The receding year has been magnanimous for a myriad of digital assets and sectors. The ever-growing list includes Avalanche, which has been engraving a lasting impression in the space. The protocol has been garnering the attention of savvies in the crypto fraternity, with its startling network activity.
Successively, Avalanche has been roaring with its sprawling ecosystem munching newer milestones. The protocol has been catering to a host of applications, while the projects built on the network have been escalating at an impeccable rate. On the other hand, the Avalanche community is growing stronger in parallel with its soaring metrics.
Will Avalanche’s Hustle Bring It Closer To The Second-largest Crypto?
The Avalanche community has been growing at a brisk rate, with an impressive count of engagements happening on public platforms. The platform has over 480k followers on Twitter, while the Telegram channel is fast approaching the 45k landmark. And has probably hit the milepost by the time you are reading this update. In addition, Avalanche is presently at over 746k monthly active addresses.
A host of projects have found a home at Avalanche’s network in December. Some of which include Fire blocks, Domani protocol, Gelato, Juggernaut DeFi, Ragnarok DAO, amongst others. The network has been holding its presence in the gamefi landscape, with projects such as Imperium Empires, Avaxtars, Heroes of NFT amongst others.
The top three Avalanche projects with the highest trade volume for the week are Trader Joe with $447.21 M, Teddy Cash with $325.26 M, and Aave with $135.83 M. On the other hand, the most held tokens from the ecosystem are AVAX, JOE, and XAVA. Penguin Finance, phase-2 pf Penguin Rush is all set to commence. Four new farms are in-line with the project, which are KITTY/AVAX, SHERPA/AVAX, MIM/AVAX, and PEFI/MIM.
Collectively, Avalanche is a potential protocol to look out for in the first quarter of 2022. With the overwhelming count of adoptions, and diversity of the network. Avalanche could embark on a trek to its ATH in near future. Hopefully, the bulls barge in taking AVAX price beyond its ATH in the first month of 2022.