- Hexagon launched a brand new extension to guard Avalanche customers from numerous threats
- Nevertheless, as per metrics, final week was stuffed with troubles for AVAX
The community safety of Avalanche [AVAX] bought a notch higher with a brand new partnership with Hexagate, which was introduced on 12 December. With the brand new extension, Hexagate will assist Avalanche customers defend their Web3 transactions from fraud and numerous threats.
We’re excited to announce that the Hexagate Transaction Evaluation browser extension now helps @avalancheavax. With the extension, Hexagate will assist Avalanche customers to guard their Web3 transactions from fraud and numerous threats.
So how does it work?
1/5 pic.twitter.com/z2c624s8KP
— Hexagate (@hexagate_) December 12, 2022
Learn Avalanche’s [AVAX] Worth Prediction 2023-2024
Earlier than shoppers signal transactions, the browser extension will look at them to search for monetary and cybersecurity considerations, together with phishing, front-end hacking, market manipulation, and many others. The brand new browser extension can be suitable with Core, Metamask, Coinbase Pockets, WalletConnect, and extra.
Listed here are the weekly stats
AVAX Day by day, a preferred Twitter deal with that posts updates concerning the Avalanche ecosystem, just lately printed the community’s weekly stats. The tweet revealed that the transaction quantity of the Avalanche ecosystem on 12 December was about two million transactions per day.
Avalanche Subnet Weekly Stats
Whole Subnets: 39
Whole Blockchains: 30
Whole Validators: 1194
Whole Stake Quantity: 253,05M AVAXOverview🧵👇#AVAX #Avalanche $AVAX pic.twitter.com/8qPFvdY6On
— AVAX Day by day 🔺 (@AVAXDaily) December 12, 2022
Regardless of these developments, AVAX’s value decreased by 5% within the final week. At press time, Avalanche was trading at $12.81 with a market capitalization of over $3.9 billion.
A hard week for Avalanche
Regardless of AVAX’s 5% value plunge, its DeFi house witnessed vital development. DeFiLlama’s data revealed that Avalanche’s complete worth locked (TVL) registered a spike on 12 December, and on the time of writing, the worth was at $2 billion.
Nevertheless, Santiment’s chart shed some mild on what might need gone fallacious over the last week. Regardless of new partnerships and integrations, Avalanche’s improvement exercise went down sharply. This was a detrimental sign.
AVAX’s Binance funding fee was additionally comparatively decrease, reflecting much less curiosity from the derivatives market. Not solely that, however AVAX’s social mentions additionally took a blow final week and went down by 42%, reflecting much less reputation for the community.
Supply: Santiment
Avalanche’s NFT house additionally didn’t boast of promising development, as after spiking on 6 December, the community’s complete NFT commerce rely went down. This was true for the NFT commerce quantity in USD as effectively, suggesting that AVAX’s NFT house gained little traction over the previous week.
Supply: Santiment
