Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Analyst says that Solana blinks that ‘very promising’ bullish setup, rallies predicts for two low-cap altcoins

2025-06-03

Acceleware announces management agreements | Web3wire

2025-06-03

AI to transform web3 into ‘Knowledge coordination layer’, says Ram Kumar of OpenLedger

2025-06-03
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    AI to transform web3 into ‘Knowledge coordination layer’, says Ram Kumar of OpenLedger

    2025-06-03

    Incentiv Testnet is going live to expand blockchain accessibility

    2025-06-03

    AI and Blockchain Dal Costs and downtime in transport

    2025-06-03

    World Network is expanding the worldwide ‘proof of human’ technology as AI Deepfakes Surge

    2025-06-03

    Clearpool’s Ozean integrates Chainsight for secure RWA Oracle infrastructure

    2025-06-03
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03

    Donald Trump Jr. says that family came in crypto after he was degraded, realizing the financial system was ‘Pyramid Scheme’

    2025-06-03

    Dubai Crypto ambitions rise with Solana and Ripple Moves

    2025-06-03

    ‘Revenge Tax’ hidden in President Trump’s account could activate the Capital War, Deutsche Bank warns: Report

    2025-06-02

    Goldman Sachs Banker sentenced a prison for a role in $ 4,500,000 Ransack or Malaysia’s State Investment Fund: Report

    2025-06-02
  • Analysis

    Analyst says that Solana blinks that ‘very promising’ bullish setup, rallies predicts for two low-cap altcoins

    2025-06-03

    Crypto analyst says that XRP community should pay attention to 4-6 June, here is why

    2025-06-03

    American Bitcoin ETFs Navigate $ 1.2 billion in the midst of the European approval of the retail trade

    2025-06-03

    A matter of time before Altcoins take a big dip against Bitcoin, according to analyst Benjamin Cowen

    2025-06-03

    Ethereum performs better than with $ 321 million inflow as Bitcoin, XRP sees a combined outflow of more than $ 36 million

    2025-06-03
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Will Trader Joe help Avalanche stay afloat? Metrics have the answer
Altcoins

Will Trader Joe help Avalanche stay afloat? Metrics have the answer

2023-05-04No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • The Total Value Locked (TVL) locked on Avalanche has dropped in recent weeks.
  • However, Trader Joe, a DEX, witnessed a flurry of activity.

As of 2022, the total value locked (TVL) on Avalanche is experiencing a sustained downward trend. Despite numerous attempts to attract more users, the TVL showed no significant improvement.


Is your wallet green? Check out the Avalanche Profit Calculator


However, a DEX Trader Joe reportedly could help the Avalanche ecosystem in areas where it faces challenges. According to data from Messari, Trader Joe’s v2 has shown the fastest growth among decentralized exchanges (DEXs) in the past 180 days.

This can be attributed to the introduction of the Liquidity Book (LB), which implements a concentrated liquidity model similar to that of Uniswap V3.

Source: Messari

Notably, it was discovered that other dApps on the Avalanche network did not perceive the same level of traction as Trader Joe.

According to Dapp Radar, popular dApps on Avalanche such as Benqi, CelerNetwork, and Beefy Finance witnessed a decline in unique active wallets on the network over the past week.

Source: Dapp Radar

Still a long way to go

In addition, the Avalanche network also noted a decline in interest in the NFT market. AVAXNFTSTATS data indicated that total daily coin volume has dropped significantly for Avalanche over the past month. This implied that new NFTs were not often created on the Avalanche network.

Unfortunately, the interest in Avalanche’s blue-chip NFT collections is like Roostr and MadSkullz fell too.

Source: AVAXNFTSTATS

All of the above factors impacted the total NFT transactions.

See also  'Be on Court': Trader says that Altcoin Bounce might be temporary, follows Bitcoin's next goals

Well, one of the reasons for the declining interest in Avalanche NFTs could be the drop in the weighted sentiment metric.

The negatively weighted sentiment implied that the crypto community’s overall view of Avalanche was not very favorable.

Source: Sentiment

On the other hand, according to data from the token terminal, the number of daily active users on the Avalanche network has dropped by 9% in the past week. Subsequently, total revenue generated also declined by 19.1%.


Realistic or not, here is AVAX’s market cap in BTC terms


Source: token terminal

If Avalanche fails to generate user interest for an extended period of time, it would be detrimental to the success of the protocol in the long run.

Source link

afloat answer Avalanche Joe Metrics Stay trader
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The big moment of Ethereum: why institutions big bet on ETH

2025-06-03

Is Bitcoin of $ 250K possible this year? This research director thinks so

2025-06-03

Maker pump 8% while MKR -Walvissen jump to heaven – details

2025-06-03

Dogecoin (doge) refuses while Ruvi Ai (Ruvi) wins momentum, analysts say it could lead the next Bull Run

2025-06-03
Add A Comment
Leave A Reply Cancel Reply

Top Posts

XRP Price Faces Hurdles: Will It Overcome the Obstacles?

