The price of AVAX has surged more than 8% amid heightened network activity brought about by Friend.tech look-alike Stars Arena.
The price of AVAX, the native cryptocurrency of the Avalanche blockchain, has experienced a significant surge of over 8% recently. This surge can be attributed to the increased network activity caused by a platform called Stars Arena, which bears a resemblance to the popular Friend.tech.
1. AVAX price surge: The price of AVAX has seen a notable increase of more than 8%. This surge indicates a growing interest in the cryptocurrency and its underlying blockchain technology.
2. Heightened network activity: The surge in AVAX price can be attributed to the increased network activity on the Avalanche blockchain. This heightened activity is primarily driven by the emergence of Stars Arena, a platform similar to Friend.tech.
3. Stars Arena and Friend.tech: Stars Arena is a platform that shares similarities with Friend.tech, a well-known decentralized finance (DeFi) platform. The resemblance between the two platforms has attracted attention and interest from users, leading to increased network activity on Avalanche.
In summary, the price of AVAX has experienced a significant surge of over 8% due to heightened network activity caused by the emergence of Stars Arena, a platform resembling Friend.tech. This surge reflects growing interest in AVAX and the Avalanche blockchain.