AVAX was among the top cryptos in terms of TVL, despite registering a sharp decline over the past few weeks. Moreover, several new developments were revealed in Avalanche’s weekly digest, which looked pretty promising. Though AVAX’s weekly performance was commendable, things might change their course soon as several on-chain metrics were suggesting a possible trend reversal in the coming days.
revealed that
’s TVL had been on a constant decline for weeks now. Furthermore, at press time the figure stood at $1.35 billion. Daily, a Twitter handle that posts updates about the Avalanche ecosystem, also mentioned this episode in its tweet. The network mentioned that although the decrease was not strong, ’s TVL still continued to find a bottom.’s weekly digest, it was revealed that over 13.9 billion transactions took place on the Avalanche blockchain in the last seven days. The tweet also mentioned that Avalanche’s total staked amount exceeded 263.2 million
.