AVAX traders anticipate a new ATH even as Avalanche DApp use slows
Cointelegraph
Published Apr 01, 2022 06:30PM ET
Updated Apr 01, 2022 08:00PM ET
Avalanche (AVAX) jumped 43.8% between March 14 and March 31 to a $97.50 daily close, which is the highest level since Jan. 5. This layer-1 scaling solution uses a proof-of-stake model and has amassed $9 billion in total value locked (TVL) deposited on the network’s smart contracts.
Some analysts attribute the rally to Avalanche’s incentive program to accelerate the adoption of subnets which was announced on March 9. According to the Avalanche Foundation, subnets enable functions that are only possible with “network-level control and open experimentation.”
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Written By: Cointelegraph
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