• Following the launch of Stars Arena, Daily Transactions count on Avalanche has climbed to its highest since August.
• AVAX has seen an influx of new demand due to this.

Daily Transactions count on leading open-source proof of stake (PoS) blockchain Avalanche [AVAX] rallied to a high of 577,000 on 4 October, representing its highest level since May, on-chain data sourced from Artemis revealed. 

Read AVAX’s Price Prediction 2023-24

The surge in transaction count came after the launch of blockchain-based social application Stars Arena, which rivals Friend.tech on Avalanche’s C-chain network. 

Due to the influx of new users into the protocol, within two weeks of its launch, the total value of assets locked on Stars Arena has exceeded $1 million. Data from DefiLlama put it at $1.45 million at press time. 

According to data from DappRadar, in the last week, the social application has seen a cumulative count of 6,000 unique active wallets interacting with its smart contracts, making it the protocol on Avalanche with the most active users in the past seven days. 

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Author: Abiodun Oladokun

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