Avalanche prints new records in TVL and network activity
Avalanche sees a record-breaking spike of total value locked (TVL), calculated in Avalanche (AVAX) tokens. The net amount of AVAX in Avalanche-based DeFis exceeded 300 million tokens, which means an 83% quarterly increase.
In May 2022, Avalanche (AVAX) processed over 32 million transactions; one year ago, this metric was below one million transactions. Last but not least, Avalanche (AVAX) set a new record in the net number of unique smart contracts deployed to its blockchain; this quantity almost doubled in 30 days.