{"id":254187,"date":"2022-08-28T08:00:30","date_gmt":"2022-08-28T02:30:30","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=254187"},"modified":"2022-08-27T15:36:04","modified_gmt":"2022-08-27T10:06:04","slug":"can-avalanche-reaching-ath-in-monthly-transactions-do-some-good-for-ailing-avax","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/can-avalanche-reaching-ath-in-monthly-transactions-do-some-good-for-ailing-avax\/","title":{"rendered":"Can Avalanche reaching ATH in monthly transactions do some good for ailing AVAX"},"content":{"rendered":"<p>Avalanche [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 <a href=\"https:\/\/twitter.com\/_PatrickSutton\/status\/1562525243414958080?s=20&amp;t=lGUP335VHRigqCMxvaBOhQ\">tweet<\/a>, Sutton confirmed that Avalanche completed 32.7 million transactions in August with seven days to spare.<\/p>\n<figure id=\"attachment_254189\" aria-describedby=\"caption-attachment-254189\" style=\"width: 1310px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Fa8zx-bWQAAg_Tj.jpeg\"><img decoding=\"async\" class=\"wp-image-254189 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Fa8zx-bWQAAg_Tj.jpeg\" alt=\"\" width=\"1310\" height=\"766\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Fa8zx-bWQAAg_Tj.jpeg 1310w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Fa8zx-bWQAAg_Tj-300x175.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Fa8zx-bWQAAg_Tj-1024x599.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/Fa8zx-bWQAAg_Tj-768x449.jpeg 768w\" sizes=\"(max-width: 1310px) 100vw, 1310px\" \/><\/a><figcaption id=\"caption-attachment-254189\" class=\"wp-caption-text\">Source: Patrick Sutton\/ Twitter<\/figcaption><\/figure>\n<p>A day later, the transactions had ramped up to 33.2 million as <a href=\"https:\/\/twitter.com\/avaxholic\/status\/1563160725970857984?s=20&amp;t=zaEMcS8AqaotQW_AWjg14Q\">confirmed<\/a> 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.<\/p>\n<h3>Avalanche goes on a roll!<\/h3>\n<p>Avaxholic also posted a <a href=\"https:\/\/twitter.com\/avaxholic\/status\/1563133518552911872?s=20&amp;t=jaSZbWQqui0LtxXVAZsPzg\">tweet<\/a> 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%.<\/p>\n<figure id=\"attachment_254190\" aria-describedby=\"caption-attachment-254190\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-scaled.jpeg\"><img decoding=\"async\" class=\"wp-image-254190 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-scaled.jpeg\" alt=\"\" width=\"2560\" height=\"1440\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-1024x576.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-768x432.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-1536x864.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/FbFb6sOagAgCbao-2048x1152.jpeg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-254190\" class=\"wp-caption-text\">Source: Avaxholic<\/figcaption><\/figure>\n<p>Data also <a href=\"https:\/\/twitter.com\/avaxholic\/status\/1563160725970857984?s=20&amp;t=zaEMcS8AqaotQW_AWjg14Q\">confirms<\/a> 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.<\/p>\n<p>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.<\/p>\n<p>The <a href=\"http:\/\/ambcrypto.com\/gamefi-slows-down-but-avalanche-shows-signs-of-resurgence-heres-why\/\">latest<\/a> data surrounding the GameFi industry has raised questions for Avalanche of late. According to\u00a0<a href=\"https:\/\/twitter.com\/AvaxholicGG\/status\/1561569698097266688?s=20&amp;t=qbf6QljgkdfVnzz3IGerwA\" data-wpel-link=\"external\">DappRadar<\/a>, GameFi addresses witnessed a significant rise to 1.5 million in the second half of 2021, then declined gradually to around one million.<\/p>\n<p>In retrospect, this is a much better performance as compared to DeFi address performance in the same period. It simply means that the GameFi industry has matured and can still retain users in the downtrend.<\/p>\n<h3>What now for AVAX?<\/h3>\n<p>Avalanche&#8217;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.<\/p>\n<p>It has also diminished the weekly gains which now stand at -10.09% according to CoinMarketCap. The crypto market has reacted woefully to Powell&#8217;s recent speech and AVAX&#8217; performance is another reaction to it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avalanche [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 tweet, Sutton confirmed that Avalanche completed 32.7 million transactions in August with seven days to spare. A day later, the transactions had ramped up<a href=\"https:\/\/ambcrypto.com\/can-avalanche-reaching-ath-in-monthly-transactions-do-some-good-for-ailing-avax\/\">Continue reading <span class=\"sr-only\">&#8220;Can Avalanche reaching ATH in monthly transactions do some good for ailing AVAX&#8221;<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":254188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-254187","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Can Avalanche reaching ATH in monthly transactions do some good for ailing AVAX - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Avalanche [AVAX] has reached another milestone recently despite the drawdown from Jerome Powell. 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