Citibank collaborated with traditional financial giants WisdomTree and Wellington Management to conduct a tokenization concept verification test of private equity funds on the Avalanche subnetwork Spruce. They tested various use cases, including end-to-end token transfers, secondary transfers for trading, and new features verification through collateralized loans.

According to Token Unlock data, the token unlock scale in February is expected to reach nearly $900 million. This includes:

Avalanche announced on social media that the pre-release code for Durango has been released. This is a proposed upgrade for the Avalanche network, which will be activated on the Fuji Testnet at 11:00 am Eastern Time on February 13th, 2024.

According to the latest data from Cryptoslam, the total sales of NFTs on the Avalanche chain have exceeded $500 million. At the time of writing this article, it has reached $500,556,328. There are approximately 153,000 independent sellers on the chain and over 230,000 independent buyers, with a total transaction volume on the chain exceeding 1.828 million.

According to CoinDesk, Avalanche Foundation has announced new rules for purchasing Meme tokens. According to the "Eligibility Framework" released, Avalanche only considers Meme tokens native to the Avalanche blockchain, while not accepting tokens reserved for team allocation or cloned on other blockchains, and requiring the creation team to relinquish ownership of the minting contract. In addition, Avalanche Foundation will not recognize tokens that are hoarded by whales, launched without security company review, or without whitelist. Although the rules are flexible, meeting these conditions does not guarantee a purchase.

Avalanche executive @demirelo posted a screenshot of the AVAV inscription on Twitter Space on X platform and said that it seems that 586,000 people have joined Twitter Space to participate in the discussion of the AVAV and Avalanche inscriptions.

On January 7th, Grayscale announced quarterly updates to the component weights of the multi-asset cryptocurrency index fund GDLC.<br>In this adjustment, Grayscale Digital Large Cap Fund (GDLC) added AVAX and XRP, and removed MATIC. As of January 4, 2024, the components of the Grayscale Digital Large Cap Fund include BTC, ETH, ADA, SOL, AVAX, and XRP;<br>The CRV was removed from the Grayscale DeFi Fund (DEFG) index. The components of the Grayscale DeFi Fund (DEFG) include UNI, LDO, AAVE, MKR, and SNX;<br>The components of the Grayscale Non-Ethereum-based Smart Contract Platform Fund (GSCPxE) include ADA, SOL, MATIC, DOT, AVAX, and ATOM.

According to Cryptoslam data, the Bitcoin blockchain NFT sales volume has increased by 10.47% in the past 7 days, reaching $144,581,502 and ranking first. The Ethereum blockchain NFT sales volume decreased by 3.12% in the past 7 days, reaching $69,083,366 and ranking second. The Solana blockchain NFT sales volume decreased by 33.62% in the past 7 days, reaching $49,950,821 and ranking third. The Polygon blockchain NFT sales volume increased by 142.06% in the past 7 days, reaching $19,381,654 and ranking fourth. The Avalanche blockchain NFT sales volume increased by 97.80% in the past 7 days, reaching $7,877,699 and ranking fifth.

Trader Joe posted on X platform stating that Avalanche's trading volume in December increased by over 100%, reaching 5.8 billion US dollars.

The liquidity collateralized derivative token xALGO has been launched on Avalanche. xALGO is the yield version of ALGO, which can accumulate value from Algorand governance rewards. With the collection of governance interest, its design goal is to continuously increase in value as the price of ALGO rises. xALGO will be launched on BNB Chain in May 2023, and Avalanche is the second blockchain to support this token.