<ul><li> The stablecoin supply on the Avalanche network rose by over 70% over the past year from $1.5 billion to over $2.5 billion.</li><li>However, the AVAX token has been in a downtrend, dropping nearly 60% over the past year.</li><li>The significant increase in stablecoin supply is attributed to inactive treasury holdings rather than active deployment within Avalanche's DeFi ecosystem.</li><li>Market correction and global uncertainty may be impacting investor sentiment in the crypto market.</li></ul>

Avalanche stablecoins up 70% to $2.5B, AVAX demand lacks DeFi deployment

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