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Avalanche is now one of the largest DeFi blockchains globally and it’s holders have seen a large increase in money.
The token attracted a large number of investors in recent months, with over a hundred protocols, it is vying for the number four place of Solana, which has a similar number of protocols.
In contrast to the rest of the market, AVAX has already recouped all of its losses from this month’s price declines as it surges despite the overall reduction of token now.
The increase have started already as of today the number of processed transactions on the blockchain each day surpassed 700,000 for the first time. Avalanche estimates that the C-Chain has approximately 537k monthly active wallets. Even though Avalanche lost more than $5 billion in TVL in early December because of the bearishness, it is now reclaiming its position as it surges back up.