One of the directors at Coinbase and the former director of Bridgewater, Conor (@jconorgrogan), tweeted yesterday that more than 70% of the total value ever transferred on Avalanche (AVAX) has involved just two addresses. The tweet added that these addresses have the names “Yield Yak” and “Benqi Finance”.
Conor’s tweet went on to add that $7.8 trillion was transferred over 1.2 million transactions within these contracts mainly over the past 4 months. The post concluded by saying that approximately $10.8 trillion has been transferred in AVAX’s entire existence.
At press time, AVAX is ranked number 16 on CoinMarketCap’s list of the biggest crypto project’s in terms of market cap, with its market cap estimated to be $5,781,770,742.
The altcoin’s price dropped 0.26% over the last 24 hours, which has chipped away at AVAX’s positive weekly price performance. As a re…
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