Avalanche, the smart contract platform for decentralized applications, witnessed remarkable growth in Q2 2023, driven by increased activity on the C-Chain- one of the three chains that make up the Avalanche network- and the launch of new subnets.
According to a recent report by Messari, the network’s daily average active addresses and transactions on the C-Chain was increased by 132.1% and 162.2%, respectively, primarily due to a rise in stablecoin liquidity and activity from LayerZero.
Avalanche’s Unprecedented Growth
Per the report, despite the challenging regulatory climate, Avalanche’s financial performance improved in Q2, with revenue in AVAX increasing by 173.1% Quarter-Over Quarter (QoQ) (up 150.3% in USD terms).
The increased revenue was partly due to higher transaction fees but primarily due to the activity stemming from LayerZero.
The difference between the change in revenue versus market cap suggests that the overall fundamental network utility was more signi
We współpracy z: https://www.newsbtc.com/avalanche/avalanche-avax-q2-success-network-activity-surges-revenue-jumps-170/
