Avalanche Meme Coin Trenches Heat Up as AVAX Lambo Token Touches $25 Million

Meme Coin Trading on the Avalanche Blockchain is warmed up with several runners of several millions of dollars launched on Socialfi App The Arena. In fact, the native token of the platform, ARENA127% rose to $ 58.7 million in the weekend.

The biggest winner is LamboA meme coin was made just on Saturday that has risen to a market capitalization of $ 25.24 million. That is almost half of the market capitalization of the platform on which it was launched. But since then it has withdrawn 25.3% to $ 18.84 million.

Other remarkable runners include Magical internet moneyWho reached a peak on a market capitalization of $ 5.4 million on Friday and has since fallen by 73% to $ 1.4 million. As well as Bridge Bro bridgeThat pleasure in the traders that encourage others to exchange their tokens – or to bridge – to exchange avalanche. The token hit $ 2.4 million on Monday before he dropped 35% to $ 1.5 million.

The Arena is a socialfi app with which users can earn their content through a tip system. Last month, the platform rolled A token launchpad and Dex, shortly before decentralized exchange, which recently exploded in volume.

In the last 24 hours, according to DefillamaThe Arena Dex has processed $ 17.7 million in volume – an increase of 645% compared to the day after the DEX was launched. This has raised it to the Third largest decentralized exchange Uniswap surpassed the process about Avalanche.

The Token Launchpad created more coins on Saturday and Sunday than on another day, exclusively a single day peak shortly after the launch, according to Block facts. That said, the number of tokens launched on the Arena on Saturday and Sunday was 2,362 and 2,356 respectively. For comparison, the leading Solana Launchpad Pump.Fun has made 23,456 according to the past 24 hours, according to Dune facts.

But traders believe that it is easier to choose a winner on Avalanche – possible as a result of less saturation.

“I am 100% serious when I tell you that there is a chance of 0% that I get so much on Solana,” Jesus Martinez, Avalanche Trader and ambassador, wrote on xUsed to be Twitter. “It probably won’t take forever, but it feels nice.”

“Another Arena launched Munt that became vertical,” Pseudonymous Crypto -Influencer Korean Jew too Posted on XReferring to Lambo’s recent increase. “No problem, always happens.”

While the avalanche platform exploded in growth, the CEO of the Arena Jason Desimone reminded users that the app will eventually get its own L1. This is due to the ability of Avalanche to make L1S, formerly Subnets, for projects to scale, while L1S can still communicate with each other.

Avalanche Shooter from the grid is one of the most radiant examples of this in action, with its special L1 in the Gunz network that drives its growing in-game skin economy.

“A part of a flourishing ecosystem is not only launching tokens, but builders Bouwtools and Dapps on top of this Socialfi L1,” Desimone said on x. “We have seen more tools and [decentralized apps] are built for Arena in the past 2 weeks than the previous 1.5 years. You are still early in this. The path ahead is clear. “

Published by Stacy Elliott.