AVAX, the native token of Avalanche, surged 13% in the last 24 hours, making it the top gainer among the top 100 cryptocurrencies. Trading at around $32.2, its daily volume tripled to $829 million.
Launched in 2020 by Emin Gun Sirer and team, Avalanche is a Layer-1 blockchain supporting smart contracts and rivaling Ethereum. The price spike followed ChronosWorlds’ announcement on July 19, choosing Avalanche for its RPG game.
This partnership highlights the increasing use of stable blockchains in gaming. Fableborne’s event on the same day drew 77,000 participants, showing strong user interest. Whale investors have also impacted AVAX’s price, with some shorting near recent lows.
AVAX’s rise fits a broader market trend, with Bitcoin up 7% and the total market value at $2.44 trillion. This growth underscores Avalanche’s potential in gaming and blockchain technology.
