![Avalanche’s [AVAX] Q1 performance was not the best; will Q2 be any different?](https://i.headtopics.com/images/2023/5/4/cryptoamb/avalanche-s-avax-q1-performance-was-not-the-best-w-avalanche-s-avax-q1-performance-was-not-the-best-w-1653996125102243840.webp)
Avalanche witnessed declines across several areas in Q1, such as active addresses, NFT sales, and TVL. However, its revenue registered an increase in the last quarter.
In terms of active users, Q1 was not the best for the Avalanche network, as it registered a decline. Avalanche’s daily average active addresses across the C-Chain and subnets declined by 20.7% QoQ.
However, it should be considered that the decline was noted as there was an unusual surge in active addresses in Q4, driven by a rise in NFT minting. If the spike is omitted, then the number of active addresses was stable.A positive development in Q1 was that Avalanche’s revenue increased. To be precise, the network’s revenue denominated inThe increase in revenue was largely due to an 18.
Though these updates were positive, things did not reflect on the ground as Avalanche’s NFT space declined in secondary sales volume by 31.6% QoQ. Additionally, the number of unique NFT buyers also went down by 9.8% in Q1.
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