Avalanche Sees Performance Reversal Led By Striking Stars Arena Performance
Portfolio Pulse from Khyathi Dalal
Blockchain-based social app Stars Arena has led to a 186% surge in daily transactions on Avalanche’s (CRYPTO: AVAX) C-Chain in the past two days. Stars Arena saw a trading volume exceeding $3.26 million and more than 462,000 transactions. Avalanche's native AVAX token witnessed a surge of more than 8% in the past 24 hours. However, Stars Arena's total value locked is still lower compared to Friend.tech’s.
October 05, 2023 | 9:45 pm
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POSITIVE IMPACT
The surge in Stars Arena activity has led to an increase in daily transactions on Avalanche’s C-Chain and a surge in the value of AVAX token.
The news directly mentions the impact of Stars Arena's activity on Avalanche’s C-Chain and the value of AVAX token. The surge in transactions and the increase in the value of the token indicate a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100