Avalanche’s [AVAX] fundamentals stay weak despite big-ticket tie ups

ambcrypto.com:

Avalanche [AVAX] registered a significant drop in its weekly trading activity throughout the month of February. According to Token Terminal,  the weekly average daily active users for the chain fell nearly 28% since January.

With the drop in users, the weekly transaction fees paid on the platform halved during the same time period.

Source: Token Terminal

The drop in trading activity was reflected in the price of AVAX as well. The coin tanked 24% over the previous month while the weekly drop was to the tune of 8%, as per CoinMarketCap.

Read Avalanche’s [AVAX] Price Prediction 2023-24

GameFi has become one of the fastest-growing sectors in the Avalanche ecosystem. The platform has entered into high-profile partnerships of late to boost its appeal in the play-to-earn landscape.

Recently, it announced a collaboration with Japanese gaming pioneer GREE, who opted for Avalanche for their plunge into the Web3 world.

The latest Builder's Spotlight features an interview with @TakasuguMurata, Head of BD for Web3 at @GREE_pr_jp /