Avalanche network’s native asset AVAX has climbed to $42, a 20% increase in the last 24 hours following a significant rise last week. The rise in AVAX’s price enabled it to surpass the market value of the largest memecoin, Dogecoin (DOGE). With this move, Avalanche boosted its weekly gains to an impressive 85% rate.

Avalanche 网络的原生资产 AVAX 继上周大幅上涨后，在过去 24 小时内上涨了 20%，已攀升至 42 美元。 AVAX 价格的上涨使其超过了最大的 memecoin 狗狗币 (DOGE) 的市值。通过这一举措，Avalanche 将其每周涨幅提高到令人印象深刻的 85%。

The Notable Rise of Avalanche DEX

Avalanche DEX 的显着崛起

Data provided by DeFiLlama shows that Avalanche has also gained significant momentum in the decentralized finance (DeFi) sector. It highlights notable developments regarding Trader Joe, the leading decentralized crypto exchange (DEX) built on the Avalanche network. On December 11th, Trader Joe’s fee revenues surged to $1.23 million, reaching the second-highest level of the year, and the platform’s income increased to $145,000, marking a significant milestone. Meanwhile, AVAX’s price saw a noteworthy increase of 20% in the last 24 hours, surpassing the $40 level.

DeFiLlama 提供的数据显示，Avalanche 在去中心化金融（DeFi）领域也获得了显着的发展势头。它强调了 Trader Joe 的显着发展，Trader Joe 是建立在 Avalanche 网络上的领先的去中心化加密货币交易所 (DEX)。 12月11日，Trader Joe的手续费收入飙升至123万美元，达到年度第二高水平，平台收入增至14.5万美元，标志着一个重要的里程碑。与此同时，AVAX 的价格在过去 24 小时内大幅上涨 20%，突破了 40 美元的水平。

This surge has placed AVAX among the top 10 cryptocurrencies by market value, with the price reaching its highest point since May 2022. During the same period, the price of Trader Joe’s native asset, JOE, also increased by over 9%.

此次飙升使 AVAX 跻身市值前 10 名加密货币之列，价格达到 2022 年 5 月以来的最高点。同一时期，Trader Joe 的原生资产 JOE 的价格也上涨了 9% 以上。

The Rising Number of Large AVAX Transactions

大型 AVAX 交易数量不断增加

On-chain data platform IntoTheBlock’s data indicates a significant increase in the number of large AVAX transactions. This data peaked last week with nearly a thousand transactions exceeding $100,000. Although these levels are not yet comparable to the numbers recorded during the previous bull market, they are considered a positive indicator for a rising market.

链上数据平台IntoTheBlock的数据显示，大额AVAX交易数量显着增加。该数据上周达到顶峰，有近千笔交易超过 10 万美元。尽管这些水平尚无法与之前牛市期间记录的数字相媲美，但它们被认为是市场上涨的积极指标。

Moreover, Avalanche has created substantial market interest by strategically incentivizing its validators, leading to a notable increase in market value. As known, the fourth-generation Proof of Stake (PoS) Blockchain announced on December 7th that it allocated over $275 million in AVAX to reward its validators from the previous year. This proactive approach, aimed at rapidly confirming transactions, underscores Avalanche’s commitment to providing a resilient and decentralized network.

此外，Avalanche 通过战略性激励验证者，创造了巨大的市场兴趣，导致市场价值显着增长。众所周知，第四代股权证明（PoS）区块链于 12 月 7 日宣布，它分配了超过 2.75 亿美元的 AVAX 来奖励上一年的验证者。这种旨在快速确认交易的主动方法强调了 Avalanche 对提供弹性和去中心化网络的承诺。

The financial outcomes of Avalanche’s validator incentives have sparked debates and excitement within the AVAX community. Furthermore, as the year draws to a close, various speculations have emerged that AVAX could rise to much higher levels. Technically speaking, the next critical resistance level for the popular altcoin is at $53, which is 25% above the current levels.

Avalanche 验证者激励措施的财务结果在 AVAX 社区内引发了争论和兴奋。此外，随着年末的临近，出现了各种猜测，认为 AVAX 可能会升至更高的水平。从技术上讲，流行山寨币的下一个关键阻力位是 53 美元，比当前水平高出 25%。

继续阅读：https://en.coin-turk.com/the-remarkable-ascent-of-avalanche-avax-surges-beyond-expectations/