Avalanche surpasses MATIC, TRX and LINK to become the 10th largest cryptocurrency by market capitalization
Market data shows that in the past two weeks, Avalanche (AVAX) has surpassed Bitcoin Cash (BCH), Polygon (MATIC), Polkadot (DOT), Tron (TRX), and Chainlink (LINK) to become the 10th largest cryptocurrency by market capitalization. AVAX currently has a market capitalization of 9.8 billion US dollars.
Web3 social protocol Inspect now supports the Avalanche ecosystem
Web3 social protocol Inspect has announced its support for the Avalanche ecosystem. Inspect has introduced a new dedicated collection ranking system for Avax NFTs, and its web application now provides a detailed view of the Avax-based NFT community. Inspect is prepared to continue expanding its partnerships and further exploring the depth of its dynamic ecosystem.
Avalanche's weekly trading volume reaches $2 billion, a new yearly high
According to a report from blockchain analysis company IntoTheBlock, the transaction volume on the Avalanche blockchain increased in November. During the week of November 13, 2023, the transaction volume reached a new annual high of $2 billion. During this period, the block confirmation time remained stable at about one second. In addition, gas prices remained around 80 AVAX and the average cost per transaction was $0.05.
Since mid-November, the number of transactions on EVM chains such as Fantom has surged more than 10 times
According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.
Trader Joe's: Epoch 17 ends December 1
Avalanche's ecosystem DEX Trader Joe released a tweet stating that Epoch 17 will end on December 1st. There is still plenty of time to provide liquidity, earn fees, and get ranked on the leaderboard to unlock rewards such as $ARB.
Avalanche Web Wallet will be phased out on November 30, users can switch to Core
Avalanche Web Wallet will gradually be discontinued on November 30th. Users can now perform staking operations through Core Stake. Users simply need to connect through the Core extension or use a Ledger hardware wallet, and access their account with the new UI.
Avalanche: Snowtrace new browser migration to take place November 27-30
The Avascan team is advancing the migration of Snowtrace from the current single-chain browser serving the C chain, Snowtrace browser (operated by Etherscan), to the new Snowtrace Multichain unified multi-chain browser to achieve ecosystem-level data integration and cover all tokens, transactions, and data points on all subnets.<br>Avascan.info will continue to exist, and the new Snowtrace browser will focus on EVM data and be hosted by Routescan. Each page will add unified multi-chain data points and introduce Web3 user accounts to replace the previous Web2 system. Staked data, X-chain data, and P-chain data will continue to be available on Avascan. This migration is expected to take place from 8:00 a.m. on November 27th to 8:00 a.m. on November 30th Beijing time, and there may be brief service interruptions during this period.
Avalanche: Snowtrace new browser migration to take place November 27-30
The Avascan team is advancing the migration of Snowtrace from the current single-chain browser that serves the C chain, Snowtrace browser (operated by Etherscan), to the new Snowtrace Multichain unified multi-chain browser, in order to achieve ecosystem-level data integration and cover all tokens, transactions, and data points of all subnets. Avascan.info will continue to exist, and the new Snowtrace browser will focus on EVM data and be hosted by Routescan. Each page will include unified multi-chain data points and introduce Web3 user accounts, replacing the previous Web2 system, while staking data, X-chain data, and P-chain data will continue to remain on Avascan. The migration work is expected to be carried out from 8:00 a.m. on November 27th to 8:00 a.m. on November 30th Beijing time, during which there may be brief service interruptions.
Proposal to add EURC to Avalanche Aave V3 opens temperature check voting
The proposal to add EURC to Avalanche Aave V3 has opened a temperature check vote on the community governance forum. EURC is Circle's euro-backed stablecoin, and the proposal suggests that adding EURC will have a net positive impact on the Aave and Avalanche ecosystems due to the DeFi synergies generated by users depositing or borrowing EURC on Aave. If consensus is reached, this proposal will be upgraded to the TEMP CHECK snapshot phase.
AVAX ecosystem receives $10M in funding from Colony Lab
On November 21st, according to CoinDesk, Avalanche ecosystem developer and accelerator Colony Lab announced that they will invest $10 million to support the long-term development of the network.<br>The company stated that they have purchased over 500,000 AVAX tokens worth $8 million in the past few months, and these funds will be used to establish a validator program that benefits AVAX holders.
