Total NFT sales on Avalanche chain exceed $500 million
According to the latest data from Cryptoslam, the total sales of NFTs on the Avalanche chain have exceeded $500 million. At the time of writing this article, it has reached $500,556,328. There are approximately 153,000 independent sellers on the chain and over 230,000 independent buyers, with a total transaction volume on the chain exceeding 1.828 million.
Avalanche Foundation announces new rules for purchasing Meme coins
According to CoinDesk, Avalanche Foundation has announced new rules for purchasing Meme tokens. According to the "Eligibility Framework" released, Avalanche only considers Meme tokens native to the Avalanche blockchain, while not accepting tokens reserved for team allocation or cloned on other blockchains, and requiring the creation team to relinquish ownership of the minting contract. In addition, Avalanche Foundation will not recognize tokens that are hoarded by whales, launched without security company review, or without whitelist. Although the rules are flexible, meeting these conditions does not guarantee a purchase.
Avalanche executive: 586,000 people joined Twitter Space to discuss AVAV and Avalanche Inscription
Avalanche executive @demirelo posted a screenshot of the AVAV inscription on Twitter Space on X platform and said that it seems that 586,000 people have joined Twitter Space to participate in the discussion of the AVAV and Avalanche inscriptions.
Grayscale makes quarterly update on multi-asset cryptocurrency index fund component weights, GDLC adds AVAX and XRP, and removes MATIC
On January 7th, Grayscale announced quarterly updates to the component weights of the multi-asset cryptocurrency index fund GDLC.<br>In this adjustment, Grayscale Digital Large Cap Fund (GDLC) added AVAX and XRP, and removed MATIC. As of January 4, 2024, the components of the Grayscale Digital Large Cap Fund include BTC, ETH, ADA, SOL, AVAX, and XRP;<br>The CRV was removed from the Grayscale DeFi Fund (DEFG) index. The components of the Grayscale DeFi Fund (DEFG) include UNI, LDO, AAVE, MKR, and SNX;<br>The components of the Grayscale Non-Ethereum-based Smart Contract Platform Fund (GSCPxE) include ADA, SOL, MATIC, DOT, AVAX, and ATOM.
In the past seven days, NFT sales on the Polygon chain have increased by over 142%, and NFT sales on the Avalanche chain have increased by over 97%.
According to Cryptoslam data, the Bitcoin blockchain NFT sales volume has increased by 10.47% in the past 7 days, reaching $144,581,502 and ranking first. The Ethereum blockchain NFT sales volume decreased by 3.12% in the past 7 days, reaching $69,083,366 and ranking second. The Solana blockchain NFT sales volume decreased by 33.62% in the past 7 days, reaching $49,950,821 and ranking third. The Polygon blockchain NFT sales volume increased by 142.06% in the past 7 days, reaching $19,381,654 and ranking fourth. The Avalanche blockchain NFT sales volume increased by 97.80% in the past 7 days, reaching $7,877,699 and ranking fifth.
Avalanche’s transaction volume increased by more than 100% month-on-month in December
Trader Joe posted on X platform stating that Avalanche's trading volume in December increased by over 100%, reaching 5.8 billion US dollars.
Liquidity Collateralized Derivatives Token xALGO Listed on Avalanche
The liquidity collateralized derivative token xALGO has been launched on Avalanche. xALGO is the yield version of ALGO, which can accumulate value from Algorand governance rewards. With the collection of governance interest, its design goal is to continuously increase in value as the price of ALGO rises. xALGO will be launched on BNB Chain in May 2023, and Avalanche is the second blockchain to support this token.
Avalanche Foundation to Purchase Collection of Meme Coins for "Culture Catalyst" Program
The Avalanche Foundation plans to purchase a collection of meme coins under its "Culture Catalyst" program to broaden its portfolio. The selection process for the meme coin collection will be based on criteria such as the number of holders, liquidity thresholds, and overall social sentiment. The Foundation believes that meme coins represent the collective spirit and shared interests of diverse crypto communities. However, some experts warn that meme coins have nothing to support their price once the hype dies out and are not a sound investment.
IntoTheBlock: Nearly 80% of AVAX holders profited
Data from IntoTheBlock shows that nearly 80% of AVAX holders are in a profitable state, which is the first time since the bull market in 2021.
The transaction volume of the inscription token avav on the Avalanche blockchain exceeded 500,000 AVAX
According to data from Avascriptions, the inscription token avav on the Avalanche blockchain has traded over 500,027.41 AVAX since it began trading, becoming the highest trading inscription token on the Avalanche blockchain.
