$AVAX broke its long-term downtrend and looks positioned to hit new highs, but noshitcoins says a decline in Avalanche DApp use could be an early sign of exhaustion.
Avalanche is also Ethereum Virtual Machine compatible and it is not plagued by the $15 average transaction fees and network congestion that impact the Ethereum network.The use of Avalanche’s smart contracts is in decline
Meanwhile, Terra’s TVL increased by 116% between January and March 2022, reaching $19.8 billion. Similarly, Waves’ smart contract deposits increased from $730 million to $4.5 billion in the same period.
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