Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

Avalanche

Avalanche gains momentum as monthly transactions surge 326% but this chart signals a cold front
Crypto Trends

Avalanche gains momentum but this chart signals a cold front

by admin June 8, 2025



Avalanche price rose for two consecutive days as investors bought the recent dip, and weekly transactions jumped.

Avalanche (AVAX) token rose to $20.65 on Saturday, June 7, up by 12% from its lowest point this week. 

Third-party data shows that Avalanche’s network is doing well as it became the fastest-growing one in the industry this week. According to Nansen, Avalanche handled over 5.2 million transactions in the last seven days, a 112% increase from a week earlier. 

This increase happened as the number of active addresses jumped by 23% to 283,163. Avalanche’s fees jumped by 193% to almost $200,000. 

The same performance has happened in the last 30 days as the transaction count jumped by 326% and active addresses jumped by 312% to 2.05 million.

Avalanche chain growth | Source: Nansen

Another piece of data shows that Avalanche’s stablecoin network has started to rebound. It has over $2.1 billion in stablecoin market cap, the highest it has been since Feb. 19. This is up from $1.46 billion on January 20. 

Decentralized exchange protocols on Avalanche are also seeing high volume recently. It handled over $131 million in volume in the last 24 hours, the third day of gains. 

Avalanche scores with FIFA NFT deal, technicals show…

Avalanche gained traction after the Fédération Internationale de Football Association, or FIFA, said that it would tap its network to power its NFT sales.

This is a big deal for Avalanche because of FIFA’s scale and the plunge in its chain’s NFT sales in the past few years. These sales stood at just $103,000 in the last seven days.

AVAX price chart | Source: crypto.news

The three-day chart shows that the AVAX price formed a double-top pattern at $55.20 and then crashed. A double-top is one of the most bearish patterns in technical analysis.

It is hovering above the upper side of the neckline at $17.5, its lowest point in August last year. AVAX has also formed a bearish flag pattern, consisting of a vertical line and a rising channel. 

Avalanche price also remains below the 50-week and 200-week Weighted Moving Averages. Therefore, the most likely scenario is where Avalanche price has a bearish breakdown despite its strong ecosystem metrics. If this happens, the next target price will be $15, down by 27% from the current level. 



Source link

June 8, 2025 0 comments
0 FacebookTwitterPinterestEmail
NFT sales drop to $129.8m, Avalanche sales surge 200%
NFT Gaming

NFT sales drop to $129.8m, Avalanche sales surge 200%

by admin May 25, 2025



Despite the overall crypto market reaching new heights, the NFT market has experienced a slight drop with sales volume dropping by 0.05% to $129.8 million.

Bitcoin (BTC) has surged to the $108,000 level after hitting $111,000, a new ATH. At the same time, Ethereum (ETH) has shown a mild recovery to the $2,700 level in the last seven days and has now dropped to the $2,500 level. The global crypto market cap is now $3.42 trillion, up from last week’s $3.29 trillion.

According to data from CryptoSlam, market participation has increased. NFT buyers grew by 61.18% to 443,548, and NFT sellers rose by 31.87% to 199,129. NFT transactions have also risen by 15.39% to 1,697,343.

Ethereum leads with $29.6m in NFT sales

Ethereum maintains its dominant position with $29.6 million in sales. However, it has seen a 26.22% decline from the previous week and wash trading has decreased by 57.18% to $2 million.

Avalanche (AVAX) has made a dramatic entrance into second place with $22.3 million in sales and has seen a surge of 202.92%.

Source: Blockchains by NFT Sales Volume (CryptoSlam)

Polygon (POL) holds the third position with $21.3 million and has shown solid growth of 45.98%. Bitcoin has dropped to fourth place with $18.2 million. It has fallen 21.85% from last week.

Mythos Chain rounds out the top five with $13.9 million. Immutable (IMX) appears in sixth with $8.6 million, while Solana (SOL) sits in seventh with $6.4 million, with a 26.36% drop.

The buyer count has increased across most blockchains, with Avalanche leading at 79.08% growth. This is followed by Bitcoin at 72.98% and Solana at 71.09%.

