Avalanche $AVAX network printed four ATHs in May 2022, kevinsekniqi says Avalanche
First, the protocol sees a record-breaking spike of total value locked , calculated in Avalanche tokens. The net amount of AVAX in Avalanche-based DeFis exceeded 300 million tokens, which means an 83% quarterly increase.
In May 2022, Avalanche processed over 32 million transactions; one year ago, this metric was below one million transactions. Then, the native supply of second largest stabelcoin USD Coin increased by $1.5 billion in equivalent.Last but not least, Avalanche set a new record in the net number of unique smart contracts deployed to its blockchain; this quantity almost doubled in 30 days.Avalanche critics, in the comments below Mr.
As covered by U.Today previously, in 2022, Avalanche activated Subnets, a unique modular scaling mechanism for decentralized applications.According to DeFiLlama statistics, the net TVL of Avalanche's DeFis is sitting at $3.71 billion at press time. Solana's TVL is only 1% higher. Meanwhile, Avalanche and Fantom are the two worst performers when it comes to TVL dynamics in 30 days of top 10 smart contracts platforms.
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