🚀 Avalanche (AVAX) has been experiencing a huge rise recently and achieved a weekly gain of 82% despite the decline in the market.

🔝 AVAX surpassed Dogecoin, rising to $40.26 and becoming the ninth largest cryptocurrency in terms of market capitalization.

✅ Avalanche's on-chain metrics also support the rise. The number of AVAX transactions exceeding $100,000 reached almost 1,000.

🏦 Financial giants like JPMorgan and Citi have included the Avalanche Foundation in their real-world asset tokenization projects, which could raise optimism among investors.

💰 Avalanche's strategy to incentivize its validators has led to a significant increase in market cap. As of December 7, this fourth-generation proof-of-stake blockchain has allocated over $275 million in AVAX to reward its validators over the past year.

📈 This bull trend affected not only the cryptocurrency but also Trader Joe's, Avalanche's leading decentralized exchange (DEX). Fee capture on the popular DEX increased significantly, reaching $1.23 million, the second highest figure of the year, according to DefiLlama data.