Avalanche (AVAX) Overcomes Market Downfall and Experiences User Growth

Despite the massive hit many altcoins took over the last few weeks due to the market drop driven by lawsuits opened by the SEC against Coinbase and Binance, Avalanche (AVAX) paints a somewhat different story. AVAX was seriously affected by the FUD (Fear, Uncertainty, Doubt) caused by the lawsuits. Latest on Avalanche (AVAX) However, according to recent data, the protocol has reached an all-time high in terms of active users. Avalanche managed to see a 382% growth in this metric as the number of active users on the network reached 1 million. The increase in activity in the protocol is largely due to its growing ecosystem. According to Dapp Radar data, dApps such as Stargate, 1inch Finance, and Trader Joe have observed a substantial increase in unique active addresses in their protocols. Trader Joe, one of the most popular dApps on the protocol, saw a significant 45.8% increase in terms […] The post Avalanche (AVAX) Overcomes Market Downfall and Experiences User Growth appeared first on COINTURK NEWS.