According to Foresight News, data from Coin98 Analytics reveals that by the end of the second quarter, the Total Value Locked (TVL) in Avalanche reached $710 million. In addition, sales of Non-Fungible Tokens (NFTs) exceeded $28.3 million, marking a tenfold increase year-on-year.

The total market value of stablecoins also reached a significant milestone, hitting $1.6 billion. Among these, Tether (USDT) and USD Coin (USDC) saw respective quarter-on-quarter growth rates of 10.1% and 4.4%. These figures indicate a growing interest and investment in the digital currency market, particularly in the areas of DeFi, NFTs, and stablecoins.