Avalanche [AVAX] has reached another milestone recently despite the drawdown from Jerome Powell. Ava Labs executive Patrick Sutton confirmed that Avalanche has reached an all-time high in monthly transactions. In his tweet, Sutton confirmed that Avalanche completed 32.7 million transactions in August with seven days to spare. A day later, the transactions had ramped up […]
, GameFi addresses witnessed a significant rise to 1.5 million in the second half of 2021, then declined gradually to around one million.
In retrospect, this is a much better performance as compared to DeFi address performance in the same period. It simply means that the GameFi industry has matured and can still retain users in the downtrend.Avalanche’s governance token AVAX has seen a major dip in the past 24 hours as alongside to other cryptocurrencies. The 11% dip on the daily chart has brought down AVAX just above the $20 support line.
It has also diminished the weekly gains which now stand at -10.09% according to CoinMarketCap. The crypto market has reacted woefully to Powell’s recent speech and AVAX’ performance is another reaction to it.Subscribe to get it daily in your inbox.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mississauga lawyer wanted for fraud arrested at Pearson airportPeel Regional Police have arrested a Mississauga lawyer for allegedly defrauding clients out of $10 million in real estate transactions.
Read more »
Putin orders benefit payments for people arriving in Russia from UkraineThe decree, published on a government portal, establishes monthly pension payments of 10,000 rubles for people who have been forced to leave the territory of Ukraine since Feb. 18
Read more »
Pandemic still affects Canadians financiallyResearch done by the federal Financial Consumer Agency of Canada is keeping track of how Canadians are doing financially during the COVID\u002D19 pandemic.
Read more »
Pandemic still affects Canadians financiallyResearch done by the federal Financial Consumer Agency of Canada is keeping track of how Canadians are doing financially during the COVID\u002D19 pandemic.
Read more »