A major change has happened in collection rankings, with XSY Deposit on Avalanche taking the top spot at $22.1 million in sales. However, this collection appears to be dominated by a single buyer and seller.

Courtyard on Polygon has moved to second place with $14.4 million and has rebounded with 23.23% growth. DMarket remains in third with $8.8 million, up 7.07%.

Bitcoin’s BRC-20 NFTs have fallen to fourth place with $6 million, dropping 15.78%. Guild of Guardians Heroes holds fifth with $5.9 million.

CryptoPunks has dropped to sixth place with $4.8 million in sales, with a 30.94% decline. The collection has seen decreases across all metrics including transactions (42.31%), buyers (37.84%), and sellers (45.24%).

Read last week’s NFT performance from here. Notable high-value sales from this week include:

  • CryptoPunks #3609 sold for 440 ETH ($1,089,338)
  • CryptoPunks #2537 sold for 80 ETH ($197,242)
  • CryptoPunks #2542 sold for 59 ETH ($155,440)
  • CryptoPunks #6479 sold for 58.4 ETH ($149,478)
  • CryptoPunks #7161 sold for 53.69 ETH ($142,816)



Source link

May 25, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
GameFi Guides

‘Off the Grid’ NFT Sales Heating Up as Avalanche Game Plots Expansion to Steam

by admin May 23, 2025



In brief

  • Off the Grid is migrating players onto mainnet, enabling items to be traded as NFTs. Some are selling for thousands of dollars.
  • The game will expand to Steam in June, despite the platform’s 2021 blockchain game ban, raising questions about crypto feature implementation.
  • Some collectors are holding onto rare items, anticipating sizable demand after promised updates.

Avalanche shooter Off the Grid has slowly started to shift its player base onto the GUNZ mainnet, where they can trade in-game items for GUN tokens. Even with approximately 0.13% of its player base now able to trade items, the marketplace is heating up, with some items going for thousands of dollars’ worth of crypto.

This all comes as the hit battle royale shooter plots its June expansion to PC platform Steam—a marketplace that banned blockchain games from the platform in 2021. That said, Off the Grid is also on PlayStation and Xbox, despite those platforms also apparently not allowing crypto features in games.

Up until this point, all console Off the Grid gamers have been playing the game solely on testnet, meaning that a test blockchain was running behind the scenes but that player-facing features were missing. As a result, they can’t trade their items on the marketplace for GUN tokens, potentially cashing out thousands of dollars for rare guns and more.

Theodore Agranat, director of Web3 at Off the Grid creator Gunzilla Games, told Decrypt this week that the migration to mainnet has first started for only PC players, but eventually all wallets will be on mainnet. How exactly this will work with crypto features has yet to be revealed, given that they’re prohibited by Steam and still M.I.A. in PlayStation and Xbox games.

Eagle-eyed players have spotted that the official Steam listing for Off the Grid claims the game will have an in-game marketplace, possibly referencing functional crypto features.

At the time of writing, there are just shy of 16.5 million wallets on the GUNZ testnet, a dedicated Avalanche L1 network created to support Off the Grid and potential future games. Meanwhile, there are just 21,000 players on the mainnet—approximately 0.13% of its player base.

Its no surprise that @playoffthegrid is the first game with blockchain components on consoles.

That it would be the FIRST game with blockchain components on STEAM.

Gunzilla moves different.

This will be studied for generations. pic.twitter.com/Iit6kCscDv

— meatport (@meatportmusic) May 21, 2025

Even with such a small amount of players being able to transact on mainnet, already there have been some sizable trades. A Prankster tactical vest sold for $2,393 last week, a ZipperMouth mask was shifted for approximately $1,100, and a Convict chest rig traded hands for more than $500. 

These items are super rare, with the community believing that less than 300 ZipperMouth masks were ever minted, but Gunzilla “reserves the right” to reissue both ZipperMouths and Convict gear—Agranat explicitly told Decrypt that Convict gear will “absolutely” be released in the future. 

As such, skin collectors now see the Pioneer items—which were handed out in the first OTG Pro subscription and will not be re-released—as likely the most rare set in the game. Avid skin collector MoneyMagician reported that this has led to a lack of Pioneer items being listed on the marketplace. 

