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

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The Avalanche, (AVAX), loses more than 30% in April. However, its DeFi footprint is bullish.

(AVAXThe smart contract platform is still a leading contender in decentralized applications despite a 30% drop in price in April. This is due to its low transaction costs, scalability and large presence in decentralized finance (DeFi).

AVAX token/USD at FTX. TradingView

It is compatible with Virtual Machine (EVM), and it’s unique because it doesn’t face operational bottlenecks such as high transaction fees or network congestion.

Avalanche Total Value Locked, AVAX. Source: DefiLlama
Avalanche DApps 30-day data. Source: DappRadar