Avalanche TVL soars back above $1B as AVAX bulls face resistance

Avalanche health check: Positive liquidity growth resumes but the network still has a long way to go while AVAX turns green.

ecosystem has been experiencing a resurgence of activity as the market enters recovery mode. On-chain data revealed significant changes in some of Avalanche’s metrics, especially the total value locked .

The TVL dipped below $500 million in September last year and only managed to push back above $1 billion this week.Avalanche had a $1.07 billion TVL at the time of writing. While this is a noteworthy recovery, it still pales in comparison to the historic highs. We also observed significant recovery in the network’s stablecoin market cap to a $2.31 billion local high.

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