• Avalanche explores more growth opportunities in Japan to revive slowing network activity.
  • AVAX enters a possible accumulation zone after its recent bearish performance.

As the market extends the period of low volatility, it is important to look into how it has impacted some of the top blockchains. A look at Avalanche and its current performance hammers down this point but the network has been making efforts aimed toward growth.

Read Avalanche’s [AVAX] price prediction 2023-24

Avalanche’s performance took a hit from sluggish market conditions recently. Its address activity put the impact into perspective. Daily active addresses on Avalanched achieved a six-month peak in mid-June at over 130,000 addresses. It has since cooled down to roughly 50,000 daily active addresses.

Source: Artemis

The number of daily transactions on the Avalanche network unsurprisingly dipped during the same period. However, it is worth noting that daily transactions dipped even before address activity slowed down.

Many networks tend to deploy measures aimed at sustaining growth or activity. Avalanche’s latest efforts revealed that the chain is exploring growth opportunities in the Asian region. Furthermore, it recently revealed that the Japanese firm SBI VC will adopt its AvaCloud WEB3 launchpad to roll out its services.

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