12/08/2022 Avalanche Jumps Nearly 15% Amid Surging NFT Volumes

Popular Ethereum competitor Avalanche has gained double-digits as NFTs on the network gain traction.


Avalanche (AVAX). Image: Shutterstock
Avalanche (AVAX). Image: Shutterstock

Avalanche(AVAX) is leading the gains among the top-20 largest cryptocurrencies by market capitalization.

AVAX, the coin powering the layer-1 blockchain, gained 14.18% and has seen a 23% uptick in trading volume over the past 24 hours.

The coin currently trades at around $29.3, according to data fromCoinMarketCap. Despite its 25% jump over the past seven days, the coin is still down 80.55% from its all-time high of $146.22 in November 2021.

The total value locked (TVL), a metric that shows on-chain DeFi activity, has also gained 1.74% over the past 24 hours, according to data fromDefiLlama. As of today, Avalanche has a TVL of $2.42 billion.

Today’s bullish also action crushed short traders. AVAX short trades worth $1.98 million were liquidated over the past 24 hours, according to data fromCoinglass. Long transactions worth $363.8K were also liquidated over the same period.

Growing NFT Demand on Avalanche

One of the key reasons behind today’s bullish price action appears to be the hefty growth of Avalanche-based NFTs.

Trading volumes have increased by 30.90% over the past 24 hours, according to data fromCryptoSlam. The total number of sales has also increased 12%, rising from 125 to 140 over the same period.

Leading Avalanche NFT collectionNavy Seal Gametrading volume jumped 62.7% over the past 24 hours, suggests data fromCryptoSlam. Other NFT collections, includingAvapepesandPizza Game Chefs,have also posted tremendous gains in trading volume over the same period.

Apart from Avalanche, leading cryptocurrenciesBitcoin(BTC) andEthereum(ETH) have also posted gains over the past 24 hours.

BTC has gained 5% over the past 24 hours and changes hands at around $24,129, according to data fromCoinMarketCap.

ETH is also up 5.3% and trades around $1,772 over the past 24 hours, suggests data fromCoinMarketCap.

Arts

https://decrypt.co/106941/avalanche-jumps-nearly-15-amid-surging-nft-volumes

Interesting NFTs
Who is Satoshi Nakamoto?
"Who is Satoshi Nakamoto?" is dedicated to the mysterious creation of Bitcoin, and acts as the showcase artwork within Javier ArrĂ©s’ exploratory series "Bitcoin, The Origin". "Who is the creator of Bitcoin?" The artist, ArrĂ©s, explores this question, and the feelings of doubt and mystery that accompany it, through his unique artistic language. An unknown, an enigma. It should be remembered that the name Satoshi Nakamoto is a pseudonym of Bitcoin's author or authors and gives us little insight into its true creator. For this Visual Toy, ArrĂ©s uses the signature claw machine, his famous half-operation, to symbolize our collective ignorance and unconfirmed belief: As soon as it has the stuffed animal within its grasp and appears to have solved the puzzle, the animal escapes again, and again. At present, there are three more public and studied possibilities who are either believed to be the creators of the currency or who directly claim the creation of it. It may be all or none of them, yet these three personalities leave us clues which are an important part of this interesting enigma. For this moment, it will remain unknown... In this artwork, ArrĂ©s elevates the claw machine from the apparatus, to an iconic pop art object serving as an important element to the Bitcoin creation narrative. Action is everywhere, with each movement serving an iconographical or metaphorical purpose related directly to cryptocurrency: Various ups and downs, roller coasters, mining points, robot, coins and more speak to a sense of hope, risk, mystery, randomness and possibility of pay out. Hundreds of manically thought out details make this creation one of the artist’s most complex Visual Toys to date. ------- "Bitcoin, The Origin" is a set of two Visual Toys, titled "Who is Satoshi Nakamoto" and "It’s Alive!" which reflect and explore the mystery and enigmas behind the creation of Bitcoin. ArrĂ©s presents these proposals to us in his signature style, full of iconography, fantasy, maniacal animations and a panoply of details (both subtle and overt) which simultaneously fascinate, hypnotize, and narrate this historical milestone through the singular vision of the artist. Through this series, ArrĂ©s freezes a crucial moment of cryptocurrency history, taking a still photo under his vision and turning it into two unique crypto artworks. ---- More info about Javier ArrĂ©s: https://javierarres.com/about.html
Source Code for the WWW
OWNER: Sir Tim Berners-Lee Sir Tim Berners-Lee, b. 1955 Source Code for the WWW 1990-1991 Work includes: Original archive of dated and time-stamped files containing the source code, written between 3 October 1990 and 24 August 1991. These files contain code with approximately 9,555 lines, the contents of which include implementations of the three languages and protocols invented by Sir Tim; HTML (Hypertext Markup Language); HTTP (Hyper Transfer Protocol); and URIs (Uniform Resource Identifiers), as well as the original HTML documents that instructed early web users on how to use the application Animated visualization of the code being written (Video, black & white, silent), lasting 30 minutes 25 seconds A Scalable Vector Graphics (SVG) representation of the full code (A0 841mm wide by 1189 mm high), created by Sir Tim from the original files using Python, with a graphic representation of his physical signature at lower right A letter written in the README.md file (in “markdown” format) by Sir Tim in June of 2021, reflecting upon the code and his process of creating it Non-fungible Token ERC-721 Minted on June 15, 2021, ed. 1/1 Smart Contract Address: 0x86ade256037d80d6d42df8df96d5be21cd25bd8f
Cosmic Chess
Cosmic Chess is a playable artwork that will evolve in time as the game progresses. This piece utilizes a special Layer Changer tool that lets owners move their pieces just like they would a regular chess game! To see the current state of the board you can view the tool here: https://asyncchess.herokuapp.com/1148
â„€
Things are not always as they seem. Living in poverty is like serving a sentence in a prison with invisible bars. The keys are in plain sight, yet impossible to reach. Screen time captivates us with its addictive dopamine triggers, plucking at our attention span until we are no longer aware of the present... What if both worlds collide? Hand-rendered acrylics on bristol board scanned and converted into a digital image.
Wonky Thundergrey!
*hissing noises*! I'm Wonky Thundergrey!. I'm often referred to as the Steve Urkel of the group. I'm often described as voluptuous, and I own it. We can be friends, but keep the ultra purrsonal stuff to yourself, please.