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Up by 43%, Avalanche may just be the latest interest in DeFi town
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Avalanche, as one of the biggest DeFi blockchains in the world, has driven a lot of investors towards it over the past few months. With over a hundred protocols, it is in competition with Solana for the #4 spot.
Now, well, it looks like it might be able to cement itself there.
While the broader market is starting to become cautious to save itself from any more price falls, AVAX is already close to recovering all the losses it suffered this month.
Having risen by almost 43% this month, the network has been seeing a huge influx of money and participation – Something very unusual for the altcoin.
For starters, the daily transactions conducted on-chain crossed the 700k milestone and hit a new all-time high, at press time.
Avalanche daily
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