Avalanche (AVAX) has shown positive dynamics in recent days, reflecting increased social attention and market activity in derivatives.
Current Avalanche (AVAX) Metrics
As of the publication, Avalanche (AVAX) is priced at $24.00 USD, reflecting a 5.01% increase over the last 24 hours. AVAX holds a market capitalization of $10.13 billion, ranking it 17th globally. The 24-hour trading volume stands at $1.15 billion, marking a sharp increase of 52.3%. The circulating supply is 422.27 million AVAX, with a total supply of 457.27 million and a maximum cap of 715.74 million AVAX.
Derivatives Markets and Trader Positions
Derivatives data shows that long positions dominate at 75.98% of the total, with a long/short ratio of 3.16. Liquidation levels indicate that short liquidations have exceeded long by $2.2 million, suggesting a stable market environment. Positive funding rates for AVAX perpetual contracts might indicate potential upward price movements.
Recent Avalanche Updates
Tencent Cloud has integrated Avalanche subnets for game hosting, increasing AVAX utility in the APAC market. A tokenized credit marketplace has launched on Avalanche, bringing $40 million in real-world assets on-chain. Circle has also confirmed USDC integration on Avalanche for institutional custody products, facilitating settlements. The Avalanche Foundation has increased the validator incentive pool by 15% to enhance decentralization.
Changes in Avalanche (AVAX) indicate potential continued growth in social mentions and derivatives markets, which may impact future price movements.
