According to DeepChain, IntoTheBlock monitoring shows that the number of large $AVAX transactions is on the rise, reaching a peak last week with nearly 1000 transactions exceeding $100,000.IntoTheBlock stated that although this is still not close to the levels seen in the last bull market, it is a positive signal for the bulls.

According to Scopescan monitoring, 7 hours ago, Fasanara Capital withdrew 82,000 AVAX (3.02 million USD) from Binance. The price of AVAX has risen by 58% in the past 7 days.

According to OKX market data on December 9th, AVAX has risen above $30 and is currently priced at $31.4, with a 24-hour increase of 20.4%.

Market data shows that in the past two weeks, Avalanche (AVAX) has surpassed Bitcoin Cash (BCH), Polygon (MATIC), Polkadot (DOT), Tron (TRX), and Chainlink (LINK) to become the 10th largest cryptocurrency by market capitalization. AVAX currently has a market capitalization of 9.8 billion US dollars.

Web3 social protocol Inspect has announced its support for the Avalanche ecosystem. Inspect has introduced a new dedicated collection ranking system for Avax NFTs, and its web application now provides a detailed view of the Avax-based NFT community. Inspect is prepared to continue expanding its partnerships and further exploring the depth of its dynamic ecosystem.

According to a report from blockchain analysis company IntoTheBlock, the transaction volume on the Avalanche blockchain increased in November. During the week of November 13, 2023, the transaction volume reached a new annual high of $2 billion. During this period, the block confirmation time remained stable at about one second. In addition, gas prices remained around 80 AVAX and the average cost per transaction was $0.05.

According to data from The Block dashboard, the number of transactions on alternative Ethereum Virtual Machine (EVM) chains, including Fantom, Avalanche, Celo, Polygon, and BNB Chain, has surged since mid-November. Fantom saw the highest increase, reaching 1,321%, with transaction volume growing from 239,920 on November 17 to 3.41 million on November 26. Celo grew by 1,277% in just four days, with transaction volume increasing from 277,500 on November 22 to 3.82 million on November 26. Polygon saw a 155% increase in transaction volume from November 14 to November 26, while Avalanche's transaction volume grew from 321,900 on November 18 to 3.08 million on November 26, an increase of 857%.

Avalanche's ecosystem DEX Trader Joe released a tweet stating that Epoch 17 will end on December 1st. There is still plenty of time to provide liquidity, earn fees, and get ranked on the leaderboard to unlock rewards such as $ARB.

Avalanche Web Wallet will gradually be discontinued on November 30th. Users can now perform staking operations through Core Stake. Users simply need to connect through the Core extension or use a Ledger hardware wallet, and access their account with the new UI.

The Avascan team is advancing the migration of Snowtrace from the current single-chain browser serving the C chain, Snowtrace browser (operated by Etherscan), to the new Snowtrace Multichain unified multi-chain browser to achieve ecosystem-level data integration and cover all tokens, transactions, and data points on all subnets.<br>Avascan.info will continue to exist, and the new Snowtrace browser will focus on EVM data and be hosted by Routescan. Each page will add unified multi-chain data points and introduce Web3 user accounts to replace the previous Web2 system. Staked data, X-chain data, and P-chain data will continue to be available on Avascan. This migration is expected to take place from 8:00 a.m. on November 27th to 8:00 a.m. on November 30th Beijing time, and there may be brief service interruptions during this period.