{"id":560101,"date":"2024-08-03T05:10:08","date_gmt":"2024-08-03T05:10:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=560101"},"modified":"2024-08-03T05:10:08","modified_gmt":"2024-08-03T05:10:08","slug":"trending-cryptocurrency-tokens-on-avalanche-chain-today-lizard-platypus-frax-share","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trending-cryptocurrency-tokens-on-avalanche-chain-today-lizard-platypus-frax-share","title":{"rendered":"Trending Cryptocurrency tokens on Avalanche Chain Today – Lizard, Platypus, Frax Share"},"content":{"rendered":"

While blockchain technology and cryptocurrencies have achieved measurable success in providing solutions to many real-world problems, they struggle with their vision of becoming viable means of value storage. BTC price volatility in recent times has caused many investors to reconsider the long-term sustainability of its value.<\/span><\/p>\n

Hence, investors are exploring other crypto chains for investment opportunities. Chains like the Avalanche network posted 52-week revenue of over $69 million, accompanied by an increase in platform activities. As a result, the <\/span>top trending cryptocurrencies on the AValanche chain<\/a> are witnessing an increasing fund influx.<\/span><\/p>\n

Trending Cryptocurrency tokens on Avalanche Chain<\/b><\/h2>\n

This post highlights the price action and the activities within the network and offers insight into the potential of the chain in the coming month. It also covers the Mega Dice presale offering, and all that investors need to know in order to participate. <\/span><\/p>\n

1. Frax Share (FXS) <\/b><\/h3>\n

The Frax Protocol is shaking things up in the world of stablecoins with its unique fractional-algorithmic design. Unlike traditional stablecoins pegged to a single asset like the US dollar, Frax utilizes a combination of collateral and algorithms to maintain its peg.<\/span><\/p>\n

This innovative approach has garnered significant attention recently, with the FXS token, which fuels the Frax Protocol, experiencing a surge in popularity. Over the past 24 hours, the price of FXS has jumped by an impressive 13.54%, reaching $2.45. This strong performance extends beyond a single day, with FXS up 8.90% over the past week.<\/span><\/p>\n

\"FXS<\/p>\n

This positive price action places FXS among the top performers in the cryptocurrency market. Also, the token has outpaced the broader market, down 5.20%, and other stablecoin ecosystems.<\/span><\/p>\n

Further fueling investor interest is the recent surge in trading volume for FXS. In the last 24 hours, trading volume has skyrocketed by 91.70%. This significant increase suggests growing market activity and potential user adoption for the Frax Protocol.<\/span><\/p>\n

\n

Yields on yields on top of yield bearing assets on Fraxtal Balancer pools. Earn $OP<\/a>, $FXS<\/a>, $FXTL<\/a> points, & more while LPing yield bearing tokens. 👇https:\/\/t.co\/u6pdG5kGbR<\/a> https:\/\/t.co\/ONoT2pV10e<\/a><\/p>\n

— Frax Finance ¤⛓️¤ (@fraxfinance) July 26, 2024<\/a><\/p><\/blockquote>\n