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

Bitcoin Bulls Rebound After a short withdrawal to $ 94k – is $ 107k ATH Next?

2025-05-09

Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

2025-05-08

Ethereum’s strike Surge: attracts Pectra more than just retail investors?

2025-05-08
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

    Securitize is at the top of the list, tradable, ONDO, paxos and other dominant players

    2025-05-08

    Solana’s software supports these Layer-1’s

    2025-05-08

    Element goes live on abstract blockchain to power the next generation of modular daps

    2025-05-08

    Camino works together with Lufthansa Systems and Swiss to stimulate innovation in the travel industry

    2025-05-08

    How Plume is planning to scale tokenized real estate to $ 4 trillion by 2035

    2025-05-08
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • 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

    Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

    2025-05-08

    Uniswap (uni) blastoff at hand? The sleeping gigantic awakens for $ 4.6 support

    2025-05-08

    Bitcoin hits $ 101k to reclaim six digits, because Trump confirms us, UK Trade Deal

    2025-05-08

    Crypto Exchange Coinbase adds Gold-Pegged Stablecoin Paxg to the list of route map

    2025-05-08

    XRP is forming bullish reverse dragon head pattern, how high can the price go?

    2025-05-08
  • Learn

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02

    What Are Utility Tokens? Types, Roles, Examples

    2025-04-17

    Real-World-Assets in Crypto, Explained

    2025-04-16
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Avalanche’s Q2 went well – will the trend continue in Q3? 
Altcoins

Avalanche’s Q2 went well – will the trend continue in Q3? 

2023-08-05No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • Nansen’s report highlighted AVAX’s growth in multiple areas such as DeFi, NFTs, gaming, and enterprise. 
  • AVAX’s price action turned bearish last week as it plummeted by over 6%.

Avalanche [AVAX] had a comfortable second quarter as the latest data suggested steady network growth. As per the report, the blockchain’s key metrics gained upward momentum, directly suggesting an uptick in network activity.


Realistic or not, here’s AVAX’s market cap in BTC’s terms   


Continuing the growing trend, the blockchain also witnessed multiple integrations in the month of July. It was also interesting to see that Avalanche’s staking ecosystem grew over the last week, as revealed by AVAX Daily’s tweet. 

Our @avax quarterly report is now out for everyone to read!

tldr: The ecosystem has seen a steady increase in growth, maintained its active community and many exciting partnerships

Read on to learn more… pic.twitter.com/NdzY07ctH1

— Nansen 🧭 (@nansen_ai) August 4, 2023

 

Avalanche network grew in Q2 2023

Nansen recently posted its report on Avalanche’s state in Q2 2023, pointing out its network activity and performance in different spaces such as DeFi and NFT. As per the report, daily transactions on Avalanche during Q2 2023 fluctuated between 200,000 and 550,000 transactions. 

Source: Nansen

This was a massive leap compared to the previous quarter, which was almost double the volume. Daily active addresses have also been steadily increasing throughout the quarter.

On top of that, Avalanche also had significantly lower gas prices throughout Q2 compared to Ethereum [ETH]. In fact, on Ethereum, the average gas fee peaked at $29 on May 6, while the average gas fee on Avalanche did not come close to $1.

Source: Nansen

The Avalanche ecosystem underwent substantial changes as well, particularly in the DeFi, NFT & Gaming, and Enterprise sectors.

See also  Bitcoin Price Breaks Out of the 7-Month Downward Broadening Wedge Pattern to Continue Above $70,000

For example, Gunzilla Games has partnered with Avalanche to launch GUNZ. Struct Finance launched on Avalanche C-Chain, offering a customizable interest rate product, etc. 

Avalanche ecosystem remains active in Q3

The Q3 also witnessed its share of integrations and launches to date, which were optimistic. Avalanche recently posted its July Snow Report. One of the major developments in Avalanche’s DeFi space was the launch of Uniswap [UNI] on the blockchain.

Apart from that, in gaming, a new subnet was launched to support Web3 efforts by Solert Games. Mentioning developments in the NFT space, the Avalanche Park Summer Creative Hang was launched to support the NFT ecosystem with IRL meetups.

