Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

2022.04.30 00:51

Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its large footprint in the decentralized finance (DeFi) landscape.

The network is compatible with the Ethereum Virtual Machine (EVM) and unique in that it does not face the same operational bottlenecks of high transaction fees and network congestion.

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