<ul><li>Avalanche's Q1 2025 saw a significant decrease in market cap by 46.7% due to protocol upgrades and falling prices.</li><li>Despite the market cap plunge, Avalanche's C-Chain and L1s experienced robust transaction and address growth, driven by gaming and content platforms.</li><li>DeFi metrics dropped in dollar terms but surged in AVAX, indicating increased ecosystem engagement despite price challenges.</li><li>Pulsar, a real-time strategy blockchain game, led to a surge in user activity on Avalanche with 1.8 million average daily transactions.</li></ul>

AVAX Bleeds Billions, But Avalanche Ecosystem Hits New Highs in Q1 2025

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