![Avalanche’s [AVAX] key metrics can decline further- Here’s why](https://i.headtopics.com/images/2023/3/5/cryptoamb/avalanche-s-avax-key-metrics-can-decline-further-h-avalanche-s-avax-key-metrics-can-decline-further-h-1632403848043036673.webp)
Avalanche’s TVL and market capitalization declined over the last week. A few metrics were positive but market indicators supported the bears. AVAX Daily, a popular Twitter handle that posts updates related to the Avalanche [AVAX] blockchain, recently published the network’s weekly report. The tweet stated that AVAX’s market capitalization registered a double-digit decline of 13% […]
revealed that Avalanche’s new weekly addresses had gained upward momentum since the beginning of this year., after a steady decline, fees and revenue from Avalanche spiked on 3 March 2023.
Quite a few other on-chain metrics also supported Avalanche. For instance, AVAX’s demand in the futures market remained pretty decent, which was evident from its Binance funding rate.revealed that bearish sentiments around Avalanche went down by over 50% last week, indicating the crypto community’s confidence in the token.’s popularity increased considerably as its social volume registered a major uptick in recent days.
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Cardano [ADA] TVL declines – will these developments turn the tide?Cardano published the latest edition of its weekly development report. Total transactions increased, and ADA remained in demand in the futures market. Cardano’s [ADA] total value locked (TVL) was on a continued uptrend for several weeks as it spiked considerably. However, the hike seemed to have ended as the metrics registered a decline over the past […]
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Avalanche’s [AVAX] fundamentals stay weak despite big-ticket tie upsMost 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 […]
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Decoding the state of Lido Finance’s node and validator operatorsLido sustained positive validator growth in Q4 as well as healthy validator jurisdictional dispersion. A look at the impact of the recent market conditions on LDO and its TVL reveals some interesting facts. Lido Finance just released its latest quarterly report revealing the state of node operators. The timely nature of the report may offer […]
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GNS plunges after meteoric start to 2023: Exploring what happenedThe daily active users on Gains Network plunged 37% from mid-February until press time. The network almost reversed the TVL gains it made a month ago. The Open Interest (OI) for Gains Network [GNS] reached its all-time high of 57 million at the time of writing. The OI rose over the past four months for […]
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Avalanche’s [AVAX] fundamentals stay weak despite big-ticket tie upsMost 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 […]
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