![Avalanche’s [AVAX] fundamentals stay weak despite big-ticket tie ups](https://i.headtopics.com/images/2023/3/4/cryptoamb/avalanche-s-avax-fundamentals-stay-weak-despite-bi-avalanche-s-avax-fundamentals-stay-weak-despite-bi-1632071658415566848.webp)
Most of the top games on Avalanche registered a drop in their unique active users. AVAX tanked 24% over the previous month until press time. Avalanche [AVAX] registered a significant drop in its weekly trading activity throughout the month of February. According to Token Terminal, the weekly average daily active users for the chain fell […]
However, a look at metrics presented a different picture for the chain. Most of the top games on the ecosystem registered a drop in their unique active wallets in the last 30 days, data fromFurthermore, the big-ticket partnerships failed to give a major push to Avalanche’s NFT activity during February. At the time of writing, the total NFT trade volume plummeted 80% over the previous month, as per Santiment.The result of the deal with GREE was met with cheers.
AVAX moved in a range as indicated and faced repeated rejections at the $20 mark. A breakout below the range lows will validate the bearish idea for the coin.Subscribe to get it daily in your inbox.
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