🚨 Notable OTG Mainnet Sales (Past 24HRS):

🧥 Prankster Vest – $2,393 🔥🔥

🧥 Player Zero Vest – $439

🚀 2x Player Zero Jetpacks – $273 & $301 pic.twitter.com/IZJEHai2bC

— meatport (@meatportmusic) May 18, 2025

This has also been the case for the Kestrel Legacy, a gun that had modified stats in the closed play test but were discontinued, and now is effectively an ultra-limited skin of the stock gun. There are other Legacy weapons, as well as Retro weapons, however the Kestrel Legacy is the most hyped due to its importance to the game’s lore.

MoneyMagician explained that players expect an update is coming for these weapons, which would include a reskin and a deepening of the lore behind the items. This update is what the skin collector anticipates will kick-start the first batch of five-figure NFT sales. For this reason, he said most collectors plan to hold onto their rarest items for now, expecting demand to explode.

“I think when we see sales of five figures, the FOMO will kick in hard, triggering a flywheel,” MoneyMagician told Decrypt. “[The update] would cause new waves of hype and attention onto them, and surely their price will rise along with market volume.”

Agranat declined to offer any additional information on the progression of this update, adding that the mainnet rollout is Gunzilla’s main priority for now.

For now, Prankster items are the most sought-after items despite being marginally less rare than the Pioneer set; Prankster was released in the second battle pass in the closed play test, while the Pioneer was the first one. MoneyMagician believes this is because, well, the Prankster set simply looks cooler.

Over the past 24 hours alone, according to OTG DegenRadar, two Prankster Woodpecker guns have sold for approximately $600 and $570 as well as a pair of Prankster shades for $467. On Tuesday, a Prankster Mask sold for $1,008. But none of those sales compare to the Prankster tactical vest, which commanded a whopping $2,393 last week.

“Rarity isn’t always what sticks, but [rather] what the community feels the most compelled with,” MoneyMagician explained. “The Pioneer set is green, a very showy color, making it hard to splash on just some shorts or a vest to make it look good. But the Prankster, it looks amazing. Gives this Joker vs Batman rivalry feel.”

Edited by Andrew Hayward

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.





Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
FIFA taps Avalanche to launch dedicated blockchain for NFT platform
NFT Gaming

FIFA taps Avalanche to launch dedicated blockchain for NFT platform

by admin May 23, 2025



The Federation Internationale de Football Association (FIFA) has selected Avalanche to power its dedicated blockchain network for non-fungible tokens and digital fan engagement, the organization announced on May 22.

FIFA’s layer-1 (L1) blockchain will be powered by the Avalanche network’s scalability-focused infrastructure for the association’s five billion fans worldwide.

The move comes nearly a month after FIFA announced its initial plans to launch a new network for its blockchain-based collectibles. AvaCloud’s Ethereum Virtual Machine (EVM) compatibility will enable smoother integration with decentralized wallets and applications.

Related: Bitcoin hits new all-time high of $109K as trade war tensions ease

The move will enable FIFA to deliver “unique digital collectibles and immersive fan experiences, powered by the speed, scalability, and EVM compatibility,” according to Francesco Abbate, CEO of Modex and FIFA Collect.

“The decision was based on a rigorous analysis of key factors including performance, security, transaction fees, customizability, and scalability,” Abbate stated in a May 22 announcement shared with Cointelegraph.

Related: Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028

FIFA Collect begins migration to Avalanche

As part of the rollout, FIFA will migrate its NFT marketplace and NFT collection, FIFA Collect, to the new Avalanche-powered FIFA Blockchain.

FIFA added that “future plans and business cases are planned but not yet publicly disclosed.”

Following the migration, external Algorand-based wallets such as Pera and Defly will no longer be supported. Instead, users will be able to connect to FIFA Collect via MetaMask or other EVM wallets that support WalletConnect.

FIFA launched its NFT collection ahead of the 2023 Club World Cup in Saudi Arabia in collaboration with blockchain firm Modex.

Source: EntertheMythos

In November 2024, FIFA partnered with blockchain gaming studio Mythical Games to launch FIFA Rivals, a free-to-play soccer game for iOS and Android.

