blockchain’s performance in terms of captured value dropped during Q1. However, upon checking the larger picture, a different story was revealed. Let’s have a closer look at AVAX’s state in Q1 to better understand its overall performance.mentioning Avalanche’s Q1 stats. As per the tweet, the blockchain’s fees and revenue both touched $7.5 million, which was an 86% drop compared to the previous quarter.
Despite the rise in active addresses, Avalanche’s daily transactions declined by nearly 35% during the last quarter. The trend continued in Q2, as after a rise on the 9th of April, both AVAX’s active addresses and transactions dropped.The quarterly report also mentioned stats related to the token’s price action. During Q1, AVAX’s circulating market capitalization surged by nearly 100%, allowing it to exceed $15 billion.
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Source: CryptoAmb - 🏆 22. / 68 Read more »