@avalancheavax's significant revenue comes from multiple resources. Besides transaction fees and running blockchain, there are other resources you can check out with our graphic below!
3. AVALANCHE REACHED $1M IN REVENUE MULTIPLE TIMES
Avalanche's revenue started to move upward steadily in early March 2022 with the consistent increase to ~$1M during this period. In addition, last year ATH got $1.9M.
Avalanche got 3⃣ position in this ranking. The #token price is undervalued despite the great annualized revenue. There are other factors to consider when deciding to hold $AVAX in the long term.
If you intend to hold AVAX for the long term and believe in the completion of the existing ecosystem as well as the need for subnets to thrive in the future, you've probably had to decide where to stake your AVAX.
1⃣ Why do we need @BenqiFinance's Liquid Staking?
2⃣ What is BenQI's Liquid Staking?
3⃣ How does it work?
4⃣ BenQI plays an integral role in the Subnet Economy.
5⃣ veQI - Curve Wars on BenQI
6⃣ Potential of BenQI
2/ As we all know, for a Proof-of-Stake #Blockchain like @avalancheavax, consensus is achieved by validators running hardware and locking up $AVAX collateral to secure the network.
Discover more about Alpha #farming on @avalancheavax ecosystem with us! What are the pros and cons of risk tolerance, how to optimize farming, etc? Details below!
@BenqiFinance - the liquid staking protocol on Avalanche, helps optimize the staking amount. Instead of locking $AVAX to get APR, its function provides $sAVAX when users were staking $AVAX so users can optimize their yield in multiple ways.
2. OPTIMIZE FARMING WITH $sAVAX ON TRADERJOE
The first strategy with #sAVAX runs on TraderJoe; with #sAVAX after staked #AVAX, users can yield more by joining farming on TraderJoe. And here's how to do that 👇