Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. The cryptocurrency avalanche’s value has risen 46.9% in the past seven days. Avalanche’s $31.5 billion market capital has seen it climb into the top 10 digital asset market values. As the crypto asset gained an incredible 3,795% in just 12 months, avalanche hit an all time high price of $144 per unit.
In the last 24 hours, Avalanche Value has risen by more than 20%
Avalanche, a crypto asset (AVAX), has experienced a tremendous increase over the last 24 hour. The value of AVAX has jumped more than 21% in less than 24 hours. Gala (GALA) was the only crypto asset that gained value over the previous day. Avalanche, however, is the most important. AVAX hit an all-time record (ATH) on Sunday at $144 per unit. It has also entered the top ten most valuable cryptocurrencies according to market capitalization. AVAX’s market is just below the stablecoin market usd coin’s (USDC) $36.2 billion capitalization.
AVAX’s seven-day stats show that AVAX rose 46.9% over the past seven days and 83% in just two weeks. It has also risen more than 133% over the last three months. Year-to-date, AVAX stands at 3,795%. Tether (USDT) commands 63.84% of today’s AVAX swaps while the U.S. dollar has around 14.23% of AVAX trades. These trading pairs include BTC (9.58%), BUSD (5.56%), TRY (3.86%), ETH (1.33%) and BNB (0.79%).
Binance is currently the top crypto trading platform for Avalanche (AVAX) trades on Sunday. In terms of AVAX trades, Binance follows Okex, Trader Joe and Huobi Pro. Defillama metrics indicate that AVAX has the fourth largest total value locked (TVL), in decentralized financial (defi), at $12.74 billion. Over the last week, TVL rose 20.95% and 10.85%, respectively.
Decentralized exchange (dex), Trader Joe, based in Avalanche has experienced a 34% growth in its users and $1.1 Billion in global trade volume over the past 7 days. The dex Trader Joe is the second-largest platform in terms of trade volume below Uniswap’s $4.29 billion in weekly swaps. With $2.59 trillion in total value on Sunday, Trader Joe also ranks sixth among defi protocols. Avalanche tokens based on Avalanche, such as joe and wonderland have seen their value rise alongside AVAX.
Do you agree with Avalanche making the list of top 10 crypto assets by market capital and hitting an all time high? We’d love to hear your opinions on the subject.
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