{"id":347968,"date":"2023-10-03T01:00:06","date_gmt":"2023-10-02T19:30:06","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=347968"},"modified":"2024-06-11T14:53:34","modified_gmt":"2024-06-11T09:23:34","slug":"as-socialfi-grows-on-avalanche-will-avax-see-growth","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/","title":{"rendered":"As SocialFi grows on Avalanche, will AVAX see growth?"},"content":{"rendered":"<ul>\n<li><em>Avalanche&#8217;s SocialFi sector showed promise with the rapid growth of StarsArena.<\/em><\/li>\n<li><em>Despite this success, overall Avalanche activity declined, which impacted revenue as well.<\/em><\/li>\n<\/ul>\n<p>SocialFi platforms are making waves in the crypto world, and Friends.tech has emerged as a standout. With a growing user base, rising TVL, and increased fees, Friends.tech showcases the potential of SocialFi. However, this popularity wasn&#8217;t limited to Friends.tech alone.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the <a href=\"https:\/\/ambcrypto.com\/calculator\/avalanche-2-profit-calculator\" target=\"_blank\" rel=\"noopener\">AVAX Profit Calculator<\/a><\/p>\n<hr \/>\n<h4>Getting social<\/h4>\n<p>Recent data indicated that the SocialFi space on the Avalanche [AVAX] network was also making significant progress. One notable player in this arena was StarsArena, a SocialFi dApp on the Avalanche protocol.<\/p>\n<p>According to data from Token Terminal, it experienced a remarkable surge in activity, making it the fastest-growing application on Avalanche in the past 24 hours.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SocialFi is heating up on <a href=\"https:\/\/twitter.com\/avax?ref_src=twsrc%5Etfw\">@avax<\/a> \ud83d\udd3a<a href=\"https:\/\/twitter.com\/starsarenacom?ref_src=twsrc%5Etfw\">@starsarenacom<\/a> was the fastest-growing application on Avalanche over the past  24 hours. <a href=\"https:\/\/t.co\/eS8WTwPein\">pic.twitter.com\/eS8WTwPein<\/a><\/p>\n<p>&mdash; Emperor Osmo \ud83d\udc02 \ud83c\udfaf (@Flowslikeosmo) <a href=\"https:\/\/twitter.com\/Flowslikeosmo\/status\/1708497050911014915?ref_src=twsrc%5Etfw\">October 1, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>StarsArena&#8217;s popularity was a clear indicator of the potential for growth in the Avalanche ecosystem, and it highlighted the allure of SocialFi platforms. But it&#8217;s not the only success story on Avalanche.<\/p>\n<p>Trader Joe, a prominent DEX on the protocol, also saw its trading volume increase by 24.14% in the past week, underlining the positive momentum in this space.<\/p>\n<p>Despite these achievements, the overall activity on Avalanche witnessed a significant drop recently. Artemis&#8217; data revealed a substantial decline in daily active users and their associated transactions.<\/p>\n<p>This decline has also affected Total Value Locked (TVL) and DEX volumes on the platform, posing potential challenges for Avalanche&#8217;s continued growth.<\/p>\n<figure id=\"attachment_348025\" aria-describedby=\"caption-attachment-348025\" style=\"width: 2326px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM.png\"><img decoding=\"async\" class=\"wp-image-348025 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM.png\" alt=\"\" width=\"2326\" height=\"980\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM.png 2326w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM-300x126.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM-1024x431.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM-768x324.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM-1536x647.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.40.28-PM-2048x863.png 2048w\" sizes=\"(max-width: 2326px) 100vw, 2326px\" \/><\/a><figcaption id=\"caption-attachment-348025\" class=\"wp-caption-text\">Source: Artemis<\/figcaption><\/figure>\n<h4>Not all roses and sunshine<\/h4>\n<p>This decline in activity had a direct impact on the revenue generated by the Avalanche protocol, which fell by a substantial 46.3% over the last month. Such a sharp decrease in revenue raised concerns about the protocol&#8217;s sustainability and long-term viability.<\/p>\n<figure id=\"attachment_348021\" aria-describedby=\"caption-attachment-348021\" style=\"width: 2326px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM.png\"><img decoding=\"async\" class=\"wp-image-348021 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM.png\" alt=\"\" width=\"2326\" height=\"1122\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM.png 2326w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM-300x145.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM-1024x494.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM-768x370.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM-1536x741.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Screenshot-2023-10-02-at-3.35.34-PM-2048x988.png 2048w\" sizes=\"(max-width: 2326px) 100vw, 2326px\" \/><\/a><figcaption id=\"caption-attachment-348021\" class=\"wp-caption-text\">Source: Token Terminal<\/figcaption><\/figure>\n<p>However, it was not all bleak for AVAX, the native token of the Avalanche platform. At present, AVAX was trading at $9.514, and its trading volume experienced a significant uptick in recent days. This could signal a renewed interest in the protocol and its native token.<\/p>\n<figure id=\"attachment_348019\" aria-describedby=\"caption-attachment-348019\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023.png\"><img decoding=\"async\" class=\"wp-image-348019 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023.png\" alt=\"\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/Avalanche-AVAX-15.34.36-02-Oct-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-348019\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">Realistic or not, here&#8217;s <a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\">AVAX&#8217;s market cap in BTC&#8217;s terms<\/a><\/p>\n<hr \/>\n<p>Furthermore, there&#8217;s a potential catalyst on the horizon that could boost Avalanche&#8217;s profile. <a href=\"https:\/\/ambcrypto.com\/avalanche-joins-ranks-of-blockchains-with-google-cloud-backing\/\" target=\"_blank\" rel=\"noopener\">Google Cloud<\/a> recently announced its support for Avalanche blockchains within its BigQuery analytics service.<\/p>\n<p>This integration with a tech giant like Google could provide significant exposure and credibility, potentially attracting more users and developers to the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SocialFi platforms like StarsArena thrive on Avalanche, but declining activity challenges the network&#8217;s growth.