Avalanche reaches a new milestone and breaks records. Indeed, the daily gas consumption (ATH) has reached a new milestone on the blockchain; and currently, nothing seems to be able to stop it. Is this the start of a new era for crypto?
Avalanche, forward to new horizons
The crypto ecosystem surprises a little more every day and nothing seems to be able to prevent its development. In any case, it is not Avalanche who will say the opposite. The year has started rather badly for digital assets. However, blockchains are pulling themselves together and getting back on their feet. Indeed, the numbers on Avalanche are staggering.
According to the data, the daily gas consumption (ATH) has reached records during the month of August. This can also be considered a high level of activity on the platform. What is this influx due to, certainly the updates and announcements related to the development of Avax.
If the second quarter was not favorable to him, the third quarter promises to be quite glorious. Currently, Avalanche holds the greatest financial value, to TVL of course, on a network per unit of energy used. Indeed, in terms of sustainability, the network ranks as the best blockchain ahead of Bitcoin.
The great contribution of GameFi developments
The transactions metric on Avalanche reached 1.5 million on the chart on August 9. Because of this, the blockchain has recorded a record for a very long time. However, if the ATH has seen a strong increase recently, it is partly due to GameFi developments.
Indeed, the second quarter of the year 2022 was not favorable to AVAX since it moved the development of the games to subnets. However, everything seems to be back to normal since the blockchain launched two new games on the mainnet.
Among others, Technique and Adventure Games. According to a recent update, GameFi has gained huge social volume on Google Trend. All this would be, in a way, behind the increase in HUD on Avalanche. In a causal relationship, the evolution of DeFi games could perhaps lead to mass adoption of the platform.
Avalanche is gradually recovering from the downtrend. Indeed, despite the impressive activities, the token is not looking good. Last week it was still trading at $27.42 and currently it is hovering around $22.66. As a result, despite an increase of 0.50% in the last 24 hours, the token is struggling to find its resistance.
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