Merit Circle DAO, a gaming-focused crypto group, launched its new Beam network on Avalanche in August 2023. Now, the subnet appears to be gaining traction, as its BEAM token has surged 36% in the past day and 25% in the past week, according to CoinGecko data.

At time of writing, BEAM sits at a price of roughly $0.022, nearing its all-time high price of $0.027 seen on December 14.

The Beam subnet has also seen a spike in total transactions on its network since mid-December, reaching a new all-time high of over 103,000 transactions on Wednesday, per Avalanche network data. And over half a million total wallet addresses have engaged with Beam’s blockchain since its launch.

Last month, the team behind the Beam blockchain also added the Polygon-powered Immutable zkEVM blockchain to its list of compatible chains for its Sphere NFT marketplace a

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Author: Kate Irwin

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