July’s Snow Report recapped a record-setting month on Avalanche!

With milestones of 20M+ active addresses & 1M monthly active users for 3 straight months, network usage was lively.

This flurry of activity was reflected in ecosystem developments, too. Some highlights👇 pic.twitter.com/04c0x8zf4L

— Avalanche 🔺 (@avax) August 3, 2023

It was also interesting to note that AVAX’s staking ecosystem registered growth last week. As per AVAX Daily’s tweet, AVAX’s staking ratio increased by more than 60%, while staking rewards shot up by nearly 8% last week.

Moreover, Staking Rewards’ chart revealed that the number of AVAX stakers also went up last week. At press time, Avalanche had a staking ratio of 62.3% and a staking market capitalization of over $3,345,989,799. 

Source: Staking Rewards

A reality check

Though key metric stats improved in Q2, the scenario changed in Q3. As evident from Artemis’ data, Avalanche’s daily active addresses and daily transactions dropped over the last month.

See also  BTC's new addresses continue to decline, threatening a bear season

How much are 1,10,100 AVAXs worth today?   


A similar declining trend was also noted in terms of AVAX’s TVL. The token’s price action was also controlled by bears last week. As per CoinMarketCap, AVAX was down by more than 6% in the last seven days.

At press time, it was trading at $12.33 with a market cap of over $4 billion, making it the 18th largest crypto.

Source: Artemis



Source link

Avalanches continue Trend
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum’s strike Surge: attracts Pectra more than just retail investors?

2025-05-08

The founder of Celsius Alex Mashinsky made a 12-year prison sentence for crypto-fraud

2025-05-08

Why do Democrats quietly support Trump’s controversial crypto plan?

2025-05-08

XRP -price repeating history? 2017-like rally to send the price to $ 10

2025-05-08
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Is Bitcoin Overheating Near $100,000? 3 key areas to pay attention to

2024-11-24

Japanese Tech giants Sony and Line are joining forces in blockchain -deal

2025-03-13

Hong Kong based stablecoin FDUSD goes live on Binance with monthly audits

2023-07-27
Editors Picks

Billionaire Chamath Palihapitiya says new wave of Crypto acquisitions powered by five important trends

2025-04-29

Metaverse Market Report: Key Trends and Growth Projections

2023-10-11

Elon Musk denounces NFTs, but ultimately advocates Bitcoin Ordinals

2023-11-02

Crypto Trader Predicts Massive Rise For Litecoin And Chainlink – Here Are Its Targets

2023-07-05
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

Bitcoin Bulls Rebound After a short withdrawal to $ 94k – is $ 107k ATH Next?

Trump Crypto Advisor picks up $ 300,000,000 for the new Bitcoin (BTC) investment firm called Nakamoto: Report

Ethereum’s strike Surge: attracts Pectra more than just retail investors?

