{"id":529556,"date":"2023-05-02T18:38:25","date_gmt":"2023-05-02T18:38:25","guid":{"rendered":"https:\/\/uniquehot.com\/?p=529556"},"modified":"2024-06-11T11:21:50","modified_gmt":"2024-06-11T11:21:50","slug":"avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/","title":{"rendered":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth"},"content":{"rendered":"<p><span style=\"font-weight: 400\">According to the latest <\/span><a href=\"https:\/\/messari.io\/report\/state-of-avalanche-q1-2023\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">report <\/span><\/a><span style=\"font-weight: 400\">by Messari, Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% quarter on quarter (QoQ), reflecting the broader market trend and the thaw of the crypto winter that took by storm the crypto industry in 2022.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/uniswap\/uniswap-uni-tanks-as-bears-take-charge-will-the-bulls-come-to-rescue\/\" target=\"_blank\" rel=\"noopener \">Uniswap (UNI) Tanks As Bears Take Charge, Will The Bulls Come To Rescue?<\/a><\/div>\n<h2><b>Avalanche&#8217;s Q1 2023 Performance<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to the report, Avalanche experienced a decline in daily average active addresses and transactions during Q1 2023. The 20.7% and 31.9% decline followed an anomalous spike and a high growth period of subnet activity in Q4.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the report also highlights that Avalanche&#8217;s supply of Bitcoin BEP2, a token on the Binance chain (BTC.b), increased by 64% during Q1, reaching over $250 million in market cap. This is a positive sign for the platform&#8217;s growth and demonstrates the increasing interest in Avalanche as a blockchain platform.<\/span><\/p>\n<figure id=\"attachment_529558\" aria-describedby=\"caption-attachment-529558\" style=\"width: 814px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-529558\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/Screenshot_31.jpg?resize=814%2C392\" alt=\"Avalanche\" width=\"814\" height=\"392\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/Screenshot_31.jpg?w=814 814w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/Screenshot_31.jpg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/Screenshot_31.jpg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/Screenshot_31.jpg?w=750 750w\" sizes=\"(max-width: 814px) 100vw, 814px\"><figcaption id=\"caption-attachment-529558\" class=\"wp-caption-text\">Supply of BTC.b on Avalanche. Source: <a href=\"https:\/\/messari.io\/report\/state-of-avalanche-q1-2023\" target=\"_blank\" rel=\"noopener nofollow\">Messari<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">The report further notes that mainstream interest in Avalanche network infrastructure continued to grow during Q1, with partnerships with blockchain services (AWS) and Tencent Cloud, a secure, reliable, and high-performance cloud computing service. This demonstrates the growing recognition of Avalanche as a major player in the blockchain space.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, Avalanche launched several notable developments during Q1 aimed at ushering in developers. These include the launch of HyperSDK, Glacier API, and integration with The Graph. These developments are expected to increase the adoption of Avalanche as a blockchain platform and attract more developers to build on the platform.<\/span><\/p>\n<h3><b>The Avalanche Effect<\/b><\/h3>\n<p><span style=\"font-weight: 400\">According to Messari,\u00a0 Avalanche&#8217;s Total Value Locked (TVL) denominated in USD increased by 4.2% QoQ in Q1 2023, following the crypto market relief rally in January. However, TVL denominated in AVAX declined by 34.3%, suggesting that the increase in USD was due to asset price increases rather than new capital inflow.<\/span><\/p>\n<figure id=\"attachment_529559\" aria-describedby=\"caption-attachment-529559\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-529559\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/Screenshot_30.jpg?resize=860%2C438\" alt=\"Avalanche\" width=\"860\" height=\"438\"><figcaption id=\"caption-attachment-529559\" class=\"wp-caption-text\">TVL in AVAX during Q1. Source: <a href=\"https:\/\/messari.io\/report\/state-of-avalanche-q1-2023\" target=\"_blank\" rel=\"noopener nofollow\">Messari<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Despite this decline, liquid staking derivatives (LSDs) and yield farming platforms supported Avalanche and its DeFi ecosystem. Benqi liquid staking TVL grew by 88.6% QoQ to $100 million by the end of Q1, and Vector Finance, a yield optimization platform, increased by 50% QoQ to $36 million. Collectively, these two protocols finished Q1 in the top 10 by TVL, with ~$136 million in TVL.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Avalanche&#8217;s most prominent protocol by TVL denominated in USD, Aave, was down slightly 5% QoQ, but Benqi Lending, Trader Joe, and GMX grew by 49%, 24%, and 70%, respectively. However, there remained concentration risk in the leading application, with Aave making up 43% ($432 million) of Avalanche&#8217;s DeFi TVL by the end of Q1.