21 November 2021 20:08, UTC
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The cryptocurrency market has begun to gradually recover from last week’s correction as bitcoin, ethereum, and a host of other digital assets rallied. Against this backdrop, Avalanche has surged, showing a 46.9% increase in value over the past seven days. Avalanche also ranked among the top 10 digital assets with a market cap of $ 31.5 billion. On November 21, AVAX hit a record price level of $ 144 per unit. According to statistics, the crypto asset has grown by a whopping 3795% in 12 months.
The cryptocurrency has shown a special growth over the past 24 hours, there was a jump in the rate of more than 21%. Along with GALA, AVAX is one of the largest and most promising players on the market today. The market cap of AVAX is just below the stablecoin market cap (USDC) of $ 36.2 billion.
Statistics show that AVAX is up 46.9% in seven days, 83% in two weeks, more than 133% in the past three months, and from the beginning of the year to date, AVAX is up 3795%. Tether (USDT) accounts for 63.84% of today’s AVAX swaps, while the US Dollar accounts for about 14.23% of AVAX trades. This is followed by such trading pairs as BTC (9.58%), BUSD (5.56%), TRY (3.86%), ETH (1.33%) and BNB (0.79%).
Most often, transactions with AVAX are made on the Binance exchange. It is followed by Okex, Trader Joe, Huobi Pro, Bitfinex and Coinbase. Defillama’s metrics show that AVAX has the fourth highest total value blocked (TVL) in Decentralized Finance (DeFi) with a total of $ 12.74 billion. Over the past 24 hours, TVL has increased by 10.85%, and over the last week – by 20.95%. The Avalanche-powered decentralized exchange (DEX) Trader Joe has grown 34% in users over the past seven days and has a trading volume of $ 1.1 billion. Dex Trader Joe is the second largest platform in terms of trading volume after Uniswap.
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