The blockchain protocol Avalanche has been gathering considerable momentum in the past few months. Over the past 90 days, the daily active addresses for Avalanche achieved a significant growth of 85%, which is higher than the other major protocols such as BNB Chain, Tron, Ethereum, Aptos and Bitcoin. On April 12th, this growth rate was made known when Avalanche struck the six month high with nearly 80,000 active daily users. Throughout the same day, a well-known financial institution entered into a partnership with Avalanche which brought further attention to the aforementioned blockchain protocol.

The team at blockchain data firm Artemis.xyz further indicated that only four platforms managed to generate a higher growth rate than Avalanche throughout the past 90 days. These platforms are StarkNet, Arbitrum, Stacks and Canto. In spite of all this development, the AVAX have suffered a slight price dip (1.34%) over the last 24 hours, leaving the coin valued at $18.53 per CoinDesk data. Surprisingly - or perhaps unsurprisingly - Avalache is currently ranked as the seventh largest blockchain, with an enormous total value locked in of approximately 878.7 million dollars; as reported by DefiLlama.

In conclusion, Avalanche has seen vast growth over the past weeks, along with major recognition by a financial house who have entered into a connection with the blockchain. Despite the impressive growth rate and influence set, the AVAX have yet to measure up to expectations in terms of the current market value. Avlanche's ambition does not seem to waver, even when it faces a minor setback.



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