Magazine: Bitcoin $100K hopes on ice, SBF’s mysterious prison move: Hodler’s Digest, April 20 – 26



Source link

May 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Decrypt logo
Crypto Trends

FIFA Kicks Off Avalanche L1 to Power Soccer NFT Collectibles Platform

by admin May 22, 2025



In brief

  • FIFA is migrating its FIFA Collect digital collectibles platform from Algorand to its own dedicated blockchain built on Avalanche.
  • FIFA Collect offers NFT-based digital collectibles based on key players and moments from international soccer competition.
  • Avalanche enables developers to launch their own dedicated, customizable L1 or layer-1 chains.

FIFA, the governing body of international soccer, is planning to migrate its FIFA Collect NFT collectibles platform to its own Avalanche Layer-1 blockchain.

FIFA Collect, which allows users to purchase and trade NFT-based soccer highlights, was previously launched on Algorand and also issued some collectibles on the Ethereum scaling network Polygon.

In April, the platform said it would leave Algorand and migrate assets to a new FIFA-centric blockchain, which is now confirmed to be powered by Avalanche.

“This move enhances our ability to deliver unique digital collectibles and immersive fan experiences, powered by the speed, scalability, and EVM compatibility. That means seamless integration with popular wallets, easier access, and a future-proof foundation for growth,” Francesco Abbate, CEO of Modex and FIFA Collect, said in a statement. 

“We’re proud to help lay the groundwork for a new era of digital football, and this technology aligned best with the long-term vision and the technical requirements needed to support the continued growth of our digital ecosystem.” 

The decision to migrate from Algorand was made by analyzing factors like performance, scalability, and customizability, according to Abbate. 

“FIFA is a world-renowned brand and league. Avalanche gives it the infrastructure and scale to leverage their global audience, fan base, and business ambitions on their terms and to expand with assets, applications, and use cases as they grow,” Ava Labs Chief Business Officer John Nahas told Decrypt. 

Now with FIFA’s digital soccer collectibles platform migrating to its own chain, Nahas said the industry should consider it a step towards broader adoption of blockchain. 

“I’m excited, I’m sure the Avalanche community will be thrilled, and the broader industry should see the largest sports league in the world expanding on-chain, with their own chain, as a step towards real world adoption of this technology that can bring about new assets, applications, and use cases,” Nahas added.  

The migration of FIFA Collect is the first of FIFA’s plans for its new blockchain, but future business cases are planned, according to a statement, though no further details were shared.

Edited by Sebastian Sinclair and Andrew Hayward

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

May 22, 2025 0 comments
0 FacebookTwitterPinterestEmail
VanEck’s new fund targets real-world utility in Avalanche ecosystem
GameFi Guides

VanEck’s new fund targets real-world utility in Avalanche ecosystem

by admin May 21, 2025



Asset manager VanEck is launching a long-term digital assets fund focused on Avalanche to back real businesses over hype-driven tokens.

VanEck said Tuesday it will launch the PurposeBuilt Fund in June to invest in tokenized businesses building on Avalanche (AVAX) and focused on long-term value and utility.

In a press release shared with crypto.news, the New York-headquartered asset manager said the fund will back liquid tokens and venture-backed crypto projects in sectors such as gaming, payments, AI, and financial services — primarily around or after a token generation event. The fund will also deploy idle capital on-chain through Avalanche-native real-world asset products, such as tokenized money market funds.

Pranav Kanade, portfolio manager of the VanEck Digital Assets Alpha Fund, said the fund won’t chase hype or short-term trends, as the next wave of value in “crypto will come from real businesses, not more infrastructure.”

“Avalanche has become a magnet for thoughtful builders, and with the VanEck PurposeBuilt Fund, we’re bringing capital and conviction to the founders creating lasting value, not chasing momentum.”

Pranav Kanade

The new vehicle will be managed by the team behind the VanEck Digital Assets Alpha Fund, which has over $100 million in assets under management and launched in 2022.

