Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped.

Avalanche (AVAX) token rose to $20.65 on Saturday, June 7, up by 12% from its lowest point this week. 

Third-party data shows that Avalanche’s network is doing well as it became the fastest-growing one in the industry this week. According to Nansen, Avalanche handled over 5.2 million transactions in the last seven days, a 112% increase from a week earlier. 

This increase happened as the number of active addresses jumped by 23% to 283,163. Avalanche’s fees jumped by 193% to almost $200,000. 

The same performance has happened in the last 30 days as the transaction count jumped by 326% and active addresses jumped by 312% to 2.05 million.

Another piece of data shows that Avalanche’s stablecoin network has started to rebound. It has over $2.1 billion in stablecoin market cap, the highest it has been since Feb. 19. This is up from $1.46 billion on January 20. 

Decentralized exchange protocols on Avalanche are also seeing high volume recently. It handled over $131 million in volume in the last 24 hours, the third day of gains. 

Avalanche scores with FIFA NFT deal, technicals show…

Avalanche gained traction after the Fédération Internationale de Football Association, or FIFA, said that it would tap its network to power its NFT sales.

This is a big deal for Avalanche because of FIFA’s scale and the plunge in its chain’s NFT sales in the past few years. These sales stood at just $103,000 in the last seven days.

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Author: Crispus Nyaga