The “Avalanche” coin recorded a significant decline of more than 30% during the current April and its market value fell below $ 18.4 billion, but despite its decline, “Avalanche” remains the first competitor to decentralized applications for its ability to expand and use low-cost transactions.

While the price of the “AVAX” coin has fallen significantly, investors are still very optimistic about it, driven by the positive news that occurred during this April, represented by the large financing deal raised by the developers.

According to a report by Bloomberg on April 15, Ava Labs, the main developer of Avalanche, raised $350 million from investors, and the deal raised the company’s value by $5.25 billion.