Avalanche (AVAX) Surpasses $235M Daily Trading Volume as Blockchain Tech Drives Market Performance

Avalanche (AVAX) Dips Slightly Amid Year-End Trading

AVAX saw a modest 0.3% dip against the dollar as markets closed out December 30th, wrapping up the year hovering around $12.46 per coin (or ₿0.00014170). Despite the minor pullback, the token maintains a hefty $5.36 billion market cap, with nearly $236 million in trade volume over the past 24 hours. Notably, AVAX has climbed 4.4% over the last week—signaling resilience amid broader market uncertainty.

How Rival Cryptos Fared

AVAX wasn’t alone in the red. Here’s the breakdown of other altcoins that struggled:

– Cronos (CRO): Down 0.8% at $0.0919
– Hedera (HBAR): Tumbled 2.4% to $0.11
– NEAR Protocol: Slipped 1.6% to $1.51
– Algorand (ALGO): Dipped 3.3% to $0.11
– Fetch.ai (FET): Fell 2.1% to $0.20

Internet Computer (ICP) got hit hardest, plunging 4.5%, while tokens like Akash Network (AKT) and Cosmos (ATOM) also trended downward. Even with crypto’s notorious volatility, projects like those fueling the ongoing Black Friday presale frenzy show certain narratives still captivate traders.

AVAX: Built for Speed & Scalability

Avalanche isn’t just another blockchain—it’s a multi-chain powerhouse engineered for DeFi and enterprise use. Since launching in September 2020, its lightning-fast transactions (under 1 second!) and Ethereum compatibility have made it a developer favorite. Check out their GitHub for active projects or join Reddit’s AVAX community to dive deeper.

“Avalanche supports 4,500+ transactions per second—smoking older networks. Its unique consensus protects against 51% attacks while rewarding AVAX stakers,” explains CryptoCompare.

Getting Your Hands on AVAX

Can’t buy AVAX directly with USD? No sweat. Most investors grab Bitcoin or Ethereum first via exchanges like Coinbase, then swap for AVAX on platforms like Hyperliquid. This strategy is common for next-gen DeFi tokens not yet on mainstream exchanges.

Find Avalanche updates and official docs at their website or follow @avax on Twitter.