$AVAX price is down, TVL is -$50M, and DEX volume is down 40%

Looks bearish, right?

But on-chain is heating up:

> Active addresses: +221%

> Transactions: +109%

> Fees: $19.5K → $24.3K

> 90% of txn = OpenSea NFTs

NFT sector on AVAX grew 78.1% in 30 days

Narrative shift incoming:

From DeFi capital → NFT culture

From TVL → actual users