A new ‘ATH’ for Avalanche and the effect that has on AVAX’s performance is…

ambcrypto.com:

Platypus, a leading stableswap on Avalanche, is going to introduce the ecosystem’s first voting gauges. This will allow vePTP token owners to vote on where emissions will be directed, while also collecting additional rewards. In fact, Avalanche claims that,

“In our current DeFi landscape, where yield drives TVL & liquidity, this voting power is very valuable, and tokens are willing to pay you for it.”

Here, it’s worth noting that Platypus’s voting design offers dynamic emissions without any cooldown between votes.

Avalanche itself has been building recently with more than 2 million transactions yesterday. This is a new all-time high for Avalanche, with figures for the same hiking by 4x within a matter of just two months. Furthermore, there are many who believe that Avalanche may hit new highs very soon.

Luigi DeMeo, Head of DeFi at Ava Labs, for instance, claimed that subnets are contributing in a big way and are just “getting started.”

Source: Luigi DeMeo/ Twitter

Avalanche-based NFTs have seen consistent growth hard to come by of late, with NFT markets’ figures sliding down the charts over the past week. Consider this – In the last seven days, Avalanche accumulated over $168,419 in NFT sales, seeing a 20% fall from the previous week.

The most prominent NFT over the week was the Conscious Lines collection which accumulated over 115K in volume. It was followed by Crabada NFTs that collected over $50K in volume.

Avaxholic also shared an update on the most trending projects on Avalanche in August. As per the post, ImperiumEmpires and Trader Joe remain at the top of the list, followed by Kalao and SparkWorld.

Shout out to all top projects of