My beautiful people! What's up, friends! I already told you about the big party that several blockchains are throwing this week, but a couple of you asked me: "And AVAX? What's happening with Avalanche, my brother?" And I'm happy to bring you the gossip because the situation is interesting! 🧐
Avalanche (AVAX) is like that cousin who sometimes hides a little, but when they come out, they come out strong! And this week, Nansen, the all-seeing one in the crypto world, confirmed to us that AVAX is more active than a kid on vacation! 🏖️
Watch out for this! The Avalanche network has been on fire with transactions. Imagine that in the last seven days, they handled more than 5.2 million transactions! That's a jump of over 112% compared to the previous week! Crazy! And people, the active users, also joined the party: they increased by 23% to reach more than 283 thousand active addresses! 🎉 When people move like this on the network, it's because something good is brewing!
And if we talk about money, the network fees skyrocketed by 193%! Almost 200 thousand dollars! This indicates that people are making heavy use of the blockchain. Additionally, the stablecoin market on Avalanche, which are those coins that don't fluctuate much in price, also recovered and is now over 2.1 trillion dollars! A serious matter! 💰
Regarding the price of AVAX, well, this week has been like a roller coaster, you know? It has had some strong ups, like a jump of 12% from its lowest point or even a 6% in 24 hours, showing that it has its endurance and institutional backing. And of course, it's no surprise, since even FIFA launched its blockchain there! That gives it tremendous weight! ⚽️🔥 However, it's like life, sometimes it goes up and sometimes it goes down a little in the day-to-day. But the important thing is that the activity on the network continues to show that Avalanche has its groove and loyal supporters.
So, keep an eye on Avalanche! Despite the ups and downs of the market, the strength of its ecosystem and the activity of its users tell us that this token remains an important player in the crypto field. Let's be alert to its upcoming moves! 😉$AVAX
