Avalanche, weekly transaction count up 66%…gains momentum from institutional adoption and ETF expectations
Suehyeon Lee
Summary
- Reported that Avalanche (AVAX)'s transaction count surged by more than 66% compared to last week.
- Said that the U.S. government's adoption of Avalanche technology and new ETF filings have greatly improved investor sentiment.
- Reported that a total of 11,900,000 transactions occurred across 181,300 active addresses.
Avalanche (AVAX) saw a significant increase in transaction count this week.
On the 30th (local time), according to Nansen data cited by Cointelegraph, Avalanche's transaction count surged by more than 66% compared to last week, recording a total of 11,900,000 transactions across 181,300 active addresses.
The outlet said, "Recently the U.S. government adopted Avalanche technology, and new ETF filings tied to the Avalanche token have followed, greatly improving investor sentiment."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)