Avalanche reaches a new milestone and breaks records. The daily consumption of gas (ATH) has in fact reached a new milestone on the blockchain; and currently, nothing seems to be able to stop it. Is this the start of a new era for cryptocurrencies?
Avalanche, towards new horizons
The cryptocurrency ecosystem surprises a little more every day and nothing seems to be able to stop it from developing. In any case, it is not Avalanche who says otherwise. The year got off to a pretty bad start for digital assets. However, blockchains are coming together and getting back on their feet. Indeed, the numbers on Avalanche are astounding.
According to the data, the daily gas consumption (ATH) has been reached. record during the month of August. This can also be considered a high level of activity on the platform. What caused this influx, certainly the updates and announcements related to the development of Avax.
If the second quarter has not been favorable to him, the third quarter promises to be quite glorious. Currently, Avalanche holds the greatest financial value, obviously for TVL, on a grid per unit of energy used. Indeed, in terms of sustainability, the network ranks as the best blockchain ahead of Bitcoin.
The great contribution of GameFi developments
Transaction metric on Avalanche hit 1.5 million on the chart on August 9th. For this reason, the blockchain has been on record for a long time. However, if ATH has seen a sharp rise recently, it is partly due to the developments at GameFi.
In fact, the second quarter of the year 2022 was not conducive to AVAX as it shifted game development to subnets. However, everything seems to have returned to normal since the blockchain launched two new games on the mainnet.
Among others, Games of Technique and Adventure. According to a recent update, GameFi has gained huge social media volume on Google Trend. All of this would, in a sense, underpin the increase in HUD on Avalanche. In a causal relationship, the evolution of DeFi games could possibly lead to mass adoption of the platform.
The avalanche is gradually recovering from the downtrend. In fact, despite the impressive activities, the token doesn’t look good. It was still trading at $ 27.42 last week and is currently hovering around $ 22.66. As a result, despite a 0.50% rise in the past 24 hours, the token struggles to find its resistance.
Get a summary of news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
The world is changing and adaptation is the best weapon to survive in this undulating universe. As the crypto community manager at the base, I am interested in anything directly or indirectly related to the blockchain and its derivatives. To share my experience and introduce a field that fascinates me, nothing better than to write informative articles and relax at the same time.