ProtocolReportingMay2,2023Avalanche(AVAX)StateofAvalancheQ12023QuarterlyCommunityReportJamesTrautman•ResearchAnalyst(@JamesTrautman_)MikeKremer•DataEngineer(@mikeykremer)KeyInsights●Avalanche’smarketcapreboundedalongwiththebroadermarket,increasing65.8%QoQ.Avalancherevenue(inAVAX)increased10.8%QoQ.●Avalanche’sdailyaverageactiveaddressesandtransactionsdeclinedQoQby20.7%and31.9%,respectively.TheQoQdeclinefollowedananomalousspikeandhighgrowthperiodofsubnetactivityinQ4.●ThesupplyofBTC.bonAvalancheincreasedby64%duringQ1,reachingover$250millioninmarketcap.●MainstreaminterestinAvalanchenetworkinfrastructurecontinuedwithAWSandTencentCloudpartnerships.●Not...
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