Avalanche network sees fewer smart contracts, risking innovation slowdown.
The deFi sector on Avalanche shows TVL growth but declines in activity, raising sustainability concerns.
Recent data from Token Terminal has shed light on challenges the Avalanche network faces, with a significant decline in the number of smart contracts deployers. This trend hints at potential hurdles in innovation within the Avalanche ecosystem. While the AVAX token has shown resilience to market volatility, the dwindling interest in deploying smart contracts may signal underlying issues.

Developers play a pivotal role in the growth and sustainability of any blockchain platform. The decline in smart contracts deployers could erode developer confidence in the Avalanche ecosystem, posing a risk to its momentum and competitive edge in the blockchain industry. Without addressing these challenges promptly, Avalanche might struggle to keep pace with its counterparts and maintain its position in the market.
DeFi Sec

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