Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

2025-05-23

Introduction of .Brave: The official domain for 86m+ brave users

2025-05-23

Making profit when Bitcoin new all time is high is it time to act?

2025-05-23
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-23

    VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

    2025-05-22

    Not ECDSA. Not schnorr. Meet Dahlias.

    2025-05-22

    Alchemy Pay and Story Partner to simplify Fiat OnRamps for IP blockchain users

    2025-05-22

    Sophon reveals ZKTLS-based social oracle to integrate private web2 data

    2025-05-22
  • NFT

    Hashrate Hackers introduces Ordinals NFT collections supported by Bitcoin Hashrate

    2025-05-22

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The world’s largest crypto exchange by trade volume Binance adds support for Trump-linked World Liberty Financial Stablecoin

    2025-05-23

    XRP price to see 64,000% rally up to $ 1,700? Analysts reveal at the end of year forecasts

    2025-05-23

    Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

    2025-05-22

    Bitcoin on a confirmed breakout after reaching new all time high, says analyst Kevin Svenson-Hier is his prospects

    2025-05-22

    XRP price consolidates before the launch – is an outbreak on the horizon?

    2025-05-22
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Avalanche sees record 577,000 daily Txns powered by new social platform Stars Arena
Blockchain

Avalanche sees record 577,000 daily Txns powered by new social platform Stars Arena

2023-10-08No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Avalanche recently recorded nearly 577,000 transactions in a single day, marking the highest value since May, amid the rise of Stars Arena, a new social platform.

Blockchain reporter Colin Wu was the first to draw attention to the development. Wu confirmed that Avalanche recorded 577,000 daily transactions on October 4, fueled by growing interest in Stars Arena, a blockchain-based social protocol that draws inspiration from friend.tech.

On October 4, the number of transactions on the Avalanche chain reached 577,000, the highest in the past quarter. This was mainly due to the launch of Star Arena, a friend-tech-like social software. In the last 24 hours, the number of transactions on Star Arena reached 454,000,…

— Wu Blockchain (@WuBlockchain) October 5, 2023

According to Wu, Stars Arena had recorded a whopping 454,000 transactions in the past 24 hours. Moreover, the number of active addresses linked to the social application had increased to 12,000 during the same period.

However, due to growing interest in the platform, these figures have increased since the disclosure. Per current dates brought to you by Artemis, Stars Arena now boasts 476,124 transactions in the last 24 hours, with an impressive 21% increase in one day.

Star Arena Stats

Additionally, active addresses have skyrocketed 63.71% to 12,139 over the past day. Interestingly, Stars Arena contributed to the majority of gas consumption on Avalanche, with $22,470 worth of gas.

Further data from Artemis substantiates Wu’s revelation regarding the record trades on Avalanche. Notably, daily transactions on Avalanche have increased since the end of September, from 143.17K on September 23 to 576.57K on October 4.

See also  Critics can’t stop NFTs from becoming a mainstay of daily life

Avalanche daily transactions

Active addresses every day the Avalanche blockchain have also risen sharply since the last week of September. These addresses rose to 41.77K on October 4, which is the highest figure seen on the network since August 31.

Avalanche daily active addresses

The rise of Stars Arena

Stars Arena emerged in late September as a social hub where users can express their interests through content creation. Like other SocialFi platforms, it offers tokens (STAR) as rewards, which users can use for premium benefits or trade on various exchanges.

Since its inception less than a month ago, Stars Arena, initially launched as StarShares on Avalanche, has made waves, with transaction volume exceeding $1.7 million as of October 4.

DappRadars facts highlights its position as the leader in unique active wallets on the Avalanche network, supported by a transaction volume of $1.33 million and a substantial smart contracts balance of $1.06 million.

Stars Arena is the latest in a long line of a newly emerging class of blockchain-based protocols called SocialFi platforms. These protocols include Solana-based Friendzy, friend.tech from Base and Arbitrum’s PostTech.

