{"id":294000,"date":"2023-01-31T16:59:38","date_gmt":"2023-01-31T16:59:38","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=294000"},"modified":"2023-01-31T16:59:38","modified_gmt":"2023-01-31T16:59:38","slug":"avalanche-network-records-3-4-growth-in-q4-2022","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/avalanche-network-records-3-4-growth-in-q4-2022\/","title":{"rendered":"Avalanche network records 3.4% growth in Q4 2022"},"content":{"rendered":"<p>The Avalanche (<a href=\"https:\/\/cryptoslate.com\/coins\/avalanche\/\">AVAX<\/a>) network remained intact and continued its growth through the fourth quarter of 2022, according to recent research from Messari.<\/p>\n<p>Several subnet upgrades were launched during this period while the average daily transaction number increased, according to Messari's <a href=\"https:\/\/messari.io\/report\/state-of-avalanche-q4-2022?utm_source=twitter_jamestrautman&utm_medium=organic_social&utm_campaign=state_of_avalanche_q4_2022\">report<\/a>.<\/p>\n<h2>Transactions and users<\/h2>\n<p>The average active daily addresses recorded a 3.4% growth from 2022 Q3's 46,460 and increased to 48,023 on Dec.31, 2022. This number also indicates a 34.7% year-over-year growth.<\/p>\n<p>Even though the active daily addresses remained relatively flat, the number of average daily transactions spiked to 2.9 million, marking an 84.6% increase from the 1.5 million recorded in 2022 Q3. The year-over-year growth in the number of daily transactions was also calculated as 514.8%.<\/p>\n<figure id=\"attachment_294033\" aria-describedby=\"caption-attachment-294033\" style=\"width: 1644px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-294033 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-31-at-17.10.39.png\" alt=\"Avalanche daily transactions\" width=\"1644\" height=\"916\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-31-at-17.10.39.png 1644w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-31-at-17.10.39-300x167.png 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-31-at-17.10.39-1024x571.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-31-at-17.10.39-768x428.png 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-31-at-17.10.39-1536x856.png 1536w\" sizes=\"(max-width: 1644px) 100vw, 1644px\" \/><figcaption id=\"caption-attachment-294033\" class=\"wp-caption-text\">Avalanche daily transactions<\/figcaption><\/figure>\n<p>The chart above provides a detailed representation of the average daily transactions since the beginning of 2022. The data shows that Avalanche's <a href=\"https:\/\/avascan.info\/blockchain\/dfk\/home#chain-overview\">DFK<\/a> and <a href=\"https:\/\/avascan.info\/blockchain\/stepnetwork\/home#chain-overview\">StepNetwork<\/a> subnets started to facilitate the majority of daily transactions as soon they were launched in 2022 Q1 and 2022 Q3, respectively<\/p>\n<p>With the stable number of active addresses and an increasing number of daily transactions, the number of average transactions per second also increased from 2022 Q3's 18 to 33 in Q4, indicating an 84.6% increase.<\/p>\n<h2>Subnets<\/h2>\n<p>The Avalanche team also launched two subnets and two subnet upgrades in the final quarter of 2022. Subnets <a href=\"https:\/\/avascan.info\/blockchain\/dexalot\/home#chain-overview\">Dexalot<\/a> and <a href=\"https:\/\/avascan.info\/blockchain\/xanachain\/home#chain-overview\">XanaChain<\/a> were launched on Sept. 30, 2022, and Nov. 18, 2022, respectively.<\/p>\n<p>On Oct. 20, the <a href=\"https:\/\/avaxholic.com\/banff-the-latest-version-avalanchego-launches-elastic-validation-on-avalanche-mainnet\/\">Elastic Validation<\/a> upgrade was launched on Avalanche Mainnet. This upgrade allowed anyone to become a subnet validator by staking the subnet token by permitting creators to activate PoS validation and rewards using their own subnet tokens.<\/p>\n<p>On Dec.22, Avalanche Warp Messaging (<a href=\"https:\/\/twitter.com\/el33th4xor\/status\/1606015195519729665\">AWM<\/a>) was released across the network, which allowed all subnets to communicate with one another. This eliminated the necessity of building individual bridges by projects who want to transfer assets or data between subnets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Avalanche (AVAX) network remained intact and continued its growth through the fourth quarter of 2022, according to recent research from Messari. Several subnet upgrades were launched during this period while the average daily transaction number increased, according to Messari&#8217;s report. Transactions and users The average active daily addresses recorded a 3.4% growth from 2022 [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":294037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120,37,76736],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Avalanche network records 3.4% growth in Q4 2022<\/title>\n<meta name=\"description\" content=\"Avalanche ended 2022 with significant subnet improvements and an increased number of daily transactions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/avalanche-network-records-3-4-growth-in-q4-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche network records 3.4% growth in Q4 2022\" \/>\n<meta property=\"og:description\" content=\"Avalanche ended 2022 with significant subnet improvements and an increased number of daily transactions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/avalanche-network-records-3-4-growth-in-q4-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-31T16:59:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/avalanche.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/avalanche-network-records-3-4-growth-in-q4-2022\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/avalanche-network-records-3-4-growth-in-q4-2022\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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