Avalanche’s NFT growth trajectory had been erratic in the last few days. AVAX increased by over 16% over the last week, faced key resistance level at press time. On 21 February, Avalanche [AVAX] announced its partnership with the Indian game streaming platform Loco, to launch an NFT marketplace for Esports fans. Titled Loco Legends, the […]
GameFi has become one of the fastest growing industry verticals in the cryptocurrency sector. With the latest deal, Avalanche added one more high-profile project to its expanding GameFi ecosystem.Avalanche saw sustained growth in its NFT ecosystem of late. As per the, Crabada, one of the most sought-after NFT gaming marketplaces, recorded sales of over 2400 in the last seven days.
The result of the latest deal with Loco reflected instantly on its key NFT metrics. As per data from Santiment, the NFT trade volume more than tripled while the total number of NFT transactions rose as well.It was pertinent to note that the NFT growth trajectory for Avalanche had been erratic in the last few days. As pointed out in the graph, there were days when the volume saw a sharp uptick, possibly reacting to a major launch or partnership.
The last seven-day reading of the two metrics from Token Terminal presented a very similar growth trajectory to what was seen in the case of NFTs.
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