Avalanche Breaks Records: Daily Transactions Soar Past 1 Million in Massive Surge!
Jakarta, Pintu News – Activity on the Avalanche network recorded a significant increase, with over 1.2 million transactions in a day. This increase was mainly driven by the use of stablecoins, with most transactions being under $10.
A major update last December, known as Avalanche9000, has cut transaction fees by more than 90% and improved aspects of decentralization and regulatory compliance.
Avalnche Network Activity Surges with 1.2 Million Transactions
According to Sherwood, Avalanche’s network activity is experiencing rapid growth. The network’s main blockchain recorded more than 1.2 million transactions on Monday (16/6), a sharp jump from last year’s 100,000 to 250,000 transactions per day, according to data from the Artemis platform.
Most of this transaction activity came from stablecoins, according to a Tuesday report from blockchain analytics firm CoinMetrics.
The report states, “Most of the growth came from small-value transfers under $10, with the majority being in the $5 to $10 range.”
Avalanche’s daily transaction count surpassing 1 million came after a December network upgrade called Avalanche9000. This upgrade was the largest since the launch of the Avalanche mainnet, and managed to lower transaction fees on the blockchain by more than 90%.
Furthermore, the update also includes various fixes to improve decentralization as well as regulatory compliance, according to a blog post from the Avalanche development team.
Key Drivers of Avalanche Transaction Increase
One of the factors for Avalanche’s increased transaction count so far this year comes from the smart contracts used by the decentralized exchange aggregator.
In the world of decentralized finance , liquidity is spread across multiple on-chain exchanges, where cryptocurrency prices can vary by platform. Aggregators help traders find the best price by combining such dispersed liquidity.
The launch of the NFT MapleStory Universe game in May is also thought to have helped drive transaction activity.
“The timing of MapleStory’s launch coincided with a spike in transactions and the number of active addresses on the Avalanche C-Chain. While a direct relationship cannot be confirmed, the parallel increase in the number of USDC transfers likely reflects the process of new users entering the ecosystem,” the report said.
AVAX faces challenges despite increasing Avalanche transactions
Luigi D’Onorio DeMeo, Chief Strategy Officer at Ava Labs-the development company of Avalanche-also highlighted meme coin trading activity as a contributing factor.
Read also: Is History Repeating? Dogecoin’s ADX Sparks Rumors of $4.5 ‘Explosive’ Surge!
“Trading meme coins helps attract outside liquidity and reach a specific retail audience,” DeMeo told Sherwood News.
He added that meme coin trading “is an effective initial channel to introduce users to the various gaming and DeFi activities taking place at Avalanche.”
Although Avalanche saw an increase in the number of transactions, the price of its native token, AVAX, did not show a similar growth trend. The value of the crypto actually fell by 8% on June 17 and dropped by about 34% compared to June last year.
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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Sherwood News. Avalanche’s Activity Spikes to Over 1 Million Daily Transactions. Accessed on June 18, 2025
- The Block. Avalanche Transactions Top 1 Million Amid ERC-404 Minting Frenzy. Accessed on June 18, 2025
