
Jakarta, Pintu News – This year, Avalanche has recorded a significant increase in activity with smart contracts totaling more than 44 million, according to Routescan. This increase shows the great interest from developers and users in the blockchain platform.
In the past year, the number of smart contracts deployed on Avalanche has more than tripled. This indicates that Avalanche is getting more and more attention from developers who want to utilize blockchain technology for various applications.
Smart contracts themselves are pieces of code that operate automatically when triggered by certain conditions, allowing transactions and applications to run without the need for intermediaries. The increase in the number of smart contracts not only shows the increase in usage volume, but also the quality and security offered by Avalanche.
As the platform matures, developers will have more freedom to create secure and efficient decentralized apps, games, and financial tools.
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Avalanche also recorded a strong performance in the decentralized finance sector. Based on on-chain analysis, the Avalanche network managed over $2.2 billion in trading volume on decentralized exchanges (DEXs) in just three days. This was the most active week for the ecosystem, signaling Avalanche’s strategic position in the global DeFi market.
This achievement confirms Avalanche’s position as one of the key players in the blockchain industry, with the ability to handle large transactions quickly and securely. This growth also attracts more investors and users into the Avalanche ecosystem, which in turn increases the value and utility of the network.
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Meanwhile, Avalanche’s native token, AVAX, is currently trading at $30.01. This represents a decline of 3.84% today. However, the token has seen a 4% increase this week, with a market capitalization of $12.67 billion. These price fluctuations are part of the broader market dynamics, where investors and users are responding to the latest developments in the Avalanche ecosystem.
Despite today’s price drop, the long-term outlook for AVAX remains positive. With continued growth in smart contract usage and DeFi activity, AVAX is expected to continue to attract interest as an investment asset and transaction tool within the Avalanche ecosystem.
The dramatic increase in the number of smart contracts and DeFi activity shows that Avalanche is on the right track towards wider adoption. By continuing to drive innovation and strengthen infrastructure, Avalanche is poised to become one of the world’s leading blockchain platforms.
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*Disclaimer
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.
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