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)$102,710.093.55%
  • ethereumEthereum(ETH)$2,219.9716.78%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.305.12%
  • binancecoinBNB(BNB)$624.972.55%
  • solanaSolana(SOL)$161.736.92%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.1937276.91%
  • cardanoCardano(ADA)$0.767.72%
  • tronTRON(TRX)$0.2542511.57%
  • suiSui(SUI)$3.877.13%
  • chainlinkChainlink(LINK)$15.617.44%
  • avalanche-2Avalanche(AVAX)$22.017.04%
  • stellarStellar(XLM)$0.2918798.55%
  • shiba-inuShiba Inu(SHIB)$0.0000146.59%
  • bitcoin-cashBitcoin Cash(BCH)$416.18-0.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.00%
  • hedera-hashgraphHedera(HBAR)$0.1935795.88%
  • the-open-networkToncoin(TON)$3.203.32%
  • hyperliquidHyperliquid(HYPE)$23.6510.67%
  • litecoinLitecoin(LTC)$94.562.44%
  • polkadotPolkadot(DOT)$4.465.83%
  • moneroMonero(XMR)$298.374.82%
  • daiDai(DAI)$1.00-0.01%
  • bitget-tokenBitget Token(BGB)$4.464.32%
  • piPi(PI)$0.689.15%
  • ethena-usdeEthena USDe(USDE)$1.00-0.09%
  • pepePepe(PEPE)$0.00001123.57%
  • uniswapUniswap(UNI)$6.1819.66%
  • bittensorBittensor(TAO)$423.156.22%
  • aptosAptos(APT)$5.539.53%
  • nearNEAR Protocol(NEAR)$2.7513.85%
  • okbOKB(OKB)$52.341.87%
  • aaveAave(AAVE)$205.0311.24%
  • ondo-financeOndo(ONDO)$0.987.01%
  • ethereum-classicEthereum Classic(ETC)$18.448.00%
  • internet-computerInternet Computer(ICP)$5.208.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.6812.64%
  • gatechain-tokenGateToken(GT)$21.591.42%
  • crypto-com-chainCronos(CRO)$0.0985894.34%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2471218.93%
  • kaspaKaspa(KAS)$0.0976203.39%
  • mantleMantle(MNT)$0.752.40%
  • vechainVeChain(VET)$0.0286119.97%
  • render-tokenRender(RENDER)$4.695.71%
  • usd1World Liberty Financial USD(USD1)$1.000.49%
  • filecoinFilecoin(FIL)$2.947.92%
  • ethenaEthena(ENA)$0.33484612.47%
  • algorandAlgorand(ALGO)$0.2241617.24%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.776.24%
  • bitcoinBitcoin(BTC)$102,710.093.55%
  • ethereumEthereum(ETH)$2,219.9716.78%
  • tetherTether USDt(USDT)$1.00-0.04%
  • rippleXRP(XRP)$2.305.12%
  • binancecoinBNB(BNB)$624.972.55%
  • solanaSolana(SOL)$161.736.92%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.1937276.91%
  • cardanoCardano(ADA)$0.767.72%
  • tronTRON(TRX)$0.2542511.57%
  • suiSui(SUI)$3.877.13%
  • chainlinkChainlink(LINK)$15.617.44%
  • avalanche-2Avalanche(AVAX)$22.017.04%
  • stellarStellar(XLM)$0.2918798.55%
  • shiba-inuShiba Inu(SHIB)$0.0000146.59%
  • bitcoin-cashBitcoin Cash(BCH)$416.18-0.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.871.00%
  • hedera-hashgraphHedera(HBAR)$0.1935795.88%
  • the-open-networkToncoin(TON)$3.203.32%
  • hyperliquidHyperliquid(HYPE)$23.6510.67%
  • litecoinLitecoin(LTC)$94.562.44%
  • polkadotPolkadot(DOT)$4.465.83%
  • moneroMonero(XMR)$298.374.82%
  • daiDai(DAI)$1.00-0.01%
  • bitget-tokenBitget Token(BGB)$4.464.32%
  • piPi(PI)$0.689.15%
  • ethena-usdeEthena USDe(USDE)$1.00-0.09%
  • pepePepe(PEPE)$0.00001123.57%
  • uniswapUniswap(UNI)$6.1819.66%
  • bittensorBittensor(TAO)$423.156.22%
  • aptosAptos(APT)$5.539.53%
  • nearNEAR Protocol(NEAR)$2.7513.85%
  • okbOKB(OKB)$52.341.87%
  • aaveAave(AAVE)$205.0311.24%
  • ondo-financeOndo(ONDO)$0.987.01%
  • ethereum-classicEthereum Classic(ETC)$18.448.00%
  • internet-computerInternet Computer(ICP)$5.208.48%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.6812.64%
  • gatechain-tokenGateToken(GT)$21.591.42%
  • crypto-com-chainCronos(CRO)$0.0985894.34%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2471218.93%
  • kaspaKaspa(KAS)$0.0976203.39%
  • mantleMantle(MNT)$0.752.40%
  • vechainVeChain(VET)$0.0286119.97%
  • render-tokenRender(RENDER)$4.695.71%
  • usd1World Liberty Financial USD(USD1)$1.000.49%
  • filecoinFilecoin(FIL)$2.947.92%
  • ethenaEthena(ENA)$0.33484612.47%
  • algorandAlgorand(ALGO)$0.2241617.24%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.776.24%