NodeKit completes US$1.2 million in Pre-Seed round of financing, led by Borderless Capital
The NodeKit development team based on Avalanche's SEQ announced the completion of a $1.2 million Pre-Seed round of financing, led by Borderless Capital, with participation from Avalanche Blizzard Fund, Polygon Ventures, and Wormhole Cross-Chain Ecosystem Fund.It is reported that SEQ is a shared sorter Layer1 network that will help Rollup chains launch and decentralize their transaction sorting. SEQ will operate as an independent blockchain or subnet within the Avalanche ecosystem.
AVAX rose above $42, a 24-hour increase of 20.1%
According to OKX market data, AVAX rose above $42, currently priced at $42.18, with a 24-hour increase of 20.1%.
Nearly 1,000 transactions over $100,000 in AVAX occurred last week
According to DeepChain, IntoTheBlock monitoring shows that the number of large $AVAX transactions is on the rise, reaching a peak last week with nearly 1000 transactions exceeding $100,000.IntoTheBlock stated that although this is still not close to the levels seen in the last bull market, it is a positive signal for the bulls.
Fasanara Capital withdrew 82,000 AVAX from Binance 7 hours ago
According to Scopescan monitoring, 7 hours ago, Fasanara Capital withdrew 82,000 AVAX (3.02 million USD) from Binance. The price of AVAX has risen by 58% in the past 7 days.
AVAX rises above $30, up 20.4% in 24 hours
According to OKX market data on December 9th, AVAX has risen above $30 and is currently priced at $31.4, with a 24-hour increase of 20.4%.
Avalanche surpasses MATIC, TRX and LINK to become the 10th largest cryptocurrency by market capitalization
Market data shows that in the past two weeks, Avalanche (AVAX) has surpassed Bitcoin Cash (BCH), Polygon (MATIC), Polkadot (DOT), Tron (TRX), and Chainlink (LINK) to become the 10th largest cryptocurrency by market capitalization. AVAX currently has a market capitalization of 9.8 billion US dollars.
Web3 social protocol Inspect now supports the Avalanche ecosystem
Web3 social protocol Inspect has announced its support for the Avalanche ecosystem. Inspect has introduced a new dedicated collection ranking system for Avax NFTs, and its web application now provides a detailed view of the Avax-based NFT community. Inspect is prepared to continue expanding its partnerships and further exploring the depth of its dynamic ecosystem.
Avalanche's weekly trading volume reaches $2 billion, a new yearly high
According to a report from blockchain analysis company IntoTheBlock, the transaction volume on the Avalanche blockchain increased in November. During the week of November 13, 2023, the transaction volume reached a new annual high of $2 billion. During this period, the block confirmation time remained stable at about one second. In addition, gas prices remained around 80 AVAX and the average cost per transaction was $0.05.
Since mid-November, the number of transactions on EVM chains such as Fantom has surged more than 10 times
According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.
Trader Joe's: Epoch 17 ends December 1
Avalanche's ecosystem DEX Trader Joe released a tweet stating that Epoch 17 will end on December 1st. There is still plenty of time to provide liquidity, earn fees, and get ranked on the leaderboard to unlock rewards such as $ARB.
