Can Avalanche attract more users with this new move
The move by Avalanche to introduce NFT reward programs, particularly through airdrops by platforms like Hyperspace, seems to be generating interest in the NFT and DeFi sectors within the Avalanche ecosystem. The strategy of incentivizing early users with airdrops could potentially attract more participants to the Avalanche NFT community, contributing to the growth and vibrancy of the ecosystem.
The recent surge in the sales of AVAX NFTs by 82.6% over the last 24 hours indicates a positive response to the NFT sector on the Avalanche network. Additionally, Avalanche is making strides in the DeFi space, with a notable spike in decentralized exchange (DEX) volumes on the network, reaching new highs.
The overall activity on the Avalanche protocol has seen a significant increase, with a 39.7% growth in daily active users over the last month and a 62.4% increase in revenue during the same period. A thriving ecosystem can potentially impact the price movement of AVAX and contribute to its legitimacy in the market.
Despite a slight correction of 4.44% in the last 24 hours, the overall trend for AVAX remains bullish. The price has shown multiple higher highs and higher lows over the last month, and the network metrics appear to be in favor of Avalanche's
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