“Avalanche users may find themselves asking ‘what crypto winter?’ as the network made impressive gains in Q4 2022,” said Mega Septiandara, research analyst at Nansen.
Part of that growth may have come from Avalanche subnets, a custom blockchain built on Avalanche with products such as DeFi Kingdom’s DFK Subnet reaching a cumulative 200 million transactions on Nov 13, 2022. The Avalanche C-Chain, short for contract chain, is the default smart contract blockchain on Avalanche, which enables the creation of any Ethereum-compatible smart contracts. This operates complementary to the X-Chain, which is used to send and receive funds in the form of AVAX tokens.
nansen_ai shauryamalwa TVL was only down 25% YoY when denominated in AVAX, compared to 90%+ in USD. So if you look at it that way TVL decline is largely due to price decline not an actual decline in network utilization
nansen_ai shauryamalwa Avalanche not only performed well during the bull-run but also outperformed during the bearish season. TVL dropped (which is normal in this context), but the stats of general performance showed new record numbers, and that's a sign of true progress for me.
avalancheavax nansen_ai shauryamalwa 1500% in Transactional growth is mammoth especially while market in deep bear. AVAX avalancheavax growing stronger each day
nansen_ai shauryamalwa 50% by twitt_tr
nansen_ai shauryamalwa AVAX growth is inevitable. This year will be even bigger
nansen_ai shauryamalwa Just natural selection playing to the right side of web3
nansen_ai shauryamalwa 2021 was a weird year, for other coins it was fatal but for Avalanche was the opposite, the amount of growth and development created that year is insane.
nansen_ai shauryamalwa I like to see how more and more people are talking and knowing more about AVAX ☺️
nansen_ai shauryamalwa Those figures reflect the great reception the chain has received since its launch and its progress despite challenging market cycles.
nansen_ai shauryamalwa Congratulations avalancheavax avalabsofficial
nansen_ai shauryamalwa We are supposed to be in a bear market yet right? Imagine when this winter ends, Avalanche comes with everything!🔥
nansen_ai shauryamalwa 2022 was a very profitable year for Avalanche. All of this was the result of hard work even in the adverse bear market conditions. LFG🚀🔺
nansen_ai shauryamalwa My friend who slept on Avalanche for many years is finally using the platform daily for his finances. I'm glad that the chad chain is finally getting the love it deserves.
nansen_ai shauryamalwa When a project is doing great, this is one of the results 👌
nansen_ai shauryamalwa this is the proof that a chian can have a tremendous level of transactions and stay scalable .
nansen_ai shauryamalwa Not bad when the technology speaks for itself, here are the results
nansen_ai shauryamalwa Obviously, the bear market is no excuse to stop growing
nansen_ai shauryamalwa 🔥🔥🔥
nansen_ai shauryamalwa Those who build and grow in bear markets will be the most benefitted in the bull run.
nansen_ai shauryamalwa Well, good technology will always bring progress and growth.
nansen_ai shauryamalwa TXNs skyrocketed like nothing. That's what good tech and innovation does, I guess
nansen_ai shauryamalwa
nansen_ai shauryamalwa Why is it hard to see that all L1 layers are just reinventing the eth wheel? What do they offer which Eth can't or will not?
nansen_ai shauryamalwa be carefull can make another low and probably won't hit ath again either even if btc pumps to new hights