Messari: Avalanche's total revenue in the third quarter of 2022 decreased by 94.1%, while network value only grew by 3.3%

ChainCatcher news, according to Messari's latest report "Avalanche Q3 2022," the network value of Avalanche has only increased by 3.3%, while its total revenue has decreased by 94.1%. Although the network's integration with platforms like Core, THORChain, and Boba Network shows higher actual usage rates, Avalanche's daily transaction volume and transaction fees have decreased by 65.5% and 76.2%, respectively.

Similarly, the Avalanche DeFi incentive program Avalanche Rush has also been declining, with its TVL losing about 27% in both USD and AVAX quarter-over-quarter (QoQ). Besides DeFi, the Avalanche NFT market is also in poor condition, with NFT sales and the number of unique buyer addresses decreasing by over 88% and 34%, respectively. However, according to data provided by Messari, the number of unique sellers has increased by 25%. The average daily active addresses are 38,000, down from an average of 63,000 in the second quarter. (source link)