Amid the buzz about Bitcoin returning to it's pre-FTX price levels, another token has been making headlines with its remarkable surge in value: Avalanche (AVAX).
According to Messari data, AVAX has surged nearly 130% in the last 30 days, outperforming other Ethereum rivals like Solana. The token recently surpassed TRON's market cap, placing it in the top 10 tokens, with a 24-hour trading volume of $1.24 billion on Wednesday.
We've previously covered AVAX, during the bull run of 2022, when it's price stood at $66.97. But for the uninitiated, the Avalanche blockchain is a PoS (Proof-of-Stake) Layer 0 network that has emerged as a close rival to Ethereum due to its scalability and low network fees.