AVAX has soared more than 400% in the past two months, and this is largely due to the outstanding performance of the RWA and GameFi sectors in the ecosystem. It has now become a leader in these two fields.
valanche has recently made significant changes to focus on developing future narratives and building strategic partnerships.
This boosted on-chain activity and AVAX price, which surged more than 400% in two months.
The price of Avalanche (AVAX) has recently experienced phenomenal growth, surging by more than 300% in just two months. This parabolic rise has attracted much attention in the cryptocurrency community, with speculation rife as to what factors could have caused a price surge of this magnitude.
According to on-chain data, the number of AVAX active addresses increased by 300% during this period. In addition, according to a report by AlΞx Wacy, the decentralized exchange (DEX) trading volume on AVAX surged from US$10 million to more than US$200 million, an increase of up to 2000%, becoming one of the most significant increases among all blockchains. .
At the same time, AVAX has gained tremendous mainstream credibility in the financial sector through partnerships with major institutions such as JPMorgan Chase, Citi and Republic Note. This combination of surging fundamentals and institutional recognition goes a long way to explain why AVAX has recently risen by more than 300%.
Avalanche's gains over the past two months could be just the beginning as fundamentals explode as institutional and gaming adoption accelerates. Major projects to watch include HON, DOMI, and Heroes Chained, which look poised for significant growth in the future.
AVAX achieves 100% gain in 3 weeks
AVAX recently broke through the $42 mark and is currently trading at $41.
Since the report, it quickly reached the levels seen before the FTX crash, having risen by over 100%. Now, if AVAX keeps up the momentum, the top tokens in its ecosystem may continue to gain ground. Always remember, when an L1 pushes hard, the active tokens in its ecosystem will follow.
AVAX is the only L1 based on RWA and game narrative, and is a real competitor capable of challenging ETH and SOL.
Two chains going crazy right now - SOL - AVAX
So let’s explore which tokens the smart money is imitating: The $SOL ecosystem we have:
- JTO
- PEEP
- RBT
The following is Avax's investment strategy:
Large market capitalization projects:
AVAX
Without a doubt, AVAX is the easiest way to bet on Avalanche outperforming other L1s.
JOE
Avax’s Uniswap, but better, with incredible liquidity due to the efficiency of liquidity bookkeeping.
Mid-cap projects:
QI
Avax’s liquidity staking protocol and Lido.
PURCHASE
Avax is a decentralized issuance platform for projects and IDOs.
SHRAP
A blue chip AAA FPS game from Avax.
Small market capitalization projects:
DOMI
Domi is a Web 3 MMORPG game on Avax.
STEAK
Steakhut is Avax’s liquidity manager, providing a permissionless vault of centralized liquidity.
YAK
Automatic yield compounding and liquidity staking protocol on Avax.
ROCO
Hidden gem, small market value, not yet over-hyped, has its own products, and has been listed on some exchanges, such as Gate, mexc, houbi. This project belongs to the same field as XAVA. But the market value is 20 times smaller than XAVA. XAVA is x10 away from the bottom, ROCO has not yet pulled up strongly, and there are signs of absorbing goods. ROCO has just done gamefi and launchpad, and raised $3.6 billion in cooperative financing. Avalanch and Alamendaresreach have also invested in ido. The flow of funds continues to flow into the Avax system, so it is worth looking forward to.
Uncovering the mysterious reason why Avalanche (AVAX) set off the market: What is the truth behind the 300% surge in just two months?
The price of Avalanche (AVAX) has recently experienced phenomenal growth, surging by more than 300% in just two months. This parabolic rise has attracted much attention in the cryptocurrency community, with speculation rife as to what factors could have caused a price surge of this magnitude.
According to on-chain data, the number of active addresses on Avalanche increased by 300% during this period. In addition, according to a report by AlΞx Wacy, the decentralized exchange (DEX) trading volume on Avalanche surged from US$10 million to more than US$200 million, an increase of up to 2000%, becoming one of the most significant increases among all blockchains. .
Meanwhile, Avalanche (AVAX) has gained tremendous mainstream credibility in the financial sector through partnerships with major institutions such as JPMorgan Chase, Citigroup, and Republic Note. This combination of surging fundamentals and institutional recognition goes a long way to explaining why AVAX has recently risen more than 300%.
This explosion of activity is largely due to Avalanche’s thriving GameFi sector. Avalanche’s low fees and high throughput make it ideal for blockchain gaming. One of the projects that has received a lot of attention is Heroes of NFT (HON).
Avalanche's gains over the past two months could be just the beginning as fundamentals explode as institutional and gaming adoption accelerates. Major projects to watch include HON, DOMI, and Heroes Chained, which look poised for significant growth in the future.