The number of users on the Avalanche network declined. Stakers showed interest in the network, as the development activity increased. According to a 20 February tweet by Artemis, the overall number of protocols on the Avalanche [AVAX] network increased. However, this spike in the number of protocols on the network did not have the desired […]
Despite the growing number of protocols on the Avalanche network, the overall number of users on the network declined, which, in turn, impacted the revenue generated. According to Token Terminal, it was observed that the revenue collected by Avalanche declined by 18.2% over the last three months.
Another indicator of a decline in interest in Avalanche was the decreasing interest in Avalanche’s NFTs. According to data provided by AVAX NFT STATS, a lot of blue-chip NFTs volume declined over the past month. The decline in NFT interest could also impact the overall ecosystem of Avalanche negatively.However, despite these developments, the number of stakers on the Avalanche network grew. According to Staking Rewards’ data, the number of stakers on the Avalanche network increased by 30.
These negative factors could be offset by Avalanche’s increasing development activity. which surged over the last few weeks. A high development activity suggested that possible updates might be on their way to their network, which could attract new users.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Assessing Avalanche’s weekly highlights and what to expect from AVAXAvalanche’s TVL increased and so did market dominance and active addresses. Demand from the derivatives market remained stable and indicators were bullish. AVAX Daily recently posted weekly highlights of the Avalanche ecosystem, revealing AVAX’s performance on several fronts during the last seven days. As per the data, Avalanche had a comfortable week with growth in […]
Read more »
Mikko Rantanen’s goal late in OT lifts Avalanche past Oilers 6-5Oilers blow two-goal lead in third to fall to Colorado in OT
Read more »
Volunteer’s death spurs warnings that B.C.’s avalanche conditions are ‘unforgiving’ - Terrace StandardVolunteer’s death spurs warnings that B.C.’s avalanche conditions are ‘unforgiving’
Read more »
Volunteer's death spurs warnings that B.C.'s avalanche conditions are 'unforgiving'Rick White, the chief of the Central Cariboo Search and Rescue team in Williams Lake, announced Thursday that one of the people killed in a slide on Potato…
Read more »