Avalanche Revenue Nosedives Over 40% In Q2 – Impact On AVAX Price

Avalanche (AVAX) has had a terrible Q2 2024 by several standards, going by a significant decline in market capitalization coupled with low revenue generation. Related Reading: Toncoin (TON) Climbs 20% – Here’s What’s Pushing The Price Up Messari’s recent report indicated that AVAX faced a fierce correction after two quarters of growth on the trot. Market capitalization dipped by 40% within the last quarter to stand at $11.6 billion. Well, despite this slump, the ecosystem is still sound as AVAX still has a market cap of $4.5 billion — that’s a 157% surge compared to the same period in 2023. State of @avax Q2 Key Update: Several partnerships announced, notable ones include @stripe, @homium, and @konami. QoQ Metrics

Sep 16, 2024 - 22:00

Avalanche Revenue Nosedives Over 40% In Q2 – Impact On AVAX Price

Avalanche (AVAX) has had a terrible Q2 2024 by several standards, going by a significant decline in market capitalization coupled with low revenue generation.

Messari’s recent report indicated that AVAX faced a fierce correction after two quarters of growth on the trot. Market capitalization dipped by 40% within the last quarter to stand at $11.6 billion. Well, despite this slump, the ecosystem is still sound as AVAX still has a market cap of $4.5 billion — that’s a 157% surge compared to the same period in 2023.