- Avalanche’s daily transaction count hit 1.2 million in the last 24 hours, the highest in four months.
- Stars Arena was the highest ranked dApp on the Avalanche network in terms of users and transactions.
Avalanche [AVAX] experienced a dramatic surge in its network activity in recent days, with most key performance indicators swinging to the north.
Read AVAX’s Price Prediction 2023-24
Spike in on-chain transactions
According to Avalanche Explorer, transactions across all subnets jumped nearly 50% since the start of the week. In fact, the daily count on 4 October hit 1.2 million, the highest in four months. With a jump in transactions, the gas usage also spiked
Popular on-chain analyst Patrick Scott attributed Avalanche’s increased network traffic to the recently launched decentralized social app Stars Arena. Indeed, his assertions were corroborated by data fetched from DappRadar.
Super ‘Stars’ in the making?
Since its launch at the tail end of September, the protocol has seen a parabolic increase in transaction count and volume. Stars Arena processed over 248,000 transactions in the last 24 hours, a 9X jump since its launch date, and more than tripled in the last two days.
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Author: Aniket Verma
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