Not only the price and trading volume of Avalanche are rising this week. The total locked-in value (TVL) has also risen sharply. So all good news.
Growing demand for NFTs on Avalanche
One of the main reasons behind the good price performance this week appears to be the strong growth of Avalanche-based NFTs. According to data from CryptoSlam, trading volumes have increased by more than 30 percent in the past week. The total number of sales has also increased by 12%.
Especially the NFT projects called ‘Navy Seal Game’, ‘Avepepes’ and ‘Pizza Game Chefs’ have seen their volume skyrocket.
