לאַווינע [AVAX] has reached another milestone recently despite the drawdown from Jerome Powell. Ava Labs executive Patrick Sutton confirmed that Avalanche has reached an all-time high in monthly transactions. In his טוויט, Sutton confirmed that Avalanche completed 32.7 million transactions in August with seven days to spare.
Source: Patrick Sutton/ Twitter
A day later, the transactions had ramped up to 33.2 million as באשטעטיקט by Avaxholic. In just three months in 2022, monthly transactions achieved two new all-time highs. That shows the outstanding development of Avalanche in recent times despite market conditions.
Avalanche goes on a roll!
Avaxholic also posted a טוויט showing the growth of Avalanche since the June bottoms. The update shows that Avalanche has shown the biggest growth of transactions on EVM blockchains. At 18.8% Avalanche leads the way among these blockchains with Fantom the closest at 12.6%.
Source: Avaxholic
אויך דאַטן קאַנפערמז other ATHs for Avalanche throughout August with days to spare. Activity has been ramping up on Avalanche which is also reflecting on other data variables as well.
Avalanche-based NFTs also managed to cross 253K sales recently. Avalanche also completed a daily transaction record of 1.64 million transactions. The USDC native supply on the network also peaked at 1.66 million on 25 August.
די לעצט data surrounding the GameFi industry has raised questions for Avalanche of late. According to דאַפּראַדאַר, GameFi אַדרעסעס האָבן אַ באַטייטיק העכערונג צו 1.5 מיליאָן אין דער צווייטער העלפט פון 2021, דערנאָך דיקליינד ביסלעכווייַז צו אַרום אַ מיליאָן.
אין רעטראַספּעקט, דאָס איז אַ פיל בעסער פאָרשטעלונג ווי קאַמפּערד מיט DeFi אַדרעס פאָרשטעלונג אין דער זעלביקער צייט. עס פשוט מיטל אַז די GameFi אינדוסטריע איז מאַטיורד און קענען נאָך ריטיין יוזערז אין די דאַונטרענד.
וואָס איצט פֿאַר AVAX?
Avalanche’s governance token AVAX has seen a major dip in the past 24 hours as alongside to other cryptocurrencies. The 11% dip on the daily chart has brought down AVAX just above the $20 support line.
It has also diminished the weekly gains which now stand at -10.09% according to CoinMarketCap. The crypto market has reacted woefully to Powell’s recent speech and AVAX’ performance is another reaction to it.
Source: https://ambcrypto.com/can-avalanche-reaching-ath-in-monthly-transactions-do-some-good-for-ailing-avax/