Avalanche TVL hits 2022 low; sinks more than $6 billion
Avalanche total value locked (TVL) declined to new high lows in the third week of May due to the bearish trend of the market causing a decline in TVL on all blockchains.
According to BeInCrypto Research, Avalanche has shed 59% in total value locked since the beginning of the year. On Jan 1st, Avalanche had a TVL of around $11.7 billion, and this declined to approximately $4.77 billion on May 18th.