Over the past month, the number of active addresses on the Avalanche network fell from 79,740 to 75,000, according to Artemis' data.
it was observed that Avalanche NFT transfers surged. During April, the Avalanche network experienced over 2 million NFT transfers, a figure that was five times greater than the previous month of March.The increased interest in Avalanche NFTs could be attributed to Blue chip AVAX NFT collections.
As a result, the volume and quantity of transactions on the network also increased during this period.However, despite interest in NFTs and high dApp activity, the overall number of daily active addresses on the network declined. Over the past month, the number of active addresses on the network fell from 79,740 to 75,000, according to Artemis’ data. As a result, the number of transactions being made on the Avalanche network also went down.Moreover, there has been a decline in the level of interest in staking on the Avalanche network.
According to Staking Rewards data, the count of stakers on the network decreased by 0.82% in the preceding week. At the time of reporting, the number of stakers on the Avalanche network stood at 84,419.The state of the AVAX token wasn’t too well either. Over the past few weeks, the price of AVAX has experienced a substantial decline. Along with its volume, which decreased from 598 million to 149.23 million.
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