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AVAX traders predict a new ATH even as Avalanche DApp usage slows By Cointelegraph



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.

AVAX/USD tokens at FTX. Source: TradingView

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”.

The total value of the locked Avalanche, AVAX. Source: DefiLlama
Avalanche DApps 30-day data. Source: DappRadar