Avalanche (AVAX) – The number of transactions explodes by +1500% in a year - cryptocurrency news

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Everything seems to be falling apart at the end of 2022. And no one predicted such an apocalyptic capitulation scenario for the cryptocurrency market. With one failure after another, following the collapse of the ecosystem Terra Classic and more recently of the FTX platform. However, some projects fare better than others. For instance the Avalanche network which has seen its daily transactions increase by 1500% in one year.

It's hard to tell the difference when the crisis hits the majority of investors. To the point of giving the impression of witnessing the end of an entire newly created ecosystem. But it is important to understand that the current catastrophe is mainly related to the centralized part of this digital economy which is supposed to be unstable. And that, in the background, many projects and networks continue to be built and developed. For instance the discrete blockchain Avalanche (AVAX) which just surpassed 450 million daily transactions for the first time.

 

Avalanche – Transactions increased by 1500%.

The Avalanche network is one of those that moves silently but safely, away from the frenzy of communication that can sometimes drown investors. With a solid project based on a strong cryptographic ideology which is sometimes very lacking in the competition. To the point of sometimes giving it a somewhat austere or very "developing" look. But isn't it a good thing when we see the damage that can be caused by a desire for too rapid development, sacrificed to security and decentralization?

And while some networks are suffering, the Avalanche blockchain just passed a major symbolic milestone. Yesterday he announced that he had passed the 450 million cumulative daily transactions. This is a 1507% increase over the past year, day-to-day (YTD). Good news in the current bear market…

" Avalanche surpassed 450 million total transactions today! Exactly one year ago, Avalanche processed nearly 28 million total transactions. Total transactions increased 1507% on Avalanche from November 2021 to November 2022.. "

Avalanche

A reality that does not allow the Avalanche network to be included in the top 5 of current DeFi networks by total value blocked (TVL). For is in 6th placejust behind the 2 Arbitrum layer, with an estimated amount of 792 million dollars according to the Defillama. That is to say, in the current general trend, far (far) away from the December 2021 peak above $12 billion.

With a native AVAX cryptocurrency which shows a price just below the symbolic threshold of 12 dollars yesterday (11,60 dollars). Namely, a -92% drop from its November 2021 all-time high at $145. And it is at this point that investors are divided into two camps, between those who see a failure in progress and those who see a potential opportunity to be seized. Everyone will make and take his choices accordingly…

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