Crypto Blog
The volume of daily large transactions on decentralized, open-source Proof-of-Stake blockchain Avalanche has surged to its highest since December 2023, as the network’s native token, AVAX, reached levels not seen since May 2022.from crypto market intelligence platform IntoTheBlock, Avalanche’s daily large transaction volume hit $329 million on Monday, March 11, indicating increased activity of large holders of AVAX.
The last time large AVAX transactions – those with a value of $100,000 or more – recorded volumes around the current figure was on December 29, when the amount sat at $412 million. At the time, AVAX was worth $48, and the number of large transactions was more than 2,800.two weeks before the time that the number of large AVAX transactions was recovering from the brunt of the bull market and reaching a peak of 1.000.
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