2024-06-06

XLM with a risk of 40% price decrease, pattern sparks sale warnings

2025-02-05

Andrei Grachev invites memecoins to BNB Chain for DWF Meme Fund

2024-12-29
Editors Picks

XRP stands for decline: what the decline below the 20-day EMA means for traders

2024-06-13

Notcoin Price Prediction: Why You Should Prepare for Another Price Drop

2024-07-28

Soul Society (HON) Price Prediction 2024 2025 2026 2027

2024-01-20

Andromeda launches Web3 OS, paving the way for a multi-chain future

2024-02-02

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Analyst says that Solana blinks that ‘very promising’ bullish setup, rallies predicts for two low-cap altcoins

Acceleware announces management agreements | Web3wire

AI to transform web3 into ‘Knowledge coordination layer’, says Ram Kumar of OpenLedger

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,583.530.13%
  • ethereumEthereum(ETH)$2,631.161.26%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.252.75%
  • binancecoinBNB(BNB)$670.340.44%
  • solanaSolana(SOL)$156.75-1.49%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.1964460.74%
  • tronTRON(TRX)$0.268745-0.06%
  • cardanoCardano(ADA)$0.700.76%
  • hyperliquidHyperliquid(HYPE)$36.492.09%
  • suiSui(SUI)$3.28-0.32%
  • chainlinkChainlink(LINK)$14.371.71%
  • avalanche-2Avalanche(AVAX)$21.521.41%
  • stellarStellar(XLM)$0.2750851.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.954.55%
  • bitcoin-cashBitcoin Cash(BCH)$404.680.32%
  • the-open-networkToncoin(TON)$3.221.36%
  • shiba-inuShiba Inu(SHIB)$0.000013-0.17%
  • hedera-hashgraphHedera(HBAR)$0.1731050.87%
  • litecoinLitecoin(LTC)$90.591.38%
  • polkadotPolkadot(DOT)$4.201.42%
  • moneroMonero(XMR)$343.22-4.82%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • bitget-tokenBitget Token(BGB)$4.820.17%
  • daiDai(DAI)$1.000.03%
  • pepePepe(PEPE)$0.000012-1.15%
  • piPi(PI)$0.651.07%
  • uniswapUniswap(UNI)$6.705.83%
  • aaveAave(AAVE)$267.674.68%
  • bittensorBittensor(TAO)$394.950.62%
  • aptosAptos(APT)$5.002.69%
  • nearNEAR Protocol(NEAR)$2.541.75%
  • crypto-com-chainCronos(CRO)$0.101700-1.38%
  • okbOKB(OKB)$50.190.66%
  • internet-computerInternet Computer(ICP)$5.375.07%
  • ondo-financeOndo(ONDO)$0.860.83%
  • ethereum-classicEthereum Classic(ETC)$17.761.74%
  • gatechain-tokenGateToken(GT)$19.33-0.74%
  • kaspaKaspa(KAS)$0.088257-1.14%
  • mantleMantle(MNT)$0.680.10%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2181570.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.18-0.27%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.0248870.35%
  • render-tokenRender(RENDER)$3.95-0.04%
  • ethenaEthena(ENA)$0.3459725.98%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.836.31%
  • worldcoin-wldWorldcoin(WLD)$1.200.96%
  • arbitrumArbitrum(ARB)$0.3684713.10%
  • bitcoinBitcoin(BTC)$105,583.530.13%
  • ethereumEthereum(ETH)$2,631.161.26%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.252.75%
  • binancecoinBNB(BNB)$670.340.44%
  • solanaSolana(SOL)$156.75-1.49%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.1964460.74%
  • tronTRON(TRX)$0.268745-0.06%
  • cardanoCardano(ADA)$0.700.76%
  • hyperliquidHyperliquid(HYPE)$36.492.09%
  • suiSui(SUI)$3.28-0.32%
  • chainlinkChainlink(LINK)$14.371.71%
  • avalanche-2Avalanche(AVAX)$21.521.41%
  • stellarStellar(XLM)$0.2750851.30%
  • unus-sed-leoUNUS SED LEO(LEO)$8.954.55%
  • bitcoin-cashBitcoin Cash(BCH)$404.680.32%
  • the-open-networkToncoin(TON)$3.221.36%
  • shiba-inuShiba Inu(SHIB)$0.000013-0.17%
  • hedera-hashgraphHedera(HBAR)$0.1731050.87%
  • litecoinLitecoin(LTC)$90.591.38%
  • polkadotPolkadot(DOT)$4.201.42%
  • moneroMonero(XMR)$343.22-4.82%
  • ethena-usdeEthena USDe(USDE)$1.000.04%
  • bitget-tokenBitget Token(BGB)$4.820.17%
  • daiDai(DAI)$1.000.03%
  • pepePepe(PEPE)$0.000012-1.15%
  • piPi(PI)$0.651.07%
  • uniswapUniswap(UNI)$6.705.83%
  • aaveAave(AAVE)$267.674.68%
  • bittensorBittensor(TAO)$394.950.62%
  • aptosAptos(APT)$5.002.69%
  • nearNEAR Protocol(NEAR)$2.541.75%
  • crypto-com-chainCronos(CRO)$0.101700-1.38%
  • okbOKB(OKB)$50.190.66%
  • internet-computerInternet Computer(ICP)$5.375.07%
  • ondo-financeOndo(ONDO)$0.860.83%
  • ethereum-classicEthereum Classic(ETC)$17.761.74%
  • gatechain-tokenGateToken(GT)$19.33-0.74%
  • kaspaKaspa(KAS)$0.088257-1.14%
  • mantleMantle(MNT)$0.680.10%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2181570.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.18-0.27%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.0248870.35%
  • render-tokenRender(RENDER)$3.95-0.04%
  • ethenaEthena(ENA)$0.3459725.98%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.836.31%
  • worldcoin-wldWorldcoin(WLD)$1.200.96%
  • arbitrumArbitrum(ARB)$0.3684713.10%