Upbit: AVAX withdrawal fee is adjusted from 0.01 to 0.1 AVAX
Golden Finance reported that Upbit, a South Korean cryptocurrency exchange platform, announced that due to changes in the Avalanche (AVAX) network fees, the withdrawal fee has been adjusted from 0.01 AVAX to 0.1 AVAX.
Approximately $16.7 million in AVAX was destroyed in the past week, 10 times that of the previous week
Avalanche users destroyed 439,000 AVAX tokens worth approximately $16.7 million during transactions in the past week, reducing the token's circulating supply and bringing the weekly amount of destroyed AVAX to its highest level yet. On the Avalanche network, all transaction fees are destroyed. The fees are based on the EIP-1559 design, which introduces a burning element to Ethereum's transaction fees. The difference is that Ethereum pays some of the transaction fees to validators and burns the rest, while Avalanche completely destroys them.
AVAS, the first inscription token on the Avalanche chain, ranks among the top three on the platform in 24-hour trading volume
According to Avascriptions market data on December 17th, the first inscription token on the Avalanche chain, AVAS, had a 24-hour trading volume exceeding 25,000 AVAX, ranking it among the top three on the avascriptions.com trading platform. It is reported that AVAS is the first ASC20 protocol token deployed on the Avalanche chain, created on June 29th, 2023.
The inscription token avav on the Avalanche chain has been minted
According to Avascriptions data, the inscription token avav on the Avalanche chain has been fully minted, with a total quantity of about 14.63 trillion and a holder count of 52,367.
Avalanche Eco Wallet Core can generate wallet and multi-chain seed phrases through Gmail account
Avalanche ecosystem wallet Core has introduced a groundbreaking wallet creation method that allows users to generate wallets and multi-chain seed phrases using their Gmail account without compromising security or custody. This innovation allows Core users to bypass traditional seed phrases and utilize familiar Web2 methods such as Gmail and Apple login to generate and manage keys.
NodeKit completes US$1.2 million in Pre-Seed round of financing, led by Borderless Capital
The NodeKit development team based on Avalanche's SEQ announced the completion of a $1.2 million Pre-Seed round of financing, led by Borderless Capital, with participation from Avalanche Blizzard Fund, Polygon Ventures, and Wormhole Cross-Chain Ecosystem Fund.It is reported that SEQ is a shared sorter Layer1 network that will help Rollup chains launch and decentralize their transaction sorting. SEQ will operate as an independent blockchain or subnet within the Avalanche ecosystem.
AVAX rose above $42, a 24-hour increase of 20.1%
According to OKX market data, AVAX rose above $42, currently priced at $42.18, with a 24-hour increase of 20.1%.
Nearly 1,000 transactions over $100,000 in AVAX occurred last week
According to DeepChain, IntoTheBlock monitoring shows that the number of large $AVAX transactions is on the rise, reaching a peak last week with nearly 1000 transactions exceeding $100,000.IntoTheBlock stated that although this is still not close to the levels seen in the last bull market, it is a positive signal for the bulls.
Fasanara Capital withdrew 82,000 AVAX from Binance 7 hours ago
According to Scopescan monitoring, 7 hours ago, Fasanara Capital withdrew 82,000 AVAX (3.02 million USD) from Binance. The price of AVAX has risen by 58% in the past 7 days.
AVAX rises above $30, up 20.4% in 24 hours
According to OKX market data on December 9th, AVAX has risen above $30 and is currently priced at $31.4, with a 24-hour increase of 20.4%.
