Avalanche Transaction Growth Exceeds Other Blockchain Networks
The transaction growth of Avalanche has surpassed that of all other blockchain networks, indicating a significant increase in investor interest in the smart contract blockchain. This growth is also reflected in the increasing adoption of the network by governments. As a blockchain designed to improve scalability and usability, Avalanche has developed into one of the fastest-growing blockchain networks.
According to data from the crypto intelligence platform Nansen, transactions on Avalanche rose by over 66% last week, exceeding 11.9 million transactions across 181,300 active addresses. This surge in transactions can be attributed to the increased adoption of the Avalanche (AVAX) token, catalyzed by the recent implementation of state-based funds and the introduction of exchange-traded funds (ETFs) around the altcoin.
Source: Nansen
The US Department of Commerce announced on Thursday that it will publish Gross Domestic Product (GDP) data on decentralized blockchains, including Avalanche. Starting with data from July 2025, GDP reports will be published on nine public blockchain networks, including Bitcoin, Ethereum, Avalanche, Solana, Tron, Stellar, Arbitrum One, Polygon POS, and Optimism.
Government Adoption of Blockchain Technology
The Department of Commerce described this move as a “groundbreaking effort” that demonstrates the broad benefits of blockchain technology. This initiative serves as proof-of-concept for the entire government to build on the US President’s vision of making the USA a “blockchain capital of the world”. The publication of economic data on the blockchain will make these reports “unchangeable”, according to US Minister of Trade Howard Lutnick.
An extract from the front page of the S-1 for Grayscale Avalanche Trust (AVAX). Source: SEC
Luigi d’Onorio DeMeo, Chief Strategy Officer at AVA Labs, the company behind the development of Avalanche, attributes the increasing activity to the organic growth of Layer-1 (L1) blockchains and decentralized finance (DeFi) activities. “It refers to the growth of additional Avalanche L1s, the new growth in relation to transactions in relation to the Avalanche C chain, in connection with the growth of payments of stable coins and DeFi, in connection with payments, in connection with the growth of avalanche,” he compared to Cointelegraph.
Investor Interest and Transaction Growth
Other potential developments that catalyze investor interest include the updated S-1 submission of a spot Avalanche exchange-traded fund from crypto investment firm Grayscale, which was filed with the US Securities and Exchange Commission on Friday. The transactions on Starknet rose by 37%, while the Viction network expanded by over 35%, taking second and third place, respectively.
US-BIP-Hash on nine public blockchains. Source: Commerce.gov
Blockchain and Economic Data
The publication of economic data on the blockchain will make these reports “unchangeable” and globally accessible, according to Minister Lutnick. This move consolidates the US role as a blockchain capital of the world, making America’s economic truth unchangeable and accessible. For more information, visit https://cointelegraph.com/news/avalanche-transaction-growth-gdp-data-etf