Source link

arena Avalanche Daily Platform Powered Record Sees Social stars Txns
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

2025-05-23

VELO works together with Paxos to redefine the infrastructure of the Stablecoin payments

2025-05-22

Solana Memecoin on average daily volume rises 46% in May, which, following Bitcoin’s recovery, following Bitcoin

2025-05-22

Not ECDSA. Not schnorr. Meet Dahlias.

2025-05-22
Add A Comment

Comments are closed.

Top Posts

These key ETH sightings could be crucial to your next market move

2023-05-22

Ec³ joins peaq Ecosystem and encourages the use of solar energy

2024-04-07

Trader Says There Will Be a ‘Great Altcoin Run’ in the Coming Weeks and Months – Here’s Why

2024-12-28
Editors Picks

Ripple CLO says that the case will be withdrawn by SEC in 2025 under Atkins

2025-01-29

Is a new highlight within reach?

2024-10-31

Founder of Chainlink discusses our crypto policy and linking to tokenization by the network

2025-04-13

The Best Free NFT Giveaways and Airdrops for October 2024

2024-10-03
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

Introduction of .Brave: The official domain for 86m+ brave users

Making profit when Bitcoin new all time is high is it time to act?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%
  • bitcoinBitcoin(BTC)$110,422.60-0.12%
  • ethereumEthereum(ETH)$2,651.881.61%
  • tetherTether USDt(USDT)$1.00-0.02%
  • rippleXRP(XRP)$2.420.78%
  • binancecoinBNB(BNB)$683.320.50%
  • solanaSolana(SOL)$180.372.50%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2425701.84%
  • cardanoCardano(ADA)$0.812.40%
  • tronTRON(TRX)$0.2731790.29%
  • suiSui(SUI)$3.82-5.40%
  • hyperliquidHyperliquid(HYPE)$35.0515.09%
  • chainlinkChainlink(LINK)$16.591.94%
  • avalanche-2Avalanche(AVAX)$24.963.88%
  • stellarStellar(XLM)$0.3003471.03%
  • shiba-inuShiba Inu(SHIB)$0.0000152.04%
  • bitcoin-cashBitcoin Cash(BCH)$437.635.60%
  • hedera-hashgraphHedera(HBAR)$0.2025991.17%
  • unus-sed-leoUNUS SED LEO(LEO)$8.86-0.04%
  • the-open-networkToncoin(TON)$3.130.01%
  • polkadotPolkadot(DOT)$4.912.42%
  • litecoinLitecoin(LTC)$99.771.73%
  • moneroMonero(XMR)$392.06-0.86%
  • bitget-tokenBitget Token(BGB)$5.789.96%
  • pepePepe(PEPE)$0.00001510.83%
  • piPi(PI)$0.79-4.78%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.06%
  • uniswapUniswap(UNI)$6.421.77%
  • bittensorBittensor(TAO)$458.95-2.84%
  • aaveAave(AAVE)$254.341.11%
  • nearNEAR Protocol(NEAR)$3.033.54%
  • aptosAptos(APT)$5.818.34%
  • ondo-financeOndo(ONDO)$1.011.19%
  • okbOKB(OKB)$52.83-0.29%
  • kaspaKaspa(KAS)$0.114524-0.41%
  • internet-computerInternet Computer(ICP)$5.612.68%
  • ethereum-classicEthereum Classic(ETC)$19.450.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.54-6.39%
  • gatechain-tokenGateToken(GT)$21.930.56%
  • render-tokenRender(RENDER)$5.164.81%
  • crypto-com-chainCronos(CRO)$0.0989160.05%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2494370.54%
  • vechainVeChain(VET)$0.0302161.31%
  • mantleMantle(MNT)$0.761.52%
  • ethenaEthena(ENA)$0.4169882.88%
  • worldcoin-wldWorldcoin(WLD)$1.5321.60%
  • usd1World Liberty Financial USD(USD1)$1.00-0.13%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.9010.09%
  • arbitrumArbitrum(ARB)$0.4241670.99%