Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with its $31.5 billion market cap. On November 21, avalanche tapped an all-time price high at $144 per unit as the crypto asset has gained a whopping 3,795% in 12 months.
The value of avalanches has increased by more than 20% in the last 24 hours
The avalanche of crypto assets (AVAX) has grown significantly over the past 24 hours, jumping in value by over 21%. Besides the gala (GALA), the avalanche is the biggest gain in crypto assets over the past day. On Sunday, AVAX hit an all-time high (ATH) of over $ 144 per unit and entered the top ten for cryptocurrencies by market cap. The AVAX market is just below the $ 36.2 billion market capitalization of USD Stables (USDC).
Seven-day statistics indicate that AVAX has climbed 46.9% in seven days, 83% in two weeks, over 133% during the last three months, and year-to-date, AVAX is up 3,795%. Tether (USDT) commands 63.84% of today’s AVAX swaps while the U.S. dollar has around 14.23% of AVAX trades. This is followed by trading pairs such as BTC (9.58%), BUSD (5.56%), TRY (3.86%), ETH (1.33%), and BNB (0.79%).
The most active crypto trading platform trading avalanches (AVAX) on Sunday is Binance. The Binance exchange is followed by Okex, Trader Joe, Huobi Pro, Bitfinex, and Coinbase in terms of AVAX transactions. Defillama’s measurements show that AVAX holds the fourth total blocked value (TVL) in decentralized finance (challenge) with $ 12.74 billion. Over the past 24 hours the TVL has increased by 10.85% and over the past week it has increased by 20.95%.
The Avalanche-based decentralized exchange (dex) Trader Joe has seen a 34% increase in users over the last seven days and $1.1 billion in global trade volume. The dex Trader Joe is the second-largest platform in terms of trade volume below Uniswap’s $4.29 billion in weekly swaps. Trader Joe is also the sixth-largest defi protocol in terms of TVL with $2.59 billion total value locked on Sunday. Furthermore, Avalanche-based tokens like joe (JOE) and wonderland (TIME) have been rising in value alongside the native currency AVAX.
