Avalanche is on a roll.
What do I mean by that?
Simple, let's just analyze what's been going on recently and look at the facts 🧵
#AVAX #Subnets #Avalanche
What do I mean by that?
Simple, let's just analyze what's been going on recently and look at the facts 🧵
#AVAX #Subnets #Avalanche
Let's remember that @avalancheavax processed +60 million transactions in September, which is more than 50% during the month of August.
Transaction volumes on Avalanche have now reached new highs due to the growth of its #DFK subnet.
Transaction volumes on Avalanche have now reached new highs due to the growth of its #DFK subnet.
According to recent reports, subnets drove significant transactional volume on Avalanche during the third quarter.
DFK processed +1M transactions per day. In comparison, the C-chain saw between 120,000 and 240,000 transactions per day.
DFK processed +1M transactions per day. In comparison, the C-chain saw between 120,000 and 240,000 transactions per day.
It's important to have into consideration that on September 29, Avalanche released its Banff upgrade, paving the way for "Elastic Subnets," or subnets that allow developers more flexibility.
Many days later to this announcement, a considerable amount of users became interested in Avalanche, signaling an increase in the number of new active wallets.
Avalanche contributions are intended to improve the performance of smart contracts, which are the foundation of all blockchain-based projects.
The TVL of AVAX has increased by approximately +3% in the last 4 days from $120 million to roughly $124 million.
On 21 November, Avalanche tweeted that it marked a significant increase in total transactions, increased by over 1,500% since last year.
On 21 November, Avalanche tweeted that it marked a significant increase in total transactions, increased by over 1,500% since last year.
https://twitter.com/avalancheavax/status/1594708012534571008
Over the previous year, the network's daily and monthly user bases increased significantly. Despite a recent decrease in the last few weeks, the number was still higher than what was available in the last year.
The increased daily transaction volume could also be attributed to the network's recent surge in user enthusiasm for NFTs.
On November 19, AVAX Daily published the weekly statistics. According to the update, AVAX's TVL has reached +$270M AVAX.
The overall number of validators in Avalanche was 1,305, while the total number of subnets remained at 29.
The overall number of validators in Avalanche was 1,305, while the total number of subnets remained at 29.
https://twitter.com/AVAXDaily/status/1593719375877611520
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