AVAX traders predict a new ATH even as Avalanche DApp usage slows
(AVAX) rose 43.8% between March 14 and March 31 to a daily close of $97.50, its highest level since January 5. Solution Scaling This layer 1 model uses a proof-of-stake model and has amassed $9 billion in total locked-in value (TVL) deposited on the network’s smart contracts.
Some analysts say the rally is the driving force of Avalanche program to accelerate the adoption of subnets was announced on March 9. According to the Avalanche Foundation, subnets allow functions that are only possible with “network-level control and open testing”.
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