According to Messari data, on-chain activity will continue to grow in 2023, with Trader Joe, Stargate and WooFi being the main driving forces.

DeFi Llama shows that Trader Joe is Avalanche’s third largest DeFi protocol, with over 255,000 unique users in the past 30 days.

Stargate is a cross-chain protocol, and the number of active users has increased by more than a quarter in 30 days, indicating frequent exchanges between Avalanche and other ecosystems.

WooFi is a cross-chain DEX that has become Avalanche’s third largest dApp in the past month, with a 28% increase in active users. WooFi’s total value locked (TVL) also increased by 10%.

According to Chainstack’s Ethan Francis, Avalanche’s developer community remains very active, with 1,607 developers contributing more than 10,000 Github repositories in the past 30 days.