Blockchain Avalanche smart nodes recorded a fixed boom in Blockchain activity, where analysts refer to increased decentralized trading activities and re -encryption whale speculation about the upcoming emerging microbial.
The growth of transactions in Avalanche exceeded all other Blockchains last week, increasing by 66 % to 11.9 million transactions through more than 181,000 active addresses, indicating an increased invested mind with a focus on Blockchain.
This teacher has yet happened to the US Department of Trade, which adopted Avalanche, along with nine other public non -central groups, to publish its real GDP (GDP), according to Cointegraph on August 29.
Despite the increasing institutional and governmental adoption in Avalanche, we cannot at this stage attribute this to the United States government that adopts Avalanche for its gross domestic product data, “according to Nikolai Sondargard, a research analyst on the Nansen Covering platform.
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“Increased transactions driven by: 60 % of the activity of the Defi (Trader Joe, AAVE, Benqi), 25 % of the coronary robots and mev, and 10 % whale trading and Memecoin (…).”
Research analyst has explained that an additional 5 % of the Blockchain activity is attributed to Blockchain games and non -violating symbols (NFTS).
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Dex Trading, “High Balance” pushed the majority of Blockchain Avalanche: Nansen
Currency trading on decentralized stock exchanges led to the lion’s share of Blockchain activity in Avalanche, where the trader Joe Dix was the “primary driver”, which has witnessed more than $ 333 million of the file size of the file (Weth.e) during the past seven days.
“The main players” who was leading this activity included merchants at the best 100 leaders in Nansen, who traded multiple six numbers, explained Sondergaard.
AAVE lending protocol was the second -value value of $ 624,000 through DeX complexes, while Benqi protocol grew to be another important driver, after receiving deposits of more than $ 650,000 of cryptocurrency trading robots.
Automated trading activities and “high balance” headlines pushed the whale to the rest of the Blockchain activity, with a distinctive black code (black) $ 14 million in trading volume, with multiple whale addresses of up to $ 95,000 of the distinctive symbol.
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Looking at one of the main competitors at Avalanche, Solana Blockchain witnessed a decrease of 6.7 % in weekly transactions, and 433 million prominent transactions in 18.9 million active titles, Nanson Data appears.
Like Avalanche, Dex Trading led the majority of Blockchain activity, including Raydium Dex with 12.4 million users and 297 million transactions, followed by Fluxbeam Dex with 7.3 million users and 178 million transactions.
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