The announcement comes amid growing institutional interest in Avalanche, with Grayscale recently filing to convert its Avalanche Trust, launched in August 2024, into a spot exchange-traded fund. In late March, the firm submitted a 19b-4 filing to Nasdaq to list the fund and offer regulated exposure to AVAX, though it still requires SEC approval.



Source link

May 21, 2025 0 comments
0 FacebookTwitterPinterestEmail
Avalanche and Helix commit $100M to fund blockchain ecosystem Fusion
Crypto Trends

Avalanche and Helix commit $100M to fund blockchain ecosystem Fusion

by admin May 20, 2025



Avalanche, Helix and Faculty Group have launched Fusion, a new blockchain ecosystem aimed at driving real-world adoption through modular infrastructure tailored to specific industries.

Built on Avalanche, Fusion features a two-layer architecture that includes composers, customizable layer-1 networks and modules, which offer plug-and-play services like compute, identity and data oracles. 

The team said this approach would be the answer for mainstream adoption, as they attempt to deliver “outcome-driven, domain-specific” blockchain-based economies. 

“In order to achieve widespread adoption, our industry needs to shift from selling blockspace to delivering business value,” a Fusion spokesperson told Cointelegraph. They added that Fusion integrates economic alignment, network design and composability to achieve real-world outcomes.  

Fusion expects traction in composer and module development

The Fusion team expects composers and modules — the two building blocks for the protocol — to gain traction in the next two to three years. 

The spokesperson told Cointelegraph that they are starting with five composers and nearly 100 modules in the first year. The team expects this to more than double over the next two to three years.

“Because of how the ecosystem is designed, in two to three years we expect that the Fusion ecosystem will consist of tens of composers and hundreds of modules,” the spokesperson said.

Fusion’s architecture is designed to let enterprises and Web3 builders combine technology, financial tools, and identity features in ways that were previously unavailable, the spokesperson added.

“Fusion is an initiative led and funded by the Avalanche community that is only technologically possible on Avalanche,” the spokesperson said, claiming that the initiative strengthens Avalanche’s position as a blockchain that delivers real-world business value. 

Related: Indonesia’s DigiAsia shares pop 90% on plan to raise $100M to buy Bitcoin

$100 million fund to come from existing Avalanche programs

The project is funded by resources allocated in existing Avalanche programs. According to Fusion’s announcement, the funds will come from Avalanche’s Multiverse, an incentive program to accelerate the adoption of Avalanche subnets, and Retro9000, a grant program that rewards developers who build infrastructure and tools.

Fusion also uses funds from InfraBUIDL and InfraBUIDL AI, programs designed to fund Avalanche-based projects. 

“The funds will be distributed to support the medium-term growth of the Fusion ecosystem, including composers, modules and end-users,” the spokesperson told Cointelegraph.

Magazine: Father-son team lists Africa’s XRP Healthcare on Canadian stock exchange



Source link

May 20, 2025 0 comments
0 FacebookTwitterPinterestEmail
  • 1
  • 2

Categories

  • Crypto Trends (912)
  • Esports (691)
  • Game Reviews (641)
  • Game Updates (807)
  • GameFi Guides (906)
  • Gaming Gear (871)
  • NFT Gaming (888)
  • Product Reviews (861)
  • Uncategorized (1)

Recent Posts

  • Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice
  • All Jurassic World 4K Steelbooks And Box Sets You Can Buy Now
  • Nothing Beats Our Editors’ Favorite Office Chair, and It’s on Sale Now
  • Scaramucci Compares Crypto to Uber
  • Sonic Labs Proposes Token Issuance to Enter U.S. TradFi Markets

Recent Posts

  • Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice

    August 21, 2025
  • All Jurassic World 4K Steelbooks And Box Sets You Can Buy Now

    August 21, 2025
  • Nothing Beats Our Editors’ Favorite Office Chair, and It’s on Sale Now

    August 21, 2025
  • Scaramucci Compares Crypto to Uber

    August 21, 2025
  • Sonic Labs Proposes Token Issuance to Enter U.S. TradFi Markets

    August 21, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Will Bitcoin Beat Every Asset Class? Bitwise Says Institutions Are Taking Notice

    August 21, 2025
  • All Jurassic World 4K Steelbooks And Box Sets You Can Buy Now

    August 21, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close