Recently, I've been looking at AVAX's trend and I think there are a few points worth paying attention to.

First is the ecosystem. Avalanche's development in DeFi and NFTs is indeed promising, with protocol lock-up volumes continuously increasing. Especially after the recent subnet upgrade, which significantly improved network performance and cross-chain compatibility, this means more application scenarios can be implemented, and user experience will also be better.

Second, from a market perspective, the recent BTC rally has driven the overall bullish sentiment in the crypto market, and funds are clearly flowing back into the public chain sector. As a leading project among second-tier public chains, assets like AVAX actually have room for a rebound. Many people were optimistic before but didn't follow through; now there's an opportunity.

The last point is something many might overlook—policy environment. The US government has a relatively friendly attitude towards crypto, and regulatory frameworks are gradually being clarified. This is a long-term positive for the valuation recovery of public chain assets like AVAX, and risk premiums are expected to decrease. Overall, AVAX is indeed quite interesting at this stage.