<\/p>\n","protected":false},"author":73,"featured_media":348027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-347968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>As SocialFi grows on Avalanche, will AVAX see growth? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"SocialFi platforms are flourishing on Avalanche, but a recent decline in overall activity raises questions about the protocol&#039;s future growth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As SocialFi grows on Avalanche, will AVAX see growth? - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"SocialFi platforms like StarsArena thrive on Avalanche, but declining activity challenges the network&#039;s growth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T19:30:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:23:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"904\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Himalay Patel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Himalay Patel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/\"},\"author\":{\"name\":\"Himalay Patel\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/b0716c41c9ecf1a11e1da2fd9a49ba0e\"},\"headline\":\"As SocialFi grows on Avalanche, will AVAX see growth?\",\"datePublished\":\"2023-10-02T19:30:06+00:00\",\"dateModified\":\"2024-06-11T09:23:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/\"},\"wordCount\":448,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/\",\"name\":\"As SocialFi grows on Avalanche, will AVAX see growth? - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png\",\"datePublished\":\"2023-10-02T19:30:06+00:00\",\"dateModified\":\"2024-06-11T09:23:34+00:00\",\"description\":\"SocialFi platforms are flourishing on Avalanche, but a recent decline in overall activity raises questions about the protocol's future growth.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/as-socialfi-grows-on-avalanche-will-avax-see-growth\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png\",\"width\":1200,\"height\":904,\"caption\":\"As SocialFi grows on Avalanche, will AVAX see growth?\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/b0716c41c9ecf1a11e1da2fd9a49ba0e\",\"name\":\"Himalay Patel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-150x150.jpeg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-150x150.jpeg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-150x150.jpeg\",\"caption\":\"Himalay Patel\"},\"description\":\"Himalay is a full-time journalist at AMBCrypto. A Computer Science graduate, Himalay writes about crypto with a special focus on the latest coin-based updates. He is a fan of gonzo journalism, transgressive fiction, heavy metal, and Manchester United.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/himalay-patel-2b898417a\\\/\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Journalist\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/himalay-patel\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"As SocialFi grows on Avalanche, will AVAX see growth? - AMBCrypto","description":"SocialFi platforms are flourishing on Avalanche, but a recent decline in overall activity raises questions about the protocol's future growth.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/","og_locale":"en_US","og_type":"article","og_title":"As SocialFi grows on Avalanche, will AVAX see growth? - AMBCrypto","og_description":"SocialFi platforms like StarsArena thrive on Avalanche, but declining activity challenges the network's growth.","og_url":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2023-10-02T19:30:06+00:00","article_modified_time":"2024-06-11T09:23:34+00:00","og_image":[{"width":1200,"height":904,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png","type":"image\/png"}],"author":"Himalay Patel","twitter_card":"summary_large_image","twitter_creator":"@CryptoAmb","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Himalay Patel","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"ReportageNewsArticle","@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/"},"author":{"name":"Himalay Patel","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/b0716c41c9ecf1a11e1da2fd9a49ba0e"},"headline":"As SocialFi grows on Avalanche, will AVAX see growth?","datePublished":"2023-10-02T19:30:06+00:00","dateModified":"2024-06-11T09:23:34+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/"},"wordCount":448,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png","articleSection":["Altcoin","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/#respond"]}],"copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/","url":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/","name":"As SocialFi grows on Avalanche, will AVAX see growth? - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png","datePublished":"2023-10-02T19:30:06+00:00","dateModified":"2024-06-11T09:23:34+00:00","description":"SocialFi platforms are flourishing on Avalanche, but a recent decline in overall activity raises questions about the protocol's future growth.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/as-socialfi-grows-on-avalanche-will-avax-see-growth\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/10\/ambcrypto_snowy_mountains_avalanche_cyberpunk_1d20a0a2-76a4-4045-b91a-93c8827cc734-e1696242009571.png","width":1200,"height":904,"caption":"As SocialFi grows on Avalanche, will AVAX see growth?"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/b0716c41c9ecf1a11e1da2fd9a49ba0e","name":"Himalay Patel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-150x150.jpeg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-150x150.jpeg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-150x150.jpeg","caption":"Himalay Patel"},"description":"Himalay is a full-time journalist at AMBCrypto. A Computer Science graduate, Himalay writes about crypto with a special focus on the latest coin-based updates. He is a fan of gonzo journalism, transgressive fiction, heavy metal, and Manchester United.","sameAs":["https:\/\/www.linkedin.com\/in\/himalay-patel-2b898417a\/"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Journalist","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/himalay-patel\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/347968","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/73"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=347968"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/347968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/348027"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=347968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=347968"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=347968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}