allow users to bet with play credits during the NFL playoffs and NBA regular season while getting community rewards, beginning with the NFL’s Conference Championship games on Sunday, Jan. 26. Actual wagers with real USDC payouts are expected to be supported in the coming months. “We’re excited to get users betting with actual rewards on the line. The thrill of leverage sports betting is unmatched in the betting world,” says Mr. Blue, Founder of LEVR Bet. “We’re thankful for Avalanche, who were able to help us roll out early features for our users to get the excitement going for the NFL playoffs. And we’re stoked to deploy the full version with USDC payouts once Hyperliquid and Monad launch.” Following the Avalanche9000 upgrade, transaction fees on the C-Chain were reduced by 96%, while deployment costs dropped by 99.9%. LEVR’s platform benefits from low fees, near-instant transaction finality, and Avalanche infrastructure capable of handling high-volume betting activity. With high-speed confirmation times and minimized network congestion, Avalanche is uniquely suited to support in-game betting where speed and…

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Filed under: News - @ January 22, 2025 4:19 pm