Lately, there’s been a lot of chatter — and concern — around the state of Avalanche.

After launching with big promises (subnets, high throughput, near-instant finality), AVAX was once considered a serious Layer 1 competitor to Ethereum. It had major partnerships, DeFi TVL growth, and narrative strength during the 2021 bull run.

But now?

    📉 TVL has dropped significantly compared to its peak

    🧍‍♂️User activity seems low across most dApps

    ❄️ The subnet narrative hasn’t quite lived up to expectations (yet)

    📊 Price performance has lagged behind L1s like Solana, Ethereum, and even meme-driven chains

So here’s the real question:

    Is Avalanche slowly becoming a “dead chain” — or are we just early for its next cycle of relevance?

Let’s discuss:

🔹 What are the core problems Avalanche is facing right now — tech, community, dev traction, or market fit?
🔹 Can subnets still become a meaningful competitive advantage? Or have rollups and L2s on Ethereum already won that scalability debate?
🔹 What kind of catalyst (new protocol, GameFi boom, institutional play) would it take for AVAX to regain relevance in this cycle?
🔹 Is Avalanche's architecture still compelling in a modular future — or does it need to completely reposition?

💬 Curious to hear your honest opinions — is Avalanche worth holding or building on in 2025? Or are its best days behind it?