AVAX (Avalanche) rose 1.87% in 24 hours.

Gate News Bot reports that on November 13, according to CoinMarketCap, as of the time of writing, AVAX (Avalanche) is currently priced at $17.60, having risen 1.87% in the past 24 hours, with a high of $18.54 and a low of $15.67. The 24-hour volume reached $474 million. The current market capitalization is approximately $7.547 billion, an increase of $138 million from yesterday. AVAX is currently ranked 20th in the global Crypto Assets market capitalization rankings.

Important news about AVAX recently:

1️⃣ NongHyup Bank of Korea Chooses Avalanche to Test Cross-Border Tax Refund System One of South Korea's five major banks, NH Nonghyup Bank, announced the launch of a proof of concept (PoC) for value-added tax (VAT) refunds based on stablecoins on the Avalanche blockchain. The project is in collaboration with Avalanche, Fireblocks, Mastercard, and Worldpay, aiming to automate the refund process through smart contracts and utilize stablecoins for instant settlement and currency exchange. This initiative is expected to enhance the application value of Avalanche in the fintech sector, bringing new use cases for AVAX.

2️⃣ INTAIN and FIS team up to launch a tokenized lending market on Avalanche The fintech company INTAIN has partnered with financial services giant FIS to launch a tokenized loan market platform on the Avalanche blockchain network. This platform specifically serves small banking institutions, leveraging blockchain technology to digitize loan assets and enhance liquidity. This collaboration will introduce traditional financial services to the Avalanche ecosystem, potentially increasing the practical applications and demand for AVAX.

3️⃣ Filecoin and Avalanche plan to build a cross-chain data bridge Filecoin announced a partnership with Avalanche, planning to build a native cross-chain data bridge between Avalanche C-Chain through the Filecoin virtual machine, to achieve a modular cross-chain infrastructure. This collaboration will enhance Avalanche's cross-chain capabilities, improve its competitiveness in the field of decentralized storage and data transmission, and may bring more ecosystem growth opportunities for AVAX.

These strategic collaborations and technological innovations demonstrate Avalanche's ongoing development in areas such as financial technology, traditional banking, and cross-chain technology, which may be important factors driving the recent rise in AVAX prices. However, due to the high volatility of the Crypto Assets market, investors should still cautiously assess the risks.

This message does not constitute investment advice; investors should be aware of market volatility risks.