<\/span><\/p>\n<h3><b>Avalanche Validators Show Volatility<\/b><\/h3>\n<p><span style=\"font-weight: 400\">According to the report,\u00a0 Avalanche&#8217;s network health remained stable in Q1 2023, with the average number of validators, total stake, and average engaged stake remaining consistent. However, the average number of delegators grew by 26.1% QoQ, indicating increasing participation in the network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the stability of stake across a greater number of validators and delegates, there was some volatility in the number of validators that went offline during Q1. Both the average amount of unresponsive stakes and the number of unresponsive validators increased by over 70% QoQ. However, the percentage of unresponsive stakeholders and validators remained high enough to sustain block production.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Overall, the Messari report indicates that Avalanche&#8217;s network health remained stable in Q1 2023, with consistent numbers of validators, total stake, and average engaged stake. The growth in the number of delegators also suggests increasing participation in the network.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While there was some volatility in the number of validators that went offline during Q1, the percentage of unresponsive stakes and validators remained high enough to sustain block production. These findings demonstrate the continued growth and resilience of the Avalanche network and its potential for further expansion and adoption in the blockchain space.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-inflow-505m-binance-sign-selling\/\" target=\"_blank\" rel=\"noopener \">Ethereum Sees Inflows Of $505M Into Binance, Sign Of Selling?<\/a><\/div>\n<figure style=\"width: 1814px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/novRpfHA\/\" alt=\"Avalanche\" width=\"1814\" height=\"858\"><figcaption class=\"wp-caption-text\">AVAX trying to recover its bullish momentum on the 1-day chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/e4WncABc\/?symbol=BINANCE%3AAVAXUSDT\" target=\"_blank\" rel=\"noopener nofollow\">AVAXUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from Unsplash, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the latest report by Messari, Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% quarter on quarter (QoQ), reflecting the broader market trend and the thaw of the crypto winter that took by storm the crypto industry in 2022.\u00a0 Related Reading: Uniswap (UNI) Tanks As Bears Take Charge, Will The Bulls Come To Rescue? Avalanche&#8217;s Q1 2023 Performance According to the report, Avalanche experienced a decline in daily average active addresses and transactions during Q1 2023. The 20.7% and 31.9% decline followed an anomalous spike and a high growth period of subnet activity in Q4. However, the report also highlights that Avalanche&#8217;s supply of Bitcoin BEP2, a token on the Binance chain (BTC.b), increased by 64% during Q1, reaching over $250 million in market cap. This is a positive sign for the platform&#8217;s growth and demonstrates the increasing interest in Avalanche as a blockchain platform. The report further notes that mainstream interest in Avalanche network infrastructure continued to grow during Q1, with partnerships with blockchain services (AWS) and Tencent Cloud, a secure, reliable, and high-performance cloud computing service. This demonstrates the growing recognition of Avalanche as a major player in the blockchain space. In addition, Avalanche launched several notable developments during Q1 aimed at ushering in developers. These include the launch of HyperSDK, Glacier API, and integration with The Graph. These developments are expected to increase the adoption of Avalanche as a blockchain platform and attract more developers to build on the platform. The Avalanche Effect According to Messari,\u00a0 Avalanche&#8217;s Total Value Locked (TVL) denominated in USD increased by 4.2% QoQ in Q1 2023, following the crypto market relief rally in January. However, TVL denominated in AVAX declined by 34.3%, suggesting that the increase in USD was due to asset price increases rather than new capital inflow. Despite this decline, liquid staking derivatives (LSDs) and yield farming platforms supported Avalanche and its DeFi ecosystem. Benqi liquid staking TVL grew by 88.6% QoQ to $100 million by the end of Q1, and Vector Finance, a yield optimization platform, increased by 50% QoQ to $36 million. Collectively, these two protocols finished Q1 in the top 10 by TVL, with ~$136 million in TVL. Avalanche&#8217;s most prominent protocol by TVL denominated in USD, Aave, was down slightly 5% QoQ, but Benqi Lending, Trader Joe, and GMX grew by 49%, 24%, and 70%, respectively. However, there remained concentration risk in the leading application, with Aave making up 43% ($432 million) of Avalanche&#8217;s DeFi TVL by the end of Q1. Avalanche Validators Show Volatility According to the report,\u00a0 Avalanche&#8217;s network health remained stable in Q1 2023, with the average number of validators, total stake, and average engaged stake remaining consistent. However, the average number of delegators grew by 26.1% QoQ, indicating increasing participation in the network. Despite the stability of stake across a greater number of validators and delegates, there was some volatility in the number of validators that went offline during Q1. Both the average amount of unresponsive stakes and the number of unresponsive validators increased by over 70% QoQ. However, the percentage of unresponsive stakeholders and validators remained high enough to sustain block production. Overall, the Messari report indicates that Avalanche&#8217;s network health remained stable in Q1 2023, with consistent numbers of validators, total stake, and average engaged stake. The growth in the number of delegators also suggests increasing participation in the network.