– Fees down 22%, NFTs plunge 90%: Will AVAX’s Q3 be better?

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– Fees down 22%, NFTs plunge 90%: Will AVAX’s Q3 be better?
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The second quarter of 2024 came to an end, and reports have arrived regarding the performances of several coins’, including Avalanche [AVAX].

The second quarter of 2024 has come to an end, and reports have arrived regarding the performances of several coins, including

In Q2, Avalanche onboarded more than 2 million new addresses and registered 21 million unique addresses, which were also less than Q2 2023. Things in the DeFi space, however, looked optimistic as the value touched $0.71 billion, a 4% increase YoY. Moreover, the blockchain’s development activity also remained pretty stable.Avalanche’s Q2 didn’t witness growth in the majority of the sectors. Therefore, AMBCrypto checked its current state to see whether Q3 also began on a bad note.

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