After seeing a huge drop in Bitcoin’s prices, Avalanche has seen a boom. On 21 November 2021, there was a sharp increase of over 20% in a crypto active avalanche (AVAX). The news revealed that within 24 hours, there was a rise of over 21% in Avalanche’s prices.
As of Sunday, Binance is the leading trading platform for Avalanche. Binance is followed by certain other powerful trading platforms like Okex, Trader Joe, and Huobi Pro. The decentralized financial metrics (Defillama) says, that AVAX is accounted to have secured the fourth position in the largest total value locked (TVL).
How much did Avalanche value increase?
The statistics of AVAX show the growing trends in the past few months. The sudden rise of over 21% in 24 hours set a new record and has joined the team of top ten cryptocurrencies of time. As per the statistics, there is an increase of 46.9% within a week and around an 83% rise in two weeks. Avalanche has seen an increase of $144 per unit, which is tremendous. On Sunday, AVAX besides Gala became the asset winner because of a single-day rise of over 21%. The asset market of Avalanche has entered the top ten cryptocurrency section with $31.5 billion capital.
Even, decentralized exchange (DEX) remarked that Trader Joe, one of the trading platforms of Avalanche, has alone shown a growth of 34% in the terms of its users. Also, the trade volume of Trader Joe has increased in past one week and marked $1.1 billion.