\u00a0 While there was some volatility in the number of validators that went offline during Q1, the percentage of unresponsive stakes and validators remained high enough to sustain block production. These findings demonstrate the continued growth and resilience of the Avalanche network and its potential for further expansion and adoption in the blockchain space. Related Reading: Ethereum Sees Inflows Of $505M Into Binance, Sign Of Selling? Featured image from Unsplash, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":529561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[9885,84461,83609,6664,1558],"class_list":["post-529556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-avalanche-avax","tag-avaxusdt","tag-crypto","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth<\/title>\n<meta name=\"description\" content=\"Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% QoQ.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth\" \/>\n<meta property=\"og:description\" content=\"Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% QoQ.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-02T18:38:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T11:21:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1456\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth\",\"datePublished\":\"2023-05-02T18:38:25+00:00\",\"dateModified\":\"2024-06-11T11:21:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\"},\"wordCount\":690,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456\",\"keywords\":[\"Avalanche\",\"Avalanche (Avax)\",\"AVAXUSDT\",\"crypto\",\"cryptocurrency\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\",\"url\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\",\"name\":\"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456\",\"datePublished\":\"2023-05-02T18:38:25+00:00\",\"dateModified\":\"2024-06-11T11:21:50+00:00\",\"description\":\"Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% QoQ.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456\",\"width\":2400,\"height\":1456,\"caption\":\"Avalanche\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/uniquehot.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth","description":"Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% QoQ.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/","og_locale":"en_US","og_type":"article","og_title":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth","og_description":"Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% QoQ.","og_url":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-05-02T18:38:25+00:00","article_modified_time":"2024-06-11T11:21:50+00:00","og_image":[{"width":2400,"height":1456,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth","datePublished":"2023-05-02T18:38:25+00:00","dateModified":"2024-06-11T11:21:50+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/"},"wordCount":690,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456","keywords":["Avalanche","Avalanche (Avax)","AVAXUSDT","crypto","cryptocurrency"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/","url":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/","name":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456","datePublished":"2023-05-02T18:38:25+00:00","dateModified":"2024-06-11T11:21:50+00:00","description":"Avalanche (AVAX) has shown a strong rebound in the first quarter of 2023. The market cap of the blockchain platform increased by 65.8% QoQ.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456","width":2400,"height":1456,"caption":"Avalanche"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/uniquehot.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth","url":"http:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["avalanche","avalanche (avax)","avaxusdt","crypto","cryptocurrency"],"dateCreated":"2023-05-02T18:38:25Z","datePublished":"2023-05-02T18:38:25Z","dateModified":"2024-06-11T11:21:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Avalanche (AVAX) Climbs Higher: Q1 2023 Results Show Impressive Growth\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/avalanche-avax-climbs-higher-q1-2023-results-show-impressive-growth\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"avalanche\",\"avalanche (avax)\",\"avaxusdt\",\"crypto\",\"cryptocurrency\"],\"dateCreated\":\"2023-05-02T18:38:25Z\",\"datePublished\":\"2023-05-02T18:38:25Z\",\"dateModified\":\"2024-06-11T11:21:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/nicolas-cool-Cd2QnIKU6dk-unsplash.jpg?fit=2400%2C1456","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/529556"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=529556"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/529556\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/529561"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=529556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=529556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=529556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}