Avalanche Value Surges Reaching an All-Time High, AVAX Joins the Top Ten Crypto Markets

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Cryptocurrency markets have started to recuperate from last week’s losses as bitcoin, ethereum, and a slew of digital assets have seen slight gains. However, the cryptocurrency avalanche has seen its value skyrocket this past week 46.9% higher over the last seven days. Avalanche has also crept into the top ten digital asset market valuations with its $31.5 billion market cap. On November 21, avalanche tapped an all-time price high at $144 per unit as the crypto asset has gained a whopping 3,795% in 12 months.

Avalanche Value Spikes Over 20% Over the Last 24 Hours​

The crypto asset

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has increased a great deal over the last 24 hours jumping in value more than 21%. Besides gala (GALA), avalanche is the biggest crypto asset gainer during the last day. On Sunday, AVAX reached an all-time high (ATH) at over $144 per unit and has entered the top ten cryptocurrencies by market capitalization. AVAX’s market is just below the stablecoin market usd coin’s (USDC) $36.2 billion capitalization.

Seven-day statistics indicate that

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has climbed 46.9% in seven days, 83% in two weeks, over 133% during the last three months, and year-to-date, AVAX is up 3,795%. Tether (

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) commands 63.84% of today’s AVAX swaps while the U.S. dollar has around 14.23% of AVAX trades. This is followed by trading pairs such as

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(9.58%), BUSD (5.56%), TRY (3.86%),

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(1.33%), and

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(0.79%).

The most active crypto trading platform exchanging

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on Sunday is Binance. The exchange Binance is followed by Okex, Trader Joe, Huobi Pro, Bitfinex, and Coinbase in terms of AVAX trades. Defillama metrics show that AVAX holds the fourth-largest total value locked (TVL) in decentralized finance (defi) with $12.74 billion. In the last 24 hours, the TVL increased 10.85% and over the last week, it increased 20.95%.

The Avalanche-based decentralized exchange (dex) Trader Joe has seen a 34% increase in users over the last seven days and $1.1 billion in global trade volume. The dex Trader Joe is the second-largest platform in terms of trade volume below Uniswap’s $4.29 billion in weekly swaps. Trader Joe is also the sixth-largest

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in terms of TVL with $2.59 billion total value locked on Sunday. Furthermore, Avalanche-based tokens like joe (JOE) and wonderland (TIME) have been rising in value alongside the native currency AVAX.

What do you think about Avalanche hitting an all-time high and making it into the top ten crypto assets in terms of market cap? Let us know what you think about this subject in the comments section below.