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Avalanche: A Fundamental Divergence From Price (AVAX-USD)

When I last covered Avalanche (AVAX-USD) in early January, I noted there were positive signs despite a lack of growth in network activity. Those positive signs included attractive valuation metrics compared to peers. In this Avalanche update, I’ll provide an updated

Avalanche Txs

Avalanche (Into The Block)

Daily Active Users

Daily Active Users (Token Terminal)

Avalanche NFTs

Avalanche NFTs (Dune Analytics/subinium)

Avalanche Contracts

Avalanche Contracts (Dune Analytics/subinium)

TVL Rank Network Protocols TVL Stables MC/TVL
1 Ethereum 807 $27.22b $68.94b 8.28
2 Tron 22 $5.58b $45.21b 1.22
3 Binance 606 $4.44b $5.68b 10.87
4 Arbitrum 343 $2.36b $1.83b 0.63
5 Polygon 425 $1.02b $1.53b 8.17
6 Optimism 142 $884.24m $607.69m 1.02
7 Avalanche 307 $705.93m $1.33b 6.94
8 Mixin 9 $403.67m $29.34m
9 Cronos 98 $341.93m $5,860 4.37
10 Pulse 6 $336.21m

Fully Diluted P/S

Fully Diluted P/S (Token Terminal)

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