Avalanche reaches new milestone and breaks records. Indeed, Daily Gas Consumption (ATH) has reached a new milestone on the blockchain; and right now it seems that nothing can stop him. Is this the beginning of a new era for cryptocurrencies?
Avalanche, forward to new horizons
The crypto ecosystem surprises more and more every day and nothing seems to be able to stop its development. In any case, it’s not the Avalanche who will say otherwise. The year started off pretty bad for digital assets. However, blockchains are picking themselves up and getting back on their feet. Indeed, the numbers on the Avalanche are staggering.
According to the data, the daily gas consumption (ATH) has been reached. records during the month of August. This can also be considered a high level of activity on the platform. Why this influx, certainly updates and announcements related to the development of Avax.
If the second quarter did not favor him, the third quarter promises to be quite glorious. Currently, Avalanche has the highest financial value, of course for TVL, on the network per unit of energy consumed. Indeed, in terms of sustainability, the network ranks as the best blockchain ahead of Bitcoin.
Great contribution to the development of GameFi
The transaction metric on Avalanche reached 1.5 million on the August 9 chart. This is why blockchain has been holding the record for a long time. However, if ATH has recently seen a strong increase, it is partly due to the development of GameFi.
Indeed, the second quarter of 2022 was not kind to AVAX as it moved game development to subnets. However, everything seems to be back to normal since the blockchain launched two new games on the mainnet.
Among others, techniques and adventure games. According to a recent update, GameFi has gained massive social volume on Google Trend. All of that would be behind the HUD increase on the Avalanche in some way. Causally, the evolution of DeFi games could possibly lead to mass adoption of the platform.
Avalanche is gradually recovering from the downward trend. Indeed, despite the impressive activities, the token is not looking good. It was still trading at $27.42 last week and is currently hovering around $22.66. As a result, despite rising 0.50% in the last 24 hours, the token is struggling to find resistance.
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The world is changing and adaptation is the best weapon to survive in this wavy universe. As a manager of the crypto community at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and spread the word about a field that fascinates me, nothing better than writing informative and relaxed articles at the same time.
