• AVAX was up by more than 100% over the last 30 days.
• RSI was overbought, and a few indicators were also bearish.

Avalanche [AVAX] has shown consistent growth in its DeFi space of late as key metrics continued to climb. But will the blockchain’s growth in the DeFi ecosystem be enough to maintain its bull rally, or are other factors also supporting AVAX?

Avalanche is growing in this regard

AMBCrypto inspected Artemis’ data to find out how Avalanche has been doing in the DeFi space.

Our analysis revealed that the blockchain’s TVL has been on steady growth for multiple months in a row. This was a positive development, as the higher the TVL of a blockchain, the more secure and valuable it is perceived to be.

CryptoDep recently posted a tweet that revealed the projects and dapps on Avalanche that helped the blockchain achieve this growth in TVL.

The tweet mentioned all the top dapps on AVAX in terms of volume over the last 30 days.

The top position was taken by Trader Joe as its volume surpassed $1 billion. Apart from Trader Joe, WooFi, Paraswap, GMX, and Uniswap also made it to the top five on the same list.

⚡️Top 10 dApps on @Avax by Volume (30d)

We present the top dApps on #Avalanche by volume in the last 30 days, according to the data from

Go to Source to See Full Article
Author: Dipayan Mitra

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