• The Avalanche (AVAX) crypto token’s revenue has been declining for the past 30 days, but indicators remain bullish.
• Social metrics such as social dominance and social mentions have declined by 2% and 60%, respectively.
• AVAX’s TVL and market capitalization moved marginally last week, while its price declined by more than 5%.

Overview of AVAX

The Avalanche (AVAX) crypto token’s revenue has been declining for the past 30 days, but indicators remain bullish. Token Terminal’s data showed that AVAX’s revenue actually registered a decline last week. Furthermore, social metrics such as social dominance and social mentions have declined by 2% and 60%, respectively. Despite this, AVAX’s TVL and market capitalization moved marginally last week. However, its price declined by more than 5%.

Revenue Contributors to Avalanche Blockchain

According to AVAX Daily’s tweet, the top three spots amongst contributors of the highest revenue on Avalanche blockchain over the past seven days were taken by GMX, AVAX, and STG; with AAVE and MUX also making it to the top five.

AVAX Price Action

Despite positive indicators in other metrics such as TVL and market capitalization moving marginally last week, AVAX’s price action was negative with a decrease of more than 5%.

Social Aspects of AVAX

Although several metrics did not register much reaction over the past week; there was a decline in popularity due to decreased social media presence in terms of both-social dominance dropping by 2% and mentions decreasing by 60%.

Conclusion

Overall, investors can expect further declines from AVAX in terms of both-price action as well as revenue due to its decreasing popularity in terms of both-social media presence as well as contributors towards overall blockchain revenue.