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The Daily Hodl 2023-10-10 00:00:55

$77,800,000,000 Asset Manager Warns Future Is Uncertain for Avalanche, Says AVAX Facing Multiple Headwinds

Investment giant VanEck is weighing in on Ethereum (ETH) rival Avalanche (AVAX), warning that the project faces numerous serious headwinds. In a new report on the digital asset markets, VanEck analysts say that on-chain activity on Avalanche’s C-Chain has collapsed to critical levels. VanEck notes how Avalanche generated about $11,000 in fees per day in The post $77,800,000,000 Asset Manager Warns Future Is Uncertain for Avalanche, Says AVAX Facing Multiple Headwinds appeared first on The